(MENAFN- PR Newswire) DUBLIN, Nov. 18, 2022 /PRNewswire/ --
The 'global ceiling tiles market by material type (mineral fiber, metal and gypsum), property type (acoustic and non-acoustic), end user (residential and non-residential), and region (na, eu, apac, mea, and sa) - forecast to 2027' report has been added to
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The ceiling tiles market is estimated to be USD 8.4 billion in 2022 and is projected to reach USD 11.7 billion by 2027, at a CAGR of 6.8% between 2022 and 2027.
Increasing demand for ceiling tiles for construction of green buildings is boosting the market growth A significant proportion of ceiling tiles are produced using recycled raw materials such as slag mineral wool, mineral fiber, metal, gypsum, and recycled paper. Ceiling tiles made from such materials are recyclable. Owing to the use of these recyclable raw materials, the manufacturing process of ceiling tiles has a low carbon footprint.
These ceiling tiles comply with the building regulations of developed economies that emphasize on reducing CO2 emissions while constructing any buildings. Buildings are responsible for 39% of global energy-related carbon emissions, and building stock is expected to double by 2050 as per the World Green Building Council (WorldGBC).
The United States Green Building Council (USGBC), a non-profit trade organization, promotes constructing buildings that are environmentally responsible, profitable, and healthy to live and work. Ceiling tiles, being recyclable and environment-friendly, fulfill the agenda stipulated by the USGBC. Thus, there is an increased demand for ceiling tiles in the construction of green buildings. Susceptibility to damage made by moulds to restrict the market growth Modern acoustic ceiling tiles are easily susceptible to mould breeding when exposed to water for a long period of time. The damage made by moulds creates unnecessary downtime in restaurants, commercial kitchens, and food processing plants. Thus, the use of ceiling tiles is often restricted in these spaces. Therefore, the growth of the ceiling tiles market is hampered by their susceptibility to damage by moulds. Growth of construction industry to create opportunities for ceiling tiles market The ceiling tiles market is expected to witness a positive outlook during the forecast period as the developed economies are targeting long-term investment in the building & construction industry. According to Statista, the building & construction industry in the US is expected to show a positive growth trend. The market size of the US construction industry was valued at around USD 1.36 trillion at the end of 2020.
This positive growth in both residential and non-residential sectors is expected to boost the ceiling tiles market in the US. Further, developing economies such as China and Brazil are also expected to show good growth in the building & construction industry. There is an increase in spending on national construction & infrastructure and real estate investment across the globe. Increasing urbanization and national commitments to conserve resources and reduce greenhouse gas emissions are expected to drive the ceiling tiles market during the forecast period. North America is the leading ceiling tiles market in terms of both value and volume North America is the largest market for ceiling tiles. The presence of leading players such as Armstrong World Industries (US) has helped the region achieve a dominant position in the global ceiling tiles market. Armstrong World Industries (US) conducts more than 65% of its business in the North American region.
The region has high demand for ceiling tiles for various residential and non-residential purposes. North America is among the largest construction market in the world. The building & construction industry in North America is highly developed, and architects and builders present in this region are acquainted and skilled with the use of modern architecture in residential and non-residential construction. The region also has consumers that demand more aesthetically attractive building & construction solutions, including non-acoustic ceiling tiles for residential and non-residential applications. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights
5 Market Overview 5.1 Introduction5.2 Market Dynamics5.2.1 Drivers5.2.1.1 Increasing Demand from Emerging Economies5.2.1.2 Increasing Demand for Ceiling Tiles in Construction of Green Buildings5.2.1.3 Rising Demand for Replacing Old or Damaged Tiles5.2.2 Restraints5.2.2.1 Susceptibility to Damage Made by Molds5.2.2.2 High Cost of Ceiling Tiles5.2.3 Opportunities5.2.3.1 Growing Use of Ceiling Tiles for Enhancing Aesthetic Looks5.2.3.2 Growth of Construction Industry5.2.4 Challenges5.2.4.1 Reducing Installation Cost of Ceiling Tiles5.2.4.2 Market Recovery from COVID-195.3 Industry Trends5.3.1 Porter's Five Force Analysis5.3.2 Threat of New Entrants5.3.3 Threat of Substitutes5.3.4 Bargaining Power of Suppliers5.3.5 Bargaining Power of Buyers5.3.6 Intensity of Competitive Rivalry5.4 Key Stakeholders & Buying Criteria5.4.1 Key Stakeholders in Buying Process5.4.2 Buying Criteria5.5 Supply Chain Analysis5.6 Ecosystem: Ceiling Tiles Market5.7 Value Chain Analysis5.7.1 Raw Materials5.7.2 Manufacturers5.8 Technology Analysis5.9 Pricing Analysis5.9.1 Average Selling Prices of Key Players, by End-user5.9.2 Average Selling Price Trend5.10 Ceiling Tiles Market: Optimistic, Pessimistic, and Realistic Scenarios5.10.1 Optimistic Scenario5.10.2 Pessimistic Scenario5.10.3 Realistic Scenario5.11 Key Markets for Import/Export5.12 Impact of COVID-195.13 Patent Analysis5.14 Key Conferences & Events in 2022-20235.15 Tariff and Regulatory Landscape5.16 Case Study Analysis5.17 Trends and Disruptions Impacting Customers
6 Ceiling Tiles Market, by Material Type 6.1 Introduction6.2 Mineral Fiber Ceiling Tiles6.2.1 Mineral Fiber Ceiling Tiles Market, by Region6.3 Metal Ceiling Tiles6.3.1 Metal Ceiling Tiles Market, by Region6.4 Gypsum Ceiling Tiles6.4.1 Gypsum Ceiling Tiles Market, by Region6.5 Other Ceiling Tiles6.5.1 Wood Ceiling Tiles6.5.2 Composite Ceiling Tiles6.5.3 Plastic Ceiling Tiles6.5.4 Other Ceiling Tiles Market, by Region
7 Ceiling Tiles Market, by Property Type 7.1 Introduction7.2 Acoustic7.2.1 Acoustic Ceiling Tiles Market, by Region7.3 Non-Acoustic7.3.1 Non-Acoustic Ceiling Tiles Market Size, by Region
8 Ceiling Tiles Market, by End-User 8.1 Introduction8.2 Non-Residential8.2.1 Institutions8.2.2 Hospitals8.2.3 Offices8.2.4 Non-Residential: Ceiling Tiles Market, by Region8.3 Residential8.3.1 Residential: Ceiling Tiles Market, by Region
9 Ceiling Tiles Market, by Region
10 Competitive Landscape 10.1 Introduction10.2 Market Share Analysis10.3 Market Ranking10.4 Market Evaluation Framework10.5 Revenue Analysis of Top Market Players10.6 Company Evaluation Matrix10.6.1 Star10.6.2 Pervasive10.6.3 Participants10.6.4 Emerging Leaders10.6.5 Strength of Product Portfolio10.6.6 Business Strategy Excellence10.7 Small and Medium-Sized Enterprises (Sme) Evaluation Matrix10.8 Start-Up/ Small and Medium-Sized Enterprises (Sme) Evaluation Matrix10.8.1 Progressive Companies10.8.2 Responsive Companies10.8.3 Dynamic Companies10.8.4 Starting Blocks
11 Company Profiles 11.1 Key Companies11.1.1 Armstrong World Industries, Inc.11.1.2 Gebr. Knauf Kg11.1.3 Hunter Douglas11.1.4 Saint-Gobain S.A.11.1.5 Ket Ceilings11.1.6 Aerolite Industries Pvt. Ltd.11.1.7 Rockfon11.1.8 Odenwald Faserplattenwerk GmbH11.1.9 Georgia-Pacific11.1.10 Sas International11.2 Other Players11.2.1 Burgess Cep11.2.2 Shandong Huamei Building Materials Co., Ltd.11.2.3 Acoustigreen11.2.4 Mada Gypsum11.2.5 Byucksan Corporation11.2.6 Hil Limited11.2.7 Techno Ceiling Products11.2.8 Ceilume11.2.9 Renhurst Ceilings Pty Ltd.11.2.10 Acoustic Ceilings Products LLC
12 Appendix
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