Ceiling Tiles Market was valued USD 7.71 Billion in 2019 and is expected to reach XX Billion by 2027 at a CAGR of XX %.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
For effective building design balancing multiple objectives such as aesthetics, acoustics, environmental factors and integration is required. Acoustic balance and control is one of the early objectives of ceiling tiles. Due to trend of decorative interior in the ceiling tiles market there is large enhancement in research & innovations in terms of providing improved visual effects and finishing of building interiors.
Ceiling tiles market based on material type has been divided into mineral fiber, metal, gypsum and other. Mineral fiber segment is expected to be one of the major contributors for the market growth of ceiling tiles. Increasing demand for mineral fiber ceiling tiles in building construction due to its improved acoustic and aesthetic properties and mineral fiber is largely used material for the manufacturing of ceiling tiles due to easy availability and low cost are some of the factors driving the growth of this segment.
Based on property type, acoustic segment is expected to grow at a highest CAGR during the forecast period. Growth of this segment can be attributed to the capability of ceiling tiles to control and minimize sound. Due to this property acoustic ceiling tiles are largely used in commercial buildings, such as recording studios, concert halls and seminar rooms.
Geographically, North America is dominating the ceiling tiles market. Growth in North America can be attributed to the presence of major players of ceiling tiles market and growth of the building & construction industry. Asia Pacific is projected to grow at a highest CAGR during the forecast period due to the increasing number of construction projects in this region.
Scope of the Report:
Ceiling Tiles Market, by Material Type:
- Mineral Fiber
Ceiling Tiles Market, by Property Type:
Ceiling Tiles Market, by End User:
Ceiling Tiles Market, by Geography:
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
Key Players Analysed in the Report:
- Armstrong World Industries (US)
- Hunter Douglas (Netherlands)
- USG Corporation (US)
- SAS International (UK)
- Rockfon (Denmark)
- CertainTeed (US)
- Odenwald Faserplattenwerk GmbH (Germany)
- Saint-Gobain Gyproc (France)
- Knauf (Germany)
- Georgia-Pacific (US)
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