Ceiling Tiles Market Outlook, Current and Future Industry Landscape Analysis by 2031

-

The global ceiling tiles market will witness stellar growth at 10% CAGR over the forecast period (2021-2031). High net worth income of consumers in developed economies, along with spurring renovation activities, would contribute substantially to overall market performance, projects a new Future Market Insights (FMI) study. Sales of ceiling tiles are projected to inflate at an unprecedented rate on the back of soaring demand from building & construction industry.

A major trend gripping the ceiling tiles landscape is the drive towards attaining sustainability in construction. The advent of green buildings is a notable development in this regard, with key players emphasizing on attributes including sustainably sourced raw material as well as using recycled substances to manufacture their products.  For instance, Celiume Tiles use 75% less raw material during the manufacturing process, and produces 98% post-industrial recycled tiles.

“Consumers have greater predilection for environmentally-friendly ceiling tiles. Leading global producers are thus focused on manufacturing low-VOC (volatile organic compounds) ceiling tiles. Low maintenance of ceiling tiles will be an important booster to market growth,” concludes the FMI report.

Will Green Building Construction Pave Way for Future Growth?

As global concern over environmental sustainability mounts, the global housing industry is increasingly tilting towards green buildings, prompting major players to introduce appropriate product lines. Players such as Ceilume are actively participating in introducing solutions for green buildings. To achieve this objective, the company has introduced a new line of tiles made from 98% post-industrial recycled tin, copper, bronze and cherry wood finishes.

Request sample of this report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-11097

Key Takeaways of Ceiling Tiles Market Study

  • Non-residential construction sector will remain the leading end-use area for ceiling tiles through 2029.
  • Sustainable ceiling tiles will gain paramount importance through the course of forecast period.
  • North America ceiling tiles market accounts for more than 31% revenue share.
  • The ceiling tiles market in Asia Pacific is set to exhibit noteworthy growth during the projection period.

Ceiling Tiles Market – Top Growth Drivers

  • Green retrofit activities are fueling the growth of ceiling tiles market, particularly in developed countries.
  • Consumers’ inclination towards green label products is surging the demand for ceiling tiles emitting low VOCs during production.
  • Soaring demand for aesthetic, soundproof interiors is stimulating the demand for ceiling tiles.
  • Stringent regulatory requirements against particulate emissions continue to underpin the global ceiling tiles market growth.
  • Ongoing rapid industrialization is supplementing the demand for ceiling tiles in emerging markets.

Ceiling Tiles Market – Key Restraints

  • Relatively high cost of installation is hindering the growth of ceiling tiles market.
  • Gaining substantial market share is challenging for market leaders in view of highly competitive landscape.

Competition Landscape of Ceiling Tiles Market

FMI’s comprehensive study covers prominent players of highly-competitive ceiling tiles market. Some of the industry leaders profiled in this report include, but are not limited to, Grenzebach BSH GmbH, Burgess CEP, Decorative Ceiling Tiles, Hyderabad Industries Limited (HIL), Armstrong World Industries, Rockfon, New Ceiling Tiles, and Byucksan Corporation. Market leaders continue to employ multifaceted strategies including product development, contracts and agreements along with growth-oriented expansion strategies for bolstering their credibility.

More about the Report

This Future Market Insights study of 200 pages offers actionable insights on the ceiling tiles market. The market analysis is based on material type (steel, wood, mineral fibre/gypsum, polyvinyl chloride, fibre glass and aluminum), application (residential, commercial, hospitality, industrial and institutional), installation type (drop/suspended and surface mount), form (textured, patterned, plain, coffered, laminated, fissured) across five regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa).

Speak to our Research Expert @ https://www.futuremarketinsights.com/ask-question/rep-gb-11097

How is the Global Construction Industry Catalyzing Ceiling Tiles Adoption?

The global construction industry is projected to expand at a growth rate of 4.2% annually until 2023, with prolific expansion opportunities across the residential, non-residential and infrastructure projects sectors respectively, according to a World Bank publication. As urbanization expands amid a bolstering global population, urban housing projects are experiencing a significant incline.

Ceiling Tiles Market Key Segments Covered

Material

  • Aluminum
  • Fiber Glass
  • PVC
  • Mineral Fiber/Gypsum
  • Wood
  • Steel

Application

  • Residential
  • Commercial
  • Hospitality
  • Industrial
  • Institutional

Installation

  • Surface Mount
  • Drop/Suspended

Form

  • Laminated
  • Fissured
  • Patterned
  • Plain
  • Textured
  • Coffered

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 9-years.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/ceiling-tiles-market
For Sales Enquiries: sales@futuremarketinsights.com
LinkedIn| Twitter| Blogs


Comments

Post a Comment

Popular posts from this blog

Thionyl Chloride Market Size, Share, Revenue Demand & Growth by 2034

-
Heightening concerns related to water treatment are likely to further fuel its growth engine in the near term. According to the latest report by FMI, the global  thionyl chloride market  is expected to reach a valuation of US$ 829.9 million by 2034. The industry is expected to experience revenue growth at a moderate CAGR of 4.8% during the forecast period. Thionyl chloride is used in various end-use industries such as agrochemicals, pharmaceuticals, dyes & pigments, and organic synthesis. The rising adoption of pesticides in developing countries and developments in the pharmaceutical industry are expected to drive the growth of the thionyl chloride market over the forecast period. However, a majority of end users of thionyl chloride are facing a massive slowdown due to the coronavirus (COVID-19) pandemic. This is substantially widening the supply-demand gap, and, as such, straining the revenue pool of the thionyl chloride market. Further, China – the epicenter of the pandemic – is
Read more

Bonded Magnet Market Size, Share, Revenue Demand & Growth by 2034

-
  The  bonded magnet market size  is projected to be around US$ 2,597.40 million in 2024. The demand for bonded magnets is anticipated to expand at a CAGR of 4.80% through 2034. The industry is projected to surpass US$ 4,150.99 million by 2034. The bonded magnet industry is primarily driven by the increasing demand for miniaturization and lightweight components in various applications such as automotive, consumer electronics, and medical devices. The rising focus on sustainability and environmental concerns has propelled the adoption of bonded magnets, which are manufactured using environmentally friendly processes and materials. One of the latest trends in the bonded magnet industry is the development of hybrid magnet systems combining bonded magnets with other materials like plastics or composites. These hybrid systems offer unique properties and performance characteristics, catering to specific application requirements such as weight reduction or thermal stability. One significa
Read more

Construction Chemicals Market Potential Growth, Size, Share, Demand And Analysis Of Key Players – Research Forecasts To 2031

-
 The essential nature of construction chemicals in the construction and engineering sector is expected to support market growth for the duration of the assessment period from 2021 to 2031. In a new market report, Future Market Insights (FMI) has stated the valuation of the market at US$ 39 Bn in 2020.  Construction chemicals  play critical roles in construction projects including coatings, additives, sealants and more. Affordable housing and smart city projects are major influencers of demand. Strong demand for concrete admixtures, plasticizers in particular is driving the growth of the construction chemicals market. The high degree of workability in areas requiring high levels of reinforcement in high rise buildings and public infrastructure projects will support sales prospects in the coming years. The Asia Pacific excluding Japan region is expected to remain dominant. Major urbanization projects and substantial manufacturing facilities in China are likely to aid expansion of the
Read more