Global Ceiling Tiles Market is majorly driven due to its environmental and financial advantages. End-of-life or waste ceiling tiles are returned back to the manufacturers for recycling which gives financial advantage thereby adding real value to the supply chain. Ceiling tiles or also known as ceiling panels are lightweight construction materials used to cover ceiling area and absorb sound. These tiles are placed in aluminum framework to provide thermal insulation, fire insulation and enhance room acoustics, mainly used in interiors of buildings. Global ceiling tiles market can be segmented on the basis product as mineral wool, metal, gypsum and others (plastics or woods, etc.). Mineral wool segment is largely consumed product type and accounts for highest market share in global ceiling tiles market. It is preferred choice over others due to its performance and quality in concurrence to thermal insulation, fire safety and reduction in noise levels. On the other hand, gypsum ceiling tiles are gaining market and are likely to witness fastest growth over the forecast period due to its biodegradable behavior. Ceiling tiles are widely used in green buildings, with increase in demand for eco-friendly materials market is expected to grow rapidly over the forecast period. These tiles are also used in building perimeters, offices, retail stores, drywall grid systems, hotels, transportation terminals, etc. On the basis of application global ceiling tiles market can be segmented as commercial, healthcare, industrial, educational and other sectors applications such as residential, malls, etc.
Global ceiling tiles market is majorly driven due to its environmental and financial advantages. End-of-life or waste ceiling tiles are returned back to the manufacturers for recycling which gives financial advantage thereby adding real value to the supply chain. Additionally, it saves waste ceiling tiles landfill cost and another taxes giving another financial advantage. Other driving factor for increase in demand of ceiling tiles is due to expanding construction business such as infrastructure development in emerging regions of Asia-Pacific. On the other hand, increase in energy prices such as crude oil which is used in manufacturing ceiling tiles may serve as a restraint for the market growth. However, use of ceiling tiles in the green building projects is expected to serve new opportunities to the global ceiling tiles market over the forecast period.
Geographic Coverage and Analysis:
Ceiling tiles market is mature in North America and Europe due to existing construction industries, the US particularly dominates construction market globally where ceiling tiles are used largely. On the other hand, future growth of global ceiling tiles market is expected to be observed from developing regions such as Asia-Pacific and Latin America owing to the rising infrastructure development. Whereas, the commercial segment is expected to witness fastest growth due to urbanization, industrial ceiling tiles segment is expected to be the second largest in the global ceiling tiles market.
- Armstrong World Industries, Inc.
- Chicago Metallic Corporation
- SAS International
- Saint-Gobain S.A.
- USG Corporation
- Odenwald Faserplattenwerk GmbH (OWA)
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