Decorative exterior and interior trends in the construction industry have impelled the adoption of advanced printing and designing technologies in building materials market. Ceiling tiles and panels seek extensive adoption in interior construction, so as to improve the overall acoustic insulation and aesthetics. Acoustic insulation has been playing a radical role in demand for ceiling tiles, with technological breakthrough leading to greater use of ceiling tiles, particularly in developed countries of Europe and North America.
Ceiling tiles are produced by using naturally occurring raw materials that are abundantly available and are renewable. This has substantially reduced the product cost of ceiling tiles, enabling vendors to sell them at most economical prices. With their property of high reflectance capacity, ceiling tiles reflect over 80% light rays, which in turn help in saving nearly 20% energy consumption. Thermal mass in few types of ceiling tiles absorb daytime heat that is released to the room at nighttime, thereby enabling consumers to curtail their overall cost for cooling, heating, and lighting.
According to a new analytical report of Fact.MR, the global ceiling tiles market is foreseen to reflect an impressive 9.5% value CAGR through the period of forecast, 2017 to 2026. Global sales of ceiling tiles are estimated to reach nearly 12,000 Million Sq. Ft. by 2026-end. Apart from energy and cost savings, ceiling tiles impart incredible interior finish to residential as well as commercial buildings, making them aesthetically appealing.
Mounting Demand for Commercial Spaces to Drive Demand in APEJ
Demand for commercial buildings has witness a steep rise over the past couple of years. Developing nations in Asia-Pacific excluding Japan (APEJ) such as India, China, and South Korea, as well as those in the Middle East have been making heavy expenditure on commercial spaces, including manufacturing plant construction, and institutional buildings.
India will continue to be at the forefront of APEJ’s construction industry, with infrastructure accounting for bulk share of the construction activities. Reduced interest rates have encouraged consumers in the country to make investments in real estate. This has further prompted several builders to commence both commercial and residential projects, thereby creating opportunities for ceiling tiles.
PVC Ceiling Panels Gaining High Popularity
Decorative PVC panels have gained immense traction over the recent past, as one of the most beneficial and affordable materials for installing on ceilings. Greater reliability, termite resistance, and longer lifespan are key attributes of PVC ceiling panels that have propelled their demand in the construction sector. Available in a broad range of colors and patterns, PVC ceiling panels are robust, lightweight, and facilitate handling and installation, devoid of the requirement for special tools.
As easy-to-maintain PVC ceiling panels require lesser human resources, the overall cost of the product is remarkably reduced, thereby resulting into higher demand. In addition, PVC panels complement ideal overall temperature of residential or commercial spaces, which in turn enhances efficiency of air conditioners. Fire resistance property of the 100% anti-mold PVC panels has made them increasingly preferable for ceilings and walls of commercial buildings.
Competition Tracking
Development of application-specific and innovative products has remained a key strategy among prominent manufacturers of ceiling tiles, in order to attain strong market position and realize optimum business expansion. For example, Rockfon had lauched a new ceiling tile made from stone wool suitable for filming, music, and live performances, under the brand – Cinema Black, for applications in commercial spaces such as auditoriums, theatres, and restaurants.
Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR
Emerging countries are making enormous investments in the development of their commercial spaces, manufacturing plant construction, institutional buildings, and public infrastructure. For example, demonetization has led the Indian government to trim their fiscal deficit, thereby encouraging builders and consumers to make robust investments in real estate. Such developments will further rub off on demand for ceiling tiles in the forthcoming years.
Surging awareness about the requirement of home décor, growing GHDI across emerging countries, and elevating home prices, have been prompting homeowners in making huge investments in home remodeling and renovating activities. Robust spending by individuals has been observed in the renovation activities associated with suspended ceiling panels. Growth in remodeling and renovation activities are likely to remain key trends affecting growth of the global ceiling tiles market.
Report Synopsis and Market Segmentation
A recent Fact.MR research report offers valuable insights on the evolution of global ceiling tiles market for the foreseeable future. Quantitative data and qualitative information have been provided by the report, which track the growth of global ceiling tiles market during the forecast period, 2017 to 2026. Fact.MR’s report also issues an array of objective information on the way manufacturers of ceiling tiles are developing and implementing novel strategies for capturing untapped opportunities across the global landscape.
The market players can benefit from this report by procuring an all-inclusive researched intelligence, which has been validated around multiple market parameters. Effective & efficient technologies encompassing the fabrication of ceiling tiles have been elucidated. An insightful roadmap regarding future prospects of the ceiling tiles market has also been provided in the report. The report offers comparative analysis on the fast-expanding market segments and remunerative regions for the market expansion.
Every element related to design, fabrication, and application of ceiling tiles has been studied in detail for weighing its influence on growth of the market in the upcoming years. Key chapters in the report deliver segmentation analysis & forecast on growth of the global ceiling tiles market. In order to offer thorough analysis, the report has classified the ceiling tiles market into 3 key segments namely, installation type, application, form, material type, and region. Forecast on country-specific ceiling tiles market has also been delivered in these chapters of the report, along with a cross-segmental examination of the market.
Market Taxonomy
|
Region |
Material Type |
Form |
Application |
Installation Type |
|
North America |
Aluminum |
Laminated Ceiling Tiles |
Residential |
Drop/Suspended |
|
Latin America |
Fiber Glass |
Fissured Ceiling Tiles |
Hospitality |
Surface Mount |
|
Europe |
Mineral Fiber / Gypsum |
Patterned Ceiling Tiles |
Commercial |
|
|
Japan |
PVC |
Plain Ceiling Tiles |
Institutional |
|
|
APEJ |
Steel |
Textured Ceiling Tiles |
Industrial |
|
|
MEA |
Wood |
Coffered Ceiling Tiles |
||
|
Other Material types (Polystyrene, Urethane, MDF, Copper etc.) |
Other Forms (Open Cell, Fine Ceiling Tiles, etc.) |
(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
Competition Landscape Analysis
Various insightful data have been procured through conduction of consistent interviews with the market players, and industry leaders worldwide. Intelligence imparted by companies have revealed the confidential reality engulfing the development, demand, and sales of ceiling tiles. On the basis of current market standings, key companies underpinning the market growth have been identified and profiled in detail, including information on their product overview, company overview, key financials, and key developments.
All information aggregated and offered in this concluding chapter of the report have been contemplated in a balanced manner. In this chapter, the report delivers valuable insights on the way new strategies can enable improvements in businesses of the existing market players. Additionally, this analytical research study also issues knowledge about ways of market penetration for new and emerging players, and how these players can use insights offered in the report to make effective future business decisions.
1. Executive Summary
1.1. Summarizing Key Findings
1.2. Key Strategic Themes
1.3. Highlighting Action Area – Wheel of Fortune
2. Global Ceiling Tiles Market Overview
2.1. Introduction
2.2. Market Definition and Scope
2.3. Market Taxonomy and Segments Captured
3. Global Ceiling Tiles Market Outlook
3.1. Market Size (US$ Mn) and Forecast, 2012-2026
3.2. Market Y-o-Y Growth
3.3. Forecast Factors and Relevance of Impact
4. Global Ceiling Tiles Market Dynamics
4.1. Drivers
4.2. Restraints
4.3. Opportunities
4.4. Trends
5. Supply Chain and Value Chain Assessment
6. Actionable Insights and Analysis
6.1. Technology Roadmap
6.2. Competition Footprint Matrix
6.3. Scenario Forecast
6.4. PESTLE Analysis
6.5. Porter's Five Forces Analysis
6.6. Product Life Cycle
6.7. Investment Feasibility Matrix
6.8. Key Participants Market Presence (Intensity Map) By Region
7. Global Market Analysis and Forecast, 2012-2026
7.1. Analysis and Forecast by Material Type
7.1.1. Revenue (US$ Mn) Comparison, By Region
7.1.2. Market Share Comparison, By Region
7.1.3. Y-o-Y growth Comparison, By Region
7.2. Analysis and Forecast By Form
7.2.1. Revenue (US$ Mn) Comparison, By Region
7.2.2. Market Share Comparison, By Region
7.2.3. Y-o-Y growth Comparison, By Region
7.3. Analysis and Forecast By Application
7.3.1. Revenue (US$ Mn) Comparison, By Region
7.3.2. Market Share Comparison, By Region
7.3.3. Y-o-Y growth Comparison, By Region
7.4. Analysis and Forecast By Installation Type
7.4.1. Revenue (US$ Mn) Comparison, By Region
7.4.2. Market Share Comparison, By Region
7.4.3. Y-o-Y growth Comparison, By Region
7.5. Analysis and Forecast By Performance
7.5.1. Revenue (US$ Mn) Comparison, By Region
7.5.2. Market Share Comparison, By Region
7.5.3. Y-o-Y growth Comparison, By Region
7.6. Analysis and Forecast By Edge Details
7.6.1. Revenue (US$ Mn) Comparison, By Region
7.6.2. Market Share Comparison, By Region
7.6.3. Y-o-Y growth Comparison, By Region
8. North America Ceiling Tiles Market Size & Forecast
8.1. Analysis and Forecast, By Country
8.1.1. US Market Size & Forecast
8.1.2. Canada Market Size & Forecast
8.2. Analysis and Forecast, By Material
8.3. Analysis and Forecast, By Form
8.4. Analysis and Forecast, By Thickness
8.5. Analysis and Forecast, By Installation Type
8.6. Analysis and Forecast, By Performance
8.7. Analysis and Forecast, By Edge Details
9. Latin America Ceiling Tiles Market Size & Forecast
9.1. Analysis and Forecast, By Country
9.1.1. Brazil Market Size & Forecast
9.1.2. Mexico Market Size & Forecast
9.1.3. Mexico Market Size & Forecast
9.1.4. Rest of Latin America Market Size & Forecast
9.2. Analysis and Forecast, By Material
9.3. Analysis and Forecast, By Form
9.4. Analysis and Forecast, By Thickness
9.5. Analysis and Forecast, By Installation Type
9.6. Analysis and Forecast, By Performance
9.7. Analysis and Forecast, By Edge Details
10. Europe Ceiling Tiles Market Size and Forecast
10.1. Revenue (US$ Mn) Comparison, By Country
10.1.1. Germany Market Size and Forecast (US$ Mn)
10.1.2. U.K. Market Size and Forecast (US$ Mn)
10.1.3. Spain Market Size and Forecast (US$ Mn)
10.1.4. France Market Size and Forecast (US$ Mn)
10.1.5. Italy Market Size and Forecast (US$ Mn)
10.1.6. Rest Of Europe Market Size and Forecast (US$ Mn)
10.2. Revenue (US$ Mn) Comparison, By Material type
10.3. Revenue (US$ Mn) Comparison, By Form
10.4. Revenue (US$ Mn) Comparison, By Application
10.5. Revenue (US$ Mn) Comparison, By Installation Type
10.6. Analysis and Forecast, By Performance
10.7. Analysis and Forecast, By Edge Details
11. Japan Ceiling Tiles Market Size and Forecast
11.1. Japan Market Size and Forecast (US$ Mn)
11.2. Revenue (US$ Mn) Comparison, By Material type
11.3. Revenue (US$ Mn) Comparison, By Form
11.4. Revenue (US$ Mn) Comparison, By Application
11.5. Revenue (US$ Mn) Comparison, By Installation Type
11.6. Analysis and Forecast, By Performance
11.7. Analysis and Forecast, By Edge Details
12. APEJ Ceiling Tiles Market Size and Forecast
12.1. Revenue (US$ Mn) Comparison, By Country
12.1.1. China Market Size and Forecast (US$ Mn)
12.1.2. India Market Size and Forecast (US$ Mn)
12.1.3. ASEAN Market Size and Forecast (US$ Mn)
12.1.4. Rest of APEJ Market Size and Forecast (US$ Mn)
12.2. Revenue (US$ Mn) Comparison, By Material type
12.3. Revenue (US$ Mn) Comparison, By Form
12.4. Revenue (US$ Mn) Comparison, By Application
12.5. Revenue (US$ Mn) Comparison, By Installation Type
12.6. Analysis and Forecast, By Performance
12.7. Analysis and Forecast, By Edge Details
13. MEA Ceiling Tiles Market Size and Forecast
13.1. Revenue (US$ Mn) Comparison, By Country
13.1.1. GCC Market Size and Forecast (US$ Mn)
13.1.2. South Africa Market Size and Forecast (US$ Mn)
13.1.3. Rest of MEA Market Size and Forecast (US$ Mn)
13.2. Revenue (US$ Mn) Comparison, By Material type
13.3. Revenue (US$ Mn) Comparison, By Form
13.4. Revenue (US$ Mn) Comparison, By Application
13.5. Revenue (US$ Mn) Comparison, By Installation Type
13.6. Analysis and Forecast, By Performance
13.7. Analysis and Forecast, By Edge Details
14. Competition Landscape, Company Share and Company Profiles
14.1. Company Share Analysis and Industry Structure
14.2. Competition Dashboard
14.3. Company Profiles
14.3.1. Armstrong World Industries, Inc.
14.3.2. Saint-Gobain S.A.
14.3.3. USG Corporation
14.3.4. Knauf
14.3.5. Techno Ceiling Products
14.3.6. ROCKFON
14.3.7. Mada Gypsum
14.3.8. Odenwald Faserplattenwerk GmbH
14.3.9. SAS International
14.3.10. New Ceiling Tiles LLC
14.3.11. Other Prominent Players
15. Key Takeaways
16. Research Methodology
17. Disclaimer
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Ceiling Tiles Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2026