Ceiling Tiles Market Size 2017-2026: Global Forecast Based on Business Development Scenario and Leading Growth Factors | Ceiling Tiles Market by Region - North America, Latin America, Europe, Japan, APEJ, MEA and Application - Residential, Hospitality, Co
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.
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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 FactMR, 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.
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.
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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.
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.
Table of Contents
1.1. Summarizing Key Findings
1.2. Key Strategic Themes
1.3. Highlighting Action Area – Wheel of Fortune
Global Ceiling Tiles Market Overview
2.2. Market Definition and Scope
2.3. Market Taxonomy and Segments Captured
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
Global Ceiling Tiles Market Dynamics
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