Ceiling Tiles Market Top players Analysis 2018-2025: Saint-Gobain S.A., Armstrong World Industries, USG Corporation, Knauf

The Ceiling Tiles market was valued at USD 4.98 billion in 2017 and is projected to grow at a CAGR of 8.8%. The rise in demand for Ceiling tiles has been attributed to the increase in construction and refurbishment in both developing and developed countries in recent years.

The latest market intelligence study on the Ceiling Tiles market performs an extensive analysis of the competitive landscape and growing investment pocket of the Ceiling Tiles market for the forecast period, 2018 - 2025. The tailor-made study probes into the current and future trends of that are likely to shape the development of the Ceiling Tiles industry to give the business owners a competitive edge and help them stay ahead of their rivals. The best of both research techniques including qualitative and quantitative are applied to gauge the market size, share, and growth rate.

The major manufacturers covered in this report are Saint-Gobain S.A., Armstrong World Industries, USG Corporation, Knauf, ROCKWOOL International A/S, Odenwald Faserplattenwerk GmbH

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Mineral wool is the most used material in this industry and has a market share of 40.8%. It is Made from rock, blast furnace slag, and other raw materials which are melted and spun into fibers to resemble the texture of wool. Due to its soundproofing, insulation and fireproof abilities, it is a popular choice in commercial buildings.

It also has a niche market in hydroponics as it can be engineered to hold large amounts of air and water. As there is a rise in commercial construction in Asia-Pacific, and the growth of vertical farming as an industry(which is predicted to reach USD 13.73 billion) as a result of an increased demand for food, mineral wool tiles are expected to grow at the fastest CAGR. However, concerns about it being carcinogenic may affect its demand.

Gypsum ceiling tiles are expected to register the highest CAGR of 8.9% during the forecast period owing to its properties such as environmentally friendly, lightweight, high quality, fireproof, waterproof and corrosion-resistant and decorative.

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Reflecting the extent to which the industry tanked after the 2008 financial crisis, by 2025 the value of construction output in Western Europe will stand at USD 2.20 trillion which is still below the USD 2.25 trillion recorded in 2008. Over the forecast period, most markets will recover to spending levels above the pre-crisis highs, but this will not be the case in France, Italy, Spain, Greece or Portugal. The Eastern European construction industry will be relatively weak due to the troubled state of the Russian economy, weak commodity prices, and political and economic uncertainties. Furthermore, sharp contractions were recorded in Poland, Hungary, and the Czech Republic, owing to delays in the disbursement of EU funding.

Extensive data on market segmentation

The Ceiling Tiles report divides the market of potential buyers into different groups, or segments/sub segments, based on various characteristics. The segments and sub segments identified contain buyer who are expected to respond or react similarly to certain products and services. The report further finds out consumers who share traits including similar expectations, interests, geography and needs. The segmentation sheds light on how some customers are likely to purchase a product or service than others to enable marketers allocate their focus as well as resource.

Attracting the target audience

First, the comprehensive report finds out why customers need a certain product or service. The study focuses on what problems a certain product and service can solve. Apart from target demographics industry experts weigh up on the factors including audience type, as well as others vital attributes about the target customer segment.

Knowing the trends influencing the industry performance

Stakeholders, marketing executives and business owners planning to refer a market research report can use this study to design their offerings and understand how competitors attract their potential customers and manage their supply and distribution channels. When tracking the trends researchers have made a conscious effort to analyze and interpret the consumer behaviour. Besides, the research helps product owners to understand the changes in culture, target market as well as brands so they can draw the attention of the potential customers more effectively.

Our trend analysts look for the crucial connection between consumer trends, behaviour and values, to provide context for the sectors, demographics and global themes that matter to you.

Elements from table of content:

Chapter 8
Company Profiles
8.1. Armstrong World Industries, Inc.
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives

8.2. USG Corporation
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
Continued….

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