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Mineral Fiber Ceiling Tiles Market to Witness Robust Expansion by 2024– Top Key players like Knauf,Saint-Gobain,BNBM,Inc.
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Mineral fiber ceiling tiles are kinds of ceiling tiles produced mineral wool, perlite, etc. the main raw material is mineral wool. Mineral fiber is the option for high-performance acoustic ceiling panels. They absorb sound better than other panels, which studies have shown actually increase productivity and happiness in open office plans. Their low density material keeps them moisture resistant, and easy to maintain over time.
Based on Sales channels, mineral fiber ceiling tiles can be categorized into Off-line Sales and On-line Sales. In 2018, Off-line Sales occupied the most market share (95.72%), and it is forecast to hold the leading position in coming years.
Geographically, the consumption market is leading by North America and Europe, sales in Asia Pacific regions like China, Japan, India & SEA and India will see significant growth in future period. In terms of year 2018, North America holds the largest consumption market share, with about 47.07%, followed by Europe, with about 30.74% market share. North America will keep playing important role in Global market.
Armstrong and USG Corporation are the biggest two players in mineral fiber ceiling tiles market, with about 17.639% and 4.510% market share separately in 2018. Other leading market players in mineral fiber ceiling tiles market include OWA Ceiling Systems, Rockfon, Knauf, Saint-Gobain and DAIKEN Corporation etc. the market competition may become more intense with more innovation products, acquisitions and improvement of raw material cost control and etc.
The global Mineral Fiber Ceiling Tiles market is valued at 4050 million US$ in 2018 is expected to reach 7390 million US$ by the end of 2025, growing at a CAGR of 9.0% during 2019-2025.
Market Segment by Manufacturers, this report covers
Armstrong World Industries, Inc.
USG Corporation
OWA Ceiling Systems
Rockfon (ROCKWOOL International.)
Knauf
Saint-Gobain
DAIKEN Corporation
Luofeier Building Material (Shenyang) Group Co., Ltd.
BNBM
Market Segment by Type, covers
Mineral Fiber
Fiberglass
Other
Market Segment by Applications, can be divided into
Residential
Commercial
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Related Information:
North America Mineral Fiber Ceiling Tiles Market Growth 2019-2024
United States Mineral Fiber Ceiling Tiles Market Growth 2019-2024
Asia-Pacific Mineral Fiber Ceiling Tiles Market Growth 2019-2024
Europe Mineral Fiber Ceiling Tiles Market Growth 2019-2024
EMEA Mineral Fiber Ceiling Tiles Market Growth 2019-2024
Global Mineral Fiber Ceiling Tiles Market Growth 2019-2024
China Mineral Fiber Ceiling Tiles Market Growth 2019-2024
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