Press release
Mineral Fiber Ceiling Tiles Market Advanced Technologies and Growth Opportunities in Industry 2019-2025
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 was 4050 million US$ in 2018 and is expected to 7390 million US$ by the end of 2025, growing at a CAGR of 9.0% between 2019 and 2025.
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This report studies the Mineral Fiber Ceiling Tiles market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Mineral Fiber Ceiling Tiles in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
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
By the product type, the market is primarily split into
Mineral Fiber
Fiberglass
Other
By the end users/application, this report covers the following segments
Residential
Commercial
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