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Ceiling Tiles Market will Remain Consolidated among Top Tiered Companies Armstrong World Industries Inc. , Saint-Gobain S.A., USG Corporation

06-01-2021 12:35 PM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

A recently compiled research report of Fact.MR envisages the global ceiling tiles market to record a splendid 9.1% volume CAGR in the forecast period, 2017 to 2026. Worldwide ceiling tiles sales are foreseen to close in on approximately US$ 50,000 Mn by 2026-end.

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Find detailed market segmentation on https://www.factmr.com/report/640/ceiling-tiles-market

Remodeling & Renovation Activities to Remain Key Trends Influencing the Market Growth

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.

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.

For more insights into the Market, Request a Sample of this Report https://www.factmr.com/connectus/sample?flag=S&rep_id=640

Celing Tiles Market Segmentation by Category

Material

Aluminum
Fiber Glass
Mineral Fiber/Gypsum
PVC
Steel
Wood
Other Material Types
Polystyrene
Urethane
MDF
Copper
Form

Laminated Ceiling Tiles
Fissured Ceiling Tiles
Patterned Ceiling Tiles
Plain Ceiling Tiles
Textured Ceiling Tiles
Coffered Ceiling Tiles
Other Forms
Open Cell
Fine Ceiling Tiles

Speak to Research Analyst: https://www.factmr.com/connectus/sample?flag=AE&rep_id=640

Application

Residential
Hospitality
Commercial
Institutional
Industrial
Installation

Drop/Suspended
Surface Mounted

Region

North America
Latin America
Europe
Middle East and Africa (MEA)
East Asia
South Asia
Oceania

Need more information about Report Methodology? Ask here: https://www.factmr.com/connectus/sample?flag=RM&rep_id=640

5 Key Projections on Future of Ceiling Tiles Market for Forecast Period 2018-2027

The market in Asia-Pacific excluding Japan (APEJ) is expected to spearhead the market in terms of sales expansion. Increasing foreign investments particularly in India and Southeast Asia, coupled with robust construction activities apropos information technology parks and new offices that is driven by the rise in working populace is a key factor propelling the market expansion in APEJ.
Among product types, mineral fiber will remain sought-after in the market on account of their noise reduction characteristics.

Commercial application of ceiling tiles will continue to account for leading revenue share of the market. This can be mainly attributed to commercial use-specific product launches by companies, for example – Rockfon’s new stone wool ceiling panel for application in auditoriums, theatres, and restaurants.

Surface mount installation will remain preferred for ceiling tiles on their back of their operational convenience and user-friendly attributes.
Based on form, laminated ceiling tiles will continue to lead the market, in terms of both value and volume.

Get Customization on this Report for Specific Research Solution https://www.factmr.com/connectus/sample?flag=RC&rep_id=640

Acquisitions and Product Innovation to Remain Key Expansion Strategies among Market Players

Manufacturers of ceiling tiles are eyeing achievement of business expansion via implementation of key strategies that include product innovation and acquisitions. Geometrix™, USG Boral’s specialty ceiling panels, designed for high-end design projects, hold promise to enable realization of most complex ceiling designs. Produced from lightweight aluminum, Geometrix 3D metal-based specialty ceiling panels lend unexpected dimension and unique perspective to ceiling spaces. Geometrix has also been made available with the high recycled content (HRC), by this global leading ceilings & plasterboard joint venture.

For More Insights: http://www.globenewswire.com/en/news-release/2018/09/14/1571127/0/en/Aftermarket-Captures-Two-Third-Revenue-Share-as-Preference-for-Automotive-Customization-Prevails-Says-Fact-MR.html

USG Corporation has recently made an announcement of its definitive agreement of Ceilings Plus’ acquisition. USG will pay nearly US$ 52 Mn for acquiring this leading producer of specialty ceiling products. Incorporating Ceilings Plus is likely to enhance USG’s product portfolio, thereby accelerating innovation and enhancing their presence in the marketplace of specialty ceilings. By joining USG, Ceilings Plus aims at propelling their ongoing evolution through provision of access to greater manufacturing capabilities, and broader sales coverage. Such innovation and acquisition activities are likely to fuel growth of ceiling tiles market in the upcoming years.

Key market participants profiled by Fact.MR’s report include
Armstrong World Industries, Inc.
Techno Ceiling Products
New Ceiling Tiles LLC
Odenwald Faserplattenwerk GmbH

Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/640/S

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email : sales@factmr.com
Website : https://www.factmr.com

About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions.
We have offices in US and Dublin, whereas our global headquarter is in Dubai.While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise.
Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed.
Reach out to us with your goals, and we’ll be an able research partner.

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