Acoustical Ceilings Market Demand Overview, Growth Innovation, Latest Trends till 2028 | Armstrong, USG Corporation, Techno Ceiling Products, Rockfon
The global Acoustical Ceilings Market is expected to grow with a CAGR greater than 9.4% during the forecast period of 2022-2028.
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The market is expected to be driven by rising commercial construction activities like office complexes, institutional buildings, and healthcare facilities across the world. Moreover, increasing disposable income in emerging economies, rising demand for thermal & acoustic insulation, and consumer focus on aesthetics of office and home buildings are expected to boost the product demand, thereby augmenting the market growth. In addition, the usage of innovative and sustainable construction solutions involving eco-friendly materials for floors, ceilings, and walls, is expected to benefit the market dynamics over the forecast period. The recovery of the construction industry in the U.S. has a positive impact on product demand with increasing commercial construction projects in the country. In addition, changing consumer behavior along with increasing alternatives for soundproof and decorative interiors in commercial complexes is expected to promote the growth of the mineral wool segment in the country. The market illustrates the strong presence of various raw material suppliers that are engaged in offering metals, mineral fiber, fiberglass, gypsum, wood, and plastics. In addition, there exists a significant level of backward integration where the manufacturers are the prominent raw material producers thereby lowering the bargaining power of the suppliers.
The major companies operating in the global Acoustical Ceilings Market outlined in the report are:
Armstrong,USG Corporation,Techno Ceiling Products,Rockfon,Saint-Gobain,Grenzebach BSH GmbH,Odenwald Faserplattenwerk GmbH,SAS International,Knauf,QSI Interiors Ltd
USG has acquired 2 companies of its own, including 1 in the last 5 years. It has also divested 2 assets. USG's largest acquisition to date was in 2017, when it acquired Ceilings Plus for $52M. It's largest disclosed sale occurred in 2016, when it sold L&W Supply to ABC Supply for $670M. USG has acquired in 1 US state, and 2 countries. The Company's most targeted sectors include building materials (100%).
Armstrong International has acquired 2 companies, including 1 in the last 5 years. Armstrong International has acquired in 2 different US states. The Company's most targeted sectors include machinery (50%) and manufacturing (50%).
Acoustical Ceilings Market Segments
Market Segmentation: By Type
Market Segmentation: By Application
Regions Are covered by Global Acoustical Ceilings Market
For a comprehensive understanding of market dynamics, the Global Acoustical Ceilings Market is analyzed across key geographies namely:
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, and Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).
The market in North America led the market in 2021 and accounted for the largest revenue share of 33.9% on account of the increased adoption of products from application industries. A technological breakthrough in this area as well as the need for acoustic insulation has played a vital role in the increased adoption of ceiling tiles in the region. The U.S. accounted for the major revenue share in the global market in 2021 owing to high consumer disposable income and changing consumer behavior along with increasing alternatives for soundproof and decorative interiors in commercial complexes. The growth of the residential sector, in terms of single-family housing, is a crucial factor driving the industry over the forecast period.
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The study objectives of this report are:
- To study and analyze the Global Acoustical Ceilings market size (value and volume) by the company, key regions/countries, products and applications, history data from 2016 to 2021, and forecast to 2028.
- To understand the structure of Acoustical Ceilings by identifying its various sub-segments.
- To share detailed information about the key factors manipulating the growth of the market (growth potential, opportunities, drivers, industry-specific challenges, and risks).
- To analyze the report with respect to individual growth trends, future prospects, and their contribution to the total market.
- To analyze modest developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
Scope of The Acoustical Ceilings Market Report:
- The report analyses Acoustical Ceilings by Type Segment.
- The report assesses the Acoustical Ceilings by End Users.
- The Global Acoustical Ceilings have been analyzed by Region.
- The key insights of the report have been presented through the frameworks of SWOT and Market Attractiveness charts.
- The attractiveness of the market has been presented by Region, Type and by End User. Additionally, the major opportunities, trends, drivers and challenges of the industry has been analyzed in the report.
- The report provides a detailed pipeline analysis developed to cure the problem of Acoustical Ceilings.
- The report tracks competitive developments, strategies, mergers and acquisitions and new product development.
-To take advantage of business owners, tap hard at Acoustical Ceilings research to get a thorough understanding of current momentum.
- The report presents the analysis of Acoustical Ceilings for the historical period of 2016-2021 and the forecast period of 2022-2028.
Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain have been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check with the sales team.
Customizable: The Global Acoustical Ceilings Market
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