Ceiling Tiles Industry worth $11.7 billion by 2027 | Key players PPG Industries, Inc., Axalta Coating Systems, BASF SE, The Sherwin Willaims Company, Nippon Paint Holdings

According to recent market research the "Ceiling Tiles Market by Material Type (Mineral Fiber, Metal, Gypsum, Others), Property Type (Acoustic, Non-Acoustic), End-User (Non-Residential, Residential) and Region (North America, Europe, APAC, MEA, and South America) - Global Forecast to 2027", size is projected to grow from USD 8.4 billion in 2022 to USD 11.7 billion by 2027, at a CAGR of 6.8% during the forecast period. The increasing use of ceiling tiles in construction projects is one of the most significant factors projected to drive the growth of the ceiling tiles market.

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Gypsum material type is the fastest-growing segment in ceiling tiles market, in terms of value and volume.

Gypsum material type is expected to be the fastest-growing segment in the ceiling tiles market during the forecast period. Gypsum ceiling tiles are made of lightweight plasterboard covered on the face with polyvinyl chloride (PVC) and covered on the back with aluminum foil. The key advantages of gypsum ceiling tiles over other materials include low cost, lightweight, high strength, ease of installation and finishing, fire resistance, high ductility, and easy availability.

Acoustic property type to be the fastest-growing segment in the global ceiling tiles market in terms of value and volume

The ceiling tiles market is dominated by the acoustic ceiling tiles segment. Owing to their ability to block and absorb sound, acoustic ceiling tiles are gaining high acceptance in the building & construction industry. Acoustic ceiling tiles have high noise reduction coefficient (NRC) and ceiling attenuation CLASS (CAC). Thus, they are in high demand in heavy traffic and commercial areas that demand high acoustic performance.

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Ceiling tiles are lighteweight construction materials, which are used to cover ceilings. These are available in smooth, textured, wood, and metal finishes and are made of materials, such as mineral fiber, gypsum, and metal. Ceiling tiles are majorly used in residential and non-residential buildings with the main purpose of serving the aesthetic need of buildings by covering up beams, wires, pipes, cables, and ventilation systems.

The major drivers for the ceiling tiles market include increasing demand from emerging economies, rising demand for replacing old or damaged ceiling tiles, and increasing demand of ceiling tiles in construction of green buildings. High cost of ceiling tiles, and susceptibility to damage made by molds can restrain the market from growing. Some of the opportunities for manufacturers include growing use of ceiling tiles for enhancing aesthetic looks and growth of construction industry. The major challenges faced by the manufacturers is reducing the installation cost of ceiling tiles coupled with market recovery from Covid-19. The global ceiling tiles market size is projected to grow from USD 8.4 billion in 2022 to USD 11.7 billion by 2027, at a CAGR of 6.8% during the forecast period.

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Companies operating in the ceiling tiles market have strengthened their position by adopting expansions, partnerships, agreements, new product/technology launches, joint ventures, contracts, and mergers & acquisitions from 2017-2022. For instance, in December 2020, Armstrong World Industries acquired all the issued, outstanding equity and certain subsidiaries of Arktura LLC with operations in the US and Argentina. Arktura, based in Los Angeles, California, is a designer and fabricator of metal and felt ceilings, walls, partitions, and facades. Armstrongs range of custom solutions and capabilities was extended and expanded with the acquisition of Arktura LLC.

Saint-Gobain S.A.(France), Armstrong World Industries, Inc. (US), Gebr. Knauf KG (Germany), Hunter Douglas (Netherlands), KET Ceilings (China), Aerolite Industries Pvt. Ltd. (India), Rockfon (Denmark), Odenwald Faserplattenwerk GmbH (Germany), Georgia-Pacific (US), and SAS International (UK) are some of the key players in the ceiling tiles market.

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