Stretched Ceiling Market Size, Industry Share | Forecast 2028

According to Precision Business Insights (PBI), latest report, the global stretched ceiling market size was valued at USD 648.2 billion in 2021 which is expected to grow at a CAGR of 6.9% during the forecast period 2022-28. The primary factors that drive the market are the rising demand for PVC panels to ease industry progress and the increasing acceptance of infrastructural development.

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PVC to Dominate the Stretched Ceiling Market:
Based on product type, PVC holds the highest market share. The major factor for the rise of this segment is the exceptional properties of PVC. PVC is preferred by many users as it has unique characteristics, such as being cost-effective, lightweight, and adaptable in terms of application and design in commercial, residential, and other sectors. These properties can drive the global stretched ceiling market growth. Apart from this, the increasing adoption of PVC by manufacturers can also drive the growth of the market.

Asia Pacific Stretched Ceiling Market
Asia Pacific region is expected to grow significantly in the global stretched ceiling market over the forecast period. The economy of India is being enhanced by fast growth in the manufacturing centers and commercial sectors. As per the data released by the National Investment Promotion and Facilitation Agency, the commercial segments in India are emerging exponentially. India is the fourth-largest automobile market in the world and the fifth-largest market in terms of international and domestic aviation passengers in the world.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global stretched ceiling market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share. In October 2021, Mirion Technologies, Inc. acquired the Dosimetry Badge brand to strengthen its position in the medical monitoring, detection, and safety market by increasing innovative products and technology. In December 2021, Carrier and Barrisol launched advanced HVAC ceiling solutions in Europe for outstanding comfort and enhanced indoor air quality.

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The stretched ceiling market is segmented based on product type, application, and region.
Based on the product type, the market is segmented into the following:
• PVC Ceilings
• PTFE Ceilings

Based on the application type, the market is segmented into the following:
• Indoor
• Outdoor

Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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The key players in the global stretched ceiling market report are Normalu, Serge Ferrari, Pongs, Mehler, VERSEIDAG, Hiraoka, CLIPSO, ACS Production, Saros, and Newmat.

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This release was published on openPR.