Ceiling Tiles Industry worth $11.7 billion by 2027 | Key players PPG Industries, Inc., BASF SE, Nippon Paint Holdings Co., Ltd., Tatung Fine Chemicals Co., Ltd, Kansai Paint Co., Ltd.

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 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.

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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The Asia Pacific region is segmented into China, Japan, India, Australia, and other Asia Pacific countries. The growth of the ceiling tiles market is mainly attributed to the high economic growth rate followed by heavy investment in building & construction industry. New plants are being set up by various companies in the region as they are expanding their existing ceiling tiles and resin production units due to the availability of cheap labor and low cost of production. Over half of the world's population lives in Asia Pacific countries which is resulting into the tremendous growth of the region as an important global trade and commerce center.

The increase in construction activities, along with increase in purchasing power of the public, are the major reasons for the increased consumption of ceiling tiles in the region.
PPG Industries, Inc. (US), Axalta Coating Systems, Ltd. (US), BASF SE (Germany), The Sherwin Willaims Company (US), Nippon Paint Holdings Co., Ltd. (Japan), Tatung Fine Chemicals Co., Ltd (Taiwan), KCC Corporation (South Korea), Kansai Paint Co., Ltd (Japan), B.L.Downey Company LLC (US), Hawking Electrotechnology Ltd (England), Therma-Tronx-X, Inc. (US), and Parker Trutec, Inc (US).

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Saint-Gobain India Pvt. Ltd. - Gyproc is the gypsum business unit of Saint-Gobain S.A. that manufactures a wide range of gypsum plasterboards, gypsum plasters, and acoustic ceiling tiles for false ceilings, drywall partitions, and wall lining systems. The company is a pioneer and market leader in the Indian market for lightweight interior construction, and its products and systems are preferred by architects and designers, developers, contractors, and homeowners.
Armstrong World Industries, Inc. is a leading manufacturer of ceiling systems for use in commercial and residential construction and remodeling. Throughout the Americas, the company design, manufacture, and distribute ceiling and wall systems primarily made of mineral fiber, fiberglass wool, metal, wood, wood fiber, glass-reinforced-gypsum, and felt.

Armstrong World Industries provides interior solutions that help to improve comfort, save time, improve building efficiency and overall performance, and create beautiful places, whether at home, at work, in healthcare facilities, classrooms, stores, or restaurants. The company is dedicated to creating new and sustainable ceiling solutions with design and performance options that make a positive difference in living, working, studying, healing, and playing places. Mineral Fibre, Architectural Specialties, and Unallocated Corporate are the main segments of the company.

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