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India Ceiling Tiles Market Demands, Growth Analysis, Industry Report 203-2028

02-02-2024 12:16 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

India Ceiling Tiles Market Report

India Ceiling Tiles Market Report

IMARC Group, a leading market research company, has recently releases report titled "India Ceiling Tiles Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". The study provides a detailed analysis of the industry, including the India ceiling tiles market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the India Ceiling Tiles Market?

The India ceiling tiles market size reached INR 2,391 Crore in 2022. Looking forward, IMARC Group expects the market to reach INR 3,373 Crore by 2028, exhibiting a growth rate (CAGR) of 5.5% during 2023-2028.

Request for a PDF sample of this report: https://www.imarcgroup.com/india-ceiling-tiles-market/requestsample

Factors Affecting the Growth of the India Ceiling Tiles Industry: 

• Increasing Urbanization and Construction Activity:

The growth of the ceiling tile market in India is being significantly influenced by the rapid urbanization and construction activity. As the country's population continues to urbanize at a brisk pace, there is a corresponding surge in both residential and commercial construction. This development is driving the demand for ceiling tiles, particularly in metropolitan areas where modern infrastructure is continually expanding. The construction sector, a key contributor to the Indian economy, is embracing innovative and aesthetically appealing ceiling solutions, leading to a rise in the variety of ceiling tiles available in the market. These trends are continually shaping the ceiling tile industry, making it a dynamic and growing sector.

• Advancements in Material Technology and Aesthetics:

The evolution of material technology and aesthetics is playing a crucial role in the growth of India's ceiling tile market. Manufacturers are constantly innovating, developing lighter, more durable, and environmentally friendly materials. These advancements are not only enhancing the functional attributes of ceiling tiles, such as acoustic insulation and fire resistance but are also elevating their aesthetic appeal. The increasing consumer demand for stylish and sustainable building materials is driving these technological improvements. As a result, there is a growing preference for ceiling tiles among architects and interior designers, who are seeking both functional and decorative solutions for modern buildings.

• Government Policies and Economic Growth:

The Indian government's policies and the overall economic growth are significantly influencing the expansion of the ceiling tile market. Government initiatives promoting infrastructure development, such as the 'Smart Cities Mission', are creating numerous opportunities for the ceiling tile industry. These projects demand high-quality building materials, including ceiling tiles, to meet the standards of modern urban development. Additionally, the economic growth of India is leading to increased disposable incomes and a subsequent rise in demand for better-quality and aesthetically pleasing construction materials. The government's focus on sustainable development is also encouraging the use of eco-friendly materials, further fueling the growth of the ceiling tile market in India.

Leading Companies Operating in the India Ceiling Tiles Industry:

• Aerolite Industries Pvt. Ltd.
• AWI Licensing LLC
• Diamond International Inex Private Limited
• Everest Industries Limited
• Hunter Douglas India Pvt Ltd. (Hunter Douglas N.V.)
• India Gypsum Pvt. Ltd.
• Knauf AMF GmbH & Co. KG
• Ramco Industries Limited
• Saint-Gobain Gyproc India Ltd (Compagnie de Saint-Gobain S.A.)
• Techno Ceiling Products
• USG Boral Building Products India Pvt. Ltd
• VANS Gypsum Pvt. Ltd
• Visaka Industries Limited

Key Market Segmentation:

The report is organized into distinct sections as follows:

Regional Insights:

• South India
• West and Central India
• North India
• East India

Region wise, South India emerged as the largest market due to its robust construction activities, both in residential and commercial sectors.

By Product Type:

• Gypsum
• Mineral Fiber
• Metallic
• Calcium Silicate
• PVC
• Wood
• Others

By product type, gypsum represented the largest segment because of its cost-effectiveness, easy installation, and superior properties like sound insulation and fire resistance.

By Application:

• Non-Residential Applications
o Private Sector
o Public Sector

• Residential Applications

By application, non-residential represented the largest segment, driven by the increasing development of commercial spaces like offices, malls, and educational institutions.

India Ceiling Tiles Market Trends:

The growing construction industry in India is a key factor driving the expansion of the ceiling tiles market. Manufacturers are capitalizing on this growth by innovating with new materials and designs that cater to the aesthetic and functional preferences of Indian consumers. The significance of advancements in manufacturing technology is vital in producing ceiling tiles that not only enhance the visual appeal of spaces but also offer improved acoustic and environmental properties. Additionally, the diverse applications of ceiling tiles in commercial, residential, and industrial sectors align with the varied architectural demands in India, further propelling the market growth.

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=3312&flag=C

Other Key Points Covered in the Report:

• COVID-19 Impact
• Porters Five Forces Analysis
• Value Chain Analysis
• Strategic Recommendations

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Contact US:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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