Press release
Ceiling Tile Market Segments 2024-2033 | Size, Share And Insights
Ceiling Tile Market
As per the report, the ceiling tile market size has grown strongly in recent years. It will grow from $8.1 billion in 2023 to $8.77 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The ceiling tile market size is expected to see strong growth in the next few years. It will grow to $12.06 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%.
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Construction Boom Fuels Substantial Growth In The Ceiling Tile Market
The increase in construction is significantly contributing to the growth of the ceiling tile market going forward. Construction is the process of building, altering, repairing, remodeling, improving, or demolishing any structure. The rise of high-end apartments, houses, and skyscrapers in developing countries is driving the growth of premium ceiling tiles. For instance, according to Oxford Economics, a UK-based company that provides global economic forecasting, the volume of construction output is expected to grow by 85% by 2030. The major countries contributing to this growth are China, India, and the USA. Therefore, the increase in construction is driving the ceiling tile market growth.
Innovative Products Redefining The Ceiling Tile Market Spotlight On Clearone's Bma 360D
Product innovations have emerged as the key trend gaining popularity in the ceiling tile market. Companies manufacturing ceiling tiles are developing innovative products to strengthen their positions in the market. For instance, in June 2023, ClearOne Communications Inc., a US-based network streaming, conferencing, and collaboration solutions company, launched BMA 360D, the world's most sophisticated beamforming microphone array ceiling tile. The BMA 360D provides unparalleled audio performance as well as native interoperability with any Dante-enabled DSP mixer.
The ceiling tile market covered in this report is segmented -
1) By Installation: Surface Mount, Drop or Suspended
2) By Material Type: Mineral Wool, Metal, Gypsum, Other Materials
3) By Form: Laminated, Fissured, Patterned, Plain, Textured, Coffered
4) By Application: Residential, Commercial, Industrial, Institutional
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Major companies operating in the ceiling tile market include Rockwool International A/S, USG Corporation, Hunter Douglas N.V., SAS International Ltd., Odenwald Faserplattenwerk GmbH, Knauf Gips KG, Saint Gobain India Pvt. Ltd., Byucksan Corporation, KET Ceilings, AWI Licensing LLC, New Ceiling Tiles LLC, CertainTeed Corporation, HIL Limited, Rockfon LLC, Armstrong World Industries Inc., Haining Shamrock Import & Export Co. Ltd., Georgia-Pacific LLC, Gypsum Management and Supply Inc., National Gypsum Company, Acoustic Ceiling Products LLC, Ceilume, Chicago Metallic Corporation, Decoustics, Ecophon, Foshan Ron Building Material Trading Co. Ltd., Guangzhou Titan Commercial Co. Ltd., Haining Chaodi Plastic Co. Ltd., Knauf Danoline A/S, Hunter Douglas Architectural, OWA Ceiling Systems GmbH, Shandong Huamei Building Materials Co. Ltd.
Contents of the report:
1. Executive Summary
2. Ceiling Tile Market Report Structure
3. Ceiling Tile Market Trends And Strategies
4. Ceiling Tile Market - Macro Economic Scenario
5. Ceiling Tile Market Size And Growth
…..
27. Ceiling Tile Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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