Ceiling Tiles Market Demand to Reach USD 14,389.2 million by 2033, Driven by Sustainability and Green Building Initiatives

The ceiling tiles industry size is expected to reach USD 7,923.3 million by 2023 and USD 14,389.2 million by 2033, growing at a 6.1% CAGR. The growth in the construction and building industry has stimulated ceiling tile manufacturers to prosper. Ceiling tiles are becoming more popular throughout the world due to an increasing emphasis on decorating interiors and exteriors in commercial, industrial, and other fields.

Commercial construction is expected to expand in light of the increase in skyscrapers, hospitals, colleges, and shopping malls. According to predictions, the market will grow due to factors including the growing demand for thermal insulation and acoustic insulation. Metalworks ceilings are often constructed from aluminum, which can contain up to 98% recycled material. Construction waste is reduced by metal ceilings, which are reclaimable after their use and have a long lifespan. In addition, perforated panels with acoustical backing can also improve indoor environmental quality with metal ceilings by reducing reverberation time and enhancing acoustics, both of which can reduce the cost of energy consumption.

Know more about this geographical distribution along with a detailed analysis of the top regions: https://www.futuremarketinsights.com/reports/sample/rep-gb-11097

A sustainable ceiling may be constructed from recycled and recyclable materials, or from components that are environmentally friendly in the extraction, manufacture, and transportation process. In addition to being more sustainable, a durable ceiling does not have to be replaced as often as an inflexible ceiling. The Mineral & fiberglass ceiling tiles are a great option since they are stable under low to high frequencies. Ceiling tiles manufactured from mineral fibers tend to have a lower noise reduction coefficient (NRC) and a higher ceiling attenuation classification (CAC). Ceiling tiles made of fiberglass will keep a room quieter than mineral fiber ones. In addition to being moisture-resistant and sagging-resistant, fiberglass panels offer low density.

"A growing concern for the environment is encouraging major construction companies to use sustainable ceiling tiles, offering manufacturers a chance to expand their product lines,", says an FMI analyst.

Key Takeaways

- Approximately two-fifths of revenue in 2023 came from mineral fiber/gypsum ceiling tiles
- Installed ceiling tiles are expected to enjoy an increase in demand in the future
- The commercial market will account for over 90% of sales by 2033.
- Drop ceiling tile is installed, its popularity is expected to skyrocket, due to its ease of installation against the backdrop of an explosion in popularity.
- The development of infrastructure in India and China will spur sales.
- The United States is expected to achieve significant growth in the coming years, backed by a positive housing market.
- Regulations requiring periodic upgrades in ceiling material to lead the UK market's growth.

Competitive Landscape

The ceiling tile industry faces intense competition around the world. Their leading position in the highly competitive market will be maintained by offering a cost-effective and broader product line.

The key industry players are

Armstrong World Industries
USG Corporation
Compagnie de Saint-Gobain S.A. i
Hunter Douglas N.V.
SAS International
Rockfon, LLC
Odenwald Faserplattenwerk GmbH
Knauf AMF GmbH & Co. KG
Dexune
durlum GmbH
Techno Ceiling Products
Credence Industries
Prolad India Pvt. Ltd
India Gypsum Pvt. Ltd
Bangzheng International (KET Ceiling)

Market Developments Include:

- In April 2023, Rockfon will unveil acoustic ceilings that reflect current trends in nature and wellness. Stone wool ceiling panels from Rockfon are not only beautiful but also support healthy acoustics and environmental quality in interior spaces. "Colors of Wellbeing" is a collection of matte-finished Rockfon® Chicago Metallic ceiling suspension systems and Rockfon Color-all acoustic stone wool ceiling panels.
- In May 2023, Woven Image will introduce Fuji, a range of ceiling tiles for spaces with raw concrete interiors that improve sound quality. With industrial materials surfaces and exposed ceilings, the Fuji collection is a perfect choice for commercial offices that are becoming increasingly trendy. Compared to flat panels, tiles, or baffle systems, these tiles have concave three-dimensional shapes that offer better acoustic performance.

Browse the Complete Report! https://www.futuremarketinsights.com/reports/ceiling-tiles-market

Ceiling Tiles Market Outlook by Category

By Material Type:

Mineral Fiber
Metal
Wood and Engineered Wood
Gypsum
Others

By Installation Type:

Suspended
Surface Mounted

By End Use:

Residential
Apartment Buildings
Individual Residences (Villas, Row Houses, Bungalows)
Commercial
Retail
Hospitality, Leisure & Entertainment
Offices
Healthcare
Educational Institutions
Others
Industrial

By Region:

North America
Latin America
East Asia
South Asia & Pacific
Western Europe
Eastern Europe
Central Asia
Russia & Belarus
Balkan & Baltic Countries
Middle East & Africa

Old Source: https://www.globenewswire.com/fr/news-release/2023/06/13/2687029/0/en/Ceiling-Tiles-Market-is-Anticipated-to-Reach-US-140-Billion-by-Rising-at-a-CAGR-of-14-8-during-the-forecast-period-of-2023-to-2033-Future-Market-Insights-Inc.html

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This release was published on openPR.