Global Ceiling Tiles Market Analysis and Forecast showing 8.2% CAGR by 2023, Key Players- Armstrong World Industries, Knauf, Grenzebach BSH GmbH, USG Corporation

Market Highlights
The increase in the home improvement and the renovation projects in developed countries are driving huge opportunities for the growth of the market. Ceiling tiles are generally used everywhere such as the retail store, offices, hospitals, building perimeter, hotels, and transportation terminals. Growing demand for decorative interior and low maintenance building products, is also expected to generate growth for the market.

Market Research Analysis

For this study, the global ceiling tiles market has been divided, based on products, installation types and applications. On the basis of products, the market has been segmented as mineral wool, metal, gypsum, wood and others. Among products, mineral wool accounted for the largest market share. Mineral wool includes fibers derived from slag, rock, and glass wool. These have noise reduction characteristics and are highly utilized in commercial spaces that are exposed to noisy surroundings. Gypsum is the second largest product type of the market. Now a days, new eco-friendly gypsum based construction materials have come up, which are expected to fuel the demand of the gypsum product. Based on installation type, the market has been segmented as drop in, and glue up. In glue up, ceiling tiles are attached, directly to a ceiling surface using adhesive.

On the basis of application, the market has been segmented as residential and non-residential. Non-residential dominates the application segment of the market and is expected to grow at the highest CAGR during the forecast period. Ceiling tiles are installed in numerous sub-applications within the non-residential construction sector, in corporate offices, healthcare centers, retail & grocery stores, and educational institutions. They are also installed in cafeterias, hotels, gymnasiums, and airport terminals. Residential is the second largest application segment of the market. Non-residential application is expected to contribute significantly during the forecast period.

Scope of the Report
This study provides an overview of the global ceiling tiles market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global ceiling tiles market by product, by installation type, by application, and region.

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The Prominent Players in the ceiling tiles market include Armstrong World Industries, Inc. (U.S.), Knauf (Germany), Grenzebach BSH GmbH (Germany), Rockfon (U.S.), USG Corporation (U.S.), Saint Gobain S.A. (France), SAS International (U.K.), Odenwald Faserplattenwerk GmbH (Germany), Hunter Douglas (The Netherlands), Burgess CEP (U.K.)., Decorative Ceiling Tiles, Inc. (U.S.), VANS Gypsum Pvt Ltd (India), and The ReWall Company, LLC (U.S.).

The report for Global Ceiling Tiles Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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