Press release
Ceiling Tiles Market Outlook to 2023 Update 2017-Market Trends Regulations and Competitive Landscape
Global Ceiling tiles Market:Geographically, the global ceiling tiles market has been divided into four major regions of North America, Europe, Asia Pacific and Rest of the World. North America region, has accounted for the largest market share, in 2017, followed by Europe and Asia Pacific. Increasing demand for low maintenance building products, is driving the growth of the market in North America region. U.S. is the largest contributor in global as well as North America ceiling tiles market. Strong development in commercial and residential structures in the U.S., is anticipated to fuel the demand for market in the region. Additionally, consumer preference for green buildings and sustained investments in commercial real estate, have also had a positive influence on the growth of the market. Europe is the second-largest market for ceiling tiles. Increasing repair and rehabilitation activities of existing infrastructure have a huge potential for market in the future.
Asia Pacific is expected to grow at the highest CAGR during the forecast period. China, Japan, India, and Singapore are the major market in Asia Pacific region. Growing residential and non-residential construction activities in the region, are driving the growth of the market. Additionally, growing awareness about green construction among consumers, is also expected to provide huge opportunities for market growth. In rest of the world, Middle East region is expected to contribute, significantly, during the forecast period, mainly due to changing lifestyle and development of the hotels. This is a result of the increasing government initiatives regarding the tourism industry in these regions.
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Market Study Influence:
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. However, availability of substitutes and fluctuating prices of raw material, may restrict the growth of the market.
For the purpose of this study, the global ceiling tiles market has been divided on the basis of products, installation types and applications. On the basis of product, 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, which have noise reduction characteristics and are highly used 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 the ceiling surface using adhesive.
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.
By Product
• Mineral Wool
• Metal
• Gypsum
• Wood
• Others
By Installation Type
• Drop In
• Glue Up Wall
Application
• Residential
• Non-residential
By Region
• North America
• Asia-Pacific
• Europe
• Rest of the World
Key Players:
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),
The ReWall Company, LLC (U.S.).
Browser Page Ceiling Tiles Link@ https://www.marketresearchfuture.com/reports/ceiling-tiles-market-4775
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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