Prudor Co., Ltd. presents its latest research report titled “Ceiling Tiles: Decorative, Multifunctional and Green”.
The global market size of ceiling tiles in 2017 is projected to be USD 4,228.6 million. It is projected to grow at a CAGR of over 7% in terms of value during the forecast period 2017-2026.
Market introduction:
Ceiling tiles come in a wide variety of colors, patterns, shapes, sizes and styles and are made from a variety of materials and procedures. Ceiling tiles are used for interior design. It also has sound absorption and heat insulation properties. Other characteristics of ceiling tiles include fire resistance and heat insulation. It is also easy to maintain, repair and replace.
The ceiling tile industry uses processed raw materials of natural origin instead of virgin raw materials. Compared to virgin materials, the use of recycled raw materials lowers production costs, allowing manufacturers and vendors to sell their products at lower prices. This is projected to be the key factor propelling the global ceiling tile market. In addition, Brazil, Russia, India, China and South Africa (BRICS) countries have advanced infrastructure development and the number of commercial establishments is expected to increase during the forecast period, further boosting the growth of the global market. will be split.
The high construction cost of ceiling tiles is expected to hinder the expansion of the global ceiling tile market. Crude oil is used in the manufacture of ceiling tiles. Fluctuations in crude oil prices and fears of crude oil depletion are expected to present challenges for ceiling tile manufacturers. Therefore, it may hinder the expansion of the global market.
Technological advances such as low volatile organic compound (VOC) ceiling panels are expected to create lucrative opportunities for manufacturers.
Global Market Segment Analysis:
By product type
In 2017, mineral wool accounted for over 40% revenue share and is expected to maintain its dominance during the forecast period. Ceiling tiles are manufactured using biodegradable mineral wool and other natural ingredients. Mineral wool tiles are eco-friendly tiles that do not contain harmful or toxic substances.
The gypsum ceiling tile market is projected to grow at a CAGR of 7.9% during the forecast period, owing to its qualities such as environmental friendliness, light weight, high quality, fire resistance, waterproofness, corrosion resistance, and decorativeness.
by application
The commercial sector is expected to account for more than 50% of sales by the end of 2017 against the backdrop of emerging markets where infrastructure development is progressing. This is the most attractive segment for ceiling tile manufacturers to invest in and expand their business.
By region
The North American market is estimated to account for 50% revenue share by the end of 2017 and is expected to maintain its dominance during the forecast period. This is due to the region’s leading manufacturers and rapid infrastructure development. This is due to the region’s leading manufacturers and rapid infrastructure development.
With the increasing popularity of ceiling tiles in the residential sector and the key players offering a wide range of products, the North American market is expected to grow. Armstrong offers specialized products for the residential sector such as Baltic, Pinehurst and Wellington.
M&As by major manufacturers will also create potential business opportunities. For example, Rockfon offers its customers a complete range of ceiling systems, including Rockfon Rockwool, specialty metal ceiling panels and Chicago Metallic suspension systems.
In addition, increasing investment in construction and development by governments and private companies in the region is also expected to boost the growth of the North American market.
The USCensus Bureau announced total spending for October 2017 at US$1,241.5 billion (seasonally adjusted annual rate). It is estimated to be 2.9% higher than the previous year.
Total spending (seasonally adjusted annual rate)
Public sector: US$291.6 billion
Private sector: US$949.9 billion
Statistics Canada reported that total investment in new home construction was estimated at US$4.9 billion (July 2017). It is estimated to be 6.4% higher than the previous year.
In the global composite panel market, the Middle East and Africa market accounts for just over 2% revenue share (2016). The high adoption rate of gypsum ceiling tiles in Middle Eastern countries and the presence of multiple manufacturers and distributors are expected to drive growth in the Middle East and Africa region.
様々な規模のビジネスにおいて、重要な戦略的意思決定の支援を行っています。ヘルスケア、医療機器、ライフサイエンスに精通し、市場の動向を的確に予測しています。旅好きで、未開の地や場所の探索に情熱を注いでいます。自由な時間には、内省し、先の計画を立てることが好きです。
