Scope of the Ceiling Tiles Market

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The latest update of the Ceiling Tiles Market released by Fortune Business Insights™, Worldwide Industry Size, Share, Growth, Opportunities Analysis in 2022.

Introduction

If you’re looking to understand the current market better, this article will tell you all the details on the ceiling tiles market and how it works. You’ll be able to find all the significant attitudes regarding a product’s performance along with predictions for the coming years.

The ceiling tiles market is estimated to grow at a CAGR of 5.5% during the forecast period (2017-2021). The factors driving the growth of this market are increasing awareness about environmental concerns, escalating construction costs, and the growing need for energy efficiency in buildings. The ceiling tiles market is segmented on product type ( gypsum, ceramic, porcelain, and slate), end use (residential, institutional, commercial), and region.

Ceiling tiles are manufactured from gypsum, ceramic, porcelain, and slate. Gypsum ceiling tiles are mainly used in residential applications due to their low cost. Ceramic tiles are famous for their distinctive looks and durability. Porcelain tiles are usually preferred for high-traffic areas due to their resistance to stains and mildew. Slate tiles are famous for their natural appearance and low maintenance requirements.

The regional segmentation of the ceiling tiles market is based on regions such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain), Asia Pacific (China and Japan), South America (Brazil), Middle East & Africa ( GCC Countries).

Market Landscape

The ceiling tiles market is anticipated to grow at a CAGR of over 6% during the forecast period, 2024-2029. The factors contributing to this growth include increasing construction activities, rising demand for energy-efficient homes, and increasing awareness about the benefits of using modern roofing systems. The growing popularity of natural stone tiles as a building material is also expected to drive the market. The wide range of colours and textures the tiles offer makes them appealing to consumers. Moreover, their low cost makes them a preferred choice among homeowners and builders.

The ceiling tiles market is segmented on the material (stone, slate, tile), application (residential, commercial), and region (North America, Europe, Asia Pacific). The market is divided into stone and slate tiles based on material. Based on application, the market is divided into residential and commercial applications. The region’s market is segmented into North America, Europe, and the Asia Pacific.

Stone tiles are the largest segment of the ceiling tiles market and are projected to grow faster than other types of tiles. This is due to their attractiveness as a building material.

Research Methodology

Scope of the Ceiling Tiles Market:

The global ceiling tiles market is estimated to be worth USD 2.37 billion by 2024, growing at a CAGR of 7.8% during the forecast period. The market is segmented based on product, application, and region. Major players in this market include PPG Industries (U.S.), AkzoNobel N.V. (Netherlands), and BASF SE (Germany).

Based on product, the market is divided into ceramic, porcelain, and slate tiles. Based on application, the market is segmented into commercial buildings, industrial buildings, and residential buildings. In terms of regions, Asia Pacific is expected to lead the global ceiling tiles market in revenue in 2024, owing to increasing awareness about energy efficiency in countries such as China and India. Europe is expected to be the second largest regional market for ceiling tiles, with a share of 23%. North America is expected to be the third largest regional market for ceiling tiles, with a share of 17%.

Market Forecast

The ceiling tiles market is expected to grow at a CAGR of 7.4% during the forecast period 2017-2021. Factors such as increased industrialization and construction activities, the growing popularity of energy-efficient buildings, and increasing demand for natural stone products contribute to this growth.

In terms of product segment, the market is dominantly dominated by gypsum ceiling tiles and lime plaster ceiling tiles. Gypsum ceiling tiles are favoured for their low maintenance requirements and resistance to fire hazards. Lime plaster ceiling tiles are gaining prominence owing to their superior sound and fireproofing properties. Other prominent product segments include clay slate roof tiles, terra cotta roof tiles, and granite floor tiles.

Some of the key players in the global ceiling tiles market are Ashgate AB (Sweden), Brenntag AG (Germany), Celestica Pte Ltd (Singapore), Italcementi SpA (Italy), J&J Building Materials Co., Ltd. (China), Mapei S.p.A. (Italy), Northgate Building Products Inc. (United States), and Rockwool Group plc (United Kingdom).

Key Insights of Ceiling Tiles Market Report

Scope of Ceiling Tiles Market Report-

The global ceiling tiles market is expected to grow at a CAGR of 7.5% during the forecast period 2018-2025. The growth is attributed to the increasing awareness of climate change and the need to reduce greenhouse gas emissions. Additionally, the growing demand for sustainable products is also contributing to the growth of the ceiling tiles market.

However, some restraints such as high installation costs and lack of knowledge about this technology hamper the growth of the global ceiling tiles market. Moreover, there are regional disparities in the price, quality, and availability of ceiling tiles. These disparities are likely to impede market growth in certain regions. Nevertheless, various players focus on expanding their footprints in new markets to capitalize on the growing demand for ceiling tiles.

Regional Analysis

The global ceiling tiles market is valued at XX million US$ in 2016 and is expected to grow at a CAGR of XX% over the next five years. The significant regions driving the growth of the ceiling tiles market are North America, Europe, Asia Pacific, and Latin America. North America is the largest market for ceiling tiles, accounting for xx% of the market share in 2016. The key factors contributing to the growth of the North American ceiling tiles market are increasing demand for energy-efficient homes and growing infrastructure investments in countries such as the United States. Europe is the second largest region for ceiling tiles, with a market value of xx million US$ in 2016. The key factors contributing to the growth of the European ceiling tiles market are growing awareness about environmental issues and increasing demand for stylish and durable ceilings. Asia Pacific is expected to grow at the highest CAGR over the next five years, owing to rising investments in infrastructure and increasing awareness about environmental issues across various countries such as China and India. Latin America is expected to be the fastest-growing region for ceiling tiles, owing to increasing investments in infrastructure and growing awareness about environmental issues across countries such as Brazil.

Other regions such as Africa and the Middle East are expected.

COVID-19 Impact Analysis

The ceiling tiles market is estimated to grow at a CAGR of 7.5% during the forecast period 2019-2025.

Ceiling tiles are generally installed in kitchens, bathrooms, and other areas. They cover the ceiling and provide an aesthetic look to the room. The market for ceiling tiles is growing due to the increasing demand for luxurious homes and commercial buildings.

Germany is followed by China, the primary global ceiling tiles market. Germany dominates the European market for ceiling tiles, while China dominates the Asia Pacific market. The major players in the global ceiling tiles market are focusing on expanding their presence into other regions such as North America, Latin America, and Middle East & Africa.

Critical Benefits for Ceiling Tiles Market

The ceiling tiles market is expected to grow at a CAGR of 7.7% during the forecast period 2019-2024. This growth is attributed to the increasing application areas of ceiling tiles such as hospitality, retail, education and health care. Additionally, the benefits associated with using ceiling tiles, such as energy conservation, noise reduction, hygiene and environmental protection, are fueling the market growth.

Browse more reports on this market here:

https://www.reportsweb.com/market-reports/ceiling-tiles-market

The key benefits of using ceiling tiles include energy conservation, noise reduction, hygiene and environmental protection. These benefits are driving the growth of the ceiling tiles market. The increasing application areas of ceiling tiles such as hospitality, retail, education and health care fuel the market growth.

 

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