Global Ceiling Tile market share 2024, Forecast To 2033
26 Jan, 2024
The ceiling tile market has experienced robust growth, rising from $8.1 billion in 2023 to $8.77 billion in 2024, with an 8.3% CAGR. Historic growth is attributed to increased commercial construction, aesthetic appeal focus, fire safety regulations, residential renovations, and rapid urbanization. Looking forward to 2028, the market is projected to reach $12.06 billion, maintaining an 8.3% CAGR. Anticipated growth drivers include a focus on energy efficiency, noise pollution concerns, health and wellbeing considerations, sustainability, and residential construction growth. Key trends encompass technological advancements, smart ceiling tiles, home automation integration, customized product adoption, and ongoing product innovations.
Global Ceiling Tile Market Key Driver
The expansion in construction activities plays a significant role in propelling the growth of the ceiling tile market. As the construction industry, including high-end apartments and skyscrapers, surges in developing countries, the demand for premium ceiling tiles rises. Oxford Economics forecasts an 85% growth in construction output volume by 2030, with major contributions from China, India, and the USA. Hence, the increase in construction activity is a driving force for the ceiling tile market, shaping its growth in 2023, 2024, and beyond.
Get A Free Sample Of The Global Ceiling Tile Market ReportGlobal Ceiling Tile Market Segments
The global ceiling tile market covered in this report is segmented –
1) By Installation: Surface Mount, Drop or Suspended
2) By Material Type: Mineral Wool, Metal, Gypsum, Other Materials
3) By Form: Laminated, Fissured, Patterned, Plain, Textured, Coffered
4) By Application: Residential, Commercial, Industrial, Institutional
Major Ceiling Tile Industry Players
Rockwool International A/S, USG Corporation, Hunter Douglas N.V., SAS International Ltd., Odenwald Faserplattenwerk GmbH, Knauf Gips KG, Saint Gobain India Pvt. Ltd., Byucksan Corporation, KET Ceilings, AWI Licensing LLC, New Ceiling Tiles LLC, CertainTeed Corporation, HIL Limited, Rockfon LLC, Armstrong World Industries Inc., Haining Shamrock Import & Export Co. Ltd., Georgia-Pacific LLC, Gypsum Management and Supply Inc., National Gypsum Company, Acoustic Ceiling Products LLC, Ceilume, Chicago Metallic Corporation, Decoustics, Ecophon, Foshan Ron Building Material Trading Co. Ltd., Guangzhou Titan Commercial Co. Ltd., Haining Chaodi Plastic Co. Ltd., Knauf Danoline A/S, Hunter Douglas Architectural, OWA Ceiling Systems GmbH, Shandong Huamei Building Materials Co. Ltd.
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Ceiling Tile Market Overview
Ceiling tiles are low-weight construction materials used for covering ceilings. Ceiling tiles, also known as ceiling panels, drop ceilings, and suspended ceilings, are generally aligned in a steel or aluminum grid, as they provide some thermal insulation but are usually designed to improve the aesthetics and acoustics of a room.
Ceiling Tile Global Market Report 2023 provides data on the global ceiling tile market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The ceiling tile market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.