Global Ceiling Tiles Market 2017-2021

Overview of the global ceiling tiles market

Technavio’s market study identifies the rise in demand for commercial buildings to be one of the primary growth factors for the ceiling tiles market. Developing countries are investing heavily in developing commercial spaces, institutional buildings, manufacturing plant construction, and public infrastructure. India is the major contributor to the construction industry. Demonetization has resulted in the Indian government reducing their fiscal deficit and this has encouraged consumers and builders to make increased investments in real estate.  Our market research analysts estimate that this market will grow steadily at a CAGR of almost 8% by 2021.

The increasing awareness towards the need of home décor, the rising home prices, and the growing disposable incomes are encouraging homeowners to increasingly invest in renovating and remodeling activities. Individuals are making huge investments towards renovating suspended ceiling panels. In addition to reducing noise and improving air quality, ceiling tiles also provide high light-reflectance. According to this industry research report, the increase in renovations and remodeling activities will be one of the key trends contributing towards the growth of the ceiling tiles market.

Competitive landscape and key vendors

The ceiling tiles market is highly fragmented due to the presence of several international and regional players. The regional players account for significant market shares in China due to the large availability of raw materials. The international players in the ceiling panels market focus on constant product innovation and technological improvements to attain a competitive advantage over their peers. Ceiling tiles vendors are increasingly focusing on developing environmental-friendly products to sustain the market’s competition.

The leading vendors in the market are -

• AWI
• Knauf
• Rockfon
• Saint-Gobain
• SAS International
• USG

The other prominent vendors in the market are Chicago Metallic, Foshan Ron Building Material Trading, Grenzebach BSH, Guangzhou Tital Commerce, Haining Chaodi Plastic, Shandong Huamei Building Materials, New Ceiling Tiles, Odenwald Faserplattenwerk, and Techno Ceiling Products.

Segmentation by end user and analysis of the ceiling tiles market

• Residential
• Non-residential

Increased investments in housing and hotel renovation projects, the growth in commercial constructions, and rapid urbanization across the world, will influence the demand for suspended ceiling tiles. The installation of ceiling tiles provides several benefits to the commercial spaces such as reduced noise, maintain air quality, keep the environment clean, and retain natural light in addition to, being cost-effective.

Geographical segmentation and analysis of the ceiling tiles market

• APAC
• Europe
• North America
• ROW

Builders in North America are increasingly focusing on using eco-friendly building options to reduce the carbon footprint. This will subsequently increase the demand for ceiling tiles in this region. The rising investments towards construction and renovation activities and the increasing awareness about the utilization of ceiling tiles in the residential sector, will be the major factors fueling the growth prospects of the ceiling tiles market in this region.

Key questions answered in the report include

• What will the ceiling tiles market size and the growth rate be in 2021?
• What are the key factors driving the global ceiling tiles market?
• What are the key ceiling tiles market trends impacting the growth of the market?
• What are the challenges to market growth?
• Who are the key vendors in the global ceiling tiles market?
• What are the market opportunities and threats faced by the vendors in the global ceiling tiles market?
• Trending factors influencing the market shares of the APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global ceiling tiles market?