According to the latest report by IMARC Group, titled “Ceiling Tiles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global ceiling tiles market reached a value of US$ 6.52 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.37 Billion by 2027, exhibiting at a CAGR of 4.05% during 2022-2027. Ceiling tiles are generally manufactured from clay, gypsum, fiberglass and perlite. They are widely utilized as a preferred alternative for cement-based ceilings as they offer excellent thermal protection, easy installation and better recyclability. Widely available in varied designs, colors and sizes, they are commonly used in the construction of residential and commercial spaces to offer an aesthetic appearance at an affordable rate.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Ceiling Tiles Market Trends:
The global market is primarily driven by significant growth in the construction industry. Along with this, the increasing investments by public and private agencies in infrastructural development projects across the globe are creating a positive outlook for the market. Moreover, innovative ceiling tiles that are manufactured using post-industrial recycled copper, tin and cherry woods are gaining widespread prominence among the masses due to the rising environmental concerns. Some of the other factors contributing to the market growth include the rising preference for aesthetically appealing ceilings and continual advancements in production technologies.
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/ceiling-tiles-market
Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- SAS International
- USG Corporation
- Odenwald Faserplattenwerk GmbH
Breakup by Application:
- Non-Residential Applications
- Residential Applications
Breakup by Product Type:
- Mineral Wool
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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