Brand Story
26 May 2023, 02:29 GMT+10
Ceiling tiles are construction materials used to cover the ceiling of a room or space. They are made of various materials, including mineral fibres, metals, gypsum, and plastics, and come in a variety of sizes, shapes, and colours. They are primarily used to enhance a space's aesthetic appeal, provide acoustic insulation, and conceal wiring and ductwork.Several factors are driving the global ceiling tiles market, including the expansion of the construction industry, rising demand for energy-efficient buildings, and the rising trend of sustainable and eco-friendly building materials. Furthermore, improved indoor air quality and noise reduction in commercial and residential spaces are expected to drive market growth in the coming years.
Because of the high level of construction activity and the adoption of advanced building technologies, North America and Europe are expected to hold significant market shares. Due to rising demand for infrastructure development and urbanisation in countries such as China and India, the Asia-Pacific region is expected to have the highest growth potential in the coming years.
Download Free Sample Copy of this Report - https://www.factmr.com/connectus/sample?flag=S&rep_id=640
5 Key Projections on Future of Ceiling Tiles Market for Forecast Period 2018-2027
1- The market in Asia-Pacific excluding Japan (APEJ) is expected to spearhead the market in terms of sales expansion. Increasing foreign investments particularly in India and Southeast Asia, coupled with robust construction activities apropos information technology parks and new offices that is driven by the rise in working populace is a key factor propelling the market expansion in APEJ.
2- Among product types, mineral fiber will remain sought-after in the market on account of their noise reduction characteristics.
3- Commercial application of ceiling tiles will continue to account for leading revenue share of the market. This can be mainly attributed to commercial use-specific product launches by companies, for example - Rockfon's new stone wool ceiling panel for application in auditoriums, theatres, and restaurants.
4- Surface mount installation will remain preferred for ceiling tiles on their back of their operational convenience and user-friendly attributes.
5- Based on form, laminated ceiling tiles will continue to lead the market, in terms of both value and volume.
Competitive Landscape
The market for ceiling tiles is developing quickly, which increases competition for major players. Key market players have started introducing a wide range of products in order to take advantage of the upcoming opportunities.
For instance :
Key Companies Profiled
New Ceiling Tiles LLC
Get a daily dose of Albuquerque Express news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Albuquerque Express.
More InformationWASHINGTON, D.C.: In a significant ruling last week, the U.S. Supreme Court upheld a Texas law requiring age verification for users...
ISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...
VENICE, Italy: Over the weekend, hundreds of protesters marched through the narrow streets of Venice to voice their opposition to billionaire...
PARIS, France: France is taking stronger steps to reduce smoking. A new health rule announced on Saturday will soon ban smoking in...
WASHINGTON, DC - U.S. President Donald Trump on Tuesday claimed Elon Musk's success has been built on government subsidies. Without...
EVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
MENLO PARK, California: Robinhood is giving European investors a new way to tap into America's most prominent tech names — without...
NEW YORK, New York - U.S. stocks diverged on Wednesday for the second day in a row. The Standard and Poor's 500 hit a new all-time...
NEW YORK CITY, New York: The U.S. dollar continues to lose ground, weighed down by growing concerns over Washington's fiscal outlook...
KABUL, Afghanistan: Afghanistan, long associated with war and instability, is quietly trying to rebrand itself as a destination for...
SANTA CLARA, California: Executives at Nvidia have quietly been cashing in on the AI frenzy. According to a report by the Financial...
NEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...