Brand Story
26 May 2023, 06:59 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 Raleigh Times 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 Raleigh Times.
More InformationNEW YORK, New York - U.S. stocks surged on Friday on the debt ceiling resolution and a strong jobs report.Nonfarm ...
SANTA CLARA, California: As investors piled more capital into Nvidia, the chipmaker that has become one of the biggest winners ...
PARIS, France: France has celebrated the groundbreaking for the first of four battery manufacturing gigafactories, which European and Asian companies ...
DUBLIN, Ireland: Ireland saw a 20.0 percent increase in people arriving from overseas in April 2023, compared to April 2022, ...
NEW DELHI, India: Indian federal police documents indicate that the country has filed a graft case against the UK's BAE ...
NEW YORK, New York - U.S. stocks rallied sharply on Thursday after the House of Representatives passed the controversial bill ...
PORTLAND, Maine: Fishermen in the US's only commercial-scale fishing industry for valuable baby eels, called elvers, have recorded a productive ...
JEFFERSONVILLE, Indiana: Randy Lankford, owner of Lankford Funeral Home and Family Center in Jeffersonville, Indiana, has pleaded guilty to more ...
LOS ANGELES, June 2 (Xinhua) -- As cases of COVID-19, flu and respiratory syncytial virus (RSV) were winding down across ...
Jean Segura hit the tying single in the bottom of the ninth off the San Diego Padres' star closer Josh ...
Cal Raleigh lined a single to right field to score Jose Caballero from second base in the bottom of the ...
Florida programs are back on the college football map in Week 1 of the 2023 season. Florida will visit Utah ...