Deerfield Beach, FL, June 20, 2017 (GLOBE NEWSWIRE) — Zion Market Research, the market research group announced the analysis report titled “Ceiling Tiles Market (Mineral Wool, Metal, Gypsum and Others) for Commercial, Healthcare, Educational, Industrial and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast 2014 – 2020”.
According to the ZMR (Zion Market Research) Market Data, Global Ceiling Tiles Market will reach $30.0 Billion with 9% annual increase by 2020.
Primarily ceiling tiles are made from mineral fiber, but other materials are available, such as fiberglass. Ceiling tiles, also known as ceiling panels are lightweight construction materials, which are used to cover ceiling area. These lightweight tiles are used for interiors of buildings, placed in an aluminum grid; they provide tiny thermal insulation but are usually designed to improve the acoustics of a room. Ceilings tiles are mostly used in the construction industry, which is segmented into commercial, residential, and industrial applications. Ceiling tiles are generally used in, retail stores, transportation terminals, building perimeter, drywall grid systems offices, hotels, and hospitals.
Browse through 58 Market Tables and 23 Figures spread through 102 Pages and in-depth TOC on “Global Ceiling Tiles Market- Industry Analysis, Size, Growth, Trends, Segment and Forecast 2014-2020”.
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Globally, the demand for ceiling tiles has been driven by the construction industry over the past few years. The Global ceiling tiles market segmented into products and applications. On the basis of product type, ceiling tiles market is segmented as mineral wool, metal, gypsum, wood and other. The market is mainly driven by mineral wool, and accounted for over 40% of the total market share in 2014, due to its properties such as fire safety, high performance, thermal insulation and noise reduction. Gypsum tiles market is expected to exhibit fastest growth rate during the forecast period.
Ceiling tiles, also known as ceiling panels are lightweight construction materials which are used to cover a ceiling area. These lightweight tiles are used in the interior of buildings, placed in an aluminum grid. Ceiling tiles provide tiny thermal insulation but are usually designed to improve the acoustics of a room. Ceiling tiles made up of mineral fiber are prevalent in the market. However, some other materials are also used in the production of ceiling tiles include fiberglass. Gypsum and mineral wool are the key raw materials used in the manufacture of ceiling tiles. Ceiling tiles are generally used in a retail store, offices, hospitals, building perimeter, drywall grid systems, hotels and transportation terminals.
Browse the full “ Ceiling Tiles Market (Mineral Wool, Metal, Gypsum and Others) for Commercial, Healthcare, Educational, Industrial and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast 2014 – 2020” report at http://www.marketresearchstore.com/report/ceiling-tiles-market-z37351
Strong growth of building & construction industry across the world has remained major driving force for the ceiling tiles market. Construction is major application market for the ceiling tiles. The demand for construction in housing as well as commercial sector is growing due to several factors which include urbanization, rising per-capita income and spending and GDP growth among others. Revival in global economy coupled with increased construction activity in Asia Pacific region is expected to propel demand for the ceiling tiles during the forecast period. Another significant demand driver is associated with the logistics of waste management such as the reduced carbon impacts regarding waste material transports and extraction/processing of raw materials to manufacture new ceiling tiles. Ceiling tiles manufacturing process consumes a vast amount of energy. The energy requirement for the manufacturing of ceiling tiles is mainly generated using crude oil. Continuously fluctuating crude oil prices is expected to present a major challenge for the manufacturers of the ceiling tiles.
Mineral wool, metals, gypsum, and others are the key product segments of the ceiling tiles market. The Global ceiling tiles market was dominated by the mineral wool product segment with around 40% share of the total market in 2014. Mineral wool ceiling tiles are most widely used across different ends application markets such as retail stores, hospitals, schools, and offices. Gypsum is the second largest product segment of the ceiling tiles market and is expected to exhibit fastest growth rate during the forecast period.
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Ceiling tile market is segmented based on its applications such as commercial, healthcare, educational, industrial and others. With around one-third share, commercial segment accounted for the largest share of the Global ceiling tiles market in 2014. It is also expected to be one of the fastest growing end application market ceiling tiles. Ceiling tiles market was led by North America with a large share in volume consumption. Asia Pacific is expected to post rapid CAGR owing rising construction activity in the region.
Some of the key industry participants in Ceiling tiles market include Knauf, Armstrong Worldwide Industries Inc., OdenwaldFaserplattenwerk GmbH (OWA), LLC, Saint-Gobain SA, ROCKFON , Chicago Metallic Corporation, Shandong Huamei Building Materials Co., Ltd., Foshan Ron Building Material Trading Co., Ltd., Haining Shamrock Import & Export Co., Ltd., HainingChaodi Plastic Co. Ltd., Guangzhou Tital Commerce Co. Ltd. and SAS International.
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Ceiling Tiles market: Product Segment Analysis
- Mineral wool
- Others (Wood, plastics, etc.)
Ceiling Tiles market: Application Segment Analysis
Ceiling Tiles market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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