Ceiling Tiles Market Size, Share & Trends Report

Ceiling Tiles Market Size, Share & Trends Analysis Report By Product (Mineral Wool, Metal, Gypsum), By Application (Non-residential, Residential, Industrial), And Segment Forecasts, 2021 - 2028

  • Published Date: Mar, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-1-68038-890-9
  • Format: Electronic (PDF)
  • Historical Data: 2017 - 2019
  • Number of Pages: 108

Report Overview

The global ceiling tiles market size was estimated at USD 5.93 billion in 2020. It is expected to expand at a compounded annual growth rate (CAGR) of 8.8% from 2021 to 2028. The market is expected to be driven by growth in the commercial construction industry driven by the construction of new office complexes, institutional buildings, healthcare facilities, and malls across the globe. The market growth is expected to rise with increasing demand for acoustic and thermal insulation, rising disposable income in developing countries, and changing consumer preferences towards aesthetics of the home and office buildings. The usage of sustainable and innovative construction solutions involving the usage of eco-friendly materials for making ceilings, floors, and walls, is expected to benefit the market dynamics, over the forecast period.

U.S. ceiling tiles market size, by product, 2017 - 2028 (USD Billion)

The market growth in the U.S. is expected to be driven by the opening of several new commercial construction projects in the country, such as offices, healthcare, educational facilities, airports, and hotels. Furthermore, change in consumer preferences in the commercial space designs coupled with rising trends for soundproof interiors is anticipated to promote the usage of mineral wool-based ceiling tiles in the country.

The market involves a strong presence of several large and small level raw material suppliers for mineral fibers, metals, gypsum, fiberglass, plastics, and wood. The manufacturers are adopting backward and forward integration strategies, to gain control over raw material quality to be used for making tiles and also to expand their customer reach by controlling over distribution networks.

The Industry is expected to witness substantial growth, owing to investment by several companies such as Armstrong Ceiling, Knauf, and ROCKWOOL INSULATION A/S for the development of ceiling tiles with high fire resistance properties. This can be attributed to the rising trends for safe construction of residential, commercial, and industrial complexes.

The growing awareness regarding the usage of eco-friendly building materials is estimated to promote green building practices in developed economies from North America and Europe, and major developing regions in the Asia Pacific. Furthermore, the rising adoption of reuse and recycling of building materials by key players is expected to propel market growth in the forthcoming years.

Product Insights

Mineral wool segment inclusive of fiberglass, cast mineral fiber, and wet felt led the product segment and accounted for about 42% of the revenue in 2020. This is attributed to the superior characteristics such as less weight, acoustic insulation, recyclability, and thermal insulation, leading to an increase in product usage in several end-use industries.

Tin, aluminum, and steel are the commonly incorporated metals in manufacturing, offering a clean, hi-tech, and crisp interior display, and are available in several colors. Ceiling tiles made of powder-coated metals offer better finishing along with great corrosion resistance, thus driving the demand over the forecast period.

Gypsum accounted for a major share in revenue in 2020 and is expected to witness a CAGR of 8.8% over the projected period. This is attributed to the numerous benefits provided by these tiles, such as easy installation, less weight on structure, and easy repair and maintenance. These tiles are widely used in several modern office complexes in the U.S for aesthetical feature enhancement.

Rapidly increasing demand for different types of ceiling tiles is anticipated to increase the pressure on materials like gypsum, metals, and mineral wool. The market of ceiling tiles made up of other materials such as polycarbonate, wood, and PVC is expected to witness stabilized growth over the coming years, to decrease the utilization rate of commonly used materials.

Application Insights

Non-residential application led the ceiling tiles market and accounted for about 92% share in revenue in 2020. This is attributed to the rapidly rising construction activities of commercial buildings around the globe. Investments in several developing countries such as India, Brazil, and South Korea towards the development of the non-residential construction industry are expected to drive the market growth over the forecast period.

Ceiling tiles are widely used in several commercial places such as hospitality, healthcare, and retail in medical hallways, corridors, operation theatres, diagnostic centers, and clinics. These tiles are majorly used for highlighting of aesthetics of commercial and cultural buildings and for enhancing the thermal & acoustic insulation properties.

Global ceiling tiles market share, by application, 2020 (%)

The residential application segment is expected to witness significant market growth over the coming years, due to the increase in expenditure towards repair and renovations in the housing sector. High growth in residential construction activities across the globe, coupled with rising trends of urbanization in several developing countries is expected to open new opportunities for industry growth over the forecast period.

An increase in the green buildings construction industry in several economies in Europe and North America is expected to lead to increased consumption of eco-friendly ceiling tiles. Several key players in the market are emphasizing on development of ceiling tiles made up of materials such as recycled wood and slag wool, which have very less manufacturing and processing costs and are also eco-friendly.

Regional Insights

North America led the market and accounted for about 34% of the share in global revenue in 2020, on account of high product adoption in the non-residential construction industry. Technological innovations in this sector coupled with increasing needs for high thermal and acoustic insulation are expected to play a major role in the rising product demand in the region.

The U.S. accounted for a significant share in North America in 2020, owing to rising consumer preferences towards the renovation of houses, and increasing adoption of soundproof and decorative interior materials in several commercial buildings such as business centers, malls, clubs, and restaurants. The growth in the residential industry, primarily in single-family housing, is an important factor driving the market growth in the forthcoming years.

Europe accounted for a major share in 2020 and is expected to expand at a CAGR of 7.2% over the forecast period. This is attributed to rising product demand due to the presence of a well-established construction sector in the region, equipped with sustainable construction technologies.

The demand in Asia Pacific is expected to register a CAGR of 10.3% owing to rising consumer disposable income in several developing countries in the region, leading to the adoption of modern construction practices. Factors such as urbanization, population growth, and renovation activities in cultural and commercial places for increasing their aesthetical and acoustical properties are expected to drive product demand over the forecast period.

Key Companies & Market Share Insights

The industry exhibits the presence of a large number of global and local players providing a diversified range of products, thus leading to high competition in the industry. The key industry participants include Hunter Douglas, Inc.; USG Corporation, Rockwool International A/S; AWI Licensing LLC; and Saint-Gobain S.A.

The players have a strong presence in Europe and North America, as well as in developing countries in the Asia Pacific such as China, India, South Korea, and Thailand. These key players follow strategies such as forward and backward integration to control the quality and properties of the raw materials used for making these tiles, and the expansion of their distribution networks, to reach a wide customer base. Some prominent players operating in the global ceiling tiles market include:

  • AWI Licensing LLC

  • USG Corporation

  • Knauf Gips KG

  • ROCKWOOL International A/S

  • Odenwald Faserplattenwerk GmbH

  • Saint-Gobain Gyproc

  • SAS International

  • BYUCKSAN

  • HIL Limited

  • Hunter Douglas

  • KET Ceilings

Ceiling Tiles Products Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 6.29 billion

Revenue forecast in 2028

USD 11.66 billion

Growth Rate

CAGR of 8.8% from 2021 to 2028

Base year for estimation

2020

Historical data

2017 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million/billion, volume in million square meters, and CAGR from 2021 to 2028

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Austria; Poland; Belgium; Switzerland; China; India; Japan; Indonesia; South Korea; Brazil

Key companies profiled

AWI Licensing LLC; USG Corporation; Knauf Gips KG; ROCKWOOL International A/S; Odenwald Faserplattenwerk GmbH; Saint-Gobain Gyproc; SAS International; BYUCKSAN; HIL Limited; Hunter Douglas; KET Ceilings

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For this study, Grand View Research has segmented the global ceiling tiles market report based on product, application, and region:

  • Product Outlook (Volume, Million Square Meters; Revenue, USD Million; 2017 - 2028)

    • Mineral Wool

    • Metal

    • Gypsum

    • Others

  • Application Outlook (Volume, Million Square Meters; USD Million; 2017 - 2028)

    • Non-Residential

    • Residential

    • Industrial

  • Regional Outlook (Volume, Million Square Meters; Revenue, USD Million; 2017 - 2028)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Spain

      • Russia

      • Poland

      • Belgium

      • Austria

      • Switzerland  

    • Asia Pacific

      • China

      • India

      • Japan

      • Indonesia

      • South Korea

    • Central & South America

      • Brazil

    • Middle East & Africa

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