Ceiling Tiles Market Size, Share & Trends Analysis Report By Application (Residential, Non-residential, Industrial), By Product (Metal, Mineral Wool, Gypsum), By Region (EU, APAC, North America), And Segment Forecasts, 2022 - 2030

Report Overview

The global ceiling tiles market size was estimated at USD 6.30 billion in 2021 and is expected to register a compound annual growth rate (CAGR) of 9.3% over the forecast period. The market is expected to be driven by rising commercial construction activities like office complexes, institutional buildings, and healthcare facilities across the world. Moreover, increasing disposable income in emerging economies, rising demand for thermal & acoustic insulation, and consumer focus on aesthetics of office and home buildings are expected to boost the product demand, thereby augmenting the market growth. In addition, the usage of innovative and sustainable construction solutions involving eco-friendly materials for floors, ceilings, and walls, is expected to benefit the market dynamics over the forecast period.

The recovery of the construction industry in the U.S. has a positive impact on product demand with increasing commercial construction projects in the country. In addition, changing consumer behavior along with increasing alternatives for soundproof and decorative interiors in commercial complexes is expected to promote the growth of the mineral wool segment in the country. The market illustrates the strong presence of various raw material suppliers that are engaged in offering metals, mineral fiber, fiberglass, gypsum, wood, and plastics. In addition, there exists a significant level of backward integration where the manufacturers are the prominent raw material producers thereby lowering the bargaining power of the suppliers.

The rising adoption of environmentally friendly tiles that are certified as per the green building standards for emitting low VOCs is expected to influence the use of conventional products over the forecast period. Prominent manufacturers are enhancing their product portfolio by launching low-VOC emitting and asbestos-free product lines in the market. The rising awareness regarding the use of eco-friendly building materials is estimated to propel the green retrofit or renovation activities of existing constructions in developed economies from North America and Europe. Furthermore, the increasing adoption of recyclable and reusable technologies by major players in the region is expected to drive market growth over the forecast period.

Product Insights

The mineral wool product segment dominated the market in 2021 and accounted for the largest share of more than 42.00% of the global revenue. The superior performance attributes of these products, such as thermal and acoustic insulation and low weight& high recyclability, have resulted in their increased penetration in the application industries. Gypsum, as a material for ceiling tiles, accounted for the second-largest revenue share in 2021 and is expected to grow at a significant CAGR over the forecast period. These tiles provide numerous benefits, such as reduced weight on the structure, ease in installation, and ease in maintenance & repair. It is majorly used in modern offices across the U.S. to enhance the aesthetics by installing colored gypsum boards.

Steel, aluminum, and tin are the majorly used metals in the manufacturing of the product. They offer a clean, crisp, and high-tech display of interiors and are available in a wide variety of colors. Furthermore, tough finishing along with corrosion resistance is offered by powder-coated metal ceilings, thereby driving the product demand from application industries. Rising demand for various ceiling tiles is expected to increase pressure on raw materials, such as mineral wool, gypsum, and metals. Other ceiling tiles including wood, polycarbonate, PVC, and composite materials are anticipated to witness stabilized growth during the forecast period owing to increasing utilization of mineral fiber, fiberglass, and metal ceiling tiles.

Application Insights

The non-residential application segment led the market in 2021 and accounted for the largest revenue share of over 92.00%. Strong growth in commercial building construction activities across the globe with the revival of the non-residential construction sector in the U.S. is expected to boost the consumption of building materials thereby driving the market growth. Ceiling tiles are majorly used in various commercial spaces, such as in retail, hospitality, and healthcare industries as well as in corridors, medical hallways, operation theatres, clinics, and diagnostic centers. These materials are used for highlighting the overall aesthetics and interiors of non-residential buildings as well as to offer improved acoustic and thermal insulation.

Residential applications are likely to provide significant scope for the market growth owing to the rising construction spending on renovation and repair activities in the housing sector. Strong growth in residential building construction activities across the globe with rural to urban migration in developing economies is expected to stimulate demand for ceiling tiles over the projected period. A rise in the construction of green buildings in the developed economies of North America and Europe is expected to aid the consumption of eco-friendly and lightweight ceiling tiles. Furthermore, the usage of low VOC ceiling tiles is expected to increase in application industries over the projected period on account of stringent VOC policies and regulations over building materials.

Regional Insights

The market in North America led the market in 2021 and accounted for the largest revenue share of 33.9% on account of the increased adoption of products from application industries. A technological breakthrough in this area as well as the need for acoustic insulation has played a vital role in the increased adoption of ceiling tiles in the region. The U.S. accounted for the major revenue share in the global market in 2021 owing to high consumer disposable income and changing consumer behavior along with increasing alternatives for soundproof and decorative interiors in commercial complexes. The growth of the residential sector, in terms of single-family housing, is a crucial factor driving the industry over the forecast period.

Europe also accounted for a significant revenue share of the global market in 2021. A rise in product demand in the region is due to the availability of innovative & sustainable construction solutions, easy installation techniques, the presence of well-established construction industry, and strict regulations over particulate emissions thereby driving the market. The Asia Pacific region is expected to emerge as the fastest-growing market from 2022 to 2030 on account of rapid industrialization and a rise in consumer disposable income levels. Furthermore, population growth, urbanization, and a rise in renovation activities in Southeast Asia are expected to boost the product demand from application sectors in the region.

Key Companies & Market Share Insights

The industry has a large number of players providing a range of product varieties leading to high competitive rivalry. The key players in the global market have strong distribution networks and presence in developed economies like North America, Europe, and some parts of the Asia Pacific region including Australia. The high degree of forwarding and backward integration of dominant players persists in the global market, which has intensified the rivalry and competition thus making the entry of new players difficult. Some of the prominent players in the global ceiling tiles market include:

• AWI Licensing LLC

• USG Corp.

• Knauf Gips KG

• ROCKWOOL International A/S

• Odenwald Faserplattenwerk GmbH

• Saint-Gobain Gyproc

• SAS International

• BYUCKSAN

• HIL Ltd.

• Hunter Douglas

• KET Ceilings

Ceiling Tiles Market Report Scope

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 2030. 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, 2021 - 2030)

  • Mineral Wool

  • Metal

  • Gypsum

  • Others

• Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2021 - 2030)

  • Non-residential

  • Residential

  • Industrial

• Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2021 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

    • Russia

    • Spain

    • Italy

    • Austria

    • Poland

    • Belgium

    • Switzerland

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Indonesia

  • Central & South America

    • Brazil

  • Middle East & Africa