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Ceiling Tiles Market worth 9.88 Billion USD by 2022

 



(EstateNewsWire.com, February 25, 2020 ) The report "Ceiling Tiles Market by Material Type (Mineral Fiber, Metal and Gypsum), Property Type (Acoustic and Non-Acoustic), End User (Residential and Non-Residential), and Region (NA, EU, APAC, MEA, and SA)-Global Forecast to 2022" The ceiling tiles market is projected to grow from USD 7.31 billion in 2017 to USD 9.88 billion by 2022, at a CAGR of 6.2% between 2017 and 2022.The increasing use of ceiling tiles in construction projects is one of the most significant factors projected to drive the growth of the ceiling tiles market.

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=65818677

Based on material type, the mineral fiber segment of the ceiling tiles market is projected to grow at the highest CAGR during the forecast period, in terms of value and volume.

Mineral fiber ceiling tiles include stone wool, glass wool, wet felted mineral wool, and mineral wool tiles. These ceiling tiles are available at low costs and are easy to install, repair, and maintain. Mineral fiber ceiling tiles are made available in various sizes, colors, and textures. They are recyclable in nature and are used in various non-residential applications, such as offices, institutions, hospitals, and retail stores. The increasing applicability of mineral fiber ceiling tiles, owing to their superior properties, is projected to drive the growth of the mineral fiber segment of the ceiling tiles market.

The non-residential end user segment is projected to lead the ceiling tiles market during the forecast period, in terms of value and volume.

Ceiling tiles are increasingly used in residential and non-residential buildings. The non-residential end user segment is projected to lead the ceiling tiles market between 2017 and 2022 both, in terms of value and volume. Advantages of ceiling tiles include visual attractiveness, sound blocking, sound absorption, and easy installation. Ceiling tiles also offer several other benefits, such as moisture absorption, fire resistance, and durability, which, in turn, is contributing to the increased demand for ceiling tiles in the building & construction industry.

Don't miss out on business opportunities in Ceiling Tiles Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=65818677

Browse in-depth TOC on "Ceiling Tiles Market”
74 – Market Data Tables
38 - Figures
120 - Pages

North America is estimated to be the largest market for ceiling tiles in 2017, in terms of value.

North America is estimated to be the largest market for ceiling tiles in 2017. The growth of the North American ceiling tiles market can be attributed to the expansion of the building & construction industry and presence of well-established ceiling tiles manufacturers, such as Armstrong World Industries (US), in this region. Additionally, increase in the number of residential and non-residential construction activities in various North America countries is contributing to the growth of the North American ceiling tiles market.

Key players operating in the ceiling tiles market include Armstrong World Industries (US), USG Corporation (US), Hunter Douglas (Netherlands), SAS International (UK), CertainTeed (US), Rockfon (Denmark), Odenwald Faserplattenwerk GmbH (Germany), Knauf (Germany), Saint-Gobain Gyproc (France), and Georgia-Pacific (US).

Get this report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=65818677

About MarketsandMarkets™

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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