Global Ceiling Tiles Market to grow to about USD 10,146.6 billion by 2028

Report Overview

The market for ceiling tiles was valued at USD 6.30 billion in 2021 and is anticipated to expand at a 9.3% compound annual growth rate (CAGR) during the forecast period. Increased construction of office buildings, institutional structures, and healthcare facilities is anticipated to be a major market driver. Additionally, increased disposable income in emerging nations, an increase in the need for thermal and acoustic insulation, and consumer attention to the aesthetics of homes and offices are anticipated to drive up demand for the product and accelerate market expansion. Additionally, throughout the course of the forecast period, the market dynamics are anticipated to gain from the use of creative and sustainable construction methods that incorporate eco-friendly materials for walls, floors, and ceilings.

With more commercial building projects being undertaken in the US, the construction industry’s recovery is having a beneficial effect on product demand. Additionally, it is anticipated that shifting consumer habits and an increase in the options for soundproofing and beautiful interiors in commercial buildings would support the expansion of the mineral wool market in the nation. The market demonstrates the significant presence of numerous raw material vendors involved in providing metals, mineral fibre, fibreglass, gypsum, wood, and plastics. Additionally, there is a high degree of backward integration, where manufacturers are the main producers of raw materials, which reduces suppliers’ negotiating leverage.

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Product Information

In 2021, the mineral wool product category led the market and generated more than 42.00% of the total revenue. These goods have a higher market penetration because of their superior performance characteristics, such as thermal and acoustic insulation, low weight, and high recyclability. Gypsum was the second-largest revenue contributor in 2021 and is anticipated to expand at a high CAGR throughout the projection period. Gypsum is used to make ceiling tiles. These tiles offer many advantages, including lighter weight on the structure, simpler installation, and simpler maintenance and repair. In order to improve the aesthetics of modern offices around the U.S., coloured gypsum boards are commonly used.

Application Perspectives

In 2021, the non-residential application segment dominated the market and accounted for more than 92.00% of total revenue. With the resurgence of the non-residential construction sector in the U.S., strong rise in commercial building construction activities is predicted to increase demand for building materials, propelling market expansion. The retail, hospitality, and healthcare sectors, as well as hallways, operating rooms, clinics, and diagnostic centres, all use ceiling tiles extensively in various commercial locations. These materials are utilised to increase the acoustic and thermal insulation as well as the overall aesthetics and interior design of non-residential buildings.

Regional Perspectives

Due to the growing adoption of products from application industries, the market in North America held the top spot in 2021 and contributed the biggest revenue share, at 33.9%. The region’s rising use of ceiling tiles is mostly due to a technological advancement in this field and the demand for acoustic insulation. Due to rising alternatives for soundproof and aesthetically pleasing interiors in commercial complexes, high consumer disposable income, and changing consumer behaviour, the U.S. accounted for the largest revenue share in the global market in 2021. One of the key factors influencing the industry throughout the projection period is the rise of the residential sector, namely in terms of single-family homes.

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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
  • HIL Ltd.
  • Hunter Douglas
  • KET Ceilings

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of the Middle East & Africa

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