Ceiling Tiles Market | Growth, Trends, and Forecast (2019

Market Snapshot

Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Market Overview

The market for ceiling tiles is expected to register a CAGR of around 7.20%, during the forecast period (2019-2024). The major factors driving the market studied are surging demand for ceiling tiles from the construction industry, and the reduction of carbon impacts in the processing of raw materials for manufacturing ceiling tiles. On the flipside, the threat of substitutes, such as asphalt and mortar, is expected to hinder the growth of the market studied.

The commercial segment dominated the market in 2018, and is expected to grow during the forecast period, with the rapidly growing service sector.
Innovation in gypsum tiles for its biodegradable properties is likely to provide opportunities for the market studied, during the forecast period.
Asia-Pacific dominated the market across the world, with robust growth of construction activities in countries, such as India, China, the Philippines, and Indonesia.

Scope of the Report

The ceiling tiles market report includes:

Raw Material
		Mineral Wood
		Metal
		Gypsum
		Other Raw Materials (Composite, Plastic, and Wood)

End-user Industry
		Residential
		Commercial
		Industrial
		Institutional

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	Italy
	France
	Rest of Europe

South America
	Brazil
	Argentina
	Rest of South America

Middle East & Africa
	Saudi Arabia
	South Africa
	Rest of Middle East & Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Commercial Construction to Witness Noticeable Growth

In the commercial sector, ceiling tiles are mostly used in offices, retail stores, educational institutions, hospitals, hospitality industry, multiplexes, home theaters, auditoriums, etc.
Office buildings require strength, durability, and good aesthetic value ceilings, and the ceiling tiles used in this sector cater to the aforementioned needs. The major ceiling tile types used in office buildings are drop ceilings tiles and planks.
The global construction industry grew by about 3.5%, during 2018. Commercial construction contributes noticeably to this growth, due to the rapidly expanding service sector across the world.
Regions, like Asia-Pacific and the Middle East & Africa, are experiencing huge domestic, as well as foreign investments, for the construction of industrial units, hospitals, malls, multiplexes, hospitality industry, and the IT sector.
Various multinational companies have been exploring opportunities for new or expansion projects in these regions. Some of the attractive countries in these regions witnessing such investments include India, China, Indonesia, Malaysia, Vietnam, Saudi Arabia, and the United Arab Emirates.
The aforementioned opportunities and investments in the market are driving the commercial construction activity, which is further driving the demand for ceiling tiles.

Ceiling Tiles Market - Segmentation Trends

To understand key trends, Download Sample Report

Asia-Pacific Region to Dominate the Market

The Asia-Pacific region dominated the ceiling tiles market, in 2018. With growing investments in residential and commercial construction in countries, such as India, China, the Philippines, Vietnam, and Indonesia, the market for ceiling tiles is expected to increase in the coming years.
Currently, China has numerous airport construction projects, which are either in development or planning stage. These include Beijing Capital International Airport, Chengdu Shuangliu International Airport, Guangzhou Baiyun International Airport, etc. Furthermore, the government rolled out massive construction plans for the movement of 250 million people to its new megacities, over the next 10 years.
In India, the government’s investment target of USD 120.5 billion, for developing 27 industrial clusters, is expected to boost commercial construction in the country.
The Indonesian government announced its plans to invest about USD 450 billion in the construction sector, by 2021, which is expected to boost residential construction in the country.
Hence, the aforementioned investments and planned projects in various countries are driving the construction activities in the region, which are further likely to drive the demand for ceiling tiles in the region, over the forecast period.

To understand geography trends, Download Sample Report

Competitive Landscape

The ceiling tiles market is highly fragmented in nature. Some of the noticeable players in the market include Armstrong Worldwide Industries Inc., Saint Gobain SA, Haining Shamrock Import & Export Co. Ltd, New Ceiling Tiles LLC, and Knauf, among others.

Major Players

* Complete list of players covered available in the table of contents below

Ceiling Tiles Market - Market Concentration

1. INTRODUCTION
1. 1.1 Study Deliverables
2. 1.2 Study Assumptions
3. 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Drivers
  1. 4.1.1 Surging Demand for Ceiling Tiles from the Construction Industry
  2. 4.1.2 Reduced Carbon Impacts in Processing of Raw Materials for Manufacturing Ceiling Tiles
2. 4.2 Restraints
  1. 4.2.1 Threat of Substitutes, such as Asphalt and Mortar
3. 4.3 Industry Value Chain Analysis
4. 4.4 Porters Five Forces Analysis
  1. 4.4.1 Bargaining Power of Suppliers
  2. 4.4.2 Bargaining Power of Consumers
  3. 4.4.3 Threat of New Entrants
  4. 4.4.4 Threat of Substitute Products and Services
  5. 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
1. 5.1 Raw Material
  1. 5.1.1 Mineral Wood
  2. 5.1.2 Metal
  3. 5.1.3 Gypsum
  4. 5.1.4 Other Raw Materials (Composite, Plastic, and Wood)
2. 5.2 End-user Industry
  1. 5.2.1 Residential
  2. 5.2.2 Commercial
  3. 5.2.3 Industrial
  4. 5.2.4 Institutional
3. 5.3 Geography
  1. 5.3.1 Asia-Pacific
    1. 5.3.1.1 China
    2. 5.3.1.2 India
    3. 5.3.1.3 Japan
    4. 5.3.1.4 South Korea
    5. 5.3.1.5 Rest of Asia-Pacific
  2. 5.3.2 North America
    1. 5.3.2.1 United States
    2. 5.3.2.2 Canada
    3. 5.3.2.3 Mexico
  3. 5.3.3 Europe
    1. 5.3.3.1 Germany
    2. 5.3.3.2 United Kingdom
    3. 5.3.3.3 Italy
    4. 5.3.3.4 France
    5. 5.3.3.5 Rest of Europe
  4. 5.3.4 South America
    1. 5.3.4.1 Brazil
    2. 5.3.4.2 Argentina
    3. 5.3.4.3 Rest of South America
  5. 5.3.5 Middle East & Africa
    1. 5.3.5.1 Saudi Arabia
    2. 5.3.5.2 South Africa
    3. 5.3.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
2. 6.2 Market Share Analysis**
3. 6.3 Strategies Adopted by Leading Players
4. 6.4 Company Profiles
  1. 6.4.1 Armstrong World Industries Inc.
  2. 6.4.2 Foshan Ron Building Material Trading Co. Ltd
  3. 6.4.3 Guangzhou Tital Commerce Co. Ltd
  4. 6.4.4 Haining Shamrock Import & Export Co. Ltd
  5. 6.4.5 Knauf
  6. 6.4.6 MADA GYPSUM
  7. 6.4.7 New Ceiling Tiles LLC
  8. 6.4.8 Odenwald Faserplattenwerk GmbH (OWA)
  9. 6.4.9 Rockfon
  10. 6.4.10 Saint Gobain SA
  11. 6.4.11 SAS International
  12. 6.4.12 Shandong Huamei Building Materials Co. Ltd
  13. 6.4.13 Techno Ceiling Products
  14. 6.4.14 IMREYS
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
1. 7.1 Innovation in Gypsum Tiles for its Biodegradable Properties

**Subject to Availability