Ceiling Tiles Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Ceiling Tiles Market Analysis
The market for ceiling tiles is expected to register a CAGR of around 7%, during the forecast period. The major factors driving the market studied are surging demand for ceiling tiles from the construction industry, and the reduction ofcarbon impacts in the processing of raw materials for manufacturing ceiling tiles. On the flipside, the threatof substitutes, such as asphalt and mortar, is expected to hinder the growth of the market studied.
- The commercial segment dominated the market 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.
Ceiling Tiles Market Trends
This section covers the major market trends shaping the Ceiling Tiles Market according to our research experts:
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 around 3%, during 2019. Commercial construction contributes noticeably to this growth, due to the rapidly expanding service sector across the world.
- Regions, like Asia-Pacific, United States, and the Middle-East and Africa, etc., are experiencing huge domestic, as well as foreign investments, for the construction of industrial units, hospitals, malls, multiplexes, hospitality industry, and the IT sector.
- For Instance, the construction spending in the public sector in the United States in 2018 increased by 6.28% from the previous year and expected to witness positive growth over the forecast period.
- 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.
Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region dominated the ceiling tiles market. With growing investments inresidential 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 Indonesiangovernment announced its plans to invest about USD 450 billion inthe 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.
Ceiling Tiles Industry Overview
The ceiling tiles market ishighly 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, amongothers.
Ceiling Tiles Market Leaders
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Armstrong Worldwide Industries Inc.
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Saint Gobain SA
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Haining Shamrock Import & Export Co. Ltd
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New Ceiling Tiles LLC
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Knauf
*Disclaimer: Major Players sorted in no particular order
Ceiling Tiles Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Surging Demand for Ceiling Tiles from the Construction Industry
- 4.1.2 Reduced Carbon Impacts in Processing of Raw Materials for Manufacturing Ceiling Tiles
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4.2 Restraints
- 4.2.1 Threat of Substitutes, such as Asphalt and Mortar
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 Raw Material
- 5.1.1 Mineral Wool
- 5.1.2 Metal
- 5.1.3 Gypsum
- 5.1.4 Other Raw Materials (Composite, Plastic, and Wood)
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5.2 Application
- 5.2.1 Residential
- 5.2.2 Commercial
- 5.2.3 Industrial
- 5.2.4 Institutional
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5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 Italy
- 5.3.3.4 France
- 5.3.3.5 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Armstrong World Industries Inc.
- 6.4.2 Foshan Ron Building Material Trading Co. Ltd
- 6.4.3 Guangzhou Tital Commerce Co. Ltd
- 6.4.4 Haining Shamrock Import & Export Co. Ltd
- 6.4.5 Knauf
- 6.4.6 MADA GYPSUM
- 6.4.7 New Ceiling Tiles LLC
- 6.4.8 Odenwald Faserplattenwerk GmbH (OWA)
- 6.4.9 Rockfon
- 6.4.10 Saint Gobain SA
- 6.4.11 SAS International
- 6.4.12 Shandong Huamei Building Materials Co. Ltd
- 6.4.13 Techno Ceiling Products
- 6.4.14 IMREYS
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Innovation in Gypsum Tiles for its Biodegradable Properties
Ceiling Tiles Industry Segmentation
The ceiling tiles market report includes:
| Raw Material | Mineral Wool | |
| Metal | ||
| Gypsum | ||
| Other Raw Materials (Composite, Plastic, and Wood) | ||
| Application | Residential | |
| Commercial | ||
| Industrial | ||
| Institutional | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| Italy | ||
| France | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Ceiling Tiles Market Research FAQs
What is the current Ceiling Tiles Market size?
The Ceiling Tiles Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in Ceiling Tiles Market?
Armstrong Worldwide Industries Inc., Saint Gobain SA, Haining Shamrock Import & Export Co. Ltd, New Ceiling Tiles LLC and Knauf are the major companies operating in the Ceiling Tiles Market.
Which is the fastest growing region in Ceiling Tiles Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Ceiling Tiles Market?
In 2024, the Asia Pacific accounts for the largest market share in Ceiling Tiles Market.
What years does this Ceiling Tiles Market cover?
The report covers the Ceiling Tiles Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Ceiling Tiles Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Which material type segment dominates the Ceiling Tiles Market, and why?
Based on material type mineral fiber segment dominates the Ceiling Tiles Market due to its easy availability and low cost.
What is the biggest restraint in the Ceiling Tiles Market?
The high cost of ceiling tiles is one of the biggest restraining factors for the Ceiling Tiles Market growth.
Ceiling Tiles Industry Report
The global ceiling tiles market is witnessing significant growth, fueled by the construction industry's demand for aesthetic and functional solutions. This expansion is driven by rising demand in emerging economies, where rapid industrialization and urbanization offer substantial opportunities for suppliers and companies. Challenges like the high cost and installation expenses are being addressed through innovations that enhance aesthetic appeal and acoustic properties, with a shift towards eco-friendly materials. Mineral fiber leads the market due to its cost-effectiveness and acoustic benefits. The non-residential segment, especially commercial and institutional buildings, dominates due to the need for sound absorption and aesthetic improvements. North America holds a significant share, due to key manufacturers and a robust construction industry. The market faces intense competition as players focus on expanding product portfolios and adopting sustainable practices. For detailed statistics, market share, size, and revenue growth rate, refer to Mordor Intelligence™ Industry Reports, which offer a comprehensive analysis and forecast outlook, available as a free report PDF download.
