Ceiling Tiles Market Analysis and Forecast: Aarkstore

Ceiling tiles market: analysis and forecast up to 2021

Ceiling tiles or also known as ceiling panels are lightweight construction materials used to cover ceiling area and absorb sound. These tiles are placed in aluminum framework to provide thermal insulation, fire insulation and enhance room acoustics, mainly used in interiors of buildings. Global ceiling tiles market can be segmented on the basis product as mineral wool, metal, gypsum and others (plastics or woods, etc.). Mineral wool segment is largely consumed product type and accounts for highest market share in global ceiling tiles market. It is preferred choice over others due to its performance and quality in concurrence to thermal insulation, fire safety and reduction in noise levels. On the other hand, gypsum ceiling tiles are gaining market and are likely to witness fastest growth over the forecast period due to its biodegradable behavior. Ceiling tiles are widely used in green buildings, with increase in demand for eco-friendly materials market is expected to grow rapidly over the forecast period. These tiles are also used in building perimeters, offices, retail stores, drywall grid systems, hotels, transportation terminals, etc. On the basis of application global ceiling tiles market can be segmented as commercial, healthcare, industrial, educational and other sectors applications such as residential, malls, etc.

Global ceiling tiles market is majorly driven due to its environmental and financial advantages. End-of-life or waste ceiling tiles are returned back to the manufacturers for recycling which gives financial advantage thereby adding real value to the supply chain. Additionally, it saves waste ceiling tiles landfill cost and another taxes giving another financial advantage. Other driving factor for increase in demand of ceiling tiles is due to expanding construction business such as infrastructure development in emerging regions of Asia-Pacific. On the other hand, increase in energy prices...