According to a report , “U.S. Ceiling Tiles Market Size, Share & Trends Analysis Report By Product (Gypsum, Metal, Mineral Wool), By Application (Commercial, Residential, Industrial), Competitive Landscape, And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc., The U.S. ceiling tiles market size is anticipated to reach at USD 3.18 billion by 2025, registering a CAGR of 9.6%, Changing consumer lifestyles and growing demand for insulation is likely to drive the market further. Consumer awareness regarding the availability of innovative construction solutions that are durable and require low maintenance is also expected to impact the market favorably.
Mineral wool, fiberglass, metal, and gypsum are the major types of ceiling tiles available in the U.S. market. Other product types include wood and polycarbonate. All these products are lightweight, eco-friendly, and have a significant noise reduction coefficient.
Key Takeaways from the report:
In terms of volume, mineral wool ceiling tiles segment captured the largest industry share of 42.5% in 2017 and will expand further at a notable CAGR over the forecast period
In terms of revenue, metal ceiling tiles segment is expected to witness the fastest CAGR of 8.7% during the estimated period
The commercial construction application segment is expected to witness a substantial growth in the coming years
The U.S. ceiling tiles market is partially consolidated and competitive in nature, with the presence of global multinational companies
Some of the key companies in this market are Armstrong World Industries, Inc.; USG Corporation; Knauf Gips KG; Rockwool International A/S; Compagnie de Saint-Gobain S.A.;, SAS International; and Hunter Douglas N.V.
Trend of decorative and aesthetically appealing interiors and exteriors in the construction sector has impelled the use of advanced designing and printing technologies in the building materials market. The market is also witnessing innovation in walls and flooring materials, such as carpets, tiles, and coatings, aimed at creating unique and exquisite designs. On the contrary, ceiling tiles, ceiling suspension systems, and other specialty ceiling products have observed a relatively slow progress over the recent years.
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Thermal Interface Materials Market :Thermal interface materials are expected to witness substantial gains over the forecast period on account of their increasing usage in automotive, medical and consumer goods applications. Growing demand for electric vehicles in China and India owing to increasing awareness regarding harmful emissions including CO2, government initiatives and lower operating & maintenance costs will propel market size.
Acoustic Insulation Market: Increasing standard of living, awareness regarding the effect of noise pollution on human health and stringent regulations have been driving the global acoustic insulation market so far. Market growth will probably be driven by consumer needs and initiatives, while favorable regulations are also expected to play a crucial role in shaping the industry. Technological advancements in construction, industrial processing, and transportation industries will play a significant role in acoustic insulation market growth over the forecast period.
This, in turn, is expected to create new avenues for research and innovation, in terms of providing enhanced visual effects and improved finishes for ceilings. Prominent manufacturers that offer mineral wool and fiberglass ceiling tiles include Armstrong World Industries, Inc. and ROCKWOOL International A/S. Knauf Gips KG, Hunter Douglas N.V., and SAS International offer gypsum and metal ceiling tiles.
These industry participants supply ceiling tiles via different distribution modes, such as direct supply, wholesale or bulk selling, third-party supply contracts, and by various online portals. Owing to third-party agreements, companies are expected to benefit in terms of gaining access to the regional distribution and marketing networks while meeting the growing demand from key end users in the region.
Grand View Research has segmented the U.S. ceiling tiles market on the basis of product and application:
U.S. Ceiling Tiles Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 – 2025)
U.S. Ceiling Tiles Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 – 2025)
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Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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