CAGR: 7.1%Current Market Size: USD 7.97 Billion Fastest Growing Region: APAC
Largest Market: North AmericaProjection Time: 2022-2029Base Year: 2021
Global ceiling tiles market is expected to grow from USD 7.97 billion in 2021 to USD 13.54 billion by 2029, at a CAGR of 7.1% during the Projection period 2022-2029. The growth of this market is mainly driven by an upsurge in commercial construction activities associated with institutional buildings, office complexes, and healthcare facilities among others.
Ceiling panels or ceiling tiles are lightweight construction materials mainly used for covering ceilings. These tiles are crucial in improving the acoustics and aesthetics of a room. The tiles are usually made with the help of mineral wool, gypsum, perlite, clay, fiberglass, starch, and cellulose. In addition to this, wood and glass are also seeing emerging popularity as specialty materials. Ceiling tiles are rapidly being adopted as it plays a significant role in the reduction of noise, preventing fire, and enhancing the look of the facility.
In the global industry, ceiling tiles are available in smooth, wood, textured, and metal finishes. Its applications are seen in residential, commercial, and industrial infrastructures including retail stores, hotels, hospitals, offices, and others.
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Market Dynamics:
Drivers:
In the global construction industry, green building construction has become increasingly popular to reduce energy consumption as well as adverse environmental impacts. This type of construction is promoting the efficiency of buildings in terms of the usage of energy, water, and materials while enabling better design, maintenance, operation, and construction of buildings. In such buildings, ceiling tiles offer a range of green choices to ensure sustainability for almost any facility. In addition, sustainable ceiling materials and acoustic panels & tiles enable the green design of commercial interior environments. Hence, the growth of the green construction sector has driven the growth of the global ceiling tiles market.
Developing countries such as China, Brazil, and India are seeing huge demand for ceiling tiles for the construction of commercial spaces. In addition, ongoing growth in infrastructure development and construction activities in such countries has boosted the growth of the ceiling tiles market. Owing to the aforementioned reasons, the global market players are expanding their presence in developing countries to generate new revenue streams. For instance, in January 2020, Saint-Gobain, a French multinational corporation acquired Sonex in Brazil, a company dedicated to the manufacture and supply of acoustic ceiling systems. This acquisition was part of Saint-Gobain’s strategy to strengthen its presence in emerging countries.
Restraints:
Owing to their high costs, ceiling tiles are mainly preferred to be used in commercial places in emerging countries such as Brazil and India. The use of ceiling tiles is avoided in residential spaces as they further add to the overall cost of the buildings. In addition, wood panels are among the more expensive panels in the ceiling tiles industry due to the high cost of material and higher cost of maintenance. Such costs associated with ceiling tiles may hamper the growth of the market to some extent.
Opportunities:
There is an emerging trend of decorative acoustic ceiling designs across the globe which creates demand for colorful panels, lightly textured surfaces, and custom ceiling finished suspension systems. This has driven demand for ceiling tiles that helps in the creation of a visually beautiful ceiling to augment the design of space along with acoustic sound control. In addition, the increased need to use more colors and the availability of a variety of materials such as metal and wood have fueled the demand for improved aesthetic looks of buildings.
Challenges
The use of ceiling tiles is comparatively less in residential applications due to their high costs of manufacturing as well as installation. This is mainly attributed to the costs involved in the installation process which comprises wall moldings, the suspension system, the cost of hanger wire, and clips to ensure a stable installation. This has become a major challenge in the ceiling tiles industry to enable the adoption of ceiling tiles in residential applications.
Segmentation Analysis:
The global ceiling tiles market has been segmented based on material type, property type, end-user, and region.
By Material Type
The material type segment includes mineral fiber, metal, gypsum, and others. The mineral fiber segment led the ceiling tiles market with a market share of around 41.05% in 2021. The mineral fiber ceiling tiles are manufactured with a combination of wool, glass, and slag fibers. These materials are heavy, thick, and better at absorbing sound. The growth of this segment is mainly attributed to lucrative features of mineral fiber such as lower weight and high recyclability along with the thermal and acoustic insulation. In addition, these materials offer ease of installation and ease in repair & maintenance.
By End-User
The end-user segment includes non-residential and residential. The non-residential segment led the ceiling tiles market with a market share of around 86.11% in 2021. This is attributed to the increased penetration of ceiling tiles in the commercial buildings sector. Ongoing growth in commercial building construction activities among the hospitality, retail, and healthcare industries has boosted the adoption of ceiling tiles. For instance, according to Euroconstruct, the construction sector in Europe was expected to grow by 5.6% in 2021 and by 3.6% in 2022 with an upsurge in non-residential building construction.
By Regional Analysis
The regions analyzed for the Ceiling Tiles market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region dominated the Ceiling Tiles market and held the 34.03% share of the market revenue in 2021.
Global Ceiling Tiles Market- Country Analysis:
Germany's ceiling tiles market size was valued at USD 0.80 billion in 2021 and is expected to reach USD 1.35 billion by 2029, at a CAGR of 7.0% from 2022 to 2029.
Germany is one of the leading nations in the mechanical engineering, manufacturing, automotive, and electrical industries. In addition, the country is the biggest construction market in Europe. This significance of the construction sector in the country has mainly driven demand for ceiling tiles. Moreover, rising exports of ceiling tiles from the country have further boosted the growth of the market. For instance, OWA is one of the market leaders for mineral wool ceiling tiles in Germany which exports about 70% of its production to 80 different countries.
China's ceiling tiles market size was valued at USD 1.59 billion in 2021 and is expected to reach USD 2.67 billion by 2029, at a CAGR of 6.9% from 2022 to 2029. Rising disposable income in China has favored the demand for ceiling tiles. In addition, according to the National Bureau of Statistics of China, construction sector output accounted for about 25.7% of the country’s GDP in 2021. Among the total construction sector in the country, building construction makes up the biggest share of over 50.0%. Hence, increasing construction activities in the country are boosting the demand for ceiling tiles.
India's ceiling tiles market size was valued at USD 0.48 billion in 2021 and is expected to reach USD 0.84 billion by 2029, at a CAGR of 7.6% from 2022 to 2029. India is one of the strongest growing economies in Asia. In addition, the construction industry in this country contributes more than 5% of the nation's GDP. Moreover, the country is observing growth in urbanization at an unprecedented pace. This has caused increased construction activities in residential and commercial buildings along with infrastructure development.
Furthermore, in January 2021, Gyproc, one of the leaders in building construction space across India introduced its ceiling tiles manufacturing facility at Jhagadia, Gujarat. Such expansion strategies by market players in India are opportunistic for the growth of the market.
Key Industry Players Analysis:
To increase their market position in the global Ceiling Tiles business, top companies are focusing on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, and partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2021-2029 |
Base year |
2021 |
CAGR (%) |
7.1% |
Market Size |
7.97 billion in 2021 |
Projection period |
2022-2029 |
Projection unit |
Value (USD) |
Segments covered |
Material type, property type, end-user, and Regions |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
Saint-Gobain S.A., Armstrong World Industries, Inc., Gebr. Knauf KG, Hunter Douglas, KET Ceilings, Aerolite Industries Pvt. Ltd., Rockfon, Odenwald Faserplattenwerk GmbH, Georgia-Pacific, and SAS International among others |
By Material Type |
|
By Property Type |
|
By End-User |
|
Regional scope |
|
Scope of the Report
Global Ceiling Tiles Market by Material Type:
Global Ceiling Tiles Market by Property Type:
Global Ceiling Tiles Market by End-User:
Global Ceiling Tiles Market by Region:
Global ceiling tiles market was valued to USD 7.97 billion in 2021 and it will grow to USD 13.54 billion by 2029, at a CAGR of 7.1%
The regions analyzed for the Ceiling Tiles market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa.
Leading market players active in the global Ceiling Tiles market are Saint-Gobain S.A., Armstrong World Industries, Inc., Gebr. Knauf KG, Hunter Douglas, KET Ceilings, Aerolite Industries Pvt. Ltd., Rockfon, Odenwald Faserplattenwerk GmbH, Georgia-Pacific, and SAS International among others.
Upsurge in commercial construction activities associated with institutional buildings, office complexes, and healthcare facilities among others is primarily driving the growth of the Ceiling Tiles market.
The global Ceiling Tiles market has been segmented based on material type, property type, end-user, and regions.
The use of ceiling tiles is comparatively less in residential applications due to their high costs of manufacturing as well as installation. This is mainly attributed to the costs involved in the installation process which comprises wall moldings, the suspension system, the cost of hanger wire, and clips to ensure a stable installation. This has become a major challenge in the ceiling tiles industry to enable the adoption of ceiling tiles in residential applications.
Political Factors- China has numerous airport construction projects, which are either in the 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.
Economical Factors- Owing to their high costs, ceiling tiles are mainly preferred to be used in commercial places in emerging countries such as Brazil and India. The use of ceiling tiles is avoided in residential spaces as they further add to the overall cost of the buildings. In addition, wood panels are among the more expensive panels in the ceiling tiles industry due to the high cost of material and higher cost of maintenance. Such costs associated with ceiling tiles may hamper the growth of the market to some extent. The use of ceiling tiles is comparatively less in residential applications due to their high costs of manufacturing as well as installation. This is mainly attributed to the costs involved in the installation process which comprises wall moldings, the suspension system, the cost of hanger wire, and clips to ensure a stable installation. This has become a major challenge in the ceiling tiles industry to enable the adoption of ceiling tiles in residential applications.
Social Factor- The growth of this region is mainly driven by the rapidly expanding building & construction industry along with the presence of key manufacturers in the market such as Georgia-Pacific LLC and Armstrong World Industries, Inc. In addition, the U.S. and Canada are seeing huge growth in consumer disposable incomes as well as rapid changes in consumer behavior for decorative and soundproof interiors. Such factors drive the growth of the North American ceiling tiles market. According to the National Bureau of Statistics of China, construction sector output accounted for about 25.7% of the country’s GDP in 2021. Among the total construction sector in the country, building construction makes up the biggest share of over 50.0%.
Technological Factors- The ongoing technological developments, enable manufacturers to ease the installation process which guarantees perfect alignment and optimum finished look to consumers. For instance, Diamond View Studios, in partnership with Mo-Sys Engineering recently developed the first in-panel tracking solution, Vu LED Ceiling Panels that feature retro-reflective technology integrated into the panel.
Environmental Factors- In the global construction industry, green building construction has become increasingly popular to reduce energy consumption as well as adverse environmental impacts. This type of construction is promoting the efficiency of buildings in terms of the usage of energy, water, and materials while enabling better design, maintenance, operation, and construction of buildings. In such buildings, ceiling tiles offer a range of green choices to ensure sustainability for almost any facility. In addition, sustainable ceiling materials and acoustic panels & tiles enable the green design of commercial interior environments.
Legal Factors- Armstrong World Industries, Inc. partnered with 9 Foundations, Inc., a scientific advisory firm. This partnership is aimed at manufacturing wall and ceiling solutions that are based on the most innovative healthy building design and science. The Gyproc division of Saint-Gobain launched Gyprex® L ceiling tile, a new lightweight product in the ceilings category. This launch is mainly targeted at commercial institutions/facilities such as offices, healthcare, education, and retail developments.
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