San Francisco, 26 February, 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.
The U.S.ceiling tiles market size is anticipated to reach at USD 3.18
billion by 2025, registering a CAGR of 9.6%, according to a new report by Grand
View Research, Inc. Ceiling tiles are mainly used to provide better acoustic
insulation for interior constructions. High demand from the construction
industry in U.S. is expected to be the key factor booting the market growth. In
addition, 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. 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.
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.
Access Full Research
Report On U.S. Ceiling Tiles Market Analysis:
Further key findings from the study suggest:
·
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.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
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)
·
Mineral Wool
·
Metal
·
Gypsum
·
Others
U.S. Ceiling Tiles Application
Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)
·
Commercial
·
Residential
·
Industrial
Browse Press
Release of this Report:
https://www.grandviewresearch.com/press-release/us-ceiling-tiles-market-analysis
https://www.grandviewresearch.com/press-release/us-ceiling-tiles-market-analysis
About Grand View Research
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.
For more
information: www.grandviewresearch.com/
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