U.S. Ceiling Tiles Market Size Is Anticipated To Reach At USD 3.18 Billion By 2025: Grand View Research Inc.
San Francisco, 27 February 2019: The 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
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.
Access Research Report of U.S. Ceiling Tiles Market @ www.grandviewresearch.com/industry-analysis/us-ceiling-tiles-market
Further key findings from the study suggest:
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)
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.
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.
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
- Commercial
- Residential
- Industrial
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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