Ceiling Tiles Market Size Worth $10.08 Billion by 2025 | CAGR: 9.5%: Grand View Research, Inc.

SAN FRANCISCO, September 19, 2017 /PRNewswire/ --

The global ceiling tiles market [http://www.grandviewresearch.com/industry-analysis/ceiling-tiles-market?utm_source=Paid_PR&utm_medium=Referral&utm_campaign=PRNewswire_19sep&utm_term=RD&utm_content=RD ]  is expected to reach USD 10.08 billion by 2025, growing at a CAGR of 9.5%, according to a new report by Grand View Research, Inc. Increasing construction of office spaces worldwide is likely to boost the usage of building materials including mineral wool, metal, and gypsum panels by the end of 2025. 

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Rise in the working population group, since the past few years has led to an increased construction spending in key Asia Pacific countries including China, Vietnam, Bangladesh, Singapore, India, Thailand, and Malaysia. Construction of new offices across the globe is estimated to peak in the future.

This scenario is likely to reflect in developing countries including China, Russia, and India. Furthermore, currently rising foreign investments coupled with government initiatives in these countries is projected to boost the construction of business centers and IT parks in the recent future. These factors are considered to influence the consumption of construction materials including ceiling tiles and hence boost their market growth.

Emerging regions especially Latin America and Middle East & Africa are expected to depict above average industry growth owing to development of the hotel sector as a result of increasing government initiatives regarding the tourism industry in these regions.

Browse full research report with TOC on "Ceiling Tiles Market Analysis By Product (Mineral Wool, Metal, Gypsum), By Application (Commercial, Residential, Industrial), By Region, And Segment Forecasts, 2014 - 2025" at: http://www.grandviewresearch.com/industry-analysis/ceiling-tiles-market [http://www.grandviewresearch.com/industry-analysis/ceiling-tiles-market?utm_source=Paid_PR&utm_medium=Referral&utm_campaign=PRNewswire_19sep&utm_term=RD&utm_content=RD ]

Further Key Findings From the Report Suggest: 

        
        - In terms of revenue, the residential segment is expected to rise at a CAGR of 9.4%
          over the forecast period. This application segment constituted a revenue share of 4.6%
          in 2016.
        - Technological breakthrough in the field of low VOC panels and recyclable tiles is
          estimated to offer lucrative growth prospects in the industry by the end of 2025.
          Furthermore, development of three dimensional ceiling tiles is another important
          milestone that is expected to open new avenues in the industry.
        - Companies are aiming at achieving optimum business growth through fully integrating
          their business operations across the product value chain. For instance, USG
          Corporation is engaged in manufacturing ceiling tiles as well as its precursor gypsum
          board and has strong distribution network.
        - In June 2017, Armstrong Ceiling Solutions launched a new range of ceiling tiles under
          the New Dune eVo brand name. These tiles are 100% recyclable and exhibit well improved
          aesthetics and acoustic performance.
        - In April 2014, the Rockfon North America, a ROCKWOOL International subsidiary achieved
          the UL Environment's GREENGUARD Gold certification for its low VOC products. This has
          enhanced the market position of the company as a key sustainable player in the past
          years.

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Grand View Research has segmented the global ceiling tiles market on the basis of product, application, and region: 

        
        - Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)
           
             - Mineral wool
             - Metal
             - Gypsum
             - Others
        - Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 -
          2025) 
             - Commercial Construction
             - Residential Construction
             - Industrial Construction
        - Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)
           
             - North America
                - U.S.
             - Europe
                - Germany
                - UK
             - Asia Pacific
                - China
                - India
             - Central & South America
                - Brazil
             - Middle East & Africa

Read Our Blog By Grand View Research: http://www.grandviewresearch.com/blogs/advanced-materials

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.

        

        Contact: 
        Sherry James 
        Corporate Sales Specialist, USA 
        Grand View Research, Inc 
        Phone: +1-415-349-0058 
        Toll Free: 1-888-202-9519 
        Email: sales@grandviewresearch.com 

 

Web: www.grandviewresearch.com [http://www.grandviewresearch.com ]

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SOURCE Grand View Research, Inc.