Increasing use of renewable and cost-effective products in construction to reduce air pollution and costing can stimulate demand for ceiling tiles. Such tiles are made of natural raw materials, which are free from carbon content responsible for air pollution.
Mineral Wool to Emerge as the Dominant Product Segment through 2025
Major product variants of ceiling tiles are mineral wool, metal, and gypsum. Mineral wool is predicted to dominate in the coming years owing to its recyclability and noise reduction characteristics. Increasing use of mineral wool ceiling tiles in commercial places can augment demand in the coming years. On the other hand, metal ceilings can also witness high demand. Considering the demand, ceiling tile manufacturing companies are indulging in R&D investments to offer new and innovative products.
For instance, a well-known French producer of construction material Saint Gobain recently announced that it can reopen its production line in Ploiesti. The plant is likely to produce glass fiber mineral wool used in ceiling tiles. The company is planning to hire around 50 people to restart operations at the plant. The decision is attributed to development in constructional activities and predicted growth in the coming years. The plant is expected to supply products for Romania and other neighboring countries.
Market Insights
The global ceiling tiles market is predicted to reach USD 10.08 billion by 2025, according to a report by Grand View Research, Inc. High demand for bio-based products in constructional activities is likely to foster growth of the market. Rising standard of living due to increasing disposable incomes can fuel market growth over the forecast period (1014 to 2025). Increasing use of ceiling tiles to reduce carbon footprint responsible for air pollution is anticipated to propel growth of the market. High adoption of green technologies to construct commercial and residential buildings can stimulate growth of the market over the forecast period.
Some of the prominent companies operating in the market for ceiling tiles are Odenwald Faserplattenwerk GmbH; Saint-Gobain S.A.; USG Corporation; Armstrong World Industries, Inc.; and ROCKWOOL International A/S.
Read more at: https://www.grandviewresearch.com/industry-analysis/ceiling-tiles-market
Read more at: https://www.grandviewresearch.com/industry-analysis/ceiling-tiles-market
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