logo
logo
Sign in

Ceiling Tiles Market: Mounting Demand for Commercial Spaces to Drive Demand in APEJ

avatar
Steve Blade
Ceiling Tiles Market: Mounting Demand for Commercial Spaces to Drive Demand in APEJ

Emerging countries are making enormous investments in the development of their commercial spaces, manufacturing plant construction, institutional buildings, and public infrastructure. For example, demonetization has led the Indian government to trim their fiscal deficit, thereby encouraging builders and consumers to make robust investments in real estate. Such developments will further rub off on demand for ceiling tiles in the forthcoming years.

According to a new analytical report of Fact.MR, the global ceiling tiles market is foreseen to reflect an impressive 9.5% value CAGR through the period of forecast, 2017 to 2026. Global sales of ceiling tiles are estimated to reach nearly 12,000 Million Sq. Ft. by 2026-end. Apart from energy and cost savings, ceiling tiles impart incredible interior finish to residential as well as commercial buildings, making them aesthetically appealing.  Recently compiled research report of Fact.MR envisages the ceiling tiles market to record a splendid 9.1% volume CAGR in the forecast period, 2017 to 2026. Worldwide ceiling tiles sales are foreseen to close in on approximately US$ 50,000 Mn by 2026-end.

Surging awareness about the requirement of home décor, growing GHDI across emerging countries, and elevating home prices, have been prompting homeowners in making huge investments in home remodeling and renovating activities. Robust spending by individuals has been observed in the renovation activities associated with suspended ceiling panels. Growth in remodeling and renovation activities are likely to remain key trends affecting growth of the global ceiling tiles market.

Request Free Sample Report Here:

https://www.factmr.com/connectus/sample?flag=S&rep_id=640

Emerging countries are making enormous investments in the development of their commercial spaces, manufacturing plant construction, institutional buildings, and public infrastructure. For example, demonetization has led the Indian government to trim their fiscal deficit, thereby encouraging builders and consumers to make robust investments in real estate. Such developments will further rub off on demand for ceiling tiles in the forthcoming years.

Key Projections on Future of Ceiling Tiles Market for Forecast Period 2018-2027

  • The market in Asia-Pacific excluding Japan (APEJ) is expected to spearhead the market in terms of sales expansion. Increasing foreign investments particularly in India and Southeast Asia, coupled with robust construction activities apropos information technology parks and new offices that is driven by the rise in working populace is a key factor propelling the market expansion in APEJ.
  • Among product types, mineral fiber will remain sought-after in the market on account of their noise reduction characteristics.
  • Commercial application of ceiling tiles will continue to account for leading revenue share of the market. This can be mainly attributed to commercial use-specific product launches by companies, for example – Rockfon’s new stone wool ceiling panel for application in auditoriums, theatres, and restaurants.
  • Surface mount installation will remain preferred for ceiling tiles on their back of their operational convenience and user-friendly attributes.
  • Based on form, laminated ceiling tiles will continue to lead the market, in terms of both value and volume.

Mounting Demand for Commercial Spaces to Drive Demand in APEJ

Demand for commercial buildings has witness a steep rise over the past couple of years. Developing nations in Asia-Pacific excluding Japan (APEJ) such as India, China, and South Korea, as well as those in the Middle East have been making heavy expenditure on commercial spaces, including manufacturing plant construction, and institutional buildings.

PVC Ceiling Panels Gaining High Popularity

Decorative PVC panels have gained immense traction over the recent past, as one of the most beneficial and affordable materials for installing on ceilings. Greater reliability, termite resistance, and longer lifespan are key attributes of PVC ceiling panels that have propelled their demand in the construction sector. Available in a broad range of colors and patterns, PVC ceiling panels are robust, lightweight, and facilitate handling and installation, devoid of the requirement for special tools.

As easy-to-maintain PVC ceiling panels require lesser human resources, the overall cost of the product is remarkably reduced, thereby resulting into higher demand. In addition, PVC panels complement ideal overall temperature of residential or commercial spaces, which in turn enhances efficiency of air conditioners. Fire resistance property of the 100% anti-mold PVC panels has made them increasingly preferable for ceilings and walls of commercial buildings.

Manufacturers of ceiling tiles are eyeing achievement of business expansion via implementation of key strategies that include product innovation and acquisitions. Geometrix™, USG Boral’s specialty ceiling panels, designed for high-end design projects, hold promise to enable realization of most complex ceiling designs. Produced from lightweight aluminum, Geometrix 3D metal-based specialty ceiling panels lend unexpected dimension and unique perspective to ceiling spaces. Geometrix has also been made available with the high recycled content (HRC), by this global leading ceilings & plasterboard joint venture.

Have Any Query?? Ask Our Industry Expert:

 https://www.factmr.com/connectus/sample?flag=AE&rep_id=640

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us

Fact.MR

11140 Rockville Pike

Suite 400

Rockville, MD 20852

United States

[email protected]

www.factmr.com

Read Full PR Here:

https://www.factmr.com/media-release/464/ceiling-tiles-market

collect
0
avatar
Steve Blade
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more