Ceiling Tiles Market Analysis, Size, Growth, Share & Forecast to 2025 | Grand View Research Inc.
“Ceiling Tiles Market Size Worth $9.91 Billion by 2025 | CAGR: 9.3%�
The global ceiling tiles market size is expected to reach USD 9.91 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 9.3% during the forecast period. The positive growth trends in the commercial construction sector across the globe are expected to play a vital role in creating ample scope for the consumption of building materials thereby driving the market growth. Ceiling tiles are utilized primarily for providing better acoustic insulation to interior constructions. The raw materials such as mineral wool, metal, and gypsum have significant noise reduction coefficient and they are light in weight and environment-friendly; which makes them favorable for use in ceiling systems. This factor is projected to drive the product demand in the forthcoming years. The market participants supply ceiling tiles through different distribution channels including direct supply, wholesale or bulk selling, third-party supply contracts, and through online portals. The major players are expected to be benefited from third-party agreements, by obtaining access to the regional distribution and marketing networks.
Rising demand for decorative interiors and exterior in the construction sector has urged the use of advanced designing and printing technologies in the building materials market. Innovation in an enhancement of aesthetics of non-residential buildings is expected to create new avenues for research and development in terms of providing improved visual effects and finishing of ceilings. Environmental concerns regarding waste generation are expected to create the need for inventions in recycling and reuse technologies in the ceiling tiles market. Recycling of waste mineral tiles has boosted sustainable development in the industry and has minimized the dumping of ceiling tiles in landfills primarily in developed economies of North America and Europe.
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