About Ceiling Tiles
Ceiling tiles are ancillary tiles and are made of various types of materials, including mineral wool, perlite, natural starch, gypsum, recycled paper, recycled tile, metal, and clay. Mineral tiles are produced from a varied number of raw materials, whereas wet tiles are produced from mineral wool, fiber, and recycled paper. Gypsum tiles are produced from soft minerals. These tiles have both functional and economic benefits; ceiling tiles aid in providing acoustics solutions, maintain the quality of air, ensure the reflection of natural light, and offer high aesthetic value.
Technavio’s analysts forecast the global ceiling tiles market to grow at a CAGR of 7.50% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global ceiling tiles market for 2017-2021. To calculate the market size, the report considers the demand for ceiling tiles from the four key regions.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Ceiling Tiles Market 2017-2021
Technavio recognizes the following companies as the key players in the global ceiling tiles market: AWI, Knauf, Rockfon, Saint-Gobain, SAS International, and USG.
Other Prominent Vendors in the market are: Chicago Metallic, Foshan Ron Building Material Trading, Grenzebach BSH, Guangzhou Tital Commerce, Haining Chaodi Plastic, Shandong Huamei Building Materials, New Ceiling Tiles, Odenwald Faserplattenwerk, and Techno Ceiling Products.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing popularity of eco-friendly buildings. The world is witnessing a growing emphasis on green construction, particularly in Asian countries. China has long been facing an air pollution crisis due to its increased industrial and construction activities. However, in recent times, the country is taking considerable steps toward reducing its carbon footprint and aiming at developing its infrastructure using green technologies.”
According to the report, one driver in the market is economic and high aesthetic value. Ceiling tiles are made from naturally occurring, processed and recycled materials such as mineral wool, clay, perlite, and cellulose mixed together, which is then subjected to heat. The raw materials used for the manufacturing of ceiling tiles are abundantly available naturally, and most of them are renewable. This significant feature of ceiling tiles can reduce the cost of production substantial, thus allowing vendors to sell the tiles at very economical prices, and hence, deliver high value.
Further, the report states that one challenge in the market is fluctuations in raw material prices. Fluctuations in the prices of raw materials such as mineral wool, gypsum, hinder the growth of the market. For instance, the prices of mineral wool and gypsum have been on a continuous rise since 2012. The increment in material costs will lead to a rise in the manufacturing cost, which inflates the price of the product. This impacts the productivity of vendors and their profit margins. Higher prices lead to a reduction in sales, thus affecting the profit margins of vendors.
AWI, Knauf, Rockfon, Saint-Gobain, SAS International, USG, Chicago Metallic, Foshan Ron Building Material Trading, Grenzebach BSH, Guangzhou Tital Commerce, Haining Chaodi Plastic, Shandong Huamei Building Materials, New Ceiling Tiles, Odenwald Faserplattenwerk, and Techno Ceiling Products.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook