Growth Opportunities in the Global Mineral Fiber Ceiling Market
According to a new market report published by Lucintel, the future of the global mineral fiber ceilingmarket looks good with opportunities in the residential and commercial construction industry. Theglobal mineral fiber ceiling market is expected to reach an estimated $4.3 billion by 2021 and it isforecast to grow at a CAGR of 3.9% from 2016 to 2021. The major drivers of growth for this marketare an increase in renovation activities, growth of commercial construction, and demand for ceilingproducts with high performance features such as being lightweight and having acoustic propertiesand excellent light reflection.
In this market, commercial renovation, commercial new, and residential are the segments by enduse. On the basis of its comprehensive research, Lucintel forecasts that mineral fiber ceiling in newcommercial building is expected to show above average growth during the forecast period of 2016to 2021 due to higher rate of new commercial construction activity and economic growth inemerging economies like China and India.
Within the global mineral fiber ceiling market, commercial renovation is expected to remain thelargest segment during the forecast period as increasing renovation activities are the major drivingforces that spur growth for this segment over the forecast period.
For business expansion, Lucintel’s report suggests innovation and new product development,particularly in terms of energy-efficiency, high performance sound absorption, fire safety features,and using recycled raw materials to make mineral fiber ceilings more efficient and cost effective.This unique report from Lucintel will provide you with valuable information, insights, and toolsneeded to identify new growth opportunities and operate your business successfully in this market.This report will save hundreds of hours of your own personal research time and will significantlybenefit you in expanding your business in this market. In today’s challenging economy, you needevery advantage that you can find.
Scope and Features of This Report:
To make critical business, investment, or strategic decisions, you need timely useful information.
This market report fulfills this core need and is an indispensable reference guide for materialsuppliers, product manufacturers, investors, executives, distributors, and more that operate in thismarket. Some of the features and scope of this report include the following: