123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Real-Estate-and-Foreclosure >> View Article

Global Ceiling Tiles Market Is Projected To Register A Cagr Of Over 7%

By Author: Krishna R
Total Articles: 2
Comment this article

Ceiling tiles, also known as ceiling panels, are placed in the aluminum framework to cover the ceiling area. Ceiling tiles are lightweight and are excellent sound absorbers. Also, ceiling tiles provide thermal insulation and fire insulation and are presently widely used to improve the acoustics of a confined space and to enhance the aesthetic look of a room. Gypsum, mineral fiber, and metals are the main raw materials used for manufacturing ceiling tiles.

Rapid industrialization and urbanization have boosted construction activities in various countries, and increasing investments in the development of infrastructure in emerging economies in Asia Pacific region are major factors driving the growth of the global ceiling tiles market. In addition, rising standards of living, rising demand for better aesthetic designs, and increasing disposable income are factors further fueling the growth of the global ceiling tiles market. These trends are further expected to drive the growth of the target market during the forecast period. Governments of various countries are encouraging adoption of ceiling tiles over conventional ones in order to reduce carbon footprint. Also, these tiles can possibly be recycled, which is another factor further driving adoption of and installation, especially in developed countries.

Major factors hampering growth of the global ceiling tiles market are the availability of substitutes such as mortar and asphalt and volatility of the cost of raw materials. Moreover, increasing use of ceiling tiles in green building projects is expected to present new opportunities to existing as well as new players in the market.

The global ceiling tiles market is segmented on the basis of product, application, and region.

North America dominates the global market in terms of revenue contribution and is expected to maintain its dominance during the forecast period. Europe holds second position and is expected to witness relatively moderate growth and register a CAGR of XX% during the forecast period. Among other regions, Asia Pacific is expected to witness exponential growth in terms of revenue generation during the forecast period. This growth is attributed to increasing construction activities, changing standards of living, and rising disposable income in emerging economies such as India, China etc.

Key players in the global ceiling tiles market include Knauf, Armstrong Worldwide Industries Inc., Saint-Gobain S.A., USG Corporation, SAS International, Odenwald Faserplattenwerk GmbH, LLC, ROCKFON, Chicago Metallic Corporation, and Shandong Huamei Building Materials Co.

https://marketresearch.biz/report/ceiling-tiles-market/

Total Views: 67Word Count: 384See All articles From Author

Add Comment

Real Estate and Foreclosure Articles

1. How To Choose A Realtor To Sell Your House?
Author: Rick Lopez

2. House For Rent In Noida
Author: rentxzindia

3. Hmda Approved Standalone 200 Sq.yd Plots For Sale @ 20 Lakhs In Ibrahimpatnam
Author: property Adviser

4. Vsk Infrastructures : Building Construction And Infrastructure Development In India
Author: VSK Infrastructures : Building construction and In

5. Los Mejores Sitios Web Para Casas Y Apartamentos En Venta
Author: Venta de Casas y Apartamentos

6. All To Know About Custom Builders In Toronto
Author: Rick Lopez

7. Discover Smart Steps To Save Money On Your New Home
Author: Heatherland Homes

8. Design Values Of Architecture
Author: Access Architects

9. What To Look In A Paying Guest Accommodation?
Author: Siana Roshan

10. Don’t Discard The Notion Of Hiring A Real Estate Agent
Author: Lesley Gallagher

11. Top 10 Hill Stations To Buy A Retirement Home In South India
Author: Expert

12. The Basics Of What Are Some Of The Best Location In Nilgiris To Live In?
Author: Expert

13. Factors To Look-over Before Buying Hill Station Property
Author: Xpert

14. Best Hill Station Hangout Place For Professional Youngsters You Really Need To Read
Author: Expert

15. How To Choose The Best Myrtle Vacation Properties
Author: Surfside Beach House Rentals

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: