Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 8.20 Billion | USD 14.40 Billion | 5.8% | 2024 |
The global ceiling tiles market size was worth around USD 8.20 Billion in 2024 and is predicted to grow to around USD 14.40 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 5.8% between 2025 and 2034. The report analyzes the global ceiling tiles market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the ceiling tiles industry.
Ceiling tiles also referred to as ceiling panels are low-weighing construction materials that are utilized for covering ceilings. These products are placed within an aluminum grid and offer thermal insulation. These ceiling tiles are designed for enhancing the aesthetic appeal of the room. These tiles can be easily customized based on size, coloration, and design, thereby enhancing their demand in various kinds of construction activities. Reportedly, these tiles are used in commercial & residential constructions such as retail stores, hotels & restaurants, and hospitals & clinics.
Thriving construction sector will spearhead the global market expansion over the forecast timespan
An increase in the construction of new offices, healthcare units, and shopping malls is predicted to define the growth of the global ceiling tiles market in the years ahead. Apart from this, escalating demand for thermal and acoustic insulation along with growing consumer preference for improving the aesthetic appeal of offices will prompt global market trends. Large-scale application of products in sustainable construction activities along with the demand for eco-friendly materials for ceilings and flooring is expected to steer the global market dynamics over the years ahead.
Manufacturers make use of backward & forward integration strategies and this will expand the scope of the demand and growth of the ceiling tiles, thereby embellishing the expansion of the global market. The global market is predicted to expand by leaps & bounds subject to a notable rise in investments in creating ceiling tiles possessing strong fire-resistant abilities. A surge in the number of green constructions in emerging economies owing to growing awareness about reducing the greenhouse effects is projected to expand the global market space. Launching new units for expanding the production capacity of ceiling tiles will prop up the global market size in the coming years. For instance, in the first half of 2021, Saint-Gobain Gyproc launched a ceiling tile production establishment in India. The move is aimed at reducing carbon footprints in the country.
Massive product costs and proneness of product to damage can hinder the global industry expansion by 2030
Interruptions in supply chain activities and factory shutdowns can restrict the growth of the ceiling tiles industry across the globe. High product costs and an increase in the product susceptibility to damage will inhibit the demand for ceiling tiles in the upcoming years.
Huge product penetration in emerging economies will open new growth domains for the global market
Escalating product demand in the emerging economies of the Middle East & Africa and Asia-Pacific will open new facets of growth for the global ceiling tiles market in the years ahead. A surge in the purchasing power of the consumers has translated into massive sales of the product in the residential and commercial sectors. This, in turn, has opened a plethora of opportunities for the global market.
Oscillating product costs can put a big challenge for the global industry over 2023-2030
Fluctuations in the costs of raw components and supply chain disruptions can create a huge challenge for the global ceiling tiles industry in the foreseeable future. Apart from this, an increase in the installation costs of ceiling tiles has led to their reduced demand across the residential sector and this has transformed into a big obstruction for the global industry surge.
The global ceiling tiles market is sectored into material type, property type, end-user, and region.
In material type terms, the global ceiling tiles market is segregated into mineral fibers, metal, gypsum, and others segments. Furthermore, the gypsum segment, which acquired nearly 70% of the global market revenue share in 2024, is predicted to register the highest CAGR in the upcoming years. The growth of the segment in the forecasting timespan can be subject to a slew of benefits offered by the products such as deployment ease, low weight, and reduced maintenance & repairing charges.
Based on the end-user, the global ceiling tiles industry is sectored into residential and commercial segments. Moreover, the commercial segment, which accrued a large chunk of the global industry share in 2024, is expected to lead the global industry over the analysis timeline. The segmental expansion over the assessment timeframe can be due rise in the construction of commercial structures globally. Furthermore, surging investments in commercial construction activities in countries such as Brazil, India, and South Korea will spearhead the global market expansion over the projection period. Reportedly, ceiling tiles are commonly utilized in a variety of commercial spaces such as hospitality, healthcare, retail, diagnostic centers, and clinics. These products can improve the aesthetic sense of commercial edifices along with improving their thermal and acoustic insulation abilities.
In terms of property type, the global ceiling tiles market is segregated into acoustic and non-acoustic segments.
By End-user, the global ceiling tiles market is split into Residential, Commercial (Offices, Hotels, Hospitals, Malls), Industrial.
In terms of Installation Type, the global ceiling tiles market is categorized into Drop/Suspended, Surface-Mounted.
Report Attributes | Report Details |
---|---|
Report Name | Ceiling Tiles Market |
Market Size in 2024 | USD 8.20 Billion |
Market Forecast in 2034 | USD 14.40 Billion |
Growth Rate | CAGR of 5.8% |
Number of Pages | 227 |
Key Companies Covered | BYUCKSAN, AWI Licensing LLC, Knauf Gips KG, Odenwald Faserplattenwerk GmbH, Saint-Gobain Gyproc, ROCKWOOL International A/S, Hunter Douglas, HIL Limited, KET Ceilings, USG Corporation, SAS International, and others., and others. |
Segments Covered | By Material Type, By Application, By End-user, By Installation Type, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is anticipated to retain its leading position in the global ceiling tiles business over the expected timeframe
North America, which contributed about half of the global ceiling tiles market revenue in 2024, will be a dominating region over the projected timeline. Furthermore, the regional market growth can be due to a large-scale presence of mammoth players in the countries such as Canada and the U.S. Product innovations and demand for acoustic insulation will favorably leverage the growth of the market in the region.
Asia-Pacific ceiling tiles industry is set to register the fastest CAGR in the forthcoming years owing to a rise in the spending of consumers in construction activities. Surge in the refurbishment activities in the Southeast Asian countries will further prop up the industry expansion in the region.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the ceiling tiles market on a global and regional basis.
The global ceiling tiles market is dominated by players like:
The global ceiling tiles market is segmented as follows;
By Material Type
By Application
By End-user
By Installation Type
By Region
FrequentlyAsked Questions
Ceiling tiles also referred to as ceiling panels are low weighing construction materials that are utilized for covering ceilings.
The global ceiling tiles market is expected to grow due to growth in commercial and residential construction, demand for acoustic and thermal insulation, and increasing adoption of aesthetic interior solutions.
According to a study, the global ceiling tiles market size was worth around USD 8.20 Billion in 2024 and is expected to reach USD 14.40 Billion by 2034.
The global ceiling tiles market is expected to grow at a CAGR of 5.8% during the forecast period.
The Asia-Pacific ceiling tiles industry is set to register the highest CAGR over the forecasting timeline owing to a rise in the spending of consumers in construction activities. Surge in the refurbishment activities in the Southeast Asian countries will further prop up the industry expansion in the region.
Leading players in the global ceiling tiles market include BYUCKSAN, AWI Licensing LLC, Knauf Gips KG, Odenwald Faserplattenwerk GmbH, Saint-Gobain Gyproc, ROCKWOOL International A/S, Hunter Douglas, HIL Limited, KET Ceilings, USG Corporation, SAS International, and others., among others.
The report explores crucial aspects of the ceiling tiles market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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