Will Improving Consumer Confidence Boost Ceiling Tile Sales? New Fact.MR's Study Explores

Will Improving Consumer Confidence Boost Ceiling Tile Sales? New Fact.MR's Study Explores

PR Newswire

NEW YORK, Feb. 1, 2021

NEW YORK, Feb. 1, 2021 /PRNewswire/ -- Award-winning market research company Fact.MR has recently published a report on the global ceiling tiles market. According to the study, the market is poised to make credible gains in 2021, as construction activities resume amid easing lockdown restrictions in the post-pandemic world. Growth is expected to pick up pace in the following decade, registering a staggering 10% CAGR through 2031.


According to Fact.MR, the market has made unprecedented gains across the historical period, as demand for interior decoration strengthened amid increasing home ownership across key geographies. For instance, in the United States, housing mortgages represented over two-fifths of the millennials, over a third of Generation X and approximately a fifth of baby boomers by 2018-end. Thus, the market for home décor has expanded substantially in recent years.

Likewise, manufacturers are also finding lucrative opportunities across the Asia-Pacific: with India and China pivoting the region's growth. The 2021 Union Budget spells favorable conditions for the ceiling tiles market, with home loan interest ceilings likely to increase to INR 5 lakhs (US$ 6,860), thus attracting more customers. Similarly, declining mortgage rates are prompting customers in China to increase expenditure on housing, causing average residential property prices to rise by nearly 5% in 2020. In spite of the pandemic-induced recession, investments were poised to increase 6% in the East Asian giant, thus generating fertile ground for the proliferation of numerous ceiling tiles manufacturers.

"Besides the residential segment, prominent ceiling tiles manufacturers are looking to penetrate the commercial construction segment, attributed to the proliferation of office spaces and buildings in the wake of rapid urbanization, prompting large-scale migration and rising demand for high-paying jobs in the tertiary sector," remarks the Fact.MR analyst.   

Request Sample Report:


Key Takeaways from Fact.MR's Ceiling Tiles Report

Competitive Landscape

Prominent players profiled in Fact.MR's ceiling tiles market study include Armstrong World Industries Inc., Saint-Gobain S.A., USG Corporation, Knauf, Techno Ceiling Products, ROCKFON, Mada Gypsum, Odenworld Faserplattenwerk GmbH, SAS International and New Ceiling Tiles LLC among others. The primary expansion strategy of these players includes product launches to capitalize their foothold in the market.

In October 2020, Armstrong World Industries introduced its DynaMaxTM Suspension System and Continuous Load Path designed specifically for use in data center ceilings. The structure is manufactured from aluminum, capable of supporting heavy point loads. It helps eliminate penetration through the ceiling by controlling airflow in the space, minimizing leakage between the plenum and airspace.

Manufacturers are also strengthening existing partnerships by augmenting investments in high growth potential geographies. For instance, Saint-Gobain S.A and the El Volcan group announced a joint expansion of their fiber cement, mortars, insulation, plasterboard, insulation and waterproofing businesses across Peru and Argentina respectively. The joint-venture currently operates in Chile, Columbia and Brazil.

Any Specific Requirement in Your Mind? Request Report Customization:


More Valuable Insights on Ceiling Tiles Market

In its latest report, Fact.MR offers unbiased analysis of the global ceiling tiles market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of material (aluminum, fiber glass, mineral fiber/gypsum, PVC, steel, wood, and other material types [polystyrene, urethane, MDF, copper, etc.]), form (laminated ceiling tiles, fissured ceiling tiles, patterned ceiling tiles, plain ceiling tiles, textured ceiling tiles, coffered ceiling tiles, and other forms [open cell, fine ceiling tiles, etc.]), application (residential, hospitality, commercial, institutional, and industrial), and installation (drop/suspended and surface mount), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

Key Questions Covered in the Report:

Get Access to the Full Report:


Explore Fact.MR's Coverage on the Industrial Goods Domain

Dredging Market: A recent study by Fact.MR on the dredging market offers a 10-year forecast from 2021 to 2031. The study analyzes crucial trends that are currently determining market growth. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders and emerging players associated with the dredging industry. 

Conveyor Sprockets Market: Fact.MR recently published a market study on the global conveyor sprockets market. The study provides detailed assessment on key market dynamics, including the drivers, trends, opportunities, restraints, and detailed information about the conveyor sprockets market structure.  

Mist Eliminator Market: Fact.MR's extensive coverage on the mist eliminator market provides a detailed assessment on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the overall landscape, providing such key indicators as annual growth rate, value chain analysis and supply chain analysis across key segments in prominent geographies.  

About Fact.MR

Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. We are headquartered in Dubai, and operate from our sales office in Dublin, Ireland. Reach out to us with your goals, and we'll be an able research partner.


US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

Logo: https://mma.prnewswire.com/media/713666/FactMR_Logo.jpg  

Voltar noticias em Inglês