Ceiling Tiles Market Analysis | 2024-2030

Market Insights

The ceiling tiles market value was USD 9.5 billion in 2024 and is likely to grow at a CAGR of 6.6% during 2024-2030 to reach USD 14.0 billion in 2030.

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Market Dynamics

Introduction

Ceiling tiles are commonly considered the most important interior design items that have practical functions and aesthetic value. These tiles are useful in improving the acoustics, fire rating, and insulation. It is used in most commercial buildings, schools, and health facilities because they are a cheap way to change the interior designs. Ceiling tiles are available in different designs, textures, and colors; thus, one can always have ceiling tiles that they want while meeting their need at the same time. Moreover, they can cover wiring pipes and ducts and other related structures thus helping in having a neat and presentable outlook.

Recent Market JVs and Acquisitions:

A huge number of strategic alliances including M&As, JVs, etc. have been performed over the past few years:

• In June 2024, Saint-Gobain signed the definitive agreement to purchase FOSROC, a global manufacturer of construction chemicals. This acquisition is strategic to the growth plan of Saint-Gobain in the construction chemicals industry and strengthens its market standing?.
• In July 2023, Armstrong World Industries bought out BOK Modern, LLC which is into modern architectural metal systems. The rationale for this acquisition was to improve Armstrong’s Architectural Specialties segment; expanding products and design?.
• In March 2023, Gebr. Currently, Knauf KG bought 50% of the USG Boral Joint Venture from Boral Limited which helped it to expand in ceiling tiles and offered to broaden the company’s product range of building materials globally.

Recent Product Development:

• In April 2024, Armstrong World Industries used a brilliant campaign to introduce the ULTIMA Low Embodied Carbon (ULTIMA LEC) ceiling panels. These panels provide 43% less embodied carbon than equivalent ULTIMA items; are manufactured with biochar from sustainably sourced wood and are USDA accredited as 100% biobased.
• In December 2023, the company’s product portfolio is a modern gypsum range launched by Saint-Gobain Gyproc India along with new gypsum wallboards and a new ceiling tile product.

Market Segments' Analysis

By Material Type

“Mineral Fiber is said to be dominating the material of the market during the forecast period”.

• The market is segmented into Mineral Fiber, Metal, Gypsum, and Others (Wood Ceiling Tiles, Composite Ceiling Tiles, and Plastic Ceiling Tiles).
• Mineral fiber ceiling tiles are by far the most popular mainly due to their good sound insulation, and economical and fire-resistant features. These tiles are excellent performers in noise attenuation, and therefore the most appropriate solution that can be used in offices, schools, and hospitals among other places. Such an aspect of the material is also beneficial because it is fire resistant and thus safe and conforms to the codes of architectural construction. Furthermore, mineral fiber tiles are commonly cheap and therefore suitable when purchasing larger quantities or for large organizations in commercial and especially institutional projects.
• In addition, the mineral fiber tiles are extremely flexible and may be further (cut, shaped, etc.) according to existent design and/or intended functionality. They are available in different forms, colors, sizes, textures, and even finishes thus meeting the architectural or designer need for appearance, sound insulation, and safety. This also contributes to their convenience in installations and fixing, and also standard in newly constructed buildings and renovations.

By Property Type

“Acoustic is said to be dominating the market during the forecast period”.

• The market is segmented into Acoustic and non-acoustic.
• It is apparent that acoustic ceiling tiles are claiming a dominant position in this market because in a world of continuous noise rise across various environments, noise control especially in the commercial and institutional spheres is gaining increasing importance. Such tiles can reduce the level of noise and increase comfort during work and learning, as they are made to act as sound insulators. For example, acoustic tiles assist in undermining disturbances and facilitate speech clarity in offices hence improving employee performance and interactions. In schools, they beautify Estates; also have beneficial effects by minimizing noise levels in classrooms, and lecture halls.
• The other reason why acoustic tiles are demanded is due to the requirement of building codes and standards that emphasize the acoustic performance of the building. In healthcare facilities, these tiles are particularly important for achieving a calm and noise-free environment that is required for patients’ speedy recovery and comfort. The awareness of the effects of noise on health and standards of living also increases the demand for acoustic ceiling tiles. Hence, several manufacturers carry on the process of introducing products that deliver even better acoustic characteristics as well as additional features like energy efficiency and eco-friendliness.

By End User Type

“Non-Residential is said to be dominating by end-user of the market during the forecast period”.

• The market is segmented into Residential and Non-Residential.
• The ceiling tiles market, the non-residential sector is the largest consumer of such products due to usage of these products in different types of commercial, institutional, and industrial buildings. Ceiling tiles are used in all these environments to boost the acoustic properties, appearance, and fire resistance. Offices, schools, hospitals, retail outlets and spaces, industrial buildings, and other establishments need special types of ceiling systems that would have certain functional specifications. Thus, the enormous demand for such civil constructions also impacts the utilization of ceiling tiles as they are installed in different regions including working spaces, classrooms, corridors, lobbies, etc.
• Further, the non-residential market is fuelled continuously by construction and renovation that seeks to improve on the existing edifices and put up new structures. There is always the demand for advanced ceiling tiles that are modern, efficient, and adherent to the law to meet the needs of the buildings. Furthermore, another growing segment in non-residential constructions is increasing concern for sustainability and green building which also increases the requirement for ceiling tiles with energy efficiency, low VOC emissions, and better Indoor Air Quality. Thereby, new products ranging from single component systems, one-coat walls, and specialty coatings suited for non-residential building structures are produced, which in turn further strengthens the sector.

Regional Insights

“North America is the largest whereas, Asia-Pacific is the fastest-growing region of the ceiling tiles market for ceiling tiles during the forecast period”.

• North America has the biggest market share for ceiling tiles because of the strengthened construction business and many requests for repair and modernization. The markets of the region are rather mature, nevertheless, the focus here is made on such values as safety and acoustics connected with high-performance building materials. The heavy demand for ceiling tiles comes from offices, healthcare facilities, educational areas, and other commercial zones that require enhancement in the level of acoustic and fire rating while incorporating an aesthetically appealing appearance into the construction design. In addition, the progression to environment-friendly and energy-saving construction practices drives the use of superior ceiling tile solutions in the North American region.
• Asia-Pacific is the fastest-growing market for the ceiling tiles market due to rising population, and increased construction activities resulting from urbanization and industrialization in countries like China, India, and South East Asia. Most of the region is on a construction spree as investments for infrastructural development, buildings, and houses are on the rise. This increases the construction activity and in turn brings in a huge market for ceiling tiles which enhance the acoustic solution, energy, and beauty of buildings.

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Key Players

The market is partially fragmented across the region. Most of the major players compete in some of the governing factors including price, service offerings, regional presence, etc. The following are the key players in the ceiling tiles market:

Here is the list of the Top Players (Based on Dominance)

• Saint-Gobain S.A.
• Armstrong World Industries, Inc.
• Gebr. Knauf KG
• Hunter Douglas
• KET Ceilings
• Aerolite Industries Pvt. Ltd.
• Rockfon
• Odenwald Faserplattenwerk GmbH
• Georgia-Pacific
• SAS International

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering a period of 12 years of trends and forecasts. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The ceiling tiles market is segmented into the following categories.

By Material Type

• Mineral Fiber (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
• Metal (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
• Gypsum (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
  • Wood Ceiling Tiles (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
  • Composite Ceiling Tiles (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
  • Plastic Ceiling Tiles (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)

By Property Type

• Acoustic (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
• Non-Acoustic (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)

By End User Type

• Non-Residential (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
  • Institutions (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
  • Hospitals (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
  • Offices (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)
• Residential (Regional Analysis: North America, Europe, Asia-Pacific, and The Rest of the World)

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s ceiling tiles market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances.

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