European Ceiling Tiles Market to Grow in Line with Construction Industry’s Steady Outlook

Ceiling Tiles

Mr. Nikhil Kaitwade, Research Head – Industrial Goods at Fact.MR discusses latest trends shaping Europe’s ceiling tiles marketplace

Introduction

Primarily driven by the growth of the construction industry, the ceiling tiles market is expected to witness an impressive demand in the coming years, mainly from developing economies wherein multiple infrastructural developments are underway. Developing countries in Asia Pacific such as India, China and South Korea along with emerging economies in Middle East present significant consumption of ceiling tiles on the back of significant infrastructural developments in process. While PVC and fiberglass continue to face scrutiny owing to the material-associated environmental hazards, demand for metal-based ceilings is gaining significant traction.

Europe remains one of the important markets for ceiling tiles, specially suspended ceilings owing to a considerable growth of the construction industry. European Union closely monitors trade activities, production as well as appropriate installation of ceiling tiles across public and private infrastructures. As the gap between new builds and renovation activities is reducing owing to a steady rise in new residential constructions, Europe is likely to present good opportunities for ceiling tiles manufacturers.

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What are the EU classification system standards that monitor building products including different types of ceilings?

For ceiling tiles manufacturers, CE certification mark is necessary to market their products within the European Economic Area (EEA) which in turn is regulated by the Construction Products Regulation (EU) No 305/2011. Manufacturers are also engaged in receiving LEED certification to ensure green standards of their offerings. In addition, installation of ceiling tiles is also a past of ‘fire prevention strategy’ of private and public building constructions in different European countries. According to the EU classification system, incombustible or low combustible ceilings are classified according to EN 13501-1.

With respect to Europe’s construction industry, what are the future prospects for the ceiling tiles market in the region?

Europe’s construction industry forms an economically important pillar of the European economy. Over the past few years, there has been significant growth in the construction sector in major European countries, thereby fuelling the demand for ceiling tiles. However, as per Euroconstruct’s forecast, the construction market is projected to witness stabilization with declining rates of construction projects in pipeline and slow down of new building output. A projected spurt in civil engineering with major investments aimed at the development of rail, road and energy infrastructures, investments in residential or commercial infrastructure will be affected in the coming years.

How does European Commission ensure ceiling tiles market’s competitiveness?

The European Commission closely monitors business developments happening in the construction products market while ensuring sustenance of the regional market and maintaining market competitiveness. For instance, the European Commission approved Knauf’s acquisition of Armstrong’s ceiling business, subject to specific conditions. Before approval commission was concerned of reduced competition in the market, especially mineral fiber tiles for modular suspended ceiling and grids for modular suspended ceilings. To address commission’s concerns, Knauf offered divestment of Armstrong’s mineral fiber tiles production plants and transfer of sales team while ensuring viability and competitiveness of the market.

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Supriya Bhor

Having Knack for precision, I take a meticulous approach to find informative pieces of news across industries such as technology, ICT, healthcare and F&B to name a few. Follow me to catch the latest trend.

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Supriya Bhor

About the Author: Supriya Bhor

Having Knack for precision, I take a meticulous approach to find informative pieces of news across industries such as technology, ICT, healthcare and F&B to name a few. Follow me to catch the latest trend.

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