According to a new analytical report of Fact.MR, the global ceiling tiles market is foreseen to reflect an impressive 9.5% value CAGR through the period of forecast, 2017 to 2026. Global sales of ceiling tiles are estimated to reach nearly 12,000 Million Sq. Ft. by 2026-end. Apart from energy and cost savings, ceiling tiles impart incredible interior finish to residential as well as commercial buildings, making them aesthetically appealing.
Mounting Demand for Commercial Spaces to Drive Demand in APEJ
Demand for commercial buildings has witness a steep rise over the past couple of years. Developing nations in Asia-Pacific excluding Japan (APEJ) such as India, China, and South Korea, as well as those in the Middle East have been making heavy expenditure on commercial spaces, including manufacturing plant construction, and institutional buildings.
India will continue to be at the forefront of APEJ’s construction industry, with infrastructure accounting for bulk share of the construction activities. Reduced interest rates have encouraged consumers in the country to make investments in real estate. This has further prompted several builders to commence both commercial and residential projects, thereby creating opportunities for ceiling tiles.
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PVC Ceiling Panels Gaining High Popularity
Decorative PVC panels have gained immense traction over the recent past, as one of the most beneficial and affordable materials for installing on ceilings. Greater reliability, termite resistance, and longer lifespan are key attributes of PVC ceiling panels that have propelled their demand in the construction sector. Available in a broad range of colors and patterns, PVC ceiling panels are robust, lightweight, and facilitate handling and installation, devoid of the requirement for special tools.
As easy-to-maintain PVC ceiling panels require lesser human resources, the overall cost of the product is remarkably reduced, thereby resulting into higher demand. In addition, PVC panels complement ideal overall temperature of residential or commercial spaces, which in turn enhances efficiency of air conditioners. Fire resistance property of the 100% anti-mold PVC panels has made them increasingly preferable for ceilings and walls of commercial buildings.
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Development of application-specific and innovative products has remained a key strategy among prominent manufacturers of ceiling tiles, in order to attain strong market position and realize optimum business expansion. For example, Rockfon had lauched a new ceiling tile made from stone wool suitable for filming, music, and live performances, under the brand – Cinema Black, for applications in commercial spaces such as auditoriums, theatres, and restaurants.
Table of Content Covered in this reprt are:
1. Executive Summary
1.1. Summarizing Key Findings
1.2. Key Strategic Themes
1.3. Highlighting Action Area – Wheel of Fortune
2. Global Ceiling Tiles Market Overview
2.2. Market Definition and Scope
2.3. Market Taxonomy and Segments Captured
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3. Global Ceiling Tiles Market Outlook
3.1. Market Size (US$ Mn) and Forecast, 2012-2026
3.2. Market Y-o-Y Growth
3.3. Forecast Factors and Relevance of Impact
4. Global Ceiling Tiles Market Dynamics
5. Supply Chain and Value Chain Assessment
6. Actionable Insights and Analysis
6.1. Technology Roadmap
6.2. Competition Footprint Matrix
6.3. Scenario Forecast
6.4. PESTLE Analysis
6.5. Porter’s Five Forces Analysis
6.6. Product Life Cycle
6.7. Investment Feasibility Matrix
6.8. Key Participants Market Presence (Intensity Map) By Region
7. Global Market Analysis and Forecast, 2012-2026
7.1. Analysis and Forecast by Material Type
7.1.1. Revenue (US$ Mn) Comparison, By Region
7.1.2. Market Share Comparison, By Region
7.1.3. Y-o-Y growth Comparison, By Region
7.2. Analysis and Forecast By Form
7.2.1. Revenue (US$ Mn) Comparison, By Region
7.2.2. Market Share Comparison, By Region
7.2.3. Y-o-Y growth Comparison, By Region
7.3. Analysis and Forecast By Application
7.3.1. Revenue (US$ Mn) Comparison, By Region
7.3.2. Market Share Comparison, By Region
7.3.3. Y-o-Y growth Comparison, By Region
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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.
Mr. Shambhu Nath Jha is a seasoned consultant and researcher. His research papers have been published in reputed websites and trade journals. His interests include philosophy and history.