Ceiling tiles market - Booming construction sector bolsters Growth

The global market for ceiling tiles is a medley of a large number of medium, large, and small-sized companies, says Transparency Market Research (TMR) in a new report. The leading four names in the market, Armstrong World Industries Inc., USG Corporation, Saint-Gobain S.A., and Knauf held 33.9% of the overall market in 2015 on account of their unwavering winning strategies. This includes consistent product innovation and use of technology for improvements in existing products. To further boost their market presence, these companies are engaged in the development of environmentally sustainable products.

As per the report by TMR, the global ceiling tiles market is projected to reach a valuation of US$51.3 bn until the end of 2024, considerably up from its evaluated value of US$21.6 bn in 2015. The global ceiling tiles market is expected to rise at a CAGR of 10.1% for the forecast period between 2016 and 2024.

Browse Market Research Report @ http://www.transparencymarketresearch.com/ceiling-tiles-market.html

North America is expected to lead amongst other key regional segments in the ceiling tiles market. The region is expected to hold a share of 31.8% by the end of 2024. In terms of product, the segment of mineral wool is expected to display substantial growth expanding at a CAGR of 10.2% between 2016 and 2024. The growth of this segment is mainly because of environmentally sustainable new construction undertakings in developed as well as developing economies.

Environmental Benefits of Ceiling Tiles over Conventional Products Boost Uptake

Due to rampant industrialization and urbanization, construction activities have received a boost across the world. In particular, large investments for infrastructural development in emerging economies of Asia Pacific and South America is leading to a large number of construction undertakings. These factors are directly influencing the demand for ceiling tiles on account of cost and other advantages such as acoustics and thermal insulation. Therefore, ceiling tiles are best suited for low-cost accommodations that are designed for low-income group individuals.

Some other factors stoking growth of the ceiling tiles market are rising GDPs, increasing disposable incomes, demand for better designs and aesthetics, and improved standard of living. At present, ceiling tiles find applications in residential, non-residential, and industrial spaces as these tiles are recyclable. Due to the advantage of reducing carbon footprint, ceiling tiles are increasingly being adopted for environmentally sustainable construction in place of conventional ones. Amongst several types of ceiling tiles, mineral wool ceiling tiles are anticipated to garner significant market share due to their low cost advantage to landfills. Thus, they provide a sustainable solution for waste management over other products.

For more information on this report, fill the form @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2073

Availability of Par Excellence Substitutes Challenges Growth

However, the growth of the global ceiling tiles market is restrained due to several factors. The availability of substitutes such as asphalt and mortar that have been identified to be at par with ceiling tiles is expected to hamper the market’s growth. Furthermore, fluctuating raw material prices is challenging the growth of ceiling tiles market. For instance, prices of mineral wool and gypsum have been consistently rising since 2012, which has negatively impacted the cost of ceiling tiles.

The global ceiling tiles market is segmented as follows:

Ceiling Tiles Market – Product Analysis

Mineral Wool

Metal

Gypsum

Others

Ceiling Tiles Market – Application Analysis

Residential

Non-residential

Hospitality

Commercial

Institutional

Industrial

The review presented is based on the findings of a report by Transparency Market Research, titled “Ceiling Tiles Market (Product - Mineral Wool, Metal, and Gypsum; Application - Residential, Non-residential, Industrial, Hospitality, Commercial, and Institutional) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @ http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry Had

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @ http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi

Market Research Reports

Search This Blog