Market Research Reports

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.transparencymarketre...

The   global ceiling tiles market   features a diversified competitive landscape owing to the presence of a large number of small-medium-, and large-scale companies, with the leading four companies collectively accounting for a meagre 34% of the entire market in 2015, observes a recent report by Transparency Market Research. Mirroring the competitive dynamics of a typical fragmented marketplace, cost pressures, need to bring in products with innovative features and designs, and technological advancements in manufacturing processes are key for market players to excel and strengthen their positions in the market.  Companies can be seen focusing on the development of environmentally viable products to exploit the growth potential of the ‘go-green’ trend in the construction sector of late. Leading vendors such as Saint-Gobain, Armstrong World Industries, USG Corporation, and Knauf already boast a variety of products that rank high on the environment sustainability met...