DUBLIN, May 27, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/rs8pl9/ceiling_tiles) has announced the addition of the "Ceiling Tiles Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" report to their offering.
Ceiling tiles, also known as ceiling panels are sound absorbing, lightweight construction materials which are used to cover a ceiling area. These lightweight tiles are used in the interior of buildings, placed in an aluminum grid for the primary purpose of enhancing the acoustics of a room, besides providing thermal insulation. Owing to the product classification, primary raw materials such as mineral fiber, gypsum and metals are used in the production of these materials.
Ceilings tiles are majorly used in the construction industry, which is further bifurcated into commercial, residential, and industrial applications. The primary components of suspended acoustic ceilings are acoustical and suspension grid panels, where the composition of each varies depending upon the end-use application. Based on their uses, ceiling tiles are widely applied in hotels, offices, transportation terminals, retail stores, hospitals as suspension, building perimeter and drywall grid systems.
Rise in construction activities has been has been one of the major growth factors for the ceiling tiles market. Moreover, environmental and financial benefits associated with the waste logistics of ceiling tiles have resulted in certain manufacturers focussing towards augmenting the volume of recycled ceiling tiles.
However, price fluctuations in vital energy sources for manufacturing ceiling tiles such as crude oil, is expected to hamper the growth of the market. As buildings with low environmental impact are growing in importance with several green building movements, ceiling tiles are being increasingly implemented in various green building projects, which is anticipated to provide new opportunities for the growth of the market.
Mineral wool was the majorly consumed ceiling tiles in the industry in 2012 and accounted for over 40% of the market share. Owing to its wide application scope in various educational and commercial applications such as offices, schools, hospitals and retail stores among others, mineral wool ceiling tiles are the principal choice of ceiling solutions.
Moreover, demand for this product is expected to be strong with certain benefits associated with the waste logistics of mineral wool. With the increasing demand for eco-friendly and biodegradable building materials, gypsum ceiling tiles are expected to gain significant market share and witness the fastest growth in the industry over the forecast period.
The commercial ceiling tiles industry has been witnessing significant growth owing to the increasing construction activities of offices and hotels in developed as well as emerging regions such as Asia Pacific. It has remained a vital part of the economy despite being negatively impacted by the global economic downturn. Industrial application segment had the second largest share in ceiling tiles market.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Ceiling Tiles - Industry Analysis
Chapter 4 Global Ceiling Tiles Market - Product Segment Analysis
Chapter 5 Global Ceiling Tiles Market - Application Analysis
Chapter 6 Global Ceiling Tiles Market - Regional Analysis
Chapter 7 Company profiles
- Armstrong World Industries, Inc.
- Chicago Metallic Corporation, LLC
- Grenzebach BSH GmbH
- Odenwald Faserplattenwerk GmbH
- SAS International
- Saint-Gobain S.A.
- USG Corporation
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SOURCE Research and Markets