The global ceiling tiles market is estimated to value US$ 4,228.6 Mn, and is projected to register a CAGR of over 7% in terms of value during forecast period 2017–2026. Ceiling tiles industry uses naturally occurring, processed raw materials instead of virgin raw materials. Use of recycled raw materials reduces production costs, thus allowing manufacturers and vendors to sell the products at lower cost, as compared to products manufactured using virgin materials This is one of the major factor expected to drive growth of the global ceiling tiles market.

Global Ceiling Tiles Market Segments Analysis:

Analysis by Product Type:

Among the Mineral Wool, Metal, Gypsum product types, mineral wool segment is expected to account for major share of over 40% in terms of revenue in 2017.

Analysis by application:

Among the three application segments, residential, commercial and industrial, the commercial segment in the global ceiling tiles industry is estimated to account for majority revenue share of more than 50 % by end of 2017.

Global Ceiling Tiles Market Competitive Analysis:

Companies profiled in this report Knauf Gips KG, Armstrong World Industries, Inc., Compagnie de Saint-Gobain S.A., USG Corporation, SAS International, Odenwald Faserplattenwerk GmbH, Shandong Huamei Building Materials Co., Ltd., Burgess CEP, Hunter Douglas NV, Rockwool International A/S.

Source of Infographics: Ceiling Tiles Market Infographics by MarketResearch