One of the benefits of using ceiling tiles is that they can be easily fixed and removed without causing any damage to the system. Ceiling tiles, however, have a low water resistance and are vulnerable to termite attacks. They are currently available in different colours, textures, designs and finishes which include antique, cracked, copper, aged copper, powder coated, etc.
In the recent years, the importance of ceiling tiles has become increasingly apparent as there has been a rising demand for better structural and aesthetic designs in the construction industry. Moreover, increasing industrialization rates, infrastructure spending, constant product innovations, technological improvements, construction of new residential spaces and a growing demand for green building materials have added to the growth of the ceiling tiles market. According to a new report by Expert Market Research, the global ceiling tiles market reached a value of US$ 25 Billion in 2018 and is further expected to reach US$ 37 Billion by 2024.
Key findings from the report:
Expert Market Research has analyzed the global ceiling tiles market according to segment, application, region and major players:
Market breakup by Segment
Market breakup by Application
Market breakup by Region
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"Global Ceiling Tiles Market: By Segment: Mineral Wool, Gypsum, Metal; By Region: North America, Europe, Asia-Pacific; By Application: Commercial, Industrial, Residential: Competitive Landscape: Historical Supply and Demand (2014-2018); Supply and Demand Forecast (2019-2024); Capital Investment; Operating Expenditures; Project Economics"
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