Ceiling tiles are lightweight construction material and are extensively used in buildings, retail stores, offices, hotels, hospitals, drywall grid systems, etc. They deliver a superior combination of performance attributes like- excellent sound absorption, light reflectance, clean aesthetics, fire and sag resistance, thermal insulation and durability. Presently, they are increasingly being preferred over their alternatives due to their reduced environmental footprint, advantage of waste logistics and recyclability. During 2014-2018, the global ceiling tiles market grew at a CAGR of around 5.5% . The market is currently driven by factors such as increasing urbanization and industrialization rates, large scale spending on green-building projects and the rising demand for new residential structures across various countries. This report by Expert Market Research entitled “ Ceiling Tiles Market Report and Forecast 2019–2024” provides a comprehensive analysis for anyone who plans to foray into the ceiling tiles market.
Historical market trends for the global ceiling tiles industry have been provided from 2014-2018 and forecasts have been presented till 2024. On a regional level, the report has segmented the market into the following major regions – North America, Asia-Pacific, Europe and others. North America currently represents the largest market. On the basis of the product type, the global market for ceiling tiles has been segmented as mineral wool, gypsum, metal based and others. For each of the type, the report has provided both historical and future market trends. Additionally, the report has segmented the global ceiling tiles market by end-use industries which include commercial, industrial, residential and others.
The value chain analysis of the ceiling tiles industry has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales and distribution. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the ceiling tiles industry has also been provided. Some of the key players in this market include SAS International, Rockfon, Chicago Metallic Corporation, USG Corporation, Knauf, etc.
This report provides an exhaustive insight for setting-up and running a mineral wool ceiling tile manufacturing plant. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.
The following are the key questions answered by this report:
- What are the market trends for the global ceiling tile market?
- Which are the biggest markets (regions) for ceiling tile?
- What are the major types of ceiling tile? Which are the most popular?
- What are the key application areas for ceiling tile?
- Who are the key manufacturers in the ceiling tile market?
- What are the land and construction requirements to start a mineral wool ceiling tile manufacturing plant?
- What are the machinery requirements to start a mineral wool ceiling tile manufacturing plant?
- How are mineral wool ceiling tiles priced? What are the profit margins at various stages of the supply chain?
- What is the total capital investment required to start a mineral wool ceiling tile manufacturing plant?
- What are the running costs of a mineral wool ceiling tile manufacturing plant?
- How much revenue can a mineral wool ceiling tile manufacturing plant generate?
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants of the ceiling tile industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complemented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.