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Mineral Wool Ceiling Tiles Market

Global Mineral Wool Ceiling Tiles Market Size, Share, Growth: By Application: Residential, Non-Residential; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032

Global Mineral Wool Ceiling Tiles Market Outlook

The global mineral wool ceiling tiles market size was nearly USD 11.46 billion in 2023. The industry is further projected to grow at a CAGR of 5% over the forecast period of 2024-2032 to attain a value of USD 17.82 billion by 2032.

 

Mineral Wool Ceiling Tiles Market

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The industry is being driven by the growing environmental concern and increased need to adopt sustainable and eco-friendly materials in the construction sector.
Currently, the non-residential segment is the leading application sector in the industry, accounting for a significant market share. Region-wise, North America is the leading mineral wool ceiling tiles market. The industry growth in the region can be attributed to the rise in demand for eco-friendly building materials such as mineral wool ceiling tiles coupled with the growth of the construction sector. Mounting disposable incomes and rising living standards have enabled consumers to opt for luxurious housing projects and other infrastructural developments. This has further increased the demand for mineral wool ceiling tiles across both the residential and non-residential sectors.

 

Mineral Wool Ceiling Tiles Market by End Use

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Market Segmentation

Mineral wool ceiling tiles contain mineral wool fibre as the primary raw material. These tiles are high-grade interior decorative material that is used in offices, schools, retail units, and others. They can be manufactured in a variety of sizes, thicknesses, and densities, based on the required performance and specifications. 

On the basis of application, the industry has been categorised into:

  • Residential 
  • Non- Residential 

The report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Mineral Wool Ceiling Tiles Market by Region

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Market Analysis

The mineral wool ceiling tiles market is being driven by the thriving construction sector and growing demand for eco-friendly construction materials globally. Mineral wool ceiling tiles do not claim any kind of threat to the environment or health as they are free from formaldehyde and other such harmful substances. These tiles are recyclable, are free from fungal and bacterial infection, and do not release volatile organic compounds. With the growing environmental concern, the global mineral wool ceiling tiles industry is expected to witness enhanced growth. 

Moreover, waste mineral wool can also be utilised as a substitute over primary mineral wool for the production of tiles. The use of waste fibre reduces the impact caused by the production of virgin materials on the environment and reduces the amount of material going to landfill. Further, the growing consumer inclination towards stylish and cost-effective ceiling options has increased the demand for mineral wool ceiling tiles. False ceilings provide interiors of a house or any other space with luxurious and minimalist look, thus enhancing the overall look of the house.

With rapid technological advancements and new product innovations, the industry is anticipated to witness an increased growth. The new innovations are expected to make installation process simpler, further providing customised products to consumers, which is anticipated to fuel the industry growth. Thus, factors like technological advancements, low price, and diverse product portfolio will boost the market growth over the forecast period.  Further, manufacturers are developing mineral wool ceiling tiles with enhanced durability as well as bio-degradable characteristics, which is expected to drive the industry growth. The on-going R&D pertaining to fresh innovations coupled with the continuous development of bio-degradable construction materials is expected to enhance the product sales over the forecast period.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global mineral wool ceiling tiles market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • CertainTeed
  • Armstrong Ceiling Solutions
  • Rockfon (ROCKWOOL International A/S)
  • Renhurst Ceilings Pty Ltd.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Application
  • Region
Breakup by Application
  • Residential
  • Non-Residential
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • CertainTeed
  • Armstrong Ceiling Solutions
  • Rockfon (ROCKWOOL International A/S)
  • Renhurst Ceilings Pty Ltd.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Market Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Ceiling Tiles Market Overview

    8.1    Key Industry Highlights
    8.2    Global Ceiling Tiles Historical Market (2018-2023) 
    8.3    Global Ceiling Tiles Market Forecast (2024-2032)
    8.4    Global Ceiling Tiles Market by Type
    8.5    Global Ceiling Tiles Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    Middle East and Africa
9    Global Mineral Wool Ceiling Tiles Market Analysis
    9.1    Key Industry Highlights
    9.2    Global Mineral Wool Ceiling Tiles Historical Market (2018-2023) 
    9.3    Global Mineral Wool Ceiling Tiles Market Forecast (2024-2032)
    9.4    Global Mineral Wool Ceiling Tiles Market by Application
        9.4.1    Residential
            9.4.1.1    Market Share
            9.4.1.2    Historical Trend (2018-2023)
            9.4.1.3    Forecast Trend (2024-2032)
        9.4.2    Non-Residential
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2018-2023)
            9.4.2.3    Forecast Trend (2024-2032)
    9.5    Global Mineral Wool Ceiling Tiles Market by Region
        9.5.1    Market Share
            9.5.1.1    North America
            9.5.1.2    Europe
            9.5.1.3    Asia Pacific
            9.5.1.4    Latin America
            9.5.1.5    Middle East and Africa
10    Regional Analysis
    10.1    North America
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
        10.1.3    Market by Country
            10.1.3.1    United States of America 
            10.1.3.2    Canada
    10.2    Europe
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
        10.2.3    Market by Country
            10.2.3.1    United Kingdom
            10.2.3.2    Germany
            10.2.3.3    France
            10.2.3.4    Italy
            10.2.3.5    Others
    10.3    Asia Pacific
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
        10.3.3    Market by Country
            10.3.3.1    China
            10.3.3.2    Japan
            10.3.3.3    India
            10.3.3.4    ASEAN
            10.3.3.5    Australia
            10.3.3.6    Others
    10.4    Latin America
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
        10.4.3    Market by Country
            10.4.3.1    Brazil
            10.4.3.2    Argentina
            10.4.3.3    Mexico
            10.4.3.4    Others
    10.5    Middle East and Africa
        10.5.1    Historical Trend (2018-2023)
        10.5.2    Forecast Trend (2024-2032)
        10.5.3    Market by Country
            10.5.3.1    Saudi Arabia
            10.5.3.2    United Arab Emirates
            10.5.3.3    Nigeria
            10.5.3.4    South Africa
            10.5.3.5    Others
11    Market Dynamics
    11.1    SWOT Analysis
        11.1.1    Strengths
        11.1.2    Weaknesses
        11.1.3    Opportunities
        11.1.4    Threats
    11.2    Porter’s Five Forces Analysis
        11.2.1    Supplier’s Power
        11.2.2    Buyers Power
        11.2.3    Threat of New Entrants
        11.2.4    Degree of Rivalry
        11.2.5    Threat of Substitutes
    11.3    Key Indicators for Demand
    11.4    Key Indicators for Price
12    Value Chain Analysis
13    Manufacturing Process

    13.1    Detailed Process Flow
    13.2    Operations Involved
    13.3    Mass Balance
14    Project Requirements and Costs Involved
    14.1    Land Requirements and Expenditures
    14.2    Construction Requirements and Expenditures
    14.3    Plant Layout
    14.4    Plant Machinery
    14.5    Raw Material Requirements and Expenditures
    14.6    Packaging Requirements and Expenditures
    14.7    Transportation Requirements and Expenditures
    14.8    Utility Requirements and Expenditures
    14.9    Manpower Requirements and Expenditures
    14.10    Other Capital Investments
15    Loans and Financial Assistance
16    Project Economics

    16.1    Capital Cost of the Project
    16.2    Techno-Economic Parameters
    16.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    16.4    Taxation and Depreciation
    16.5    Income Projections
    16.6    Expenditure Projections
    16.7    Financial Analysis
    16.8    Profit Analysis
17    Competitive Landscape
    17.1    Market Structure
    17.2    Key Players
    17.3    Company Profiles
        17.3.1    CertainTeed
            17.3.1.1    Company Overview
            17.3.1.2    Product Portfolio
            17.3.1.3    Demographic Reach and Achievements
            17.3.1.4    Certifications
        17.3.2    Armstrong Ceiling Solutions
            17.3.2.1    Company Overview
            17.3.2.2    Product Portfolio
            17.3.2.3    Demographic Reach and Achievements
            17.3.2.4    Certifications
        17.3.3    Rockfon (ROCKWOOL International A/S)
            17.3.3.1    Company Overview
            17.3.3.2    Product Portfolio
            17.3.3.3    Demographic Reach and Achievements
            17.3.3.4    Certifications
        17.3.4    Renhurst Ceilings Pty Ltd.
            17.3.4.1    Company Overview
            17.3.4.2    Product Portfolio
            17.3.4.3    Demographic Reach and Achievements
            17.3.4.4    Certifications
        17.3.5    Others
18    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Ceiling Tiles Market: Key Industry Highlights, 2018 and 2032
2.    Global Ceiling Tiles Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Ceiling Tiles Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Ceiling Tiles Historical Market: Breakup by Region (USD Billion), 2018-2023
5.    Global Ceiling Tiles Market Forecast: Breakup by Region (USD Billion), 2024-2032
6.    Global Mineral Wool Ceiling Tiles Market: Key Industry Highlights, 2018 and 2032
7.    Global Mineral Wool Ceiling Tiles Historical Market: Breakup by Application (USD Billion), 2018-2023
8.    Global Mineral Wool Ceiling Tiles Market Forecast: Breakup by Application (USD Billion), 2024-2032
9.    Global Mineral Wool Ceiling Tiles Historical Market: Breakup by Region (USD Billion), 2018-2023
10.    Global Mineral Wool Ceiling Tiles Market Forecast: Breakup by Region (USD Billion), 2024-2032
11.    North America Mineral Wool Ceiling Tiles Historical Market: Breakup by Country (USD Billion), 2018-2023
12.    North America Mineral Wool Ceiling Tiles Market Forecast: Breakup by Country (USD Billion), 2024-2032
13.    Europe Mineral Wool Ceiling Tiles Historical Market: Breakup by Country (USD Billion), 2018-2023
14.    Europe Mineral Wool Ceiling Tiles Market Forecast: Breakup by Country (USD Billion), 2024-2032
15.    Asia Pacific Mineral Wool Ceiling Tiles Historical Market: Breakup by Country (USD Billion), 2018-2023
16.    Asia Pacific Mineral Wool Ceiling Tiles Market Forecast: Breakup by Country (USD Billion), 2024-2032
17.    Latin America Mineral Wool Ceiling Tiles Historical Market: Breakup by Country (USD Billion), 2018-2023
18.    Latin America Mineral Wool Ceiling Tiles Market Forecast: Breakup by Country (USD Billion), 2024-2032
19.    Middle East and Africa Mineral Wool Ceiling Tiles Historical Market: Breakup by Country (USD Billion), 2018-2023
20.    Middle East and Africa Mineral Wool Ceiling Tiles Market Forecast: Breakup by Country (USD Billion), 2024-2032
21.    Global Mineral Wool Ceiling Tiles Market Structure

Key Questions Answered in the Report

The global mineral wool ceiling tiles market reached a value of USD 11.46 billion in 2023.

The market is projected to grow at a CAGR of nearly 5% in the forecast period of 2024-2032.

The market is estimated to reach a value of about USD 17.82 billion by 2032.

The major drivers of the market include rising disposable incomes, increasing population, improving living standards, the rising construction sector, and the increasing demand for eco-friendly construction materials.

The growing environmental concern and the rising need to adopt sustainable and eco-friendly materials are expected to be key trends guiding the growth of the market.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.

The major applications of mineral wool ceiling tiles include residential and non-residential.

The leading players in the global mineral wool ceiling tiles market are CertainTeed, Armstrong Ceiling Solutions, Rockfon (ROCKWOOL International A/S), and Renhurst Ceilings Pty Ltd., among others.

Analyst Review

The global mineral wool ceiling tiles market attained a value of USD 11.46 billion in 2023, driven by the growth in the construction industry. Aided by the rising demand for eco-friendly construction materials, the industry is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5%. The industry is projected to reach USD 17.82 billion by 2032. 

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on applications, the global mineral wool ceiling tiles industry can be segmented into residential and non-residential. The major regional markets for mineral wool ceiling tiles are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include CertainTeed, Armstrong Ceiling Solutions, Rockfon (ROCKWOOL International A/S), and Renhurst Ceilings Pty Ltd., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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