Reports
Global Mineral Wool Ceiling Tiles Market: By Application: Residential, Non-Residential; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Manufacturing Process; Project Requirements and Costs Involved; Project Economics; Competitive Landscape; Industry Events and Developments
Global Mineral Wool Ceiling Tiles Market Outlook
The global mineral wool ceiling tiles market size was nearly USD 9.9 billion in 2020. The industry is further projected to grow at a CAGR of 5% over the forecast period of 2023-2028 to attain a value of USD 13.3 billion by 2026.
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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.
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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.
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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| 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 (2018-2022)
8.3 Global Ceiling Tiles Market Forecast (2023-2028)
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 (2018-2022)
9.3 Global Mineral Wool Ceiling Tiles Market Forecast (2023-2028)
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 (2018-2022)
9.4.1.3 Forecast Trend (2023-2028)
9.4.2 Non-Residential
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2022)
9.4.2.3 Forecast Trend (2023-2028)
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 (2018-2022)
10.1.2 Forecast Trend (2023-2028)
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 (2018-2022)
10.2.2 Forecast Trend (2023-2028)
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 (2018-2022)
10.3.2 Forecast Trend (2023-2028)
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 (2018-2022)
10.4.2 Forecast Trend (2023-2028)
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 (2018-2022)
10.5.2 Forecast Trend (2023-2028)
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 2028
2. Global Ceiling Tiles Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Ceiling Tiles Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Ceiling Tiles Historical Market: Breakup by Region (USD Billion), 2018-2022
5. Global Ceiling Tiles Market Forecast: Breakup by Region (USD Billion), 2023-2028
6. Global Mineral Wool Ceiling Tiles Market: Key Industry Highlights, 2018 and 2028
7. Global Mineral Wool Ceiling Tiles Historical Market: Breakup by Application (USD Billion), 2018-2022
8. Global Mineral Wool Ceiling Tiles Market Forecast: Breakup by Application (USD Billion), 2023-2028
9. Global Mineral Wool Ceiling Tiles Historical Market: Breakup by Region (USD Billion), 2018-2022
10. Global Mineral Wool Ceiling Tiles Market Forecast: Breakup by Region (USD Billion), 2023-2028
11. North America Mineral Wool Ceiling Tiles Historical Market: Breakup by Country (USD Billion), 2018-2022
12. North America Mineral Wool Ceiling Tiles Market Forecast: Breakup by Country (USD Billion), 2023-2028
13. Europe Mineral Wool Ceiling Tiles Historical Market: Breakup by Country (USD Billion), 2018-2022
14. Europe Mineral Wool Ceiling Tiles Market Forecast: Breakup by Country (USD Billion), 2023-2028
15. Asia Pacific Mineral Wool Ceiling Tiles Historical Market: Breakup by Country (USD Billion), 2018-2022
16. Asia Pacific Mineral Wool Ceiling Tiles Market Forecast: Breakup by Country (USD Billion), 2023-2028
17. Latin America Mineral Wool Ceiling Tiles Historical Market: Breakup by Country (USD Billion), 2018-2022
18. Latin America Mineral Wool Ceiling Tiles Market Forecast: Breakup by Country (USD Billion), 2023-2028
19. Middle East and Africa Mineral Wool Ceiling Tiles Historical Market: Breakup by Country (USD Billion), 2018-2022
20. Middle East and Africa Mineral Wool Ceiling Tiles Market Forecast: Breakup by Country (USD Billion), 2023-2028
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 10.91 billion in 2022.
The market is projected to grow at a CAGR of nearly 5.10% in the forecast period of 2023-2028.
The market is estimated to reach a value of about USD 14.66 billion by 2028.
The major drivers of the industry include rising disposable incomes, increasing population, improving living standards, 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 is expected to be a key trend guiding the growth of the industry.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The major application sectors in the industry include residential and non-residential.
The leading players in the 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 9.9 billion in 2020, 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 2023-2028, growing at a CAGR of 5%. The industry is projected to reach USD 13.3 billion by 2026.
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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