Global Ceiling Tiles Market Growth Ascribed to Increasing Construction Activities

Ceiling Tiles Market

As per Inkwood Research, the Global Ceiling Tiles Market is predicted to grow with a CAGR of 7.26% in terms of revenue during the forecasting years 2023-2032.

“Browse 71 Market Data Tables and 58 Figures spread over 175 Pages, along with an in-depth TOC on the Global Ceiling Tiles Market Forecast 2023-2032.”

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Ceiling tiles are integral for commercial and residential building construction and can be used for new as well as retrofit construction projects. Moreover, ceiling tiles can be manufactured using a wide range of base materials with varying properties.

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Rise in Construction Activities to Propel Global Ceiling Tiles Market Growth

As per the World Bank, 56% of the population across the globe resides in cities. However, in order to handle the rapidly increasing population, new commercial structures, housing units, as well as infrastructural projects are required. This factor has led to a hike in construction activities, thereby providing the global ceiling tiles market with lucrative growth opportunities to fulfill the accelerating demand.

Mineral Wool or Mineral Fiber: Prominent Material Type

Mineral wool refers to the various types of fibrous materials manufactured through the process of spinning or drawing molten mineral material into finished goods. Although mineral wool may comprise mined or earthen minerals, it can also be manufactured from ceramics or residual industrial slags.

North America to be the Major Region by 2032

The surge in renovation activities in North America has led to an increased demand for ceiling tiles. Furthermore, homeowners are also investing in energy-efficient solutions, such as ceiling tiles, with the potential to minimize their home’s carbon footprint.

Some of the leading companies operating in the global ceiling tiles market are Certain Teed, Daiken Corporation, Armstrong World Industries, Gebr Knauf KG, etc.

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