Dublin, Jan. 27, 2024 (GLOBE NEWSWIRE) -- The "Ceiling Tiles - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global ceiling tiles industry stands on the cusp of a transformative growth period, with a recent market analysis revealing a forecasted surge to a stunning US$15.6 billion valuation by the year 2030. Showcasing a robust compound annual growth rate (CAGR) of 12.4% from 2022 through the end of the decade, this market expansion highlights the innovative strides within the sector and the increasing demand for ceiling solutions worldwide.
The Ascendancy of Mineral Wool
Within this burgeoning market, Mineral Wool ceiling tiles have emerged as a dominant segment, expected to attain a CAGR of 13.3% and reach an impressive market valuation of US$7 billion by 2030. This growth trajectory not only signals the segment's vigorous demand but also underscores its significant role in the overall market progress.
The U.S. and China Markets: A Contrast in Expansion Dynamics
The United States market, currently valued at US$1.7 billion, remains a crucial player in the global landscape. Nonetheless, it is China that is forecast to captivate the industry's attention with a projected CAGR of 18.3%, thus catalyzing a market size of US$3.9 billion by the close of 2030. This growth momentum characterizes China as an epicenter of ceiling tile innovation and adoption.
Geographical Market Highlights
On the global stage, other regions displaying noteworthy performance include Japan and Canada, with forecasted CAGRs of 7.1% and 11.1% respectively over the analysis period. Europe, with Germany at the helm, swings to the tune of an approximate 8.5% CAGR, reinforcing the continent's steady market maturation.
- Anticipated upwards trajectory in the global ceiling tiles landscape
- Emphasis on post-pandemic recovery influencing market dynamics
- Market diversification, reflecting a span of geographic strengths
Competitive Landscape and Market Presence
The competitive arena showcases a selection of 48 featured entities, contributing to a diverse and dynamic market. The analysis offers insight into global competitiveness, showcasing key market shares while also exploring the robust presence of these competitors across various geographic territories.
A selection of companies mentioned in this report includes
- Acoustic Ceiling Products, Llc.
- Acoustigreen
- Armstrong World Industries, Inc.
- Burgess Cep
- Byucksan Corporation
- Ceilume
- Certainteed
- Georgia-Pacific
- Hil Limited
- Hunter Douglas
- Knauf
- Mada Gypsum
- Odenwald Faserplattenwerk GmbH
- Renhurst Ceilings Pty Ltd
- Rockfon
- Saint-Gobain Gyproc
- SAS International
- Shandong Huamei Building Materials Co., Ltd
- Techno Ceiling Products
- USG Corporation
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 96 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $6.1 Billion |
| Forecasted Market Value (USD) by 2030 | $15.6 Billion |
| Compound Annual Growth Rate | 12.5% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/x0k3ic
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