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U.S. Ceiling Tiles Market is Moving for Huge Growth During the Forecast Period 2019-2025 | Grand View Research, Inc.

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U.S. Ceiling Tiles Market is Moving for Huge Growth During the Forecast Period 2019-2025 | Grand View Research, Inc.

August 25
01:14 2021
U.S. Ceiling Tiles Market is Moving for Huge Growth During the Forecast Period 2019-2025 | Grand View Research, Inc.
“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, the major drivers of the U.S. construction industry are linked to the positive trends of the housing sector, which have been tracked over the past few years by analyzing consumers’ spending behavior and based on the increasing recruitment/employment in the construction industry

The U.S. ceiling tiles market size is anticipated to reach at USD 3.18 billion by 2025, registering a CAGR of 9.6%, according to a new report by Grand View Research, Inc. Ceiling tiles are mainly used to provide better acoustic insulation for interior constructions. High demand from the construction industry in U.S. is expected to be the key factor booting the market growth. In addition, changing consumer lifestyles and growing demand for insulation is likely to drive the market further. Consumer awareness regarding the availability of innovative construction solutions that are durable and require low maintenance is also expected to impact the market favorably.

Mineral wool, fiberglass, metal, and gypsum are the major types of ceiling tiles available in the U.S. market. Other product types include wood and polycarbonate. All these products are lightweight, eco-friendly, and have a significant noise reduction coefficient. Trend of decorative and aesthetically appealing interiors and exteriors in the construction sector has impelled the use of advanced designing and printing technologies in the building materials market. The market is also witnessing innovation in walls and flooring materials, such as carpets, tiles, and coatings, aimed at creating unique and exquisite designs. On the contrary, ceiling tiles, ceiling suspension systems, and other specialty ceiling products have observed a relatively slow progress over the recent years.

This, in turn, is expected to create new avenues for research and innovation, in terms of providing enhanced visual effects and improved finishes for ceilings. Prominent manufacturers that offer mineral wool and fiberglass ceiling tiles include Armstrong World Industries, Inc. and ROCKWOOL International A/S. Knauf Gips KG, Hunter Douglas N.V., and SAS International offer gypsum and metal ceiling tiles. These industry participants supply ceiling tiles via different distribution modes, such as direct supply, wholesale or bulk selling, third-party supply contracts, and by various online portals. Owing to third-party agreements, companies are expected to benefit in terms of gaining access to the regional distribution and marketing networks while meeting the growing demand from key end users in the region.

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/us-ceiling-tiles-market

U.S. Ceiling Tiles Market Report Highlights

 In terms of volume, mineral wool ceiling tiles segment captured the largest industry share of 42.5% in 2017 and will expand further at a notable CAGR over the forecast period

 In terms of revenue, metal ceiling tiles segment is expected to witness the fastest CAGR of 8.7% during the estimated period

 The commercial construction application segment is expected to witness a substantial growth in the coming years

 The U.S. ceiling tiles market is partially consolidated and competitive in nature, with the presence of global multinational companies

 Some of the key companies in this market are Armstrong World Industries, Inc.; USG Corporation; Knauf Gips KG; Rockwool International A/S; Compagnie de Saint-Gobain S.A.;, SAS International; and Hunter Douglas N.V.

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U.S. Ceiling Tiles Market Segmentation

Grand View Research has segmented the U.S. ceiling tiles market on the basis of product and application:     

U.S. Ceiling Tiles Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 – 2025)

     Mineral Wool
    Metal
     Gypsum
     Others

U.S. Ceiling Tiles Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 – 2025)

     Commercial
    Residential
     Industrial

Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/5728/ibb

Browse More Related Report:

Ceiling Tiles Market Size, Share & Trends Analysis Report By Product (Mineral Wool, Metal, Gypsum), By Application (Non-residential, Residential, Industrial), And Segment Forecasts, 2021 – 2028

About Grand View Research

Grand View Research is a market research and consulting company registered in the State of California having its headquarters in San Francisco. The company offers syndicated research reports, customized research reports, and consulting services. With Grand View Research, you get an opportunity to understand market trends, insights, and business statistics from a strategic standpoint. With a deep-seated understanding of many business environments, Grand View Research offers business and market intelligence studies and accomplishes more than 300 multi-country market studies.

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Company Name: Grand View Research, Inc.
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Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
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State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/us-ceiling-tiles-market