Ceiling Tiles Market: Dynamics:
Ceiling tiles, also known as ceiling panels, are sound absorbing and lightweight construction materials that are used to cover ceiling areas. These lightweight tiles are used in the interior of buildings. They are placed in an aluminum grid for the primary purpose of enhancing the acoustics of a room. They also provide thermal insulation. Different types of ceiling tiles are manufactured in the industry such as mineral wool ceiling tiles, metal ceiling tiles, and gypsum ceiling tiles. Ceiling tiles are employed in residential, non-residential, and industrial applications.
Ceiling tiles additionally help enhance the acoustics of enclosed spaces and can even be used as heat insulators. Therefore, demand for these ceiling tiles has been rising. In turn, this is boosting the global ceiling tiles market.
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The global residential segment is expected to expand considerably during the forecast period. Growth in residential and non-residential applications is projected to boost the demand for ceiling tiles during the forecast period.
Manufacturers of ceiling tiles are focusing on the residential segment, as the share held by this segment in the ceiling tiles market is likely to increase during the forecast period.
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Ceiling Tiles Market: Major Players
The global ceiling tiles market is consolidated with the presence of key players. Prominent players operating in the global ceiling tiles market include Sun Armstrong World Industries, Inc., New Ceiling Tiles, LLC, Saint-Gobain S.A., SAS International, USG Corporation, Knauf, Techno Ceiling Products, ROCKFON, MADA GYPSUM, and Odenwald Faserplattenwerk GmbH.
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