Ceiling Tiles Market
REPORT DESCRIPTION
Ceiling Tiles Market ( Product - Mineral Wool , Metal , and Gypsum ; Application - Residential , Non-residential , Industrial , Hospitality , Commercial , and Institutional ) - Global Industry Analysis , Size , Share , Growth , Trends , and Forecast 2016 - 2024
The global ceiling tiles market features a diversified competitive landscape owing to the presence of a large number of small-medium- , and large-scale companies , with the leading four companies collectively accounting for a meagre 34 % of the entire market in 2015 , observes a recent report by Transparency Market Research . Mirroring the competitive dynamics of a typical fragmented marketplace , cost pressures , need to bring in products with innovative features and designs , and technological advancements in manufacturing processes are key for market players to excel and strengthen their positions in the market .
Companies can be seen focusing on the development of environmentally viable products to exploit the growth potential of the ‘ go-green ’ trend in the construction sector of late . Leading vendors such as Saint-Gobain , Armstrong World Industries , USG Corporation , and Knauf already boast a variety of products that rank high on the environment sustainability metric . Many more companies in the market are expected to follow suit in the next few years , delivering products that have least harmful impact on the environment .
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Transparency Market Research states that the global ceiling tiles market will exhibit a promising 10.1 % CAGR from 2016 to 2024 , rising from a valuation of US $ 21.6 bn in 2015 to US $ 51.3 bn by 2024 .
North America to Continue to Take Massive Chunk of Share in Global Market In terms of product type , the global ceiling tiles market is presently witnessing the trend towards the increased use of mineral wool . The segment of mineral wool ceiling tiles is expected to witness a
Transparency Market Research
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