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.
View Exclusive Global Strategic Business Report: http:// www. transparencymarketresearch. com / sample / sample. php? flag = S & rep _ id = 20 73
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
2