The global ceiling tiles market is growing rapidly because of the constant rise in construction projects, which has resulted in huge demand for vinyl pvc faced gypsum ceiling tiles for commercial, healthcare, educational, industrial and other applications, states Transparency Market Research in its new report ‘Ceiling Tiles Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019.’
The key statistics in this report on the global ceiling tiles tell that the false ceiling market is anticipated to reach a value of US$28.62 billion USD by the end of 2019 from a value of US$14.78 billion observed in 2012. The total growth and demand for ceiling tiles is set to grow 9.9% from 2013 to 2019, across the world. In terms of volume, the global consume of ceiling tiles was 983.7 million square meters in 2012.
PVC Gypsum Ceiling tiles are typically building materials used in the construction industry, particularly ceiling areas of a commercial or public building. Mostly made up of steel, wood, plastic, wool, and gypsum, ceiling tiles help to serve different purposes such as fire insulation, sound absorption, and heat insulation required in hotels, hospitals, offices, schools, or residential buildings.
According to the report, the ceilings tiles market is classified into commercial, residential, and industrial applications. Among these, the sales of ceiling tiles was greatest in the commercial sector. Many emerging regions such as Europe and North America are significantly witnessing growth in the commercial ceiling tiles market due to rising construction of hotels and offices that need ceiling tiles and panels to accomplish basic aesthetics. Commercial ceiling tiles market has remained an important part of the global economy despite economic downturns all around the world.
The industrial application is considered to be the second-largest market of ceiling tiles worldwide. Growth in this segment is mainly due to the contribution of China and India. The rapid pace of industrialization in these emerging economies has led to a good demand for ceiling tiles.