Mineral Wool Ceiling Tiles Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026

Mineral Wool Ceiling Tiles Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026

  • Transparency Market Research
  • Ongoing
  • Construction

Report Description

1
1

Demand for ceiling tiles is high across the globe. Ceiling tiles are primarily used in interiors to improve aesthetics and acoustic insulation of an area. Mineral wool ceiling tiles are fire resistant, soundproof, easy to install, and highly durable, which makes them highly popular.  Rise in demand for mineral wool ceiling tiles in the construction and infrastructure industries, primarily in developing countries, is likely to propel the mineral wool ceiling tiles market during the forecast period. Mineral wool ceiling tiles possess qualities such as sound absorption and thermal insulation, which makes them ideal for use in the construction industry. This is anticipated to further augment the mineral wool ceiling tiles market during the forecast period. Furthermore, mineral wool ceiling tiles are environmentally friendly and have a low carbon impact in the processing of raw materials, which is estimated to fuel demand for them. However, mineral wool ceiling tiles can cause adverse health effects during the installation process. This is projected to hamper the mineral wool ceiling market in the near future.  

In terms of application, the mineral wool ceiling tiles market can be split into commercial buildings, residential buildings, industrial, and others. The commercial buildings segment is anticipated to account for a significant share of the mineral wool ceiling tiles market in the near future owing to the rise in demand for these tiles in corporate offices, health care centers, retail & grocery stores, and educational institutions. Mineral wool ceiling tiles offer long-lasting appearance; low maintenance; and high durability in high-traffic areas such as airports, hotels, schools, and shopping malls. These properties are estimated to boost demand for mineral wool ceiling tiles during the forecast period. Mineral wool ceiling tiles are also widely employed in residential buildings owing to their high protective nature against extreme climatic conditions and variety of design options.

Based on region, the mineral wool ceiling tiles market can be classified into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America and Europe are anticipated to be major regions of the mineral wool ceiling tiles market led by expansion in the construction industry. Asia Pacific is expected to be an emerging region of the mineral wool ceiling tiles market during the forecast period as the construction and infrastructure industries are gaining momentum in China and India. Latin America and Middle East & Africa are also likely to account for significant share of the mineral wool ceiling tiles market owing to the increase in demand for mineral wool ceiling tiles in residential and industrial applications in these regions. Rise in construction activities for developing smart cities and increase in government initiatives in emerging economies are also projected to propel the demand for mineral wool ceiling tiles during the forecast period.

Companies have started investing in innovation and development of mineral wool ceiling tiles due to rise in demand for the product. Prominent players operating in the mineral wool ceiling tiles market include Odenwald Faserplattenwerk GmbH, SAS International, COMO Building Products, Armstrong World Industries, Inc., Minwool Rock Fibres Limited, HIL Limited, ROCKWOOL International A/S, Renhurst Ceilings Pty Ltd, and Knauf.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 

Have query on this report?

Make an Enquiry

Success Stories

Our Clients

Tell Us What You Need and We’ll Get Back with the Best Solutions Available.

*
*
*

get in touch

Location :

State Tower, 90 State Street, Suite 700, Albany NY - 12207, United States

Call Us :

US/Canada toll free : 866-997-4948

Tel : +1-518-621-2074