The latest report by IMARC Group, titled “India Ceiling Tiles Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the India ceiling tiles market is expected to grow at a CAGR of 5.86% during 2022-2027. Ceiling tiles, also known as ceiling panels, are lightweight building materials used to cover ceilings to enhance the interiors of a room or space. They are generally manufactured using various materials, such as metals, mineral fiber, polyvinyl chloride (PVC), wood, clay, gypsum, fiberglass, or thermoformed plastic. They are widely used to improve the aesthetics and acoustics of an enclosed space to absorb sounds, provide fire resistance, and hide electrical or plumbing components. They also offer higher durability, excellent thermal and acoustic insulation, better recyclability, easy installation, and low-cost maintenance and repairs than traditionally used cement-based ceilings. As a result, ceiling tiles are extensively utilized in India for the construction and renovation of residential homes and commercial buildings, including hotels, clubs, offices, schools, hospitals, restaurants, and airports.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
India Ceiling Tiles Market Trends:
In India, the significant growth of the construction industry represents the primary factor driving the market. Additionally, the Government of India is focusing on infrastructural development and making heavy investments to upgrade the existing public structures. In line with this, the increasing construction and renovation of residential, commercial, and industrial buildings have augmented the demand for ceiling tiles across the country. Furthermore, the escalating demand for decorative and soundproof ceilings in public spaces, such as multiplexes, shopping malls, business centers, and transport infrastructures, has accelerated the adoption of ceiling tiles. Besides this, the launch of innovative and cost-effective ceiling tiles that offer stylish and luxurious interiors, enhanced noise absorption quality, and a simplified installation process is positively influencing product sale. Moreover, the shifting consumer preferences toward aesthetically appealing false ceiling structures due to the growing western influence, rapid urbanization, and elevating income levels have propelled the market growth. Other factors, including the rising number of modern infrastructure projects, product innovations, and technological advancements in the production process, are also creating a favorable market outlook.
- Based on the product type, the market has been divided into gypsum, mineral fiber, metallic, calcium silicate, PVC, wood, and others.
- On the basis of the application, the market has been classified into non-residential (private and public sectors) and residential applications.
- Region-wise, the market has been segregated into South India, West and Central India, North India, and East India.
- The competitive landscape of the market has also been examined, with some of the key players being Aerolite Industries Pvt. Ltd., AWI Licensing LLC, Diamond International Inex Private Limited, Everest Industries Limited, Hunter Douglas India Pvt Ltd. (Hunter Douglas N.V.), India Gypsum Pvt. Ltd., Knauf AMF GmbH & Co. KG, Ramco Industries Limited, Saint-Gobain Gyproc India Ltd (Compagnie de Saint-Gobain SA), Techno Ceiling Products, USG Boral Building Products India Pvt. Ltd, VANS Gypsum Pvt. Ltd, and Visaka Industries Limited.
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