The MEA ceiling tiles market reached a volume of 700.6 Million Sq. M in 2018. Ceiling tiles, also known as ceiling panels, refer to lightweight construction materials which are used to enhance the overall aesthetics of a room or space. They can be utilized for numerous ceiling types which include shed, tray, coved, domed, vaulted, decorative, cathedral and suspended. They are manufactured from materials like clay, metal, gypsum, recycled paper and natural starch. Some of the advantages associated with these tiles include durability, low-maintenance, fire-resistance, thermal insulation, absorption of sound and reflection of natural light. As a result, they are widely used in the construction and renovation of offices, schools, cafeterias, hospitals, stores, hotels and airports.
Driven by the growth of the construction industry, both the developed and developing regions are witnessing an increase in the construction of residential, commercial and industrial buildings which, in turn, is strengthening the growth of the ceiling tiles market. Apart from this, due to the growing western influence, consumers are now seeking affordable false ceiling options that offer stylish and luxurious interiors. Further, technological advancements have also enabled manufacturers to simplify the installation process which guarantees perfect alignment as well as optimum finished look to end-consumers. On account of these factors, IMARC Group expects the market for ceiling tiles to reach a volume of 1,221.1 Million Sq. M by 2024, growing at a CAGR of 9.75% during the forecast period 2019-2024.
Market Breakup by Installation Type:
Amongst these, modular ceiling tiles represents the larger segment, accounting for the majority of the market share.
Market Breakup by Material Type:
Among all the material types, gypsum represents the most popular material type, holding the largest share.
Market Breakup by Application:
The commercial sector currently represents the largest application segment, accounting for majority of the market share.
Market Breakup by Region
Based on region, Saudi Arabia currently represents the leading market, accounting for the largest market share.
The report has also analyzed the competitive landscape of the market with some of the key players being Knauf, Gyproc-Saint Gobains, USG Boral, Armstrong, Danube Group, Odenwald Faserplattenwerk, Rockfon (Rockwool International), MADA Gypsum, etc.
Key Questions Answered in This Report:
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