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Mineral Wool Ceiling Tiles Market: Global Industry Trends, Share, Size, Growth, Opportunity & Forecast 2019-2024

The global mineral wool ceiling tiles market reached a value of around US$ 9.4 Billion in 2018, registering a CAGR of 4.9% during 2011-2018. The market is further projected to reach US$ 12.7 Billion by 2024, exhibiting a CAGR of 5.1% during 2019-2024. Mineral wool ceiling tiles refer to high-grade interior decorative material, containing mineral wool fiber as the main raw material. They can be produced in a wide range of sizes, thicknesses, finished faces and densities, depending upon the performance and specification required. These tiles are used in offices, schools, hospitals, retail units, etc. Mineral wool ceiling tiles offer several advantages over competing products and have numerous performance characteristics including fire resistance, sound insulation, light reflectance, physical strength and durability. Over the past several years, the market for mineral wool ceiling tiles has witnessed a strong growth, thereby representing the biggest segment of the global ceiling tiles industry.

Mineral Wool Tiles Ceiling Market Report

Global Mineral Wool Ceiling Tiles Market Drivers:

  • Mineral wool ceiling tiles do not pose any threat to the environment or health as they are free from formaldehyde and other harmful substances. These tiles are recyclable, inhibit fungal and bacterial infection, and do not emit volatile organic compounds. Moreover, waste mineral wool can also act as a substitute for primary mineral wool for manufacturing such tiles. The use of waste fiber reduces the environmental impact caused by the production of virgin alternatives and avoids the material going to landfill.
  • In recent years, the consumers have started to incline towards stylish and less expensive false ceiling options which, in turn, has contributed to the demand for mineral wool ceiling tiles. False ceilings enhance aesthetics, provide interiors a luxurious look and expand the variety of lighting fixtures.
  • Mounting disposable incomes coupled with rising living standards has enabled the consumers to opt for luxurious housing projects and other infrastructural developments. This has further spurred the demand for mineral wool ceiling tiles across both the residential and non-residential sectors.
  • Simplified installation processes due to various technological advancements have led the manufacturers to provide perfect alignment and optimum finish to the end-consumers. Some of the instances of installation systems are exposed demountable systems, concealed- and semi-concealed demountable systems, click fastening systems, parallel and cross pan grid, clear spanning, and acoustic baffle systems.

 

Breakup by Application:

Mineral wool ceiling tiles find applications in both the residential and non-residential sectors. Amongst these, the non-residential segment exhibits a clear dominance with three-fourth of the total market share. This is due to the advantageous properties of mineral wool ceiling tiles as well as factors such as rapid urbanization and industrialization, especially in the emerging economies.

Regional Insights:

Mineral Wool Ceiling Tiles Market By Region

On a geographical front, North America enjoys the leading position in the market, holding about a half of the total market. A rise in the demand for eco-friendly building materials such as mineral wool ceiling tiles has majorly contributed to the growth of the market in the region. North America is followed by Europe and Asia Pacific.

Competitive Landscape:

The market is fragmented with the presence of numerous unorganized manufacturers operating in the market. Some of the major players include:

  • SAS International Ltd.
  • ROCKFON
  • USG Corporation
  • Knauf Gips KG
  • Odenwald Faserplattenwerk GmbH


This report provides a deep insight into the global mineral wool ceiling tiles industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a mineral wool ceiling tiles manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the mineral wool ceiling tiles industry in any manner.

Key Questions Answered in This Report:

  • How has the global mineral wool ceiling tiles market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global mineral wool ceiling tiles industry?
  • What are the major application segments in the global mineral wool ceiling tiles industry?
  • What are the various stages in the value chain of the global mineral wool ceiling tiles industry?
  • What are the key driving factors and challenges in the global mineral wool ceiling tiles industry?
  • What is the structure of the global mineral wool ceiling tiles industry and who are the key players?
  • What is the degree of competition in the global mineral wool ceiling tiles industry?
  • What are the profit margins in the global mineral wool ceiling tiles industry?
  • What are the key requirements for setting up a mineral wool ceiling tiles manufacturing plant?
  • How are mineral wool ceiling tiles manufactured?
  • What are the various unit operations involved in a mineral wool ceiling tiles manufacturing plant?
  • What is the total size of land required for setting up a mineral wool ceiling tiles manufacturing plant?
  • What are the machinery requirements for setting up a mineral wool ceiling tiles manufacturing plant?
  • What are the raw material requirements for setting up a mineral wool ceiling tiles manufacturing plant?
  • What are the packaging requirements for mineral wool ceiling tiles?
  • What are the transportation requirements for mineral wool ceiling tiles?
  • What are the utility requirements for setting up a mineral wool ceiling tiles manufacturing plant?
  • What are the manpower requirements for setting up a mineral wool ceiling tiles manufacturing plant?
  • What are the infrastructure costs for setting up a mineral wool ceiling tiles manufacturing plant?
  • What are the capital costs for setting up a mineral wool ceiling tiles manufacturing plant?
  • What are the operating costs for setting up a mineral wool ceiling tiles manufacturing plant?
  • What will be the income and expenditures for a mineral wool ceiling tiles manufacturing plant?
  • What is the time required to break-even?

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Ceiling Tiles Industry
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Region
    5.4    Market Breakup by Type
    5.5    Market Forecast
    5.6    Key Players
 6  Global Mineral Wool Ceiling Tiles Industry
    6.1    Market Overview
    6.2    Market Performance
    6.3    Market Breakup by Region
    6.4    Market Breakup by Application
    6.5    Market Forecast 
    6.6    Price Analysis
        6.6.1 Key Price Indicators
        6.6.2 Price Structure
        6.6.2 Margin Analysis
    6.7    SWOT Analysis
        6.7.1    Overview
        6.7.2    Strengths
        6.7.3    Weaknesses
        6.7.4    Opportunities
        6.7.5    Threats
    6.8    Value Chain Analysis
        6.8.1    Overview
        6.8.2    Pre-Processing of Raw Materials
        6.8.3    Manufacturing
        6.8.4    Distribution
        6.8.5    Exports
        6.8.6    Retailers
        6.8.7    End-Users
    6.9    Porter’s Five Forces Analysis
        6.9.1    Overview
        6.9.2    Bargaining Power of Buyers
        6.9.3    Bargaining Power of Suppliers
        6.9.4    Degree of Competition
        6.9.5    Threat of New Entrants
        6.9.6    Threat of Substitutes
    6.10    Key Market Drivers and Success Factors
7   Performance of Key Regions
    7.1    North America
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Europe
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Asia Pacific 
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8   Market by Application
    8.1   Residential
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2   Non-Residential
        8.2.1 Market Trends
        8.2.2 Market Forecast
9   Competitive Landscape
10  Mineral Wool Ceiling Tiles Manufacturing Process
    10.1    Product Overview
    10.2    Detailed Process Flow
    10.3    Various Types of Unit Operations Involved
    10.4    Mass Balance and Raw Material Requirements
11  Project Details, Requirements and Costs Involved
    11.1    Land Requirements and Expenditures
    11.2    Construction Requirements and Expenditures
    11.3    Plant Layout
    11.4    Plant Machinery
    11.5    Raw Material Requirements and Expenditures
    11.6    Packaging Requirements and Expenditures
    11.7    Transportation Requirements and Expenditures
    11.8    Utility Requirements and Expenditures
    11.9    Manpower Requirements and Expenditures
    11.10  Other Capital Investments
12  Loans and Financial Assistance
13  Project Economics

    13.1    Capital Cost of the Project
    13.2    Techno-Economic Parameters
    13.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    13.4    Taxation and Depreciation
    13.5    Income Projections
    13.6    Expenditure Projections
    13.7    Financial Analysis
    13.8    Profit Analysis
14  Key Player Profiles


List of Figures

Figure 1: Global: Mineral Wool Ceiling Tiles Market: Major Drivers and Challenges
Figure 2: Global: Ceiling Tiles Market: Value Trends (in Billion US$), 2011-2018
Figure 3: Global: Ceiling Tiles Market: Breakup by Region (in %), 2018
Figure 4: Global: Ceiling Tiles Market: Breakup by Type (in %), 2018
Figure 5: Global: Ceiling Tiles Market Forecast: Value Trends (in Billion US$), 2019-2024
Figure 6: Global: Mineral Wool Ceiling Tiles Market: Value Trends (in Billion US$), 2011-2018
Figure 7: Global: Mineral Wool Ceiling Tiles Market: Breakup by Region (in %), 2018
Figure 8: Global: Mineral Wool Ceiling Tiles Market: Breakup by Application (in %), 2018
Figure 9: Global: Mineral Wool Ceiling Tiles Market Forecast: Value Trends (in Billion US$), 2019-2024
Figure 10: Mineral Wool Ceiling Tiles Market: Price Structure (in US$/Ton)
Figure 11: Global: Mineral Wool Ceiling Tiles Industry: SWOT Analysis
Figure 12: Global: Mineral Wool Ceiling Tiles Industry: Value Chain Analysis
Figure 13: Global: Mineral Wool Ceiling Tiles Industry: Porter’s Five Forces Analysis
Figure 14: North America: Mineral Wool Ceiling Tiles Market: Value Trends (in Million US$), 2011 & 2018
Figure 15: North America: Mineral Wool Ceiling Tiles Market Forecast: Value Trends (in Million US$), 2019-2024
Figure 16: Europe: Mineral Wool Ceiling Tiles Market: Value Trends (in Million US$), 2011 & 2018
Figure 17: Europe: Mineral Wool Ceiling Tiles Market Forecast: Value Trends (in Million US$), 2019-2024
Figure 18: Asia Pacific: Mineral Wool Ceiling Tiles Market: Value Trends (in Million US$), 2011 & 2018
Figure 19: Asia Pacific: Mineral Wool Ceiling Tiles Market Forecast: Value Trends (in Million US$), 2019-2024
Figure 20: Others: Mineral Wool Ceiling Tiles Market: Value Trends (in Million US$), 2011 & 2018
Figure 21: Others: Mineral Wool Ceiling Tiles Market Forecast: Value Trends (in Million US$), 2019-2024
Figure 22: Global: Mineral Wool Ceiling Tiles Market (Residential Applications): Value Trends (in Million US$), 2011 & 2018
Figure 23: Global: Mineral Wool Ceiling Tiles Market Forecast (Residential Applications): Value Trends (in Million US$), 2019-2024
Figure 24: Global: Mineral Wool Ceiling Tiles Market (Non-Residential Applications): Value Trends (in Million US$), 2011 & 2018
Figure 25: Global: Mineral Wool Ceiling Tiles Market Forecast (Non-Residential Applications): Value Trends (in Million US$), 2019-2024
Figure 26: Mineral Wool Ceiling Tiles Manufacturing: Detailed Process Flow
Figure 27: Mineral Wool Ceiling Tiles Manufacturing: Conversion Rate of Feedstocks
Figure 28: Mineral Wool Ceiling Tiles Manufacturing: Proposed Plant Layout
Figure 29: Mineral Wool Ceiling Tiles Manufacturing: Breakup of Capital Costs (in %)
Figure 30: Mineral Wool Ceiling Tiles Industry: Profit Margins at Various Levels of the Supply Chain
Figure 31: Mineral Wool Ceiling Tiles Production: Manufacturing Cost Breakup (in %)


List of Tables

Table 1: Global: Ceiling Tiles Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Ceiling Tiles Market: Key Players
Table 3: Global: Mineral Wool Ceiling Tiles Market: Key Industry Highlights, 2018 and 2024
Table 4: Global: Mineral Wool Ceiling Tiles Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 5: Global: Mineral Wool Ceiling Tiles Market Forecast: Breakup by Application (in Million US$), 2019-2024
Table 6: Global: Mineral Wool Ceiling Tiles Market: Competitive Structure
Table 7: Mineral Wool Ceiling Tiles Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 8: Mineral Wool Ceiling Tiles Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 9: Mineral Wool Ceiling Tiles Manufacturing Plant: Costs Related to Dosing and Pulping Unit (in US$)
Table 10: Mineral Wool Ceiling Tiles Manufacturing Plant: Costs Related to Molding Unit (in US$)
Table 11: Mineral Wool Ceiling Tiles Manufacturing Plant: Costs Related to Drying System (in US$)
Table 12: Mineral Wool Ceiling Tiles Manufacturing Plant: Costs Related to Scolding, Spraying and Cotton Ginning Unit (in US$)
Table 13: Mineral Wool Ceiling Tiles Manufacturing Plant: Summary of Machinery Cost (in US$)
Table 14: Mineral Wool Ceiling Tiles Manufacturing Plant: Raw Material Requirements (in Kg/Day) and Expenditures (in US$/Kg)
Table 15: Mineral Wool Ceiling Tiles Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 16: Mineral Wool Ceiling Tiles Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 17: Details of Financial Assistance Offered by Financial Institutions
Table 18: Mineral Wool Ceiling Tiles Manufacturing Plant: Capital Costs (in US$)
Table 19: Mineral Wool Ceiling Tiles Manufacturing Plant: Techno-Economic Parameters
Table 20: Mineral Wool Ceiling Tiles Manufacturing Plant: Taxation and Depreciation (in US$)
Table 21: Mineral Wool Ceiling Tiles Manufacturing Plant: Income Projections (in US$)
Table 22: Mineral Wool Ceiling Tiles Manufacturing Plant: Expenditure Projections (in US$)
Table 23: Mineral Wool Ceiling Tiles Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 24: Mineral Wool Ceiling Tiles Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 25: Mineral Wool Ceiling Tiles Manufacturing Plant: Profit and Loss Account (in US$)

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