According to the latest report by IMARC Group, titled “North America Mineral Wool Ceiling Tiles Market Report by Application (Residential, Non-Residential), and Country 2024-2032,” the North America mineral wool ceiling tiles market reached a value of US$ 4.9 Billion in 2023. A mineral wool ceiling tile is a lightweight construction material available in a wide range of forms, sizes, densities and thicknesses. It is durable, fire resistant and offers sound insulation, light reflectance and physical strength. It also provides environmental benefits, such as a low carbon footprint, and assists in the reduction of air pollution. Besides this, due to its thermal insulation and acoustic properties, mineral wool ceiling tile is extensively utilized in hotels, hospitals, retail stores, drywall grid systems and transportation terminals in the North American region.
North America Mineral Wool Ceiling Tiles Market Trends:
With rising environmental concerns, governments in the North American region have implemented stringent regulations to encourage the adoption of green construction materials, such as mineral wool ceiling tiles. Apart from this, the increasing renovation of existing homes and commercial spaces in the region is fueling the growth of the market. This can also be accredited to a significant rise in the demand for construction solutions that are durable and require low maintenance. Furthermore, as mineral wool ceiling tiles are highly reflective and aid in noise insulation and reduction, their sales are increasing in the region. However, on account of the sudden outbreak of the coronavirus disease (COVID-19) and the increasing number of active patients, governments in North America have declared complete lockdowns. They are also promoting the adoption of social distancing measures to prevent the spread of the pandemic. Consequently, construction activities, as well as the operations of manufacturing units of leading players, have come to a halt temporarily. The industry will witness growth once normalcy is regained in the region. Looking forward, the market value is projected to reach US$ 6.8 Billion by 2032, expanding at a CAGR of 3.6% during the forecast period (2024-2032).
Market Summary:
- Based on the application, the market has been bifurcated into the residential and non-residential sectors.
- Region-wise, the market has been divided into the United States and Canada.
- The competitive landscape of the market has been examined in the report, along with the detailed profiles of the major players operating in the industry.
Report Scope:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Segment Coverage |
Application, Country |
Countries Covered |
United States, Canada |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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