The global ceiling tiles market will witness stellar growth at 10% CAGR over the forecast period (2021–2031). High net worth income of consumers in developed economies, along with spurring renovation activities, would contribute substantially to overall market performance, projects a new Future Market Insights (FMI) study. Sales of ceiling tiles are projected to inflate at an unprecedented rate on the back of soaring demand from building & construction industry.
A major trend gripping the ceiling tiles landscape is the drive towards attaining sustainability in construction. The advent of green buildings is a notable development in this regard, with key players emphasizing on attributes including sustainably sourced raw material as well as using recycled substances to manufacture their products. For instance, Celiume Tiles use 75% less raw material during the manufacturing process, and produces 98% post-industrial recycled tiles.
“Consumers have greater predilection for environmentally-friendly ceiling tiles. Leading global producers are thus focused on manufacturing low-VOC (volatile organic compounds) ceiling tiles. Low maintenance of ceiling tiles will be an important booster to market growth,” concludes the FMI report.
Will Green Building Construction Pave Way for Future Growth?
As global concern over environmental sustainability mounts, the global housing industry is increasingly tilting towards green buildings, prompting major players to introduce appropriate product lines. Players such as Ceilume are actively participating in introducing solutions for green buildings. To achieve this objective, the company has introduced a new line of tiles made from 98% post-industrial recycled tin, copper, bronze and cherry wood finishes.
Key Takeaways of Ceiling Tiles Market Study
- Non-residential construction sector will remain the leading end-use area for ceiling tiles through 2029.
- Sustainable ceiling tiles will gain paramount importance through the course of forecast period.
- North America ceiling tiles market accounts for more than 31% revenue share.
- The ceiling tiles market in Asia Pacific is set to exhibit noteworthy growth during the projection period.
Read Full Report @ https://www.futuremarketinsights.com/reports/ceiling-tiles-market
