Ceiling Tiles Market Overview, Trends and Growing Opportunities | Says TMR
Growing Inclination toward Easy Installation and Modern Designs of Metal
Ceiling Tiles
The
acoustical decorative metal ceiling tiles with expanded metal are steering
revenue opportunities for manufacturers in the global ceiling tiles market. Car
dealership spaces and retail stores are fueling the demand for metal ceiling
tiles. Modern and eye-catching patterns are being preferred in metal ceiling
tiles that provide high performance acoustics. Manufacturers are increasing the
availability of a variety of backing colors and sizes in these tiles to boost
sales.
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Companies
in the ceiling tiles market are increasing the production of metal ceiling
tiles that can be customized as per individual requirements. Excellent sound
absorption and easy installation are preferred with the help of these tiles.
Manufacturers
Revising Budgets to Cut Additional Costs During COVID-19 Crisis
Companies in the ceiling tiles market are rethinking
their supply networks due to the ongoing COVID-19 crisis. Poor market
sentiments are affecting product sales. Nevertheless, manufacturers are
boosting their local production capabilities to reduce dependence on other countries
for raw materials and other products. They are key revenue-generating
applications such as residential, commercial, and hospitality industries to
keep economies running.
Manufacturers in the ceiling tiles market are taking
data-driven decisions before investing in new production technologies and new
regions. They are also revising their budget to cut down on expenses and
achieve cost-efficient manufacturing processes. Moreover, the market of ceiling
tiles is positioned for healthy growth post the coronavirus crisis.
Can Dropped False
Ceilings Transform Interior Designing Landscape?
Dropped false ceilings are a popular concept in
interior designing. However, reduced headroom could be a concern for
individuals. Hence, ceiling tile providers are increasing awareness about
design experts to calculate how much of the room’s height would be lost if one
installs false ceilings. On the other hand, it has been found that original
ceilings are relatively easier to clean as compared to dropped false ceilings.
Thus, tile manufacturers should educate customers about the complex techniques
to clean and maintain dropped false ceilings.
Apart from the disadvantages of dropped false
ceilings, advantages such as beauty & design, noise absorption, and
enhancement of indoor air quality are offsetting its cons.
Ceiling Tiles
Market: Competition Landscape
·
Detailed profiles of
providers of ceiling tiles have been included in the report to evaluate their
financials, key product offerings, recent developments, and strategies
·
Key players operating in
the global ceiling tiles market are include
o Sun Armstrong World Industries, Inc.
o New Ceiling Tiles, LLC
o Saint-Gobain S.A.
o SAS International
o USG Corporation
o Knauf
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Mineral Wool Product Type Segment Dominates Global Ceiling Tiles Market
·
Based on product type, the mineral
wool segment dominated the global ceiling tiles market in 2020. This can be
primarily ascribed to the increase in demand for mineral wool in ceiling tiles
in various applications including residential, non-residential, and commercial.
·
Mineral wool integrates strands
derived from glass wool, rocks, and slag. This particular segment uses wet felt
and provides mineral strand and fiberglass. These materials have notable
qualities of noise reduction and are being increasingly used in commercial and
business spaces.
·
The metal segment also accounted for
vital share of the market in 2020. Tin, aluminum, and steel are the materials
used in the manufacture of metal ceiling tiles. Their eco-friendly and supporting
nature have helped in the overall development of the global market for ceiling
tiles.
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