CEILING TILES MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)


Ceiling Tiles Market Analysis:

During the forecast period, it is anticipated that the market for ceiling tiles will exhibit a Compound Annual Growth Rate (CAGR) of approximately 7%. The primary drivers of this market are the escalating demand for ceiling tiles from the construction industry and the reduction of carbon emissions in the processing of raw materials for manufacturing ceiling tiles. However, the growth of the market is expected to be impeded by the threat of substitutes, such as asphalt and mortar.

The commercial segment has a dominant position in the market and is expected to expand during the forecast period, owing to the rapid growth of the service sector. Furthermore, the innovation of gypsum tiles for their biodegradable properties is likely to create opportunities for the market during the forecast period.

Asia-Pacific has emerged as the leading market for ceiling tiles worldwide, with robust growth in construction activities in countries such as India, China, the Philippines, and Indonesia.

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