Developed economies across the globe are targeting for long-term investments in the building & construction industry. This, in turn, is expected to increase the number of construction projects, thereby providing a positive outlook for the ceiling tiles market. Increased spending on infrastructure projects is also contributing to the growth of the ceiling tiles market. The ceiling tiles market is projected to reach USD 9.88 billion by 2022, at a CAGR of 6.2% between 2017 and 2022.

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The ceiling tiles market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period, in terms of value and volume. The growth of the Asia Pacific ceiling tiles market can be attributed to the increased demand for ceiling tiles from the building & construction industry in this region.  

Based on material type, the mineral fiber segment of the ceiling tiles market is projected to grow at the highest CAGR during the forecast period, in terms of value and volume. This growth can be attributed to the increased demand for mineral fiber ceiling tiles in non-residential buildings, such as offices, institutes, and hospitals. Mineral fiber ceiling tiles have high noise reduction coefficient, which helps enhance their acoustic property by absorbing sound or preventing echo. Thus, properties of mineral fiber ceiling tiles such as improved sound absorption capability and recyclability have contributed to the increased use of mineral fiber ceiling tiles in green building constructions.  

Based on property type, the acoustic segment of the ceiling tiles market is projected to grow at the highest CAGR during the forecast period, in terms of value and volume. The growth of the acoustic segment can be attributed to the increased use of ceiling tiles with sound absorbing and sound blocking capabilities in various non-residential buildings, such as auditoriums, offices, institutes, hospitals, and cinema theaters.

Based on end user, the non-residential segment of the ceiling tiles market is projected to grow at the highest CAGR between 2017 and 2022, in terms of value or volume. Properties of ceiling tiles such as moisture absorption and fire resistance make them an ideal material for use in non-residential buildings. As ceiling tiles are good absorbers and attenuator of sound, they are widely used in offices, museums, hospitals, and institutions, where sound absorption and aesthetic appeal is a priority.

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