The new report by Expert Market Research titled, ‘Global Acoustical Ceiling Market Size, Demand, Trend Report and Forecast 2022-2027’, gives an in-depth analysis of the global acoustical ceiling market, assessing the market based on its segments like product types, applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 8%
The market for acoustical ceiling is being aided by the robust growth of the construction industry. With the increasing availability of acoustical ceilings in both developed and developing countries, their demand is significantly surging and driving the market growth. The increasing high-end construction using quality construction materials is increasing the use of acoustical ceilings, which is augmenting the growth of the industry. As acoustical ceilings aid in noise reduction to boost the acoustic properties of enclosed spaces, their use to bolster productivity and holistic wellbeing in commercial spaces is increasing, which is driving the market growth. Moreover, the increasing focus to boost the comfortability of enclosed spaces is providing further impetus to the growth of the acoustical ceiling industry.
Industry Definition and Major Segments
Acoustical ceilings are suspended ceilings that are typically made up of stick-built grid systems as well as acoustical ceiling tiles. They are versatile, durable, cost-effective, and aid in noise reduction. They remove residual sound from enclosed spaces to boost comfort and productivity. As they are easy to install, due to which they are extensively used in remodelling and renovation activities.
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Based on product type, the market is divided into:
Mineral Fibre
Gypsum
Others
The market, on the basis of applications, is categorised into:
Commercial
Residential
Industrial
The regional markets of acoustical ceiling are:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Market Trends
The growth of the acoustical ceiling industry is being propelled by the increasing development of lightweight acoustical ceilings to bolster the energy-efficiency of buildings. The increasing aesthetic appeal of acoustical ceilings is surging their use in residential and commercial spaces, which is invigorating the growth of the market. With the increasing deployment of 3D printing technology in the manufacturing of complex acoustical ceilings, their demand in the construction industry is surging. Furthermore, the cost-effectiveness, lightweight, and durability offered by acoustical ceilings are surging their demand in various end-use applications, which is providing further impetus to the growth of the market.
Key Market Players
The major players in the market are USG Corporation, AWI Licensing LLC, Compagnie de Saint-Gobain S.A., Knauf Insulation, Inc., USG Boral Building Products (I) Pvt. Ltd., Guangdong Liyin Acoustics Technology Co., Ltd., and Golterman and Sabo, Inc, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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