According to the report, the global ceiling tiles market was valued at approximately USD 25.45 billion in 2017 and is expected to generate revenue of around USD 50.93 billion by the end of 2024, growing at a CAGR of around 10.8% between 2018 and 2024.

New York, NY, June 19, 2018 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Ceiling Tiles Market By Product Type (Mineral Wool, Metal, Gypsum, and Others), By Application (Commercial, Healthcare, Educational, Industrial, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024”. According to the report, the global ceiling tiles market was valued at approximately USD 25.45 billion in 2017 and is expected to generate revenue of around USD 50.93 billion by the end of 2024, growing at a CAGR of around 10.8% between 2018 and 2024.

The global ceiling tiles market is anticipated to witness substantial growth over the forecast period on account of increasing demand from the construction industry. Ceiling tiles play an important role in enhancing the acoustics of a building and improving its thermal insulation. They are secondary ceilings attached to an existing ceiling. The growing construction industry and the growing demand for recyclable products are predicted to drive the ceiling tiles market growth over the forecast period.

The products used in the production of the ceiling tiles are returned to the manufacturer after use, for recycling. Furthermore, urbanization and population explosion are expected to boost construction activities across the globe creating opportunities for the ceiling tiles market. However, fluctuation in prices of raw materials used in the manufacturing of ceiling tiles is expected to curb the growth of the ceiling tiles market.

Browse through 29 Tables & 19 Figures spread over 110 Pages and in-depth TOC on “Global Ceiling Tiles Market Size & Share 2017: By Type, Industry Demand, Growth Analysis, and Forecast, 2024”.