According to a new market report published by
Lucintel, the future of the global mineral fiber ceiling market looks good with
opportunities in the residential and commercial construction industry. The
global mineral fiber ceiling market is expected to reach an estimated $4.3 billion
by 2021 and it is forecast to grow at a CAGR of 3.9% from 2016 to 2021. The
major drivers of growth for this market are an increase in renovation
activities, growth of commercial construction, and demand for ceiling products
with high performance features such as being lightweight and having acoustic
properties and excellent light reflection.
In this market, commercial renovation, commercial
new, and residential are the segments by end use. On the basis of
its comprehensive research, Lucintel forecasts that mineral fiber ceiling in
new commercial building is expected to show above average growth during the
forecast period of 2016 to 2021 due to higher rate of new commercial
construction activity and economic growth in emerging economies like China and
India.
Within the global mineral fiber ceiling market,
commercial renovation is expected to remain the largest segment during the
forecast period as increasing renovation activities are the major driving forces
that spur growth for this segment over the forecast period.
Mineral fiber ceiling tiles are used as panels
in suspended ceiling systems in non-residential buildings like offices, retail,
education, healthcare facilities and more. Mineral fiber ceiling tiles are available
in a number of decorative finishes but are pre-dominantly white in most
applications.
North America is expected to remain the
largest market due to the increasing rate of commercial renovation and
remodeling along with growth in residential and commercial construction
activities.
Asia Pacific and North America are expected to
witness good growth over the forecast period; this growth will largely be driven
by higher rate of commercial construction in emerging economies like China and
India and increasing renovation activities.
For business expansion, Lucintel’s report
suggests innovation and new product development, particularly in terms of
energy-efficiency, high performance sound absorption, fire safety features, and
using recycled raw materials to make mineral fiber ceilings more efficient and
cost effective.
Emerging trends, which have a direct impact on
the dynamics of the market, include the increasing usage of printed mineral
fiber ceiling tiles, increasing usage of antimicrobial agents in mineral fiber ceiling
tiles, and increasing usage of recycled content in the manufacturing of mineral
fiber ceiling tiles. Armstrong
World Industries, USG Corporation, Knauf, OWA, and Saint Gobain are the major manufacturers
of the global mineral fiber ceiling market.
Lucintel, a leading
global strategic consulting and market research firm, has analyzed growth
opportunities in the global mineral fiber ceiling market by end use, application
type, profile type, color type, suspension system type, and region and has compiled
a comprehensive research report entitled “Growth
Opportunities in the Global Mineral Fiber Ceiling Market 2016-2021: Trends,
Forecast, and Opportunity Analysis.” This Lucintel report serves as a
springboard for growth strategy by providing comprehensive data and analysis on
trends, key drivers, and directions. The study includes a forecast for the growth
opportunities in the global mineral fiber ceiling market by end use,
application type, profile type, color type, suspension type, and region, as
follows:
By End Use [Volume (M sqm) and Value ($ million)
from 2010 to 2021]:
·
Commercial renovation
·
Commercial new
·
Residential
By Application [Volume (M sqm) and Value
($ million) from 2010 to 2021]:
·
Office
·
Retail
·
Education
·
Healthcare
·
Others
By Profile type [Value $ million]:
·
T-Bar
·
Others
By Color type [Value $ million]:
·
White
·
Others
By Suspension system type [Value $ million]:
·
Exposed
·
Concealed
By Region [Value $ billion from 2010 to 2021]:
·
North America
·
Europe
·
Asia Pacific
·
Rest of the World
This
184-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Construction Market Report, Construction Reports, Industry / Market Analysis, Strategic Growth Consulting and Capital Investment Analysis.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report addresses the following key questions:
Q. 1. What are some
of the most promising, high-growth opportunities for the mineral fiber ceiling market
by end use (commercial renovation, commercial new, and residential), application
(office, retail, education, healthcare and others), profile type (T-bar and
others), color type (white and others), suspension system type (exposed and
concealed), and region (North America, Europe, APAC, and the Rest of the World)?
Q. 2. Which
segments will grow at a faster pace and why?
Q. 3. Which region will
grow at a faster pace and why?
Q.4. What are
the key factors affecting market dynamics? What are the drivers, challenges, and
business risks in this market?
Q.5. What are the business risks and competitive threats
in this market?
Q.6. What
are the emerging trends in this market and reasons behind them?
Q.7. What
are some changing customer demands in the market?
Q.8. What are
the new developments in the market? Which companies are leading these
developments?
Q.9. Who are the
major players in this market? What strategic initiatives are being taken by key
players for business growth?
Q.10. What are
some of the competing products in this market and how big of a threat do they
pose for loss of market share by material / product substitution?
Q.11. What M&A
activity has occurred in the last 5 years?
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