NEW YORK, May 29, 2017 /PRNewswire/ -- Read the full report: http://www.reportlinker.com/p04895325/Ceilings-Market-in-the-US-By-Product-Market-Region-and-Building-Type-Edition.html
Recent architectural design trends are favoring improved aesthetics and sound control properties in nonresidential buildings, driving demand for clouds, baffles, stretch ceilings, and high NRC ceiling tiles, among other specialty products. Increased demand for more aesthetically pleasing suspension systems made of materials such as aluminum will bolster also demand in the US ceilings market.
Ceilings answers the following questions and more:
- How have design trends reshaped the ceilings industry?
- What will be the result of the recent product mix shift toward high grade ceiling tiles?
- Will specialty products continue to rapidly gain market share?
High Value Specialty Products and Mineral Fiber Tiles Drive Growth in the Ceilings Market
Gains for ceiling products will be fueled by the rising popularity of specialty products and high NRC tiles to meet current architectural design trends. Furthermore, advances will be driven by growth in office and commercial construction expenditures and rising business investment in upgrading and improving existing structures.
Key Findings in the Ceilings Study:
Specialty Products to be the Fastest Growing
Demand for specialty products will outpace the projected growth of both suspension systems and ceiling tiles. Of all specialty products, stretch ceilings will experience the fastest growth due to their superior aesthetics, among other factors. Additionally, trends toward more open architectural ceilings will increase the installation of products such as clouds or baffles in place of wall-to-wall ceilings.
Nonresidential Markets Will Continue to Drive Ceiling Demand
In 2016, the nonresidential ceiling market accounted for more than 90% of total demand, a trend that is expected to continue through the forecast period. Design trends and strong advances in office and commercial construction will bolster gains. Nonresidential markets will also benefit from healthy demand growth in the less volatile improvement and repair segment.
Area Demand to Remain Stagnant
A more modest outlook for area demand is a result of the rising popularity of open plenum designs as well as an increasing share of specialty products being installed, which generally provide less ceiling coverage than more traditional products.
This study presents historical demand data (2006, 2011, and 2016) and forecasts for 2021 by market (nonresidential and residential), product (ceiling tiles, suspension systems, and specialty products), and building type (institutional, commercial, lodging, office, and other nonresidential buildings).
The study also evaluates market share and competitive analysis on industry competitors including Armstrong World Industries, USG, Saint-Gobain (CertainTeed), ROCKWOOL (ROCKFON), and Hunter Douglas.
Read the full report: http://www.reportlinker.com/p04895325/Ceilings-Market-in-the-US-By-Product-Market-Region-and-Building-Type-Edition.html
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