NEW YORK, Feb. 16, 2017 /PRNewswire/ -- Trends, opportunities and forecast in this market to 2021 by end use type (commercial renovation, commercial new, residential), by application type (office, retail, education, healthcare, others), by profile type (T-bar, others), by color type (white, others), by suspension system type (exposed, concealed) by region (North America, Europe, Asia Pacific, Rest of the World)
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 $4.3 billion by 2021 and it is forecast to grow at a CAGR of 3.9% from 2016 to 2021. The major drivers of growth for this market are an increase in renovation activities, growth of commercial construction, and demand for ceiling products with high performance features such as being lightweight and having acoustic properties and excellent light reflection.
Emerging trends, which have a direct impact on the dynamics of the market, include the increasing usage of printed mineral fiber ceiling tiles, increasing usage of antimicrobial agents in mineral fiber ceiling tiles, and increasing usage of recycled content in the manufacturing of mineral fiber ceiling tiles.
The study includes a forecast for the growth opportunities in the global mineral fiber ceiling market by end use, application type, profile type, color type, suspension type, and region, as follows:
By End Use [Volume (M sqm) and Value ($ million) from 2010 to 2021]:
- Commercial renovation
- Commercial new
By Application [Volume (M sqm) and Value ($ million) from 2010 to 2021]:
By Profile type [Value $ million]
By Color type [Value $ million]
By Suspension system type [Value $ million]
By Region [Value $ billion from 2010 to 2021]:
- North America
- Asia Pacific
- Rest of the World
Armstrong World Industries, USG Corporation, Knauf, OWA, and Saint Gobain are the major manufacturers of the global mineral fiber ceiling market.
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.
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.
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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