Asia/Pacific Region Drives Global Nonresidential Ceiling Market Gains Through 2025

CLEVELAND, Oct. 26, 2021 /PRNewswire/ -- A new Freedonia Group analysis projects that the Asia/Pacific region will drive global demand for nonresidential ceiling products, growing at an above average pace through 2025. A large number of countries in the region are developing or upgrading infrastructure, leading to increased installation of both basic and specialty ceilings:

• Shifts away from wet construction methods will benefit increased use of prefabricated products such as ceiling tiles, as will increased focus on improving acoustics and aesthetics in more industrial settings.
• Higher value specialty products and ceiling tiles are being increasingly adopted in higher income areas such as South Korea as well as in buildings that see much outside traffic, such as airports, metro and train stations, and public spaces in hotels and cultural buildings.

As the stock of buildings with installed ceilings increases, replacement demand will also grow, especially for products like ceiling tiles, which can be easily damaged.

Global Nonresidential Ceilings Market to Near $8 Billion in 2025

Through 2025, global demand for nonresidential ceiling products is forecast to increase 4.8% annually to $7.9 billion, driven by:

• global building design trends favoring enhanced acoustics and aesthetics, resulting in a shift away from drywall and building plaster to ceiling tiles and specialty products
• rapid advances in new nonresidential building construction in China, India, and Indonesia
• rising nonresidential renovation activity in the US and Western Europe, particularly in office and institutional buildings
• increased market penetration of specialty products in all regions, including greater use of these products in conjunction with open plenum designs in retail buildings in the US

However, the market will continue to be restrained by the popularity of drywall and building plaster in many developing countries.

Want to Learn More?

This study analyzes global nonresidential ceiling demand by product and nonresidential building type. Historical data are provided for 2010, 2015, and 2020, and forecasts are presented for 2025 and 2030 in US dollars and square meters.

Products:

• ceiling tiles (i.e., ceiling panels): mineral fiber; metal; wood, vinyl-faced gypsum, and other materials
• suspension systems: aluminum, steel, and other materials, including vinyl
• specialty ceiling: baffles, clouds, stretch ceilings, and other specialty ceiling products, including ceiling islands, ceiling planks, and open cell ceilings

Nonresidential building types:

• offices, retail and wholesale, and lodging buildings
• institutional buildings such as schools, healthcare facilities, and religious institutions
• industrial buildings, predominately factories
• transportation buildings
• other commercial buildings such as civic centers and recreational facilities

About the Freedonia Group - The Freedonia Group, a division of MarketResearch.com, is the premier international industrial research company, providing our clients with product analyses, market forecasts, industry trends, and market share information. From one-person consulting firms to global conglomerates, our analysts provide companies with unbiased, reliable industry market research and analysis to help them make important business decisions. With over 100 studies published annually, we support over 90% of the industrial Fortune 500 companies. Find off-the-shelf studies at https://www.freedoniagroup.com/ or contact us for custom research: +1 440.842.2400.

SOURCE The Freedonia Group