PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1391746
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1391746
India Ceiling Tiles Market, By Product Type ; By Application ; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2029
India Ceiling Tiles Market Size Grows at Steady CAGR of 5.62% to Touch USD 334.5 Million by 2029.
India ceiling tiles market is flourishing because of the thriving construction industry driven by a high demand for commercial and residential units in the rapidly expanding urban areas across the world's most populous country.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India ceiling tiles market size at USD 240.93 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the India ceiling tiles market size to grow at a significant CAGR of 5.62% reaching a value of USD 334.49 million by 2029. Major growth drivers for the India ceiling tiles market include the growing construction sector and the increasing prevalence of modern infrastructure projects. Another driving force is the rising pace of urbanization and consumer preferences for aesthetically pleasing and ornamental ceiling structures are stimulating demand for these products. Notably, the growing adoption of ceiling tiles in commercial settings such as theaters, shopping centers, corporate offices, and similar establishments, for the purpose of enhancing both aesthetics and sound quality, is further propelling market expansion. Also, heightened government investments in the renovation and construction of educational institutions, healthcare facilities, transportation hubs, governmental offices, and related infrastructure are acting as additional drivers for the ceiling tiles market. However, price sensitivity and competition from alternatives are anticipated to restrain the overall market growth during the forecast period.
India Ceiling Tiles Market - Overview
Ceiling tiles, also known as panels, are lightweight construction materials employed in ceilings to enhance interior aesthetics. These tiles, typically crafted from materials like gypsum, metals, mineral fiber, PVC, and wood, offer various advantages over traditional cement-based ceilings. These benefits encompass superior thermal and acoustic insulation, enhanced recyclability, ease of installation, cost-effective maintenance, improved aesthetics, and more. Consequently, ceiling tiles find extensive use in diverse construction sectors in India, including residential, retail, hospitality, healthcare, and corporate, due to their capacity to elevate interior design and functionality.
Impact of COVID-19 on India Ceiling Tiles Market
COVID-19 pandemic adversely affected the India ceiling tiles market. Lockdowns, disrupted supply chains, and economic uncertainties led to project delays and a temporary reduction in construction activities. A slowdown in commercial and residential construction, coupled with financial constraints, affected the demand for ceiling tiles. However, as lockdowns eased, the market showed signs of recovery, with increased emphasis on using ceiling tiles for hygiene and safety in public spaces. The need for improved indoor air quality and acoustic solutions also contributed to the market's resilience. The pandemic accelerated the adoption of innovative ceiling solutions, which, over time, positively impacted market growth.
India Ceiling Tiles Market - By Application
On the basis of application, the India ceiling tiles market is bifurcated into Residential Applications and Non-Residential Applications segments. The non-residential applications segment holds a higher share in the India ceiling tiles market by application. In these settings, ceiling tiles are extensively used to enhance interior aesthetics and functionality. They provide acoustic insulation, fire resistance, and improved air quality, making them indispensable for creating comfortable and safe environments. The growing number of commercial spaces, corporate offices, healthcare facilities, and hospitality establishments in India has led to increased demand for ceiling tiles in non-residential applications. As these sectors continue to expand, the prevalence of ceiling tiles remains high, driving their substantial market share. Also, the non-residential applications include private sector and public sector.
Competitive Landscape
Major players operating in the India ceiling tiles market include: Aerolite Industries Pvt Ltd, Everest Industries Limited, Hunter Douglas India Pvt Ltd (Hunter Douglas N.V.), India Gypsum Pvt Ltd, Ramco Industries Limited, Saint-Gobain Gyproc India Ltd (Compagnie de Saint-Gobain S.A.), Techno Ceiling Products, USG Boral Building Products India Pvt Ltd, VANS Gypsum Pvt Ltd, and Visaka Industries Limited. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the India Ceiling Tiles Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the India Ceiling Tiles Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Type Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Ceiling Tiles Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Growth in construction industry in India
- 3.2.1.2. Ongoing urbanization trend in India
- 3.2.2. Restraints
- 3.2.2.1. Price sensitivity
- 3.2.2.2. Competition from alternatives
- 3.2.3. Opportunities
- 3.2.3.1. Green building trends
- 3.2.3.2. Innovative designs
- 3.2.4. Challenges
- 3.2.4.1. Quality control
- 3.2.4.2. Installation and maintenance
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Ceiling Tiles Market Overview
- 4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share and Forecast
- 4.2.1. By Product Type
- 4.2.1.1. Calcium Silicate
- 4.2.1.2. PVC
- 4.2.1.3. Gypsum
- 4.2.1.4. Mineral Fiber
- 4.2.1.5. Metallic
- 4.2.1.6. Wood
- 4.2.1.7. Others
- 4.2.2. By Application
- 4.2.2.1. Residential Applications
- 4.2.2.2. Non-Residential Applications
- 4.2.2.2.1. Private Sector
- 4.2.2.2.2. Public Sector
- 4.2.3. By Region
- 4.2.3.1. North India
- 4.2.3.2. South India
- 4.2.3.3. East India
- 4.2.3.4. West India
- 4.2.1. By Product Type
5. North India Ceiling Tiles Market
- 5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Product Type
- 5.2.2. By Application
6. South India Ceiling Tiles Market
- 6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Product Type
- 6.2.2. By Application
7. East India Ceiling Tiles Market
- 7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Product Type
- 7.2.2. By Application
8. West India Ceiling Tiles Market
- 8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Product Type
- 8.2.2. By Application
9. Competitive Landscape
- 9.1. List of Key Players and Their Offerings
- 9.2. India Ceiling Tiles Market Share Analysis, 2022
- 9.3. Competitive Benchmarking, By Operating Parameters
- 9.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
10. Impact of Covid-19 on India Ceiling Tiles Market
11. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 11.1. Aerolite Industries Pvt Ltd
- 11.2. Everest Industries Limited
- 11.3. Hunter Douglas India Pvt Ltd (Hunter Douglas N.V.)
- 11.4. India Gypsum Pvt Ltd
- 11.5. Ramco Industries Limited
- 11.6. Saint-Gobain Gyproc India Ltd (Compagnie de Saint-Gobain S.A.)
- 11.7. Techno Ceiling Products
- 11.8. USG Boral Building Products India Pvt Ltd
- 11.9. VANS Gypsum Pvt Ltd
- 11.10. Visaka Industries Limited
- 11.11. Other Prominent Players
12. Key Strategic Recommendations
13. Research Methodology
- 13.1. Qualitative Research
- 13.1.1. Primary & Secondary Research
- 13.2. Quantitative Research
- 13.3. Market Breakdown & Data Triangulation
- 13.3.1. Secondary Research
- 13.3.2. Primary Research
- 13.4. Breakdown of Primary Research Respondents, By Region
- 13.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
- Figure 1 India Ceiling Tiles Segmentation
- Figure 2 India Ceiling Tiles Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 India Ceiling Tiles Market Size, By Value (USD Million), 2019-2029
- Figure 5 India Ceiling Tiles Market Share, By Product Type, By Value, 2019-2029
- Figure 6 India Ceiling Tiles Market Share, By Application, By Value, 2019-2029
- Figure 7 India Ceiling Tiles Market Share, By Region, By Value, 2019-2029
- Figure 8 North India Ceiling Tiles Market Size, By Value (USD Million), 2019-2029
- Figure 9 North India Ceiling Tiles Market Share, By Product Type, By Value, 2019-2029
- Figure 10 North India Ceiling Tiles Market Share, By Application, By Value, 2019-2029
- Figure 11
- Figure 12 South India Ceiling Tiles Market Size, By Value (USD Million), 2019-2029
- Figure 13 South India Ceiling Tiles Market Share, By Application, By Value, 2019-2029
- Figure 14 East India Ceiling Tiles Market Size, By Value (USD Million), 2019-2029
- Figure 15 East India Ceiling Tiles Market Share, By Product Type, By Value, 2019-2029
- Figure 16 East India Ceiling Tiles Market Share, By Application, By Value, 2019-2029
- Figure 17 West India Ceiling Tiles Market Size, By Value (USD Million), 2019-2029
- Figure 18 West India Ceiling Tiles Market Share, By Product Type, By Value, 2019-2029
- Figure 19 West India Ceiling Tiles Market Share, By Application, By Value, 2019-2029
List of Tables
- Table 1 India Ceiling Tiles Market Size, By Value (USD Million), 2019-2029
- Table 2 India Ceiling Tiles Market Size, By Product Type, By Value, 2019-2029
- Table 3 India Ceiling Tiles Market Size, By Application, By Value, 2019-2029
- Table 4 India Ceiling Tiles Market Size, By Region, By Value, 2019-2029
- Table 5 North India Ceiling Tiles Market Size, By Value (USD Million), 2019-2029
- Table 6 North India Ceiling Tiles Market Size, By Product Type, By Value, 2019-2029
- Table 7 North India Ceiling Tiles Market Size, By Application, By Value, 2019-2029
- Table 8 South India Ceiling Tiles Market Size, By Value (USD Million), 2019-2029
- Table 9 South India Ceiling Tiles Market Size, By Product Type, By Value, 2019-2029
- Table 10 South India Ceiling Tiles Market Size, By Application, By Value, 2019-2029
- Table 11 East India Ceiling Tiles Market Size, By Value (USD Million), 2019-2029
- Table 12 East India Ceiling Tiles Market Size, By Product Type, By Value, 2019-2029
- Table 13 East India Ceiling Tiles Market Size, By Application, By Value, 2019-2029
- Table 14 West India Ceiling Tiles Market Size, By Value (USD Million), 2019-2029
- Table 15 West India Ceiling Tiles Market Size, By Product Type, By Value, 2019-2029
- Table 16 West India Ceiling Tiles Market Size, By Application, By Value, 2019-2029
- Table 17 Aerolite Industries Pvt Ltd Company Overview
- Table 18 Aerolite Industries Pvt Ltd Financial Overview
- Table 19 Everest Industries Limited Company Overview
- Table 20 Everest Industries Limited Financial Overview
- Table 21 Hunter Douglas India Pvt Ltd (Hunter Douglas N.V.) Company Overview
- Table 22 Hunter Douglas India Pvt Ltd (Hunter Douglas N.V.) Financial Overview
- Table 23 India Gypsum Pvt Ltd Company Overview
- Table 24 India Gypsum Pvt Ltd Financial Overview
- Table 25 Ramco Industries Limited Company Overview
- Table 26 Ramco Industries Limited Financial Overview
- Table 27 Saint-Gobain Gyproc India Ltd (Compagnie de Saint-Gobain S.A.) Company Overview
- Table 28 Saint-Gobain Gyproc India Ltd (Compagnie de Saint-Gobain S.A.) Financial Overview
- Table 29 Techno Ceiling Products Company Overview
- Table 30 Techno Ceiling Products Financial Overview
- Table 31 USG Boral Building Products India Pvt Ltd Company Overview
- Table 32 USG Boral Building Products India Pvt Ltd Financial Overview
- Table 33 VANS Gypsum Pvt Ltd Company Overview
- Table 34 VANS Gypsum Pvt Ltd Financial Overview
- Table 35 Visaka Industries Limited Company Overview
- Table 36 Visaka Industries Limited Financial Overview
