Market Research Report
India Ceiling Tiles Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
|India Ceiling Tiles Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026|
Published: November 10, 2021
IMARC Services Private Limited
Content info: 110 Pages
Delivery time: 2-3 business days
The India ceiling tiles market grew at a CAGR of around 5% during 2015-2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Ceiling tiles or panels refer to lightweight construction materials primarily used in ceilings to improve the interior aesthetics of a room. Ceiling tiles are usually made up of gypsum, metals, mineral fiber, PVC, wood, etc. These tiles offer numerous benefits over conventional cement-based ceilings, such as high thermal and acoustic insulation, better recyclability, easy installation, low-cost maintenance and repair, improved aesthetics, etc. As a result, ceiling tiles are widely adopted during numerous construction activities across diverse sectors, including residential, retail, hospitality, healthcare, corporate, etc.
In India, the expanding construction industry coupled with the growing number of modern infrastructural projects is augmenting the market for ceiling tiles. Furthermore, the elevating levels of urbanization and the increasing consumer inclination towards false and aesthetically appealing ceiling structures are also propelling the product demand. Apart from this, the growing utilization of ceiling tiles in commercial buildings, such as multiplexes, shopping malls, business centers, etc., for decorative and soundproof interiors is also augmenting the market growth. Additionally, the rising investments by the Indian government in the construction and renovation of schools, hospitals, transport infrastructures, public offices, etc., is further driving the market for ceiling tiles.