by Corinne Gangloff
July 31, 2024
In area terms, best tiles will log 6.1% annual growth to 63 million square feet.
Cleveland OH, July 31, 2024 – A new report from Freedonia Group, US Ceilings, value demand for ceiling tiles rated best is forecast to achieve the fastest gains of any ceiling tile type, advancing 5.8% per year through 2028 to $297 million. In area terms, best tiles will log 6.1% annual growth to 63 million square feet. Like better tiles, growth will be fueled by design trends in commercial buildings favoring value-added sound control and aesthetic properties.
Due to the ongoing product mix shift in the ceiling tile market toward higher value products with superior performance, best tiles are expected to reach a share of 21% of the market in value terms while accounting for 4% in area terms in 2028.
Mineral fiber – which is made from a combination of materials including mineral wool, clay, perlite, cellulose, and starch – will remain the dominant ceiling tile material in both value and area terms and account for most of the demand gains in area terms, supported in part by the introduction of products with improved aesthetics. However, higher value materials such as fiberglass, which has better acoustics and aesthetics, and metal will continue to gain share from a smaller base. Nevertheless, value gains will continue to be supported by a shift toward the use of products with higher performance ratings – such as fiberglass tiles – which command a much higher average price than standard tiles.
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