North America Mineral Wool Ceiling Tiles Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The North America mineral wool ceiling tiles market size reached US$ 4.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.
Mineral wool ceiling tile is a high-grade interior decorative material, containing mineral wool fiber as the main raw material. It can be produced in a wide range of product forms, sizes, thicknesses and densities depending on the performance and specification required. Mineral wool ceiling tiles offer several advantages and have numerous performance characteristics, which include fire resistance, sound insulation, light reflectance, physical strength and durability. Moreover, owing to their thermal insulation and acoustical properties, these tiles are gaining popularity in the construction of retail stores, offices, hotels, hospitals, transportation terminals and drywall grid systems.
The North America mineral wool ceiling tiles market is currently driven by several factors. Mineral wool ceiling tiles are lightweight, construction materials, which are extensively utilized in residential, commercial and industrial buildings across the region. Furthermore, these tiles are durable, cost-effective and offer several environmental benefits, such as low carbon footprint, provision of healthy indoor environment and reduction in air pollution, which in turn, is propelling the demand. In addition to this, mineral wool ceiling tiles are recyclable in nature, which improves the environmental sustainability of a property. Apart from this, rising per capita incomes coupled with the high economic growth in the region have enabled consumers to adopt better living standards. Owing to this, there has been an escalated demand for mineral wool ceiling tiles in luxurious housing and other infrastructural development projects in the region.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the North America mineral wool ceiling tiles market report, along with forecasts at the regional and country levels from 2023-2028. Our report has categorized the market based on application.
Key Regions Analysed
United States
Canada
Analysis for Each Country
Market by Application
Residential
Non-Residential
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
Competitive Landscape
Competitive Structure
Key Player Profiles
Key Questions Answered in This Report:
How has the North America mineral wool ceiling tiles market performed so far and how will it perform in the coming years?
What are the key regions in the North America mineral wool ceiling tiles market?
What has been the impact of COVID-19 on the North America mineral wool ceiling tiles market?
What is the breakup of the North America mineral wool ceiling tiles market on the basis of application?
What are the various stages in the value chain of the North America mineral wool ceiling tiles industry?
What are the key driving factors and challenges in the North America mineral wool ceiling tiles industry?
What is the structure of the North America mineral wool ceiling tiles industry and who are the key players?
What is the degree of competition in the North America mineral wool ceiling tiles industry?
What are the profit margins in the North America mineral wool ceiling tiles industry?
The North America mineral wool ceiling tiles market size reached US$ 4.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.
Mineral wool ceiling tile is a high-grade interior decorative material, containing mineral wool fiber as the main raw material. It can be produced in a wide range of product forms, sizes, thicknesses and densities depending on the performance and specification required. Mineral wool ceiling tiles offer several advantages and have numerous performance characteristics, which include fire resistance, sound insulation, light reflectance, physical strength and durability. Moreover, owing to their thermal insulation and acoustical properties, these tiles are gaining popularity in the construction of retail stores, offices, hotels, hospitals, transportation terminals and drywall grid systems.
The North America mineral wool ceiling tiles market is currently driven by several factors. Mineral wool ceiling tiles are lightweight, construction materials, which are extensively utilized in residential, commercial and industrial buildings across the region. Furthermore, these tiles are durable, cost-effective and offer several environmental benefits, such as low carbon footprint, provision of healthy indoor environment and reduction in air pollution, which in turn, is propelling the demand. In addition to this, mineral wool ceiling tiles are recyclable in nature, which improves the environmental sustainability of a property. Apart from this, rising per capita incomes coupled with the high economic growth in the region have enabled consumers to adopt better living standards. Owing to this, there has been an escalated demand for mineral wool ceiling tiles in luxurious housing and other infrastructural development projects in the region.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the North America mineral wool ceiling tiles market report, along with forecasts at the regional and country levels from 2023-2028. Our report has categorized the market based on application.
Key Regions Analysed
United States
Canada
Analysis for Each Country
Market by Application
Residential
Non-Residential
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
Competitive Landscape
Competitive Structure
Key Player Profiles
Key Questions Answered in This Report:
How has the North America mineral wool ceiling tiles market performed so far and how will it perform in the coming years?
What are the key regions in the North America mineral wool ceiling tiles market?
What has been the impact of COVID-19 on the North America mineral wool ceiling tiles market?
What is the breakup of the North America mineral wool ceiling tiles market on the basis of application?
What are the various stages in the value chain of the North America mineral wool ceiling tiles industry?
What are the key driving factors and challenges in the North America mineral wool ceiling tiles industry?
What is the structure of the North America mineral wool ceiling tiles industry and who are the key players?
What is the degree of competition in the North America mineral wool ceiling tiles industry?
What are the profit margins in the North America mineral wool ceiling tiles industry?
1 PREFACE
2 SCOPE AND METHODOLOGY
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1Overview
4.2Key Industry Trends
5 GLOBAL MINERAL WOOL CEILING TILES MARKET
5.1Market Performance
5.2Market Breakup by Application
5.3Market Breakup by Region
5.4Market Forecast
6 NORTH AMERICA MINERAL WOOL CEILING TILES MARKET
6.1Market Performance
6.2Impact of COVID-19
6.3Market Forecast
7 NORTH AMERICA MINERAL WOOL CEILING TILES MARKET: BREAKUP BY APPLICATION
7.1Residential
7.2Non-Residential
8 NORTH AMERICA MINERAL WOOL CEILING TILES MARKET: BREAKUP BY COUNTRY
8.1 United States
8.1.1Historical Market Trends
8.1.2Market Breakup by Application
8.1.3Market Forecast
8.2 Canada
8.2.1Historical Market Trends
8.2.2Market Breakup by Application
8.2.3Market Forecast
9 SWOT ANALYSIS
9.1Overview
9.2Strengths
9.3Weaknesses
9.4Opportunities
9.5Threats
10 VALUE CHAIN ANALYSIS
10.1Overview
10.2Pre-Processing of Raw Materials
10.3Manufacturer
10.4Marketing
10.5Distributor
10.6Retailer/Exporter
10.7End-User
11 PORTER’S FIVE FORCES ANALYSIS
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Rivalry
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 PRICE ANALYSIS
13 COMPETITIVE LANDSCAPE
13.1Market Structure
13.2Key Players
13.3Profiles of Key Players
2 SCOPE AND METHODOLOGY
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1Overview
4.2Key Industry Trends
5 GLOBAL MINERAL WOOL CEILING TILES MARKET
5.1Market Performance
5.2Market Breakup by Application
5.3Market Breakup by Region
5.4Market Forecast
6 NORTH AMERICA MINERAL WOOL CEILING TILES MARKET
6.1Market Performance
6.2Impact of COVID-19
6.3Market Forecast
7 NORTH AMERICA MINERAL WOOL CEILING TILES MARKET: BREAKUP BY APPLICATION
7.1Residential
7.2Non-Residential
8 NORTH AMERICA MINERAL WOOL CEILING TILES MARKET: BREAKUP BY COUNTRY
8.1 United States
8.1.1Historical Market Trends
8.1.2Market Breakup by Application
8.1.3Market Forecast
8.2 Canada
8.2.1Historical Market Trends
8.2.2Market Breakup by Application
8.2.3Market Forecast
9 SWOT ANALYSIS
9.1Overview
9.2Strengths
9.3Weaknesses
9.4Opportunities
9.5Threats
10 VALUE CHAIN ANALYSIS
10.1Overview
10.2Pre-Processing of Raw Materials
10.3Manufacturer
10.4Marketing
10.5Distributor
10.6Retailer/Exporter
10.7End-User
11 PORTER’S FIVE FORCES ANALYSIS
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Rivalry
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 PRICE ANALYSIS
13 COMPETITIVE LANDSCAPE
13.1Market Structure
13.2Key Players
13.3Profiles of Key Players
LIST OF TABLES
Table 1: North America: Mineral Wool Ceiling Tiles Market: Key Industry Highlights, 2022 and 2028
Table 2: North America: Mineral Wool Ceiling Tiles Market Forecast: Breakup by Application (in ‘000 US$), 2023-2028
Table 3: North America: Mineral Wool Ceiling Tiles Market Forecast: Breakup by Country (in ‘000 US$), 2023-2028
Table 4: North America: Mineral Wool Ceiling Tiles Market: Competitive Structure
Table 5: North America: Mineral Wool Ceiling Tiles Market: Key Players
Table 1: North America: Mineral Wool Ceiling Tiles Market: Key Industry Highlights, 2022 and 2028
Table 2: North America: Mineral Wool Ceiling Tiles Market Forecast: Breakup by Application (in ‘000 US$), 2023-2028
Table 3: North America: Mineral Wool Ceiling Tiles Market Forecast: Breakup by Country (in ‘000 US$), 2023-2028
Table 4: North America: Mineral Wool Ceiling Tiles Market: Competitive Structure
Table 5: North America: Mineral Wool Ceiling Tiles Market: Key Players
LIST OF FIGURES
Figure 1: North America: Mineral Wool Ceiling Tiles Market: Major Drivers and Challenges
Figure 2: Global: Mineral Wool Ceiling Tiles Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Mineral Wool Ceiling Tiles Market: Breakup by Application (in %), 2022
Figure 4: Global: Mineral Wool Ceiling Tiles Market: Breakup by Region (in %), 2022
Figure 5: Global: Mineral Wool Ceiling Tiles Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 6: North America: Mineral Wool Ceiling Tiles Market: Sales Value (in Billion US$), 2017-2022
Figure 7: North America: Mineral Wool Ceiling Tiles Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: North America: Mineral Wool Ceiling Tiles Market: Breakup by Application (in %), 2022
Figure 9: North America: Mineral Wool Ceiling Tiles (Residential) Market: Sales Value (in ‘000 US$), 2017 & 2022
Figure 10: North America: Mineral Wool Ceiling Tiles (Residential) Market Forecast: Sales Value (in ‘000 US$), 2023-2028
Figure 11: North America: Mineral Wool Ceiling Tiles (Non-Residential) Market: Sales Value (in ‘000 US$), 2017 & 2022
Figure 12: North America: Mineral Wool Ceiling Tiles (Non-Residential) Market Forecast: Sales Value (in ‘000 US$), 2023-2028
Figure 13: North America: Mineral Wool Ceiling Tiles Market: Breakup by Country (in %), 2022
Figure 14: United States: Mineral Wool Ceiling Tiles Market: Sales Value (in ‘000 US$), 2017-2022
Figure 15: United States: Mineral Wool Ceiling Tiles Market: Breakup by Application (in %), 2022
Figure 16: United States: Mineral Wool Ceiling Tiles Market Forecast: Sales Value (in ‘000 US$), 2023-2028
Figure 17: Canada: Mineral Wool Ceiling Tiles Market: Sales Value (in ‘000 US$), 2017-2022
Figure 18: Canada: Mineral Wool Ceiling Tiles Market: Breakup by Application (in %), 2022
Figure 19: Canada: Mineral Wool Ceiling Tiles Market Forecast: Sales Value (in ‘000 US$), 2023-2028
Figure 20: North America: Mineral Wool Ceiling Tiles Industry: SWOT Analysis
Figure 21: North America: Mineral Wool Ceiling Tiles Industry: Value Chain Analysis
Figure 22: North America: Mineral Wool Ceiling Tiles Industry: Porter’s Five Forces Analysis
Figure 1: North America: Mineral Wool Ceiling Tiles Market: Major Drivers and Challenges
Figure 2: Global: Mineral Wool Ceiling Tiles Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Mineral Wool Ceiling Tiles Market: Breakup by Application (in %), 2022
Figure 4: Global: Mineral Wool Ceiling Tiles Market: Breakup by Region (in %), 2022
Figure 5: Global: Mineral Wool Ceiling Tiles Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 6: North America: Mineral Wool Ceiling Tiles Market: Sales Value (in Billion US$), 2017-2022
Figure 7: North America: Mineral Wool Ceiling Tiles Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: North America: Mineral Wool Ceiling Tiles Market: Breakup by Application (in %), 2022
Figure 9: North America: Mineral Wool Ceiling Tiles (Residential) Market: Sales Value (in ‘000 US$), 2017 & 2022
Figure 10: North America: Mineral Wool Ceiling Tiles (Residential) Market Forecast: Sales Value (in ‘000 US$), 2023-2028
Figure 11: North America: Mineral Wool Ceiling Tiles (Non-Residential) Market: Sales Value (in ‘000 US$), 2017 & 2022
Figure 12: North America: Mineral Wool Ceiling Tiles (Non-Residential) Market Forecast: Sales Value (in ‘000 US$), 2023-2028
Figure 13: North America: Mineral Wool Ceiling Tiles Market: Breakup by Country (in %), 2022
Figure 14: United States: Mineral Wool Ceiling Tiles Market: Sales Value (in ‘000 US$), 2017-2022
Figure 15: United States: Mineral Wool Ceiling Tiles Market: Breakup by Application (in %), 2022
Figure 16: United States: Mineral Wool Ceiling Tiles Market Forecast: Sales Value (in ‘000 US$), 2023-2028
Figure 17: Canada: Mineral Wool Ceiling Tiles Market: Sales Value (in ‘000 US$), 2017-2022
Figure 18: Canada: Mineral Wool Ceiling Tiles Market: Breakup by Application (in %), 2022
Figure 19: Canada: Mineral Wool Ceiling Tiles Market Forecast: Sales Value (in ‘000 US$), 2023-2028
Figure 20: North America: Mineral Wool Ceiling Tiles Industry: SWOT Analysis
Figure 21: North America: Mineral Wool Ceiling Tiles Industry: Value Chain Analysis
Figure 22: North America: Mineral Wool Ceiling Tiles Industry: Porter’s Five Forces Analysis
