The growth of the global metal ceiling market is driven by
increasing awareness of environmental issues, regulatory compliance
requirements, and the aesthetic appeal and customization options
offered by metal ceilings.
PORTLAND, Ore., April 29, 2024 /PRNewswire/ -- Allied Market
Research published a report, titled, "Metal Ceilings
Market by Material (Steel, Aluminum, Others), Application
(Interior, Exterior), and End User (Commercial, Education,
Transport, Retail, Healthcare, Others): Global Opportunity Analysis
and Industry Forecast, 2023-2032". According to the report,
the "metal ceilings market" was valued at $2.4 billion in 2020, and is estimated to reach
$4.3 billion by 2032, growing at a
CAGR of 4.8% from 2023 to 2032.
Prime determinants of growth
The growth of the global metal ceiling market is driven by
increasing awareness of environmental issues, regulatory compliance
requirements, and the aesthetic appeal and customization options
offered by metal ceilings. However, fluctuating cost of metal used
for manufacturing metal ceilings restricts the market growth.
Moreover, a rise in popularity of sustainable development across
developed and developing economies presents new opportunities in
the coming years.
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Report coverage & details:
Report
Coverage
|
Details
|
Forecast
Period
|
2023–2032
|
Base Year
|
2022
|
Historical
Period
|
2020-2032
|
Market Size in
2020
|
$2.4 billion
|
Market Size in
2032
|
$4.3 billion
|
CAGR
|
4.8 %
|
No. of Pages in
Report
|
191
|
Segments
covered
|
Material, Application,
End User, and Region.
|
Drivers
|
Rising
Urbanization
Increasing investments
in public infrastructures
|
Opportunities
|
Growing popularity of
sustainable development
|
Restraints
|
Fluctuating cost of raw
materials
|
The aluminum segment to maintain its leadership status
throughout the forecast period
Based on material, the aluminum segment held the highest market
share in 2020, accounting for more than half of the global metal
ceiling market revenue, and is estimated to maintain its leadership
status throughout the forecast period. This segment is projected to
manifest the highest CAGR of 5.2% from 2023 to 2032. Aluminum is a
light and robust material with high resistance to
corrosion. These qualities of aluminum makes it highly
desirable for manufacturing metal ceiling.
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The interior segment to maintain its leadership status
throughout the forecast period
Based on application, the interior segment held the highest
market share in 2020, accounting for nearly three-fifths of the
global metal ceiling market revenue, and is estimated to maintain
its leadership status throughout the forecast period. This segment
is projected to manifest the highest CAGR of 5.2% from 2023 to
2032, owing to the rise in consumer awareness, growth in women's
employment in developing nations, presence of large youth
population, and increase in affordability.
The commercial segment to maintain its lead position during
the forecast period
Based on end user, the commercial segment accounted for the
largest share in 2020, contributing to nearly half of the global
metal ceiling market revenue, and is projected to maintain its lead
position during the forecast period. An increase in
urbanization and rise in the working-class population drives
the growth in the number of commercial buildings. However, the
retail stores segment is expected to portray the largest CAGR of
6.5% from 2023 to 2032, owing to better aesthetics and energy
saving capabilities of metal ceiling.
Asia-Pacific to maintain its
dominance by 2032
Based on region, the Asia-Pacific held the highest market share in
2020, accounting for more than two-fifths of the global metal
ceiling market revenue, and is estimated to maintain its leadership
status throughout the forecast period. This segment is projected to
manifest the highest CAGR of 5.3% from 2023 to 2032, owing to the
rapid rise in urban population and increasing investments in
infrastructure development.
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Leading Market Players: -
- Armstrong World Industries
- Hunter Douglas
- SAS International
- ROCKWOOL Group (Rockfon)
- Knauf (USG Corporation)
- Saint-Gobain (CertainTeed)
- OWA Ceiling Systems
- Gage Corporation International
- Decoustics
- Tincpro Metal Industries
The report provides a detailed analysis of these key players in
the global metal ceiling market. These players have adopted
different strategies such as new product launches, collaborations,
expansion, joint ventures, agreements, and others to increase their
market share and maintain dominant shares in different regions. The
report is valuable in highlighting business performance, operating
segments, product portfolio, and strategic moves of market players
to showcase the competitive scenario.
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