Market Forecast By Material Type (Mineral Wool, Metal, Gypsum, Others), By Application (Residential, Non-residential) And Competitive Landscape
Product Code: ETC317784 | Publication Date: Aug 2022 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India ceiling tiles market import shipments demonstrated a significant growth trend with a strong CAGR from 2020-2024. However, there was a sharp decline in growth rate between 2023-2024, indicating a notable slowdown in market expansion. Overall, the market showed signs of deceleration after a period of substantial growth.
Report Name | India Ceiling Tiles Market |
Forecast period | 2025-2031 |
CAGR | 5% |
Growing Sector | Residential |
The India Ceiling Tiles Market Report thoroughly covers the market by material type and application. The India Ceiling Tiles Market Outlook report provides an unbiased and detailed analysis of the ongoing India Ceiling Tiles Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
The India ceiling tiles market is expected to achieve significant growth in the future. The growing demand for energy-efficient and cost-effective building solutions, along with the increasing construction activities in the country, is driving the growth of this market.
According to 6Wresearch, the India Ceiling Tiles Market size is projected to rise at a CAGR of 5% during 2025-2031. There are several factors contributing to the growth of the ceiling tiles market in India. The rapid urbanization and industrialization in the country have led to an increase in construction activities, especially in the commercial and residential sectors. Moreover, the government's focus on promoting sustainable building solutions and policies to reduce carbon footprint is also driving the adoption of energy-efficient materials like ceiling tiles.
Despite the promising growth opportunities, there are some challenges that the ceiling tiles market in India may face. One of the significant challenges is the lack of awareness about modern building materials like ceiling tiles among consumers and contractors. Moreover, the high initial cost of installation and limited availability of skilled labor for tile installation can also pose challenges to the India Ceiling Tiles Market growth.
One of the key players in this market is Armstrong World Industries Inc., a leading manufacturer of mineral fiber and fiberglass ceiling systems. The company has a strong presence in the Indian market, offering a wide range of ceiling tiles products for both commercial and residential applications. Another major player in the India ceiling tiles market is Saint-Gobain Gyproc India Ltd., a subsidiary of the French multinational corporation Saint-Gobain. The company offers a diverse portfolio of innovative ceiling solutions, including mineral fiber, gypsum, and metal ceiling tiles.
The Indian government has also taken several initiatives to promote the use of sustainable and energy-efficient building materials, including ceiling tiles. The implementation of the Energy Conservation Building Code (ECBC) by the Bureau of Energy Efficiency (BEE) is a major step towards promoting green construction practices in the country. This code mandates the use of energy-efficient materials, such as ceiling tiles, in all new construction projects. Moreover, the Indian Green Building Council's (IGBC) leadership in energy and environmental design (LEED) certification program has also been instrumental in driving the demand for sustainable building materials.
The ceiling tiles market in India has significant growth potential, driven by the country's increasing focus on sustainable and affordable building solutions. As more consumers become aware of the benefits of modern building materials like ceiling tiles, there is an opportunity for manufacturers to educate and promote their products. Moreover, advancements in technology have made it possible to produce ceiling tiles at a lower cost, making them more affordable for consumers. This presents an opportunity for manufacturers to tap into the growing demand for cost-effective building solutions.
According to Kapil, Senior Research Analyst, 6Wresearch, mineral wool ceiling tiles are gaining popularity due to their fire-resistant properties and high sound absorption. They are also lightweight, making them easy to install and handle. With the growing concern for safety regulations in buildings, the demand for mineral wool ceiling tiles is expected to increase.
The application segment of residential buildings is currently growing in the India ceiling tiles market. This can be attributed to the increasing construction activities in the country, especially in urban areas. The demand for aesthetically pleasing and affordable housing has led to a rise in the use of ceiling tiles in residential buildings.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Ceiling Tiles Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Ceiling Tiles Market Revenues & Volume, 2021 & 2031F |
3.3 India Ceiling Tiles Market - Industry Life Cycle |
3.4 India Ceiling Tiles Market - Porter's Five Forces |
3.5 India Ceiling Tiles Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.6 India Ceiling Tiles Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Ceiling Tiles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the construction industry in India, leading to increased demand for ceiling tiles. |
4.2.2 Government initiatives promoting sustainable and energy-efficient building materials. |
4.2.3 Rising disposable income and urbanization driving the demand for aesthetically pleasing interiors. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs. |
4.3.2 Intense competition among market players leading to pricing pressure. |
4.3.3 Lack of awareness and adoption of ceiling tiles in certain regions of India. |
5 India Ceiling Tiles Market Trends |
6 India Ceiling Tiles Market, By Types |
6.1 India Ceiling Tiles Market, By Material Type |
6.1.1 Overview and Analysis |
6.1.2 India Ceiling Tiles Market Revenues & Volume, By Material Type, 2021-2031F |
6.1.3 India Ceiling Tiles Market Revenues & Volume, By Mineral Wool, 2021-2031F |
6.1.4 India Ceiling Tiles Market Revenues & Volume, By Metal, 2021-2031F |
6.1.5 India Ceiling Tiles Market Revenues & Volume, By Gypsum, 2021-2031F |
6.1.6 India Ceiling Tiles Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Ceiling Tiles Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Ceiling Tiles Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 India Ceiling Tiles Market Revenues & Volume, By Non-residential, 2021-2031F |
7 India Ceiling Tiles Market Import-Export Trade Statistics |
7.1 India Ceiling Tiles Market Export to Major Countries |
7.2 India Ceiling Tiles Market Imports from Major Countries |
8 India Ceiling Tiles Market Key Performance Indicators |
8.1 Average selling price (ASP) of ceiling tiles in India. |
8.2 Adoption rate of innovative and sustainable ceiling tile designs. |
8.3 Percentage increase in the usage of ceiling tiles in commercial vs. residential construction projects. |
9 India Ceiling Tiles Market - Opportunity Assessment |
9.1 India Ceiling Tiles Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.2 India Ceiling Tiles Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Ceiling Tiles Market - Competitive Landscape |
10.1 India Ceiling Tiles Market Revenue Share, By Companies, 2024 |
10.2 India Ceiling Tiles Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |