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.
Request PDF Sample Copy @ https://www.alliedmarketresearch.com/request-sample/A142141
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.
Buy This Research Report ( 191 Pages PDF with Insights, Charts, Tables, Figures) @
https://www.alliedmarketresearch.com/checkout-final/c747481b4617020f2fe863d228db716e
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.
Inquire Before Buying @ https://www.alliedmarketresearch.com/purchase-enquiry/A142141
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.
Trending Reports in Ceilings Industry (Book Now with 15% Discount):
Steel Roofing Market growing at a CAGR of 4.2% from 2023 to 2032.
Roofing Market registering a CAGR of 4.3% from 2021 to 2030.
Modular Construction Market growing at a CAGR of 6.1% from 2022 to 2031.
Roofing Underlay Market - Global Opportunity Analysis and Industry Forecast, 2023-2032
Suspended Ceiling Systems Market - Global Opportunity Analysis and Industry Forecast, 2023-2032
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact us:
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/metal-ceilings-market-to-reach-4-3-billion-globally-by-2032-at-4-8-cagr-allied-market-research-302129983.html
