The India ceiling tiles market size reached INR 2,391 Crore in 2022. Looking forward, IMARC Group expects the market to reach INR 3,373 Crore by 2028, exhibiting a growth rate (CAGR) of 5.5% during 2023-2028.
Market Outlook:
Ceiling tiles or panels represent lightweight construction materials mainly used in roofs to improve the interior aesthetics of a room. These boards are usually made up of metals, mineral fiber, gypsum, PVC, wood, etc. Ceiling tiles offer various benefits over conventional cement-based tops, such as better recyclability, easy installation, high thermal and acoustic insulation, low-cost maintenance and repair, improved aesthetics, etc. As a result, these panels find widespread applications in several construction activities across various sectors, including retail, hospitality, residential, healthcare, corporate, etc.
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Key Market Players:
Aerolite Industries Pvt. Ltd.AWI Licensing LLCDiamond International Inex Private LimitedEverest Industries LimitedHunter Douglas India Pvt Ltd. (Hunter Douglas N.V.)India Gypsum Pvt. Ltd.Knauf AMF GmbH & Co. KGRamco Industries LimitedSaint-Gobain Gyproc India Ltd (Compagnie de Saint-Gobain S.A.)Techno Ceiling ProductsUSG Boral Building Products India Pvt. LtdVANS Gypsum Pvt. LtdVisaka Industries LimitedIndia Ceiling Tiles Market Growth Drivers:
The expanding construction industry and the rising number of modern infrastructural projects are among the primary factors driving the India ceiling tiles market. Besides this, the emerging trend of urbanization and the increasing consumer inclination towards false and aesthetically appealing roof structures are further augmenting the India ceiling tiles market growth. Moreover, the escalating demand for decorative and soundproof tops in public spaces, such as multiplexes, shopping malls, business centers, and transport infrastructures, has propelled the utilization of ceiling tiles, which is also catalyzing the market across India.
Apart from this, the launch of several policies by the government bodies to invest in the construction and renovation of schools, hospitals, transport infrastructures, public offices, etc., is acting as another significant growth-inducing factor. Additionally, the introduction of innovative and cost-effective roof panels that offer stylish and luxurious interiors, enhanced noise absorption quality, and a simplified installation process is also stimulating the market growth. Furthermore, the increasing number of modern development projects, various product innovations, and technological advancements in the production process are expected to bolster the India ceiling tiles market in the coming years.
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Key Market Segmentation:
The report has categorized the market based on product type and application.
Breakup by Product Type:
GypsumMineral FiberMetallicCalcium SilicatePVCWoodOthersBreakup by Application:
Non-Residential ApplicationsPrivate SectorPublic SectorResidential ApplicationsBreakup by Region:
South IndiaWest and Central IndiaNorth IndiaEast IndiaAsk Analyst for 10% free customized report: https://www.imarcgroup.com/request?type=report&id=3312&flag=C
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