Strong Growth Forecast For Global Ceiling Tiles Market

The global market for ceiling tiles was estimated at US$6.1 billion in 2020 and is projected to reach a revised size of $9.9 billion by 2026, growing at a compound annual growth rate (CAGR) of eight per cent over the analysis period, says a report from Global Industry Analysts Inc. Mineral wool, one of the segments analyzed in the report, is projected to record an 8.4 per cent CAGR and reach $4.6 billion by the end of 2026. Growth in the metal segment is forecast at 7.3 per cent CAGR for the next seven-year period. The ceiling tiles market in Canada is expected grow at a CAGR of 7.2 per cent.