A stretch ceiling is also titled a suspended ceiling arrangement. It contains two components, a lightweight fabric membrane and a perimeter track. The fabric membrane is elastic and pins into the path to conceal a wall, moving boards, and light diffusers. This technique is highly utilized in the field of interior design. Many nations have used textile to suspend from the ceiling. Stretch ceilings use patented background support to include all sorts of light fittings, grilles, and fixing points. A drop ceiling is an admirable choice for any space where damaged surfaces and faults must be covered.
Business Research Insights states that the stretch ceilings market size was USD 675.9 million in 2020 and is expected to grow at a CAGR of 9.7% during the forecast period. The rising prominence of interior and external design in the industrial and commercial sectors is driving the supply-demand graph for ceiling tile mounting. Companies are reacting by announcing new products that might be used in numerous sets. These features are expected to boost the market growth of stretch ceilings during the forecast period.
Supply Chain Disruption Amid Pandemic Hindered Market Growth
The COVID-19 pandemic adversely affected the building & construction activities and renovation industries, leading to declined demand for the product sales. Chemical demand has been crushed in end-markets, with disruption in global supply chains, and exceptional hits in chemical corporation stock prices have taken place. The extensive outburst of COVID-19 has affected conflicts in global supply chains, leading to limitations, and travel restrictions by several governments. The delay of commercial movement due to the pandemic, combined with the travel restrictions, has created indecisions from companies involved in retailing. To adjust to ever-changing situations, populations and companies have upturned their strategies.
Below Mentioned are the Profiles of 5 Leading Companies Operating in the Stretch Ceilings Industry:
Normalu is headquartered in France and was established in 1960. The company has been serving globally for 50 years by creating advanced techniques. It focuses on the satisfaction of its customers and maintaining its product quality by incorporating advanced technologies.
- Serge Ferrari
The company is a leading composite fabric manufacturing company established in 1973 and headquartered in France. The company manufactures innovative fabrics for architectural and landscaping applications. Its high-end solutions focus on durability, safety, design, and comfort.
Mehler is headquartered in Germany and operates in industrial textiles. The company is a leading manufacturer with over 180 years of experience in the industry. It focuses on providing high-quality products to its customers and developing value added solutions.
VERSEIDAG is a leading Germany-based company specializing in manufacturing cutting-edge products and excellent solutions in numerous market segments. The company focuses on quality, service, innovation, and sustainability.
CLIPSO is a French manufacturer of stretch ceilings that was established in 1997. CLIPSO introduced a new track of business and prolonged the company’s capability by setting up a large-scale digital printing center in the Strasbourg area, giving it control over printing to safeguard high-quality outcomes for its customers.
Infrastructural Development Will Bolster Industrial Growth
Producers are boosting revenue and profits as the demand for numerous ceiling tiles, such as plain ceilings, textured ceilings, and others, witnesses a surge. Due to the frequently growing service sector, commercial construction shows a substantial part in this development. Numerous international companies have been observing new or extended ventures in these areas. These funds are being made in some of the most desired countries. Stretch ceilings sales are rapidly increasing, creating a struggle for key participants. Prominent players have started launching a varied collection of products to take benefit of the upcoming changes. SMEs expand their market existence by achieving new agreements and entering new markets, owing to technology enhancement and product modernism.