STRETCH CEILINGS MARKET REPORT OVERVIEW
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The global stretch ceilings market size was USD 627.7 million in 2021 and is projected to touch USD 1200.43 million by 2031, exhibiting a CAGR of 6.7% during the forecast period.
This stretch ceilings market is expected to grow slowly during the COVID-19 pandemic. A stretch ceiling is also called a suspended ceiling system. It consists of two components: a perimeter track and a lightweight fabric membrane. The fabric stretches and clips into the track to cover a wall, light diffusers, and floating panels. Stretch ceilings use patented background support to incorporate all sorts of light fittings, grilles, and fixing points.
A dropped ceiling is a type of stretch ceiling. This technique is one of the earliest in the field of interior design. Throughout history, numerous countries have used fabric to hang from the ceiling. A drop ceiling is an excellent choice for any space where faults and damaged surfaces must be concealed. External pipes with an unattractive finish can be covered with fabric. Because this technique lowers the ceiling, it cannot be used in spaces with low ceilings. They're ideal for traditional tenements and other rooms with high ceilings. Issues such as mechanical deterioration can be solved with stretch ceilings. Therefore, it is one of the most long-lasting designs.
COVID-19 Impact: Halt on Production and Supply Chain Disruption to Impede Sales.
The COVID-19 pandemic has negatively affected several markets globally. The sudden spike in CAGR is attributable to the stretch ceilings market growth and demand returning to pre-pandemic levels once the pandemic is over.
The pandemic had a significant impact on the stretch ceiling sales. As COVID-19 imposed lockdowns in several nations, the stretch ceilings sales market devised strategies to ensure that production was not halted and that workers in their organizations were managed remotely wherever possible. To adjust to ever-changing conditions, communities and corporations have reversed their plans. Chemical demand is being shattered throughout end markets, global supply networks are being disrupted, and chemical company stock prices have taken unprecedented hits. The competitive order of chemicals manufacturers in the U.S., the Middle East, China, and Europe has changed nearly overnight. The pandemic exposed the vulnerability of global supply lines, prompting many businesses to look into more "local" supply chains. Companies that were successful in their operations established the correct mix between social distance and keeping plants functioning to provide fundamental necessities for society, and antiseptics, disinfectants, protective packaging, and other items required to combat the pandemic.
"Rising Demand from Interior Decoration to Bolster Market Progress"
The growing emphasis on interior and external design in commercial, industrial, and other businesses are driving the supply-demand curve for ceiling tiles globally. Ceiling tile producers are thriving as the building and construction sector continues to grow at an exponential rate. While laminated ceiling tile providers have seen a jump in demand, sales are expected to continue to grow in the coming years as demand from the residential, commercial, hospitality, and other sectors grow.
Strong demand for ceiling tiles has been fueled by strong expansion in hotel, residential, and commercial sectors. At the same time, rising housing values and continuously rising gross disposable household income (GHDI) in emerging countries encourage people to invest in home design, remodeling, and renovation. Manufacturers are responding by introducing new products that may be used in various settings. These factors are likely to bolster stretch ceilings sales market development during the upcoming years.
STRETCH CEILINGS MARKET SEGMENTATION
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- By Type Analysis
By type, the market is segmented into PVC ceilings and PTFE Ceilings.
The PVC ceilings segment is expected to lead because producers widely favor it since it is cost-effective, lightweight, and appropriate for various patterns and styles of ceiling tiles. PVC ceiling tiles have a wide range of uses in the industrial, residential, institutional, and other sectors. Therefore, manufacturers are increasingly embracing them to expand their market share. These factors are likely to influence the growth of the industry.
- By Application Analysis
Based on the application, the market is classified as indoor and outdoor.
The indoor segment is expected to be the leader because the rising popularity of interior decoration has resulted in a high rate of ceiling tile adoption in the residential sector. Ceiling tiles are rapidly gaining popularity in the residential sector as an important component in boosting interior aesthetics.
"Increasing Demand for PVC Panel to Facilitate Industry Progress"
PVC ceiling panels have grown in popularity because of their unique features, such as being lightweight, cost-effective, and adaptable in terms of design and application in the residential, commercial, and other sectors. Manufacturers favor polyvinyl chloride (PVC) since it is the world's third-most widely produced synthetic plastic polymer. It is easy to handle and install without the use of special tools. Manufacturers utilize this trend to enhance income and profit as demand for various PVC ceiling tiles, such as plain ceiling, textured ceiling, and others, continue to rise. These factors can influence the growth of the stretch ceilings sales market during the upcoming years.
"Increasing Adoption in Infrastructural Development to Magnify Market Growth"
Due to the continually developing service industry globally, the commercial building plays a significant role in this growth. Large domestic and foreign investments are being made in developing industrial units, hospitals, malls, cinemas, the hospitality industry, and the IT sector in Asia-Pacific, the U.S., and the Middle East and Africa, among others. Various international corporations have been looking into new or expanded projects in these areas. These investments are being made in some of the most desirable countries in these regions.
Ceiling tiles are commonly used in workplaces, retail establishments, educational institutions, hospitals, the hospitality industry, cinemas, home theatres, auditoriums, and other commercial spaces. Ceilings in office buildings must be strong, durable, and attractive, and the ceiling tiles utilized in this industry meet these requirements. Drop ceiling tiles and planks are the most common forms of ceiling tiles used in office buildings. These factors are likely to drive the stretch ceilings sales market growth.
"High Costs and Covid-19 Impact to Impede Market Progress"
While ceiling tiles are an important aspect of interior design, many small to medium residential complexes and institutions cannot afford them. Ceiling tile installations, such as drop/suspended, surface mounted, and others, are time-consuming, expensive, and require ongoing care. Furthermore, the COVID-19 pandemic negatively impacted the building, construction, and remodeling industries, decreasing stretch ceilings sales. Consumers' purchase patterns or propensity toward various services such as interior decorations have changed as the attention has turned more towards the emergency scenario since the rapid emergence of the pandemic.
STRETCH CEILINGS MARKET REGIONAL INSIGHTS
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"Presence of Prominent Players to Bolster Growth in Europe"
Regionally, the market is grouped into North America, Europe, Asia-Pacific, and the rest of the world.
Europe is expected to dominate the stretch ceilings sales market share. Germany is Europe's top construction market and home to the continent's greatest building stock, according to the Germany Trade and Investment (GTAI) report. Germany's hub of the European ceiling tile business is extremely profitable for both suppliers and manufacturers.
Asia-Pacific is the second-largest market shareholder for stretch ceilings sales. India's economy is being boosted by rapid expansion in the commercial sector and manufacturing centers. According to data released by the National Investment Promotion and Facilitation Agency, the commercial sectors in India are developing exponentially, and India is the world's fourth-largest automobile market and fifth-largest market in terms of domestic and international aviation passengers. This factor may boost the demand for stretch ceilings sales industry in the business sector.
In North America, the U.S. uses various types of ceiling tiles, such as plain ceiling tiles, fissured ceiling tiles, and others. Demand is being supplemented by the highly advanced hospitality, business, and other sectors.
KEY INDUSTRY PLAYERS
"Companies Adopt Technologically Advanced Production Techniques to Improve Market Position"
The stretch ceilings sales industry is rapidly developing, making competition for key competitors more fierce. Key market participants have begun launching a wide range of products to take advantage of the impending changes. Mid-size and smaller businesses expand their market presence by gaining new contracts and entering new markets due to technology improvement and product innovation.
List of Market Players Profiled
- Normalu (France)
- Serge Ferrari (France)
- Mehler (Germany)
- VERSEIDAG (Germany)
- Hiraoka (Japan)
- CLIPSO (France)
- ACS Production (France)
- Saros (Germany)
- Newmat (U.S.)
- Heytex (Germany)
- Vecta Design (Finland)
- March 2020: The ROCKWOOL Group's Rockfon North America announced the launch of a new Standard Wood Ceiling Program. The widely anticipated program, which includes four popular finishes, is specifically designed to fulfill the growing demand for wood goods in smaller-scale projects. This interior wood ceiling product collection offers a selected selection of the most popular systems, styles, and finishes to clients in the U.S.
This report covers the entire scope of the market research for the stretch ceilings sales. The report's market estimations are based on extensive secondary research, primary interviews, and in-house expert reviews. These market estimations were derived by analyzing the impact of different social, political, and economic factors and current market dynamics on the growth of the stretch ceilings sales industry.
Market Size Value In
US$ 627.7 Million in 2021
Market Size Value By
US$ 1200.43 Million by 2031
CAGR of 6.7% from 2021 to 2031
Historical Data Available
Type, Application & Region
Frequently Asked Questions
What value is the stretch ceilings sales market expected to touch by 2031?
Based on our research, the stretch ceilings sales market is projected to touch USD 1200.43 million by 2031.
What CAGR is the stretch ceilings sales market expected to exhibit by 2031?
The stretch ceilings sales market is expected to exhibit a CAGR of 6.7% by 2031.
Which are the driving factors of the stretch ceilings sales market?
Increasing smartphone sales and increasing adoption of the wire in the consumer electronics industry are the factors driving the stretch ceilings sales market.
Which are the top companies operating in the stretch ceilings sales market?
Normalu, Serge Ferrari, Mehler, VERSEIDAG, Hiraoka, CLIPSO, ACS Production, Saros, Newmat, Heytex, and Vecta Design are some of the top companies operating in the stretch ceilings sales market.