Ceiling Panels Market Report 2025 (Global Edition)

Global Ceiling Panels Market Report 2024 Market Size Split by Material Type Outlook: (Mineral Fiber Ceiling Panels, Metal Ceiling Panels, Gypsum Ceiling Panels, Others), by Application Outlook: (Non-R...

Ceiling Panels Market Report Description

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Competitive Landscape of the Ceiling Panels Market

The ceiling panels market is highly competitive, characterized by the presence of several global and regional players offering a wide range of products. Key companies in the market, such as Armstrong World Industries, Saint-Gobain, Hunter Douglas, and USG Corporation, dominate through their extensive product portfolios, strong distribution networks, and focus on innovation.

In July 2020, Armstrong World Industries, Inc. acquired all of the issued and outstanding capital shares of TURF Design, Inc., which has one production site in Elgin, Illinois and one design center in Chicago, Illinois. Turf is a maker and creator of acoustic felt ceilings and wall products. (Source:https://www.annualreports.com/HostedData/AnnualReportArchive/a/NYSE_AWI_2020.pdf) In January 2021, Saint-Gobain Gyproc announced the launch of a manufacturing facility for ceiling tiles in India. The facility has 21,000 sq. ft., strategically located for servicing the market of gypsum ceiling tiles across India and helping minimize the carbon footprint and material availability. (Source: https://www.constructionweekonline.in/business/16486-gyproc-india-sets-up-a-new-facility-for-ceiling-)

Top Companies Market Share in Ceiling Panels Industry: (In no particular order of Rank)

• AWI Licensing LLC
• USG Corporation
• Knauf Gips KG
• ROCKWOOL International A/S
• Odenwald Faserplattenwerk GmbH
• Saint-Gobain Gyproc
• SAS International
• BYUCKSAN
• HIL Limited
• Hunter Douglas
• KET Ceilings
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Ceiling Panels Market

Which Region Dominates the Ceiling Panels Market in 2024?

According to Cognitive Market Research, North America dominates the ceiling panels market due to its robust construction industry, driven by both residential and commercial projects. High investments in infrastructure development, coupled with stringent energy efficiency and building standards, have accelerated the adoption of advanced ceiling panel solutions. The region's focus on sustainable and aesthetic interior designs further boosts demand for innovative panels, including acoustic and eco-friendly options.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is the fastest-growing region in the ceiling panels market due to rapid urbanization, industrialization, and increasing infrastructure development across emerging economies like China, India, and Southeast Asia. The demand for modern building materials, including ceiling panels, is rising in both residential and commercial sectors. Growing construction activities, coupled with rising disposable incomes and evolving lifestyles, fuel this demand.

The current report Scope analyzes Ceiling Panels Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Ceiling Panels

According to Cognitive Market Research, the global Ceiling Panels market size was estimated at USD 8614.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 3445.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Ceiling Panels market with a market size of USD 2718.74 million in 2024 and is projected to grow at a CAGR of 7.7% during the forecast period. The U.S. market's rapid urbanization, increasing construction activities.
• The Canada Ceiling Panels market had a market share of USD 413.50 million in 2024 and is projected to grow at a CAGR of 8.7% during the forecast period. Canada’s rapid urbanization, increasing construction activities.
• The Mexico Ceiling Panels market is projected to witness growth at a CAGR of 8.4% during the forecast period, with a market size of USD 313.57 million in 2024.

Europe Ceiling Panels

According to Cognitive Market Research, the global Ceiling Panels market size was estimated at USD 8614.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 2584.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.

• The United Kingdom Ceiling Panels market had a market share of USD 434.17 million in 2024 and is projected to grow at a CAGR of 9.0% during the forecast period. In the UK, Ceiling Panels sales witness an upswing due to the robust construction activities.
• The France Ceiling Panels market is projected to witness growth at a CAGR of 7.4% during the forecast period, with a market size of USD 237.76 million in 2024.
• According to Cognitive Market Research, the German Ceiling Panels market size was valued at USD 511.70 million in 2024 and is projected to grow at a CAGR of 8.4% during the forecast period. In Germany, Ceiling Panels surged due to the robust construction activities.
• The Italy Ceiling Panels market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 222.25 million in 2024.
• The Russia Ceiling Panels market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 400.57 million in 2024.
• The Spain Ceiling Panels market is projected to witness growth at a CAGR of 7.3% during the forecast period with a market size of USD 211.92 million in 2024
• The Luxembourg Ceiling Panels market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 80.11 million in 2024.
• The Portugal Ceiling Panels market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 54.27 million in 2024.
• The Greece Ceiling Panels market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 31.01 million in 2024.
• The Rest of Europe's Ceiling Panels market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 400.57 million in 2024.

Asia Pacific Ceiling Panels

According to Cognitive Market Research, the global Ceiling Panels market size was estimated at USD 8614.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1981.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.7% from 2024 to 2031.

• According to Cognitive Market Research, the China Ceiling Panels market size was valued at USD 891.60 million in 2024 and is projected to grow at a CAGR of 11.2% during the forecast period. Ceiling Panels surged in China due to booming construction sector, urbanization
• The Japan Ceiling Panels market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 273.42 million in 2024.
• The India Ceiling Panels market had a market share of USD 237.76 million in 2024 and is projected to grow at a CAGR of 13.5% during the forecast period. India's booming construction sector, urbanization.
• The South Korean Ceiling Panels market is projected to witness growth at a CAGR of 10.8% during the forecast period, with a market size of USD 198.13 million in 2024.
• The Australian Ceiling Panels market is projected to witness growth at a CAGR of 11.4% during the forecast period, with a market size of USD 103.03 million in 2024.
• The South East Asia Ceiling Panels market is projected to witness growth at a CAGR of 12.7% during the forecast period, with a market size of USD 136.71 million in 2024.
• The Rest of Asia Pacific Ceiling Panels market is projected to witness growth at a CAGR of 11.5% during the forecast period, with a market size of USD 140.67 million in 2024.

South America Ceiling Panels

According to Cognitive Market Research, the global Ceiling Panels market size was estimated at USD 8614.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 430.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Ceiling Panels market size was valued at USD 184.35 million in 2024 and is projected to grow at a CAGR of 9.7% during the forecast period. Ceiling Panels flourished in Brazil due to commercial and residential construction activities.
• Argentina's Ceiling Panels market had a market share of USD 72.36 million in 2024 and is projected to grow at a CAGR of 10.0% during the forecast period. Argentina's commercial and residential construction activities.
• Colombia Ceiling Panels market is projected to witness growth at a CAGR of 8.9% during the forecast period, with a market size of USD 38.33 million in 2024.
• Peru Ceiling Panels market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 35.32 million in 2024.
• Chile Ceiling Panels market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 31.01 million in 2024.
• The Rest of Latin America's Ceiling Panels market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 69.35 million in 2024.

Middle East and Africa Ceiling Panels

According to Cognitive Market Research, the global Ceiling Panels market size was estimated at USD 8614.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 172.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.4% from 2024 to 2031..

• The GCC Countries Ceiling Panels market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 73.74 million in 2024. Ceiling Panels sales flourish due to the rapid urbanization, large-scale infrastructure projects.
• The Egypt Ceiling Panels market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 18.09 million in 2024.
• The South Africa Ceiling Panels market is projected to witness growth at a CAGR of 10.4% during the forecast period, with a market size of USD 27.22 million in 2024. Ceiling Panels sales flourished in South Africa due to rapid urbanization, large-scale infrastructure projects.
• The Turkey Ceiling Panels market is projected to witness growth at a CAGR of 8.9% during the forecast period, with a market size of USD 14.82 million in 2024.
• The Nigeria Ceiling Panels market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 18.09 million in 2024.
• The Rest of the MEA Ceiling Panels market is projected to witness growth at a CAGR of 8.4% during the forecast period, with a market size of USD 20.33 million in 2024.

Ceiling Panels Market Analysis

How are Segments Performing in the Global Ceiling Panels Market?

Ceiling Panels Market Material Type Segment Analysis

According to Cognitive Market Research, The dominant segment in the Ceiling Panels Market is mineral fiber ceiling panels. These panels are widely preferred due to their excellent sound absorption, fire resistance, and durability. They are commonly used in commercial and residential spaces due to their cost-effectiveness and versatility. Mineral fiber panels are particularly popular in offices, schools, and hospitals, as they offer both aesthetic appeal and practical benefits, including thermal insulation and moisture resistance.

The fastest-growing segment in the Ceiling Panels Market is metal ceiling panels. These panels are gaining popularity due to their sleek appearance, durability, and sustainability. Metal ceiling panels are increasingly used in modern architecture and interior design because of their high-quality finish, ease of maintenance, and ability to resist wear and tear. Additionally, metal ceiling panels offer greater flexibility in design, making them a preferred choice in commercial, industrial, and high-end residential applications.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Ceiling Panels Industry. Request a Free Sample PDF!

Ceiling Panels Market Application Segment Analysis

According to Cognitive Market Research, The dominant segment in the Ceiling Panels Market based on application is non-residential. Non-residential applications, including commercial, educational, and healthcare facilities, account for the largest share due to the high demand for acoustic control, aesthetics, and durability in such spaces. Ceiling panels in non-residential settings help create comfortable environments with enhanced sound insulation and fire resistance.

The fastest-growing segment in the Ceiling Panels Market, based on application, is industrial applications. This growth is driven by the increasing need for durable and efficient ceiling solutions in manufacturing plants, warehouses, and factories. Industrial ceiling panels are valued for their resistance to harsh environmental conditions, ease of maintenance, and cost-effectiveness.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Ceiling Panels Property Type Outlook: Segment Analysis

Ceiling Panels Market Property Type Segment Analysis

According to Cognitive Market Research, The dominant segment in the Ceiling Panels Market, based on property type, is acoustic ceiling panels. These panels are widely used in both commercial and residential spaces due to their excellent sound absorption properties, which help in reducing noise pollution. Acoustic ceiling panels are ideal for environments such as offices, schools, and healthcare facilities, where noise control and comfort are critical.

The fastest-growing segment in the Ceiling Panels Market, based on property type, is non-acoustic ceiling panels. These panels are gaining popularity due to their aesthetic versatility and durability. Non-acoustic panels are increasingly being used in modern architectural designs for their sleek and clean appearance. They are commonly found in retail spaces, hotels, and luxury residential properties where design and appearance are prioritized.

• Acoustic Ceiling Panels
• Non-Acoustic Ceiling Panels

Author's Detail

David Fuller

Senior Analyst at Cognitive Market Research

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I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.

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