India Ceiling Tiles Market Size Grows at Steady CAGR of 5.62% to Touch USD 334.5 Million by 2029

Published | 06 November 2023

India ceiling tiles market is flourishing because of the thriving construction industry driven by a high demand for commercial and residential units in the rapidly expanding urban areas across the world’s most populous country.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India ceiling tiles market size at USD 240.93 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the India ceiling tiles market size to grow at a significant CAGR of 5.62% reaching a value of USD 334.49 million by 2029. Major growth drivers for the India ceiling tiles market include the growing construction sector and the increasing prevalence of modern infrastructure projects. Another driving force is the rising pace of urbanization and consumer preferences for aesthetically pleasing and ornamental ceiling structures are stimulating demand for these products. Notably, the growing adoption of ceiling tiles in commercial settings such as theaters, shopping centers, corporate offices, and similar establishments, for the purpose of enhancing both aesthetics and sound quality, is further propelling market expansion. Also, heightened government investments in the renovation and construction of educational institutions, healthcare facilities, transportation hubs, governmental offices, and related infrastructure are acting as additional drivers for the ceiling tiles market. However, price sensitivity and competition from alternatives are anticipated to restrain the overall market growth during the forecast period.

India Ceiling Tiles Market – Overview

Ceiling tiles, also known as panels, are lightweight construction materials employed in ceilings to enhance interior aesthetics. These tiles, typically crafted from materials like gypsum, metals, mineral fiber, PVC, and wood, offer various advantages over traditional cement-based ceilings. These benefits encompass superior thermal and acoustic insulation, enhanced recyclability, ease of installation, cost-effective maintenance, improved aesthetics, and more. Consequently, ceiling tiles find extensive use in diverse construction sectors in India, including residential, retail, hospitality, healthcare, and corporate, due to their capacity to elevate interior design and functionality.

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Impact of COVID-19 on India Ceiling Tiles Market

COVID-19 pandemic adversely affected the India ceiling tiles market. Lockdowns, disrupted supply chains, and economic uncertainties led to project delays and a temporary reduction in construction activities. A slowdown in commercial and residential construction, coupled with financial constraints, affected the demand for ceiling tiles. However, as lockdowns eased, the market showed signs of recovery, with increased emphasis on using ceiling tiles for hygiene and safety in public spaces. The need for improved indoor air quality and acoustic solutions also contributed to the market's resilience. The pandemic accelerated the adoption of innovative ceiling solutions, which, over time, positively impacted market growth.

India Ceiling Tiles Market – By Application

On the basis of application, the India ceiling tiles market is bifurcated into Residential Applications and Non-Residential Applications segments. The non-residential applications segment holds a higher share in the India ceiling tiles market by application. In these settings, ceiling tiles are extensively used to enhance interior aesthetics and functionality. They provide acoustic insulation, fire resistance, and improved air quality, making them indispensable for creating comfortable and safe environments. The growing number of commercial spaces, corporate offices, healthcare facilities, and hospitality establishments in India has led to increased demand for ceiling tiles in non-residential applications. As these sectors continue to expand, the prevalence of ceiling tiles remains high, driving their substantial market share. Also, the non-residential applications include private sector and public sector.

Competitive Landscape

Major players operating in the India ceiling tiles market include Aerolite Industries Pvt Ltd, Everest Industries Limited, Hunter Douglas India Pvt Ltd (Hunter Douglas N.V.), India Gypsum Pvt Ltd, Ramco Industries Limited, Saint-Gobain Gyproc India Ltd (Compagnie de Saint-Gobain S.A.), Techno Ceiling Products, USG Boral Building Products India Pvt Ltd, VANS Gypsum Pvt Ltd, and Visaka Industries Limited. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Don’t miss the business opportunity in the India Ceiling Tiles Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the India Ceiling Tiles Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the India Ceiling Tiles Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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