Stretched Ceiling Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

Description

Stretched Ceiling Market size was valued at USD 648.2 billion in 2021 and is expected to grow at a CAGR of 6.9% from 2022-2028. A stretch ceiling is also known as a suspended ceiling system. It contains two parts: a lightweight fabric membrane and a perimeter track. The fabric can stretch and clip into the channel to surround light diffusers, walls, and floating panels. Stretch ceilings utilize patented background support to include all kinds of grilles, light fittings, and fixing points. The growing demand for PVC panels to smooth industry progress can lead to the stretched ceiling market growth. Moreover, the rising acceptance of infrastructural development is the primary factor that can boost the global stretched ceiling market growth. However, some factors, such as high costs, can restrain the growth of the market. While ceiling tiles are an essential feature of interior design, many medium to small residential institutions and complexes cannot afford them. Ceiling tile installations, such as surface mounted, drop/suspended, and others, are laborious, costly, and require constant care. The increasing demand for interior decoration can create an opportunity for the growth of the global stretched ceiling market share. The rising importance of external and interior design in industrial, commercial greenhouse, and other industries is boosting the supply-demand curve for ceiling tiles worldwide. Ceiling tile manufacturers are blooming as the construction, and building sector remains to rise at an exponential rate. While laminated ceiling tile benefactors have seen a hurdle in demand, sales are anticipated to endure in the coming years as demand from the commercial, residential, hospitality, and other channels grow.

Key Developments:

In March 2020, The ROCKWOOL Group’s Rockfon North America launched a new Standard Wood Ceiling Program.