Metal Ceilings Market Huge Demand, High Growth Rate to Reach $4.3 bn by 2032, At a CAGR of 4.8%

Metal Ceilings Market Size, Share, Competitive Landscape and Trend Analysis Report by Material, By Application, By End User Forecast, 2023-2032

WILMINGTON, DELAWARE, UNITED STATES, May 29, 2024 /EINPresswire.com/ — Market Overview:

Commonly Metal Ceilings are made of steel, aluminum, and galvanized iron. Steel provides exceptional durability and strength, making it ideal for heavy-duty applications. Moreover, aluminum offers lightweight properties and corrosion resistance, suitable for environments prone to moisture or humidity. On the other hand, galvanized Iron provides robust protection against rust and corrosion, ensuring long-term durability in challenging conditions. In 2023, the steel segment accounted for the highest metal ceilings market share in terms of revenue; however, the aluminum segment is anticipated to grow with a higher CAGR during the forecast period.

The metal ceilings market size was valued at $2.4 billion in 2020, and is estimated to reach $4.3 billion by 2032, growing at a CAGR of 4.8% from 2023 to 2032. Increasing population and urbanization are the major factors driving demand for commercial, and institutional buildings. This positively influences the market.

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Driving Factors:

The market is mainly driven by the growth in the commercial building sector, recovery in the construction industry, and increase in spending on building remodeling and renovation. However, fluctuation in raw material prices constrains the growth of the market. On the other hand, increasing demand for environmentally sustainable buildings is expected to have a positive impact on the metal ceilings market growth.

In 2022, Asia-Pacific dominated the global metal ceilings market forecast, in terms of revenue, followed by North America and Europe. Moreover, the market in Asia-Pacific is anticipated to grow with the highest CAGR, owing to growth in the construction of commercial buildings in the region.

Furthermore, key players in the metal ceilings market offer a wide range of Metal Ceilings to suit all kinds of needs. For instance, in November 2023, OWA UK introduces the System S 80 demountable metal ceiling raft—a stylish solution for concealing M&E installations while enhancing sound absorption. This customizable product offers versatility in sizes, shapes, and colors, with options for various material finishes. Its low-profile design and hidden hanging system make it ideal for open soffit interiors, providing easy access for maintenance. The System S 80’s full metal construction ensures durability, making it suitable for a range of commercial applications.

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Key Segments Based On:
By Material –
Steel
Aluminum
Others

By Application –
Interior
Exterior

By End User –
Commercial
Education
Transport
Retail
Healthcare
Others

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Top Players:
Gage Corporation International, Decoustics, Saint-Gobain, Hunter Douglas AG, SAS International, Armstrong World Industries, Inc., Knauf, Rockwool group, Tincpro Metal Industries, OWA Ceiling Systems

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