Metal ceilings market is projected to be worth USD 5891 million by 2030, registering a CAGR of 4.5% during the forecast period (2022 - 2030), The market was valued at USD 4143 million in 2021.
The Metal Ceilings Market Growth is been getting drastic changes is because of the growth of the residential and commercial buildings in recent days. The features of the metal ceilings are adding the advantage of the growth Market in recent days, this is because the materials like the gypsum and drywall panels may not provide long term durability, they can also get easily damaged. So there is an increase in the usage of the metal ceiling in the construction sectors for their long term durability and also because of the low-cost efficiency.
The spread of COVID -19 across the world has created a great crisis in the growth of the construction sectors, due to the increase in the spread of the positive cases many governments had implemented the lockdown. So people are advised to stay at home and work so that they control the spread of the pandemic. Also due to the halt of the construction sector, many present projects were stopped due to the lack of raw materials and lack of labour. There was the unavailability of transport which caused the growth of the Metal Ceilings Market in the greater range.
Also after the spread of the pandemic got reduced the growth of the Market is getting back to its growth and it is believed that the growth value will be reached greater heights.
The main driving force which creates the growth of the Metal Ceilings Market Value is the features of the metal ceilings. When compared to the gypsum and drywall panel, the durability of the metal ceilings is higher. Also, the usage of metal ceilings is getting popular because of their low-cost maintenance and also it can be used in a variety of shapes and sizes. This is even used in both the exterior and the interior designs.
Also, the Important driving force which is boosting the growth is the increase in the population which in turn brought the growth in the construction sectors. Both the residential and the non-residential buildings are getting the growth in recent days. These metal ceilings are used in both non-residential and residential buildings.
The important growth opportunity of the Metal Ceilings Market Value is the usage of the metal ceiling even in the buildings like schools, colleges, hospitals etc. secondly the growth of the Market Share is also because of the need for the materials for the construction works after the pandemic.
In addition to this, the Metal Ceilings Market Size gets boosted by manufacturing eco-friendly products from the manufacturing companies. As people are interested in using eco-friendly products and building green buildings in recent days to safeguard the environment from pollution. So the manufacturing companies are in an idea to recycle the potential metals and manufacture the metal ceiling.
The low awareness among the people in the usage of the metal ceiling industries is one of the major draws back. Also, people are preferring the usage of recycling and eco-friendly products to build green buildings so it takes many processes. These processes are done with high-cost efficiency which is also one of the hindrances which decrease the Metal Ceilings Market Growth.
The spread of the pandemic also caused an impact on the manufacturing companies, so they are not getting the proper supply of the products at the appropriate cost. the fluctuation of the cost of raw materials is also one of the hindrances which impact negatively the growth of the Market.
The challenge faced in the Metal Ceilings Market is the transport of the products on time during the pandemic period, because of lack of transport. As the construction sectors are getting gradual growth in recent days, so the demand has increased for metal ceilings, but due to the lack of financial support, the key players are working hard to compensate for the demand.
Cumulative growth analysis
The overall growth of the Metal Ceilings Market Analysis is been great because the usage of metal ceilings in many buildings in recent days has increased the market value. As the increase in industrialisation and population is also boosting the growth of the Market.
Value chain analysis
Though there is a gradual growth in the Metal Ceilings Market Outlook, the spread of the pandemic has impacted the growth of the Market negatively. Also, the manufacture of metal ceilings with eco-friendly products impacts the growth because it is done with higher cost-efficiency.
Metal Ceilings Market-By Segment
Market segment overview
North America – US, Canada
Latin America – Mexico, Brazil, Peru, Chile and Others
Western Europe – Germany, UK, France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg
Eastern Europe – Poland, Russia
Asia Pacific – India, Japan, China, ASEAN, Australia, New Zealand
The Middle East and Africa – GCC, Southern Africa, North Africa
The main key players are working with great urge due to the demand created among the constructional sectors. Also, these construction sectors are been halted due to the spread of the pandemic spread. Which in turn caused the loss in the growth of the key players in the Metal Ceilings Market. As the key players are facing many issues during the pandemic spread this is because of the lack of transport and raw materials. Due to the great loss, many small and medium-sized key players need the merging or collaboration with other companies to gain their place in the market. Other important key players are also getting gradual growth after the pandemic spread because of the support of the investors to help the main key players.
Due to the increase in the need for the Metal Ceilings Market product many regions are expected to get the growth. they are North America, Asia Pacific, Europe and the Middle East and Africa.
North America is holding the largest share, because of the increase in the construction sectors. And the rapid growth of industrialisation in many countries like the US, Canada and Mexico are the main reason for holding the dominant share in the Market.
The Asia Pacific region is holding the second position in the Metal Ceilings Market. And it is also believed that the Asia Pacific region will be getting the highest growth in the forecasting period. This growth in the Asia Pacific region is because of the economic growth in many countries like China, India, Singapore etc. also the gradual development in technological development and infrastructure growth is also boosting the growth of the Metal Ceilings Market.
These are some of the key players who are concentrating on the growth of the Metal Ceilings Market in the forecasting period.
|Market Size||2030: USD 5891 million|
|CAGR||4.5% CAGR (2022 to 2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Technology, by Application, by Material|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||AWI Licensing LLC (U.S.), Architectural Surfaces, Inc. (U.S.) , Grenzebach BSH (Germany) ,Gordon Incorporated (U.S.), USG Corporation (U.S.), Rockfon (U.S.), Hunter Douglas (Netherlands), Techno Ceiling (India), and Norton Industries Inc. (U.S.)|
|Key Market Opportunities||
|Key Market Drivers||Growth in the automotive and construction industry|
Global metal ceilings market projected to grow at approximately 4.5% during the assessment period (2022-2030).
The steel segment holds the majority shares in the global metal ceilings market.
Increase in the infrastructural development activities and growth in industrial & commercial construction sectors are the major tailwinds pushing the growth of the global metal ceilings market.
Asia Pacific holds the largest share in the global metal ceilings market, followed by North America and Europe, respectively.
Architectural Surfaces, Inc. (U.S.), AWI Licensing LLC (U.S.), Grenzebach BSH (Germany), USG Corporation (U.S.), Gordon Incorporated (U.S.), Rockfon (U.S.), Techno Ceiling (India), Hunter Douglas (Netherlands), and Norton Industries Inc. (U.S.), are some of the top players operating in the global metal ceilings market.