The market of mineral wool ceiling tiles for application in both residential and non-residential sectors reached $ 9.9 billion in 2019.
As the market growth analysis indicated, the global market was expected to grow at 4.6% over the 2020-2025 period. However, quarantine restrictions introduced due to the outbreak of the coronavirus disease (COVID-19) has negatively impacted the market growth, disrupting the smooth functioning of the supply chain.
Mineral wool ceiling tiles are used as interior decoration material. Those of the highest quality are made of stone wool, converting the final product into high performance, incombustible and eco-friendly material. Mineral wool ceiling panels can be produced in a wide range of sizes, both linear and curved, with a designer surface.
In addition to the versatile options having such standard parameters as incombustibility, moisture resistance, light reflection and sound insulating, manufacturers produce lines of mineral wool ceiling tiles with specific properties: hygienic, acoustic (sound-absorbing or noise-insulating), shock-resistant and for industrial application.
Over recent years, the ceiling tile market has been growing steadily with North America being a leader in eco-friendly materials, followed by Europe and the Asia-Pacific in second and third places. The residential sector consumes a quarter and non-residential one three-fourth of the market (offices, trading floors, educational and sports premises, catering and health care facilities).
According to IMARC (a report publisher), the leading players operating in the industry are as follows:
- SAS International Ltd.;
- ROCKWOOL International A/S;
- USG Corporation;
- Knauf Gips KG;
- Odenwald Faserplattenwerk GmbH (OWA).
Mineral wool ceiling tiles are completely recyclable, which is really important due to the growing trend towards “green” materials.