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The future of the global mineral fiber ceiling market looks promising with opportunities in commercial and residential sectors. The global mineral fiber ceiling market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $77.6 billion by 2025 with a CAGR of 3% to 5% from 2020 to 2025. The major drivers for this market are renovation activities of existing residential, commercial spaces, and construction of new facilities due to improving economic conditions.
Emerging trends which have a direct impact on the dynamics of the mineral fiber ceiling tiles industry include increasing usage of printed mineral fiber ceiling tiles and increasing usage of antimicrobial agents in mineral fiber ceiling tiles.
A total of 154 figures / charts and 125 tables are provided in this 243 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this mineral fiber ceiling tiles market report download the report brochure.
In this market, office is the largest market by application, whereas wet felt mineral fiber is the largest material type. Growth in various segments of the mineral fiber ceiling market are given below:
Mineral Fiber Ceiling Market by Segments