Market Overview:
The global floating ceiling panels market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for these panels in shopping centers, hotels, and other applications. In terms of type, the concave floating ceiling panel segment is expected to hold a larger share of the market during the forecast period. This can be attributed to its ability to create an illusion of height and space in small areas. In terms of region, North America is expected to lead the global floating ceiling panels market during the forecast period owing to high demand from commercial sectors such as shopping centers and hotels.
Product Definition:
A floating ceiling panel is a type of ceiling that does not require any attachment to the structure above it. This type of ceiling is often used in office buildings and other commercial spaces where soundproofing is desired. The panels are typically made from fiberglass or mineral wool, which helps to absorb noise and prevent it from echoing.
Concave Floating Ceiling:
Concave floating ceiling, also known as domed or depression-based ceiling, is a type of suspended ceiling with a depressed central area. The panels are made up of various materials such as glass wool, fiberglass insulation, and phenolic resin foam. This type of panel is used to cover large rooms in order to create an air space within the room and provide soundproofing characteristics along with lighting benefits.
Convex Floating Ceiling:
Convex floating ceiling is a type of panel system that is made up of several flat panels, which are joined together at an angle to form a larger curved surface. The convex shape helps in increasing the insulation value and also aids in soundproofing. These panels are installed on top of the existing roof structure with help from professionals; therefore, it requires skilled labor for installation.
Application Insights:
The shopping center application segment accounted for the largest revenue share of over 40% in 2017. The demand for floating ceiling panels in shopping centers is expected to witness growth owing to their benefits such as cost-effectiveness, ease of installation and maintenance, sound absorption, heat and glare reduction on account of which many commercial complexes are adopting these products.
Hotel application is projected to be the fastest-growing segment with a CAGR exceeding 8% from 2018 to 2030. Rising tourism industry across various regions coupled with increasing number of hotels has boosted the product demand in hotel construction thereby driving market growth. Moreover, technological advancements such as LED lighting that consume less energy and offer better illumination are likely to drive the product demand further over the forecast period thus contributing toward overall market development.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing construction activities in countries, such as China and India. In addition, growing tourism sector in these countries will drive the demand for hotel facilities which will propel the demand for floating ceiling panels over the forecast period.
Europe accounted for more than 25% of global market share in 2017 on account of high product adoption across major industries including retail, hospitality and healthcare sectors due to its benefits such as ease of installation process and reduction in maintenance cost associated with it. Moreover, presence of prominent players manufacturing floating ceiling systems is also one among the factors contributing toward higher sales volume within Europe region.
Growth Factors:
- Increasing demand for energy-efficient and eco-friendly construction materials
- Rising disposable income of the middle-class population in developing countries
- Proliferation of retail stores and shopping malls across the globe
- Growing popularity of suspended ceilings as a design element in modern architecture
- Technological advancements that have led to the development of more efficient and lightweight floating ceiling panels
Scope Of The Report
Report Attributes
Report Details
Report Title
Floating Ceiling Panels Market Research Report
By Type
Concave Floating Ceiling, Convex Floating Ceiling
By Application
Shopping Center, Hotel, Others
By Companies
O'Neill Engineered Systems, Vogl Deckensysteme, SOFIMARSEL, Elevator Cab Renovations, Jiangsu Sanxian Architectural Acoustics System, Guangzhou Zhilv Aluminum, Fural, O'Neill Engineered Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Floating Ceiling Panels Market Report Segments:
The global Floating Ceiling Panels market is segmented on the basis of:
Types
Concave Floating Ceiling, Convex Floating Ceiling
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Shopping Center, Hotel, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- O'Neill Engineered Systems
- Vogl Deckensysteme
- SOFIMARSEL
- Elevator Cab Renovations
- Jiangsu Sanxian Architectural Acoustics System
- Guangzhou Zhilv Aluminum
- Fural
- O'Neill Engineered Systems
Highlights of The Floating Ceiling Panels Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Concave Floating Ceiling
- Convex Floating Ceiling
- By Application:
- Shopping Center
- Hotel
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Floating Ceiling Panels Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Floating ceiling panels are a type of acoustic ceiling panel that is suspended by cables from the roof. This allows the panels to move and breathe, which helps reduce noise and humidity levels in the room.
Some of the major companies in the floating ceiling panels market are O'Neill Engineered Systems, Vogl Deckensysteme, SOFIMARSEL, Elevator Cab Renovations, Jiangsu Sanxian Architectural Acoustics System, Guangzhou Zhilv Aluminum, Fural, O'Neill Engineered Systems.
The floating ceiling panels market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Floating Ceiling Panels Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Floating Ceiling Panels Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Floating Ceiling Panels Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Floating Ceiling Panels Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Floating Ceiling Panels Market Size & Forecast, 2018-2028
4.5.1 Floating Ceiling Panels Market Size and Y-o-Y Growth
4.5.2 Floating Ceiling Panels Market Absolute $ Opportunity
Chapter 5 Global Floating Ceiling Panels Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Floating Ceiling Panels Market Size Forecast by Type
5.2.1 Concave Floating Ceiling
5.2.2 Convex Floating Ceiling
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Floating Ceiling Panels Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Floating Ceiling Panels Market Size Forecast by Applications
6.2.1 Shopping Center
6.2.2 Hotel
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Floating Ceiling Panels Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Floating Ceiling Panels Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Floating Ceiling Panels Analysis and Forecast
9.1 Introduction
9.2 North America Floating Ceiling Panels Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Floating Ceiling Panels Market Size Forecast by Type
9.6.1 Concave Floating Ceiling
9.6.2 Convex Floating Ceiling
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Floating Ceiling Panels Market Size Forecast by Applications
9.10.1 Shopping Center
9.10.2 Hotel
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Floating Ceiling Panels Analysis and Forecast
10.1 Introduction
10.2 Europe Floating Ceiling Panels Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Floating Ceiling Panels Market Size Forecast by Type
10.6.1 Concave Floating Ceiling
10.6.2 Convex Floating Ceiling
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Floating Ceiling Panels Market Size Forecast by Applications
10.10.1 Shopping Center
10.10.2 Hotel
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Floating Ceiling Panels Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Floating Ceiling Panels Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Floating Ceiling Panels Market Size Forecast by Type
11.6.1 Concave Floating Ceiling
11.6.2 Convex Floating Ceiling
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Floating Ceiling Panels Market Size Forecast by Applications
11.10.1 Shopping Center
11.10.2 Hotel
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Floating Ceiling Panels Analysis and Forecast
12.1 Introduction
12.2 Latin America Floating Ceiling Panels Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Floating Ceiling Panels Market Size Forecast by Type
12.6.1 Concave Floating Ceiling
12.6.2 Convex Floating Ceiling
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Floating Ceiling Panels Market Size Forecast by Applications
12.10.1 Shopping Center
12.10.2 Hotel
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Floating Ceiling Panels Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Floating Ceiling Panels Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Floating Ceiling Panels Market Size Forecast by Type
13.6.1 Concave Floating Ceiling
13.6.2 Convex Floating Ceiling
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Floating Ceiling Panels Market Size Forecast by Applications
13.10.1 Shopping Center
13.10.2 Hotel
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Floating Ceiling Panels Market: Competitive Dashboard
14.2 Global Floating Ceiling Panels Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 O'Neill Engineered Systems
14.3.2 Vogl Deckensysteme
14.3.3 SOFIMARSEL
14.3.4 Elevator Cab Renovations
14.3.5 Jiangsu Sanxian Architectural Acoustics System
14.3.6 Guangzhou Zhilv Aluminum
14.3.7 Fural
14.3.8 O'Neill Engineered Systems
