Infinium Global Research Global Ceiling Tiles Market - IGR 2022 | Page 3

terminals, etc. On the basis of application global ceiling tiles market can be
segmented as commercial, healthcare, industrial, educational and other
sectors applications such as residential, malls, etc.
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Global ceiling tiles market is majorly driven due to its environmental and
financial advantages. End-of-life or waste ceiling tiles are returned back to the
manufacturers for recycling which gives financial advantage thereby adding
real value to the supply chain. Additionally, it saves waste ceiling tiles landfill
cost and another taxes giving another financial advantage. Other driving
factor for increase in demand of ceiling tiles is due to expanding construction
business such as infrastructure development in emerging regions of Asia-
Pacific. On the other hand, increase in energy prices such as crude oil which is
used in manufacturing ceiling tiles may serve as a restraint for the market
growth. However, use of ceiling tiles in the green building projects is expected
to serve new opportunities to the global ceiling tiles market over the forecast
period.
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