Ceilings

  • ID: 4533024
  • Report
  • 253 Pages
  • The Freedonia Group
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Ceilings

US demand to rise 7.2% annually through 2018

Demand for ceiling products in the US is forecast to advance 7.2 percent per annum through 2018 to $2.5 billion. A rebound in nonresidential building construction will drive gains as the ceiling market continues its recovery from declines following the 2007-2009 economic recession. In addition to new nonresidential building construction, a recovery in improvement and repair activity and growing interest in ceiling products that offer improved performance and aesthetics will boost value demand through the forecast period.

Ceiling tiles to offer good growth opportunities

Among product types, ceiling tiles accounted for 57 percent of sales in 2013. Through 2018, ceiling tile demand is expected to see strong growth, supported by an improving building construction market. Furthermore, efforts by manufacturers to improve the variety of aesthetics available in ceiling tiles, including colors, perforation designs, and an increased variety of materials such as wood and metal will boost value demand for ceiling tiles through the forecast period. In addition, many architects and designers have moved toward open plenum ceilings and open floor plan spaces in office and institutional buildings, where sound control is important for productivity. While building features such as open plenum ceilings reduce ceiling tile area demand, these designs boost tile value demand as more costly ceiling tiles with improved noise reduction properties are often selected.

Specialty ceilings to be fastest growing segment

Specialty ceiling products are forecast to see the most rapid growth in demand through 2018, reaching $540 million on 11 percent annual advances. The frequency of use of many specialty ceiling products, including clouds, baffles, and stretch ceilings, has grown since the early 2000s and is expected to continue to do so through the forecast period. For example, design trends that call for specialty material ceiling tiles will support rising demand through 2018 for specialty trims to conceal metal ceiling grids, which improve the aesthetics of the ceiling. Additionally, trends toward spaces that are more open to the architectural ceiling will increase the installation of products such as clouds or baffles where wall-to-wall ceilings may have previously been installed. Increasingly stringent and widespread regulations on seismic design will also continue to boost demand as more builders will install additional bracing products for suspended ceiling systems.

Nonresidential market dominates ceiling demand

The nonresidential market dominated US ceiling demand in 2013 and is projected to hold 93 percent of the total market in 2018. Ceiling products are used most intensively in nonresidential buildings, where they are preferable to drywall ceilings as they offer sound control properties while still allowing easy access to ducts and wiring. Wall-to-wall suspended ceilings offer additional advantages of enhancing the energy performance of buildings by diffusing natural light and allowing for more efficient HVAC performance. Furthermore, in many spaces, including commercial buildings and transportation hubs, ceiling products offer an opportunity to add visual interest and improved aesthetics. In the residential market, ceiling products are not heavily used, but are found most often in common spaces in multifamily buildings, finished basements, and higher end homes.

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INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
General
Macroeconomic Overview
Demographic Trends
Consumer Trends
Consumer Spending
Consumer Financing
Building Construction
Nonresidential Buildings
New
Nonresidential Building Stock
Nonresidential Building Floor Space
Improvements & Repairs
Residential Buildings
Housing Completions
Housing Stock
Improvements & Repairs
Historical Market Trends
Pricing
Regulatory & Environmental Considerations
Regulatory Considerations
Energy Efficiency Considerations
Indoor Air Quality
Recycling
Sound Control
III. OVERVIEW
General
Area Demand
Competitive Ceiling Coverings Outlook
World Ceiling Outlook
Foreign Trade
IV. PRODUCTS
General
Ceiling Tile
Demand by Material
Wet Felt
Fiberglass
Metal
Other Materials
Demand by Market
Suspension Systems
Demand by Material
Demand by Market
Specialty & Other Ceiling Products
Demand by Type
Baffles
Clouds
Stretch Ceilings
Wire & Attachments
Trim & Other
Demand by Market
V. MARKETS
General
Nonresidential
New
Improvements & Repairs
Demand by Building Type
Institutional
Office
Commercial & Lodging
Other Nonresidential
Residential
New
Improvements & Repairs
VI. REGIONS
General
Regional Demographic & Economic Activity
Economic Outlook
Population Patterns
Construction Activity
Housing Trends
Regional Ceiling Demand
Northeast
New England
Middle Atlantic
Midwest
East North Central
West North Central
South
South Atlantic
East South Central
West South Central
West
Mountain
Pacific
VII. INDUSTRY STRUCTURE
General
Industry Composition
Market Share
Vertical & Horizontal Integration
Product Development & Manufacturing
Marketing & Distribution
Cooperative Agreements
Company Profiles
Acoustic Ceiling Products LLC
Acoustic Solutions Limited
All Noise Control LLC
Armstrong World Industries Incorporated
Barrisol Normalu SAS
Ceilings Plus Incorporated
Ceilume Smart Ceiling Tiles, see Empire West
CertainTeed, see Saint-Gobain
Chicago Metallic, see ROCKWOOL International A/S
CLIPSO Productions SAS
Empire West Incorporated
Gordon Incorporated
Halstead International Incorporated
Hunter Douglas NV
Laqfoil Limited
Lindner Group KG
Newmat USA Limited
9Wood Incorporated
Norton Industries Incorporated
pinta elements GmbH
ROCKWOOL International A/S
Rulon Company
Saint-Gobain
Shanker Industries Incorporated
Sky Factory LC
Sound Concepts Incorporated
Sound Seal Incorporated
Steel Ceilings Incorporated
Synergistic Solutions LLC
Tectum Incorporated
USG Corporation
WAVE, see Armstrong World Industries
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
Summary Table
SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Indicators
2 Population & Households
3 Personal Consumption Expenditures
4 Consumer Financing Environment, 2003-2013
5 Building Construction Expenditures
6 Nonresidential Building Construction Expenditures
7 Nonresidential Building Stock
8 Nonresidential Building Floor Space
9 Nonresidential Building Improvement & Repair Expenditures
10 Residential Building Construction Expenditures
11 New Housing Indicators
12 Housing Stock by Type
13 Residential Improvement & Repair Expenditures
14 Ceiling Market, 2003-2013
15 Ceiling Pricing
SECTION III -- OVERVIEW
1 Ceiling Demand by Area
SECTION IV -- PRODUCTS
1 Ceiling Demand by Product
2 Ceiling Tile Demand by Material
3 Wet Felt Ceiling Tile Demand
4 Fiberglass Ceiling Tile Demand
5 Metal Ceiling Tile Demand
6 Other Material Ceiling Tile Demand
7 Ceiling Tile Demand by Market
8 Suspension System Demand by Material
9 Suspension System Demand by Market
10 Specialty & Other Ceiling Product Demand by Type
11 Specialty & Other Ceiling Product Demand by Market
SECTION V -- MARKETS
1 Ceiling Demand by Market
2 Nonresidential Building Ceiling Demand by Product
3 New Nonresidential Building Ceiling Demand by Product
4 Nonresidential Building Improvement & Repair Ceiling Demand by Product
5 Nonresidential Building Ceiling Demand by Building Type
6 Institutional Ceiling Demand by Product & Application
7 Office Ceiling Demand by Product & Application
8 Commercial & Lodging Ceiling Demandby Product & Application
9 Other Nonresidential Ceiling Demand by Product & Application
10 Residential Ceiling Demand by Product
11 New Residential Ceiling Demand by Product
12 Residential Improvement & Repair Ceiling Demand by Product
SECTION VI -- REGIONS
1 Gross Domestic Product by Region
2 Population by Region
3 Construction Expenditures by Region
4 Regional Housing Indicators
5 Ceiling Demand by Region
6 Northeast Ceiling Demand
7 Midwest Ceiling Demand
8 South Ceiling Demand
9 West Ceiling Demand
SECTION VII -- INDUSTRY STRUCTURE
1 US Ceiling Product Sales for Selected Manufacturers, 2013
2 Selected Cooperative Agreements
LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
1 Year of Construction of Housing Stock, 2013
2 Ceiling Market, 2004-2013
3 Ceiling Pricing, 2003-2013
SECTION IV -- PRODUCTS
1 Ceiling Demand by Product, 2013
2 Ceiling Tile demand by Material
SECTION V -- MARKETS
1 Ceiling Demand by Market, 2013
SECTION VI -- REGIONS
1 Ceiling Demand by Region, 2013
SECTION VII -- INDUSTRY STRUCTURE
1 US Ceiling Market Share, 2013
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