Metal Ceilings Market Expected to Reach $4.3 Billion by 2032

According to a new report published by Allied Market Research, titled, “Metal Ceilings Market," The metal ceilings market size was valued at $2.4 billion in 2020, and is estimated to reach $4.3 billion by 2032, growing at a CAGR of 4.8% from 2023 to 2032. Increasing population and urbanization are the major factors driving demand for commercial, and institutional buildings. This positively influences the market.

Commonly Metal Ceilings are made of steel, aluminum, and galvanized iron. Steel provides exceptional durability and strength, making it ideal for heavy-duty applications. Moreover, aluminum offers lightweight properties and corrosion resistance, suitable for environments prone to moisture or humidity. On the other hand, galvanized Iron provides robust protection against rust and corrosion, ensuring long-term durability in challenging conditions. In 2023, the steel segment accounted for the highest metal ceilings market share in terms of revenue; however, the aluminum segment is anticipated to grow with a higher CAGR during the forecast period.

Furthermore, the report is also analyzed based on its exterior and interior applications of metal ceilings. In 2023, the interior segment contributed to a majority of the revenue generated by the metal ceilings market. Its high market share is attributed to the fact that the metal ceilings are installed to enhance the aesthetics of the interior as well as for functional purposes such as lighting, acoustics control, and others. However, the exterior segment is expected to grow with a higher CAGR during the forecast period.

Based on end users, the market is categorized into commercial, education, transport, retail, healthcare, and others. Among these segments, the commercial segment accounted for a higher metal ceilings market share in terms of revenue in 2023. The commercial segment which office buildings, warehouses and others is expected to witness a rise owing to rise in the number of such buildings. Moreover, the retail segment is expected to grow with a higher CAGR during the forecast period, owing to growing popularity of sustainability among the facilities that cater directly to the people in general, as people these days are more inclined towards purpose driven brands.

The market is mainly driven by the growth in the commercial building sector, recovery in the construction industry, and increase in spending on building remodeling and renovation. However, fluctuation in raw material prices constrains the growth of the market. On the other hand, increasing demand for environmentally sustainable buildings is expected to have a positive impact on the metal ceilings market growth.

In 2022, Asia-Pacific dominated the global metal ceilings market forecast, in terms of revenue, followed by North America and Europe. Moreover, the market in Asia-Pacific is anticipated to grow with the highest CAGR, owing to growth in the construction of commercial buildings in the region.

Furthermore, key players in the metal ceilings market offer a wide range of Metal Ceilings to suit all kinds of needs. For instance, in November 2023, OWA UK introduces the System S 80 demountable metal ceiling raft—a stylish solution for concealing M&E installations while enhancing sound absorption. This customizable product offers versatility in sizes, shapes, and colors, with options for various material finishes. Its low-profile design and hidden hanging system make it ideal for open soffit interiors, providing easy access for maintenance. The System S 80's full metal construction ensures durability, making it suitable for a range of commercial applications.

However, various businesses in the metal ceilings market are expected to witness a slow growth rate in the coming year, owing to the looming recession in major countries driven by the Ukraine-Russia war. The inflation has already led to higher prices of raw materials used in the industrial sector. This can dampen the metal ceilings market opportunity for growth in the coming years.

Key companies profiled in the metal ceilings market report include Armstrong World Industries, Hunter Douglas, SAS International, ROCKWOOL Group (Rockfon), Knauf (USG Corporation), Saint-Gobain (CertainTeed), OWA Ceiling Systems, Gage Corporation International, Decoustics, and Tincpro Metal Industries.

KEY FINDINGS OF THE STUDY

• The report provides an extensive analysis of the current and emerging Metal Ceilings market trends and dynamics. 
• Depending on the metal type, the steel segment dominated the Metal Ceilings market, in terms of revenue in 2022.
• By application, the interior segment accounted for the highest market share in 2022.
• By end user, the retail segment is anticipated to grow with a higher CAGR during the forecast period.
• Asia-Pacific is projected to register the highest growth rate in the coming years.
• The key players within the Metal Ceilings market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the Metal Ceilings industry.
• The report provides an extensive analysis of the current trends and emerging opportunities in the market. 
• In-depth Metal Ceilings market analysis is conducted by constructing estimations for the key segments between 2022 and 2032.