Interior Construction Materials Industry | Forecast 2030
Interior Construction Materials Industry Data Book – Flooring, Insulation, Ceiling Tiles, Windows and Doors Market
The economic value generated by the interior construction materials industry was estimated at approximately USD 578.06 billion in 2022. This economic output is an amalgamation of businesses that are involved in the manufacturing of interior construction materials, distribution & supply, and application of interior construction materials.
Interior Construction Materials Industry Data Book Coverage Snapshot
- Interior Construction Materials Industry USD 578.06 billion in 2022 4.8% CAGR (2023-2030)
- Flooring Market Size USD 266.47 billion in 2022 5.2% CAGR (2023-2030)
- Insulation Market Size USD 61.36 billion in 2022 6.6% CAGR (2023-2030)
- Ceiling Tiles Market Size USD 6.82 billion in 2022 9.4% CAGR (2023-2030)
- Windows and Doors Market Size USD 243.40 billion in 2022 3.8% CAGR (2023-2030)
Access the Global Interior Construction Materials Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies
Ceiling Tiles Market Growth & Trends
The global ceiling tiles market size is expected to reach USD 14.01 billion by 2030, according to a new report by Grand View Research, Inc., registering a CAGR of 9.3% over the forecast period. This growth can be attributed to the rising commercial construction activities like the construction of new hospitals, office spaces, hotels, and malls. Ceiling tiles are majorly used for aesthetics and to provide acoustic and thermal insulation to buildings. The raw materials utilized for making ceiling tiles like mineral wool, metal, cork, and gypsum have great noise-absorbing capability, less weight, and are much more eco-friendly as compared to conventional materials used for construction.
Flooring Market Growth and Trends
The flooring market is growing at a significant rate owing to a rise in infrastructural and residential development as a result of the growing population across the globe. In addition, rising disposable incomes have increased investment in comfortable residential buildings, resulting in the use of high-end building materials in construction. These factors are expected to increase the demand for flooring over the coming years.
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Insulation Market Growth and Trends
Rising consumer awareness about energy conservation is likely to remain a crucial driving factor for the global insulation market. Favorable regulations in the majority of regions are also expected to have a positive impact on market growth. Additionally, increased infrastructure spending in the emerging markets of Asia Pacific and Latin America is expected to propel the insulation market’s growth.
Windows and Doors Market Growth and Trends
The windows and doors market is expected to grow at a faster pace over the coming years. This is due to the rising construction and renovation activities across the globe. In addition, growing disposable incomes, a rising population, increasing remodeling activities, and government initiatives for the construction of affordable housing solutions are expected to fuel the growth of the windows and doors market in the coming years.
The global interior construction materials market is highly competitive, as the market has a significant presence of national and multinational companies with prominent brand values. Companies in the global interior construction materials market offer extensive product portfolios to meet the current and future demands of customers in different application industries.
The major market players are involved in opting for strategies such as high investments in research and development, mergers and acquisitions, collaborations, partnerships, new product developments, and expansions of production capacities and product portfolios to gain a competitive advantage.