What is the global market size of Wooden False Ceiling Market?

Global Wooden False Ceiling Market size was valued at USD 6.23 billion in 2021 and is poised to grow from USD 6.82 billion in 2022 to USD 14.01 billion by 2030, growing at a CAGR of 9.3% in the forecast period (2023-2030).

Wooden False Ceiling Market Size, Share, Growth Analysis, By Wood Type(Hollow Blocks, Boards, Panels), By Application(Residential, Non-Residential (Commercial, Hospitality, Industrial), By Installation(Surface Mount, Drop/Suspended), By Form(Natural Pattern, Textures, Others), By Region - Industry Forecast 2024-2031

Q: Which region accounted for the largest share in Global Wooden False Ceiling Market?

In the Global Wooden False Ceiling Market, Asia-Pacific led the market, accounting for more than XX% of global revenue in 2021. China is a major contributor to the growth of the Asia-Pacific market. To improve the aesthetic appearance of buildings, the building and construction industry in the region is increasingly using more colors, different perforation designs, and a variety of materials such as wooden materials. Furthermore, many architects and designers are emphasizing the use of open ventilation ceilings and open floor plan design features in office and institutional buildings where acoustic comfort or transmission is critical. These designs are expected to increase the demand for wooden false ceilings by improving the aesthetic appeal and sound-absorbing properties.

Report ID: SQSG15F2016 | Region: Global | Published Date: February, 2024
Pages: 228 | Tables: 118 | Figures: 77

Wooden False Ceiling Market Competitive Landscape

Wooden False Ceiling Market Top Player's Company Profiles

Armstrong
Saint-Gobain S.A.
Hunter Douglas N.V.
OWA Ceiling Systems GmbH
USG Corporation
Knauf Dubai LLC
CertainTeed Corporation
SAS International
Rockfon
Shandong Huamei Building Materials Co., Ltd.
Guangzhou Tital Commerce Co., Ltd.
National Wood Products, Inc.
Newmat Stretch Ceiling Systems
Ceilings Plus
GRG Ceiling System
Knauf AMF GmbH & Co. KG
USG Boral Building Products (India) Pvt. Ltd.
Shanghai Foxygen Industrial Co., Ltd.
Chengdu Geelian Safety Co., Ltd.
Shandong Hengyu Technology Group Co., Ltd.

Wooden False Ceiling Market Recent Development

In April 2022, Weyerhaeuser officially confirmed a US$ 265 million contract with a Campbell Global-managed fund to acquire 80,800 acres of high-quality timberlands in North and South Carolina. The acquisition is expected to result in harvest tonnes per acre and portfolio-leading cash flow within the company's Southern Timberlands segment.
In January 2022, Kronospan and the Luxembourg Institute of Science and Technology signed a five-year partnering framework agreement (LIST). This Partnership Framework Agreement prioritizes sustainability and the environment, as well as Activities related to the fabrication of wood-based panels for a Ph.D. collaborative training program.

Wooden False Ceiling Market Report Snapshots

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Wooden False Ceiling Market size was valued at USD 6.23 billion in 2019 and is poised to grow from USD 6.82 billion in 2023 to USD 14.01 billion by 2031, growing at a CAGR of 9.3% in the forecast period (2024-2031).

Due to the presence of numerous manufacturers, the market is highly competitive. The majority of the players are based in Europe and North America. Companies compete based on manufacturing volume and product quality. Increasing market competition and steadily rising wood prices are likely to have an impact on profit margins. The key players are focusing on value chain integration through joint ventures as well as mergers and acquisitions. For instance, CanWel Construction Materials Group Ltd. acquired Lignum Forest Products LLP, a distributor of lumber and forest products in the United States and Western Canada, to strengthen its North American distribution network. 'Armstrong', 'Saint-Gobain S.A.', 'Hunter Douglas N.V.', 'OWA Ceiling Systems GmbH', 'USG Corporation', 'Knauf Dubai LLC', 'CertainTeed Corporation', 'SAS International', 'Rockfon', 'Shandong Huamei Building Materials Co., Ltd.', 'Guangzhou Tital Commerce Co., Ltd.', 'National Wood Products, Inc.', 'Newmat Stretch Ceiling Systems', 'Ceilings Plus', 'GRG Ceiling System', 'Knauf AMF GmbH & Co. KG', 'USG Boral Building Products (India) Pvt. Ltd.', 'Shanghai Foxygen Industrial Co., Ltd.', 'Chengdu Geelian Safety Co., Ltd.', 'Shandong Hengyu Technology Group Co., Ltd.'

Wood is one of the most environmentally friendly raw materials in the false ceiling industry. It is a natural product that does not require the use of a process industry at any stage of its creation or processing (planting, growing, maintaining, and logging). Furthermore, less energy is required to process wood than any other material, including steel, aluminum, plastics, cement, and so on. Wood-based panels are becoming more popular in a wide range of applications. Technological advancements and innovation, as well as increased productivity in maintenance, production, and rebuilding operations, would boost market demand even further. Wood is a natural insulator due to its porous internal structure, which creates zones where heat can be stored, making it ideal for covering. These factors are expected to accelerate market growth over the forecast year.

The growing use of an environmentally friendly solution that meets green construction standards for emitting low Gaseous pollutants is expected to have an impact on the use of traditional products over the forecast period. Leading manufacturers are expanding their product portfolios by introducing low-VOC and asbestos-free product lines to the market. Rising awareness about the use of sustainable and ecological building materials is expected to drive green retrofit or renovation activities in developed economies such as North America and Europe. Furthermore, the region's major players' increase in adoption of recyclable and reusable innovations is expected to drive market growth over the forecast period.

In the Wooden False Ceiling Market, Asia-Pacific led the market, accounting for more than XX% of revenue in 2021. China is a major contributor to the growth of the Asia-Pacific market. To improve the aesthetic appearance of buildings, the building and construction industry in the region is increasingly using more colors, different perforation designs, and a variety of materials such as wooden materials. Furthermore, many architects and designers are emphasizing the use of open ventilation ceilings and open floor plan design features in office and institutional buildings where acoustic comfort or transmission is critical. These designs are expected to increase the demand for wooden false ceilings by improving the aesthetic appeal and sound-absorbing properties.

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Wooden False Ceiling Market Competitive Landscape

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