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Global Acoustic Insulation Market

"The global ceiling tiles market size is expected to reach USD 9.91 billion by 2025. It is anticipated to expand at a CAGR of 9.3% during the forecast period. The positive growth trends in the commercial construction sector across the globe are expected to play a vital role in creating ample scope for the consumption of building materials thereby driving the market growth. Ceiling tiles are utilized primarily for providing better acoustic insulation to interior constructions. The raw materials such as mineral wool, metal, and gypsum have significant noise reduction coefficient and they are light in weight and environment-friendly; which makes them favorable for use in ceiling systems. This factor is projected to drive the product demand in the forthcoming years. The market participants supply ceiling tiles through different distribution channels including direct supply, wholesale or bulk selling, third-party supply contracts, and through online portals. The major players are expected to be benefited from third-party agreements, by obtaining access to the regional distribution and marketing networks."