It is anticipated that the global ceiling tiles market would expand at a compound annual growth rate (CAGR) of 8.5% during the forecast period as against the earlier estimated CAGR of 4% pre-covid. Many of the construction projects that were stalled due to the spread of covid-19 have started to resume at a significant rate, therefore, compelling the market to grow at a healthy rate during the forecast period of 2022 to 2030.
Cement is a binding agent and a key ingredient in concrete and mortar, which is mainly used in construction industry. The demand for cement is strongly correlated to the rate of economic development. Cement manufacturing is the third largest energy consuming and CO2 emitting sector.
