ALBANY, New York, November 29, 2016 /PRNewswire/ -- Transparency Market Research has published a new report titled "Ceiling Tiles (Mineral Wool, Metal, Gypsum, Others)Market for Residential, Non-residential and Industrial- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016-2024" According to the report, the global ceiling tiles market was valued at US$ 21,661.3 Mn in 2015 and is anticipated to reach US$ 51,309.4 Mn by 2024, expanding at a CAGR of 10.1% between 2016 and 2024. In terms of product, ceiling tiles market has been segmented into mineral wool, metal, gypsum and others. Raw materials such as mineral fiber, gypsum and metals are used in the production of different types of ceiling tiles. Gypsum tiles are manufactured based on soft minerals, which provide high aesthetic value along with significant functionality and economy. Ceiling tiles are primarily used in residential, non-residential and industrial application. In terms of volume, non-residential dominated the ceiling tiles market, followed by industrial application, in 2015. The non-residential segment accounted for significant share of the ceiling tiles market in 2015 and the trend is likely to continue during the forecast period. The non-residential segment includes hospitality, commercial, and institutional sectors. Ceiling tiles that offer sound control properties and allow easy access to ducts and wiring are being increasingly used in non-residential buildings. Ceiling tiles that are used in the hospitality segment are expected to be waterproof, washable, and bacteria-resistant. These are generally employed in commercial kitchens, central food preparation areas, lobby, and reception areas. The hospitality segment includes hostels, hotels, motels, restaurants, bars, cafes, and nightclubs. Increase in usage of ceiling tiles films in the non-residential segment is estimated to provide worthwhile growth opportunities for the ceiling tiles market in the next few years.