Quality spurs ceiling product forecast

Demand for ceiling products is forecast to reach $2.4 billion on annual growth of 4.1% through 2021, driven by office and commercial construction spending as well as a shift toward higher quality products in the nonresidential market. 

Those are among the findings of the "Ceilings Market in the US" report from The Freedonia Group.

Residential demand for ceiling products is projected to advance 3.8% per annum through 2021, representing a continuing rebound from the overall contraction suffered between 2006 and 2016 because of the housing crisis.  The new residential market will lead advances as housing completions rise from their 2016 levels. 

Area demand in the residential market for ceilings will remain flat over the forecast period as drywall remains the dominant ceiling covering in this market.  While single-family homes account for most residential demand, as they make up the majority of housing space in the United States, ceiling products are used somewhat more intensively in multifamily dwellings, as they are often installed in common areas.