Global Building Panels Market was valued at US$ 172.2Bn in 2017 and is expected to reach US$ 256.1Bn by 2026, at a CAGR of 5.09% during a forecast period.
Building panels are raised to as a building in structural insulated panels or concrete blocks as pre-fabricated concrete which is used to build the internal and external features of the building. With a growing population, there is a rise in activities of construction in the segment of public utility. Which is eventually driving the market of building panels. Also, some of the key drivers like reduced power, reduced time consumption and less need for labour, are also helping in increasing the market.
However, some of the strict regulations by a government on the use of certain chemicals is hindering the market growth of building panels. Building panels are effective in terms of related price with it and can withstand the impact of any calamities which are natural such as earthquake and storms. Building panels are widely used to construct the internal and external features of the building.
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Based on row material, the concrete panel segment will account for the larger shares of the building panel materials market during the forecast period. Structural-architectural concrete panels are a cost-effective solution in construction activities as it is extremely engineered and gives a rugged and durable surface for walls. Concrete panels are used commonly for floors and roofs since they are pre-stressed, which makes them stronger than reinforced panels. Also, these panels are lightweight, easy to cut and come in many shapes and sizes which make them suitable for various needs and requirements.
On the basis of application, the residential segment has substantial growth with a growing population and low mortgage interest rate. Construction and transport infrastructure development projects will support the employment of several building panels and in turn its raw material. Rising demand in commercial spaces including malls and supermarkets will propel strong growth in the forecast period.
Emerging economies proposal large opportunities in the building panels market globally. Most of these countries are witnessing a high rate of construction activities. Each nation provides a major opportunity of growth for regional also global players. These developing economies are also capable of purchasing premium construction materials and products for the building of better structures. This is expected to boost the scope of growth for global players.
In terms of region, the Asia Pacific is forecasted to dominate the global market because of rapid industrialization and urbanization witnessed in the region. The region houses fast-developing economies, for instance, India, China, and Japan. It is expected to have a positive influence on the growth of the building panels market over the upcoming years.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Building Panels Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Global Building Panels Market.
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Scope of Global Building Panels Market
Global Building Panels Market, by Type
• Concrete panels
• Vacuum insulated panels (VIP)
• Structural insulated panels (SIP)
• Wood panels
Global Building Panels Market, by End Use
• Floors & roofs
• Columns & beams
Global Building Panels Market, by Raw-Material
Global Building Panels Market, by Application
Global Building Panels Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in Global Building Panels Market
• Panasonic Corporation
• Nippon Steel & Sumitomo Metal Corporation
• CRH PLC
• Evonik Industries AG
• Huntsman International LLC.
• Dow Corning Corporation
• Fletcher Building Limited
• Boral Limited
• Armstrong World Industries, Inc.
• Kingspan Group PLC.
• OCI Company Ltd.
• LG Hausys Ltd.
• BMC Stock Holdings, Inc.
• Red Sea Housing Services
• Atas International, Inc.
• Mueller, Inc.
MAJOR TOC OF THE REPORT
Chapter One: Building Panels Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Building Panels Market Competition, by Players
Chapter Four: Global Building Panels Market Size by Regions
Chapter Five: North America Building Panels Revenue by Countries
Chapter Six: Europe Building Panels Revenue by Countries
Chapter Seven: Asia-Pacific Building Panels Revenue by Countries
Chapter Eight: South America Building Panels Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Building Panels by Countries
Chapter Ten: Global Building Panels Market Segment by Type
Chapter Eleven: Global Building Panels Market Segment by Application
Chapter Twelve: Global Building Panels Market Size Forecast (2019-2026)
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