Global Building Panels Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Building Panels Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global building panels market report has been segmented on the basis of product type, raw material, application, end use, and region.
Global Building Panels Market: Overview
Building panels are the type of panels that are used in residential as well as commercial sectors. These panels are used in interiors and exterior parts of the building and available in a variety of materials such as metal, wood, concrete, etc.
Global Building Panels Market: Dynamics
Growing construction activities among commercial and residential sectors globally is one of the key factor expected to drive growth of the target market. In addition, rapid urbanization and industrialization in developed, as well as developing countries, is factor expected to support the revenue growth of the global market. Growing demand for better, safe and secure households coupled with increasing disposable income and improved standard of living are some other factors anticipated to fuel the demand for building panels, which in turn, rising growth of the global market.
However, stringent regulations of the government authorities for the usage of some chemicals is a factor expected to hamper growth of the global building panels market.
Global Building Panels Market: Segmental Analysis
Among the product type segments, the structural insulated panels segment is expected to account for high revenue shares of the global market, due to its properties such as durability, energy efficiency, etc. Among the raw materials segments, the concrete segment is expected to register significant growth over the forecast period. This is owing to various benefits of concrete panels including easy installation process and require less time to deploy. Among the application segments, the residential segment is projected to contribute maximum revenue shares of the target market, owing to the increasing base of the population in urban areas and increasing residential construction projects. Among the end use segments, the floor and roofs segment is anticipated to register significant growth.
Global Building Panels Market: Regional Analysis
Asia Pacific building panels market is projected to account for significant revenue shares in the target market, which can be attributed to growing construction activities. In addition, increasing renovation and remodeling activities in order to extend the lifespan of the building structure is a factor expected to support revenue growth of the target market. Increasing spending capabilities and growing demand for better household are some additional factors anticipated to propel the target market growth in this region. Building panels market in North America is expected to register significant growth, which is attributed to growing construction activities. For instance, according to a document published by Associated General Contractors of America (ACGA), construction is a major contributor to the US economy, as this industry has over 680,000 employers with approximately 7 million employees and creates up to $1.3 trillion worth of structures per year. Markets in Latin America, Middle East & Africa, and Europe are projected to register substantial growth over the forecast period.
Global Building Panels Market Segmentation:
Segmentation by Product Type:
- Concrete Panels
- Vacuum Insulated Panels
- Wood Panel
- Structural Insulated Panels
Segmentation by Raw Material:
Segmentation by Application:
Segmentation by End Use:
- Floor and Roofs
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Nippon Steel & Sumitomo Metal Corporation
- Panasonic Corporation
- Dow Corning Corporation
- Saint-Gobain S.A.
- CRH Plc
- Evonik Industries AG
- Lafarge S.A
- Huntsman International LLC
- Armstrong World Industries, Inc.
- Fletcher Building Limited
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