The future of the global building panel market looks promising with opportunities in the commercial and residential sectors. The global building panel market is expected to reach an estimated $250.5 billion by 2028, and it is forecast to grow at a CAGR of 3% from 2023 to 2028. The major drivers for this market are increasing new construction, renovation activities, and rising consumer spending on home improvement.
The study includes trends and forecast for the global building panel market by panel type, material type, application, end use, and region, as follows:
Answer: The global building panel market is expected to reach an estimated $250.5 billion by 2028.
Q.2. What is the growth forecast forbuilding panel market?
Answer: The building panel market is expected to grow at a CAGR of 3% from 2023 to 2028.
Q.3. What are the major drivers influencing the growth of thebuilding panel market?
Answer: The major drivers for this market are increasing new construction, renovation activities, and rising consumer spending on home improvement.
Q.4. What are the major applications or end use industries forbuilding panels?
Answer: Residential and non-residential are the major end use for building panels.
Q.5. What are the emerging trends in thebuilding panel market?
Answer: Emerging trends, which have a direct impact on the dynamics of the building panel industry, include increasing use of high pressure laminates (HPLs), growing adoption of gypsum panels, and increasing demand for structural insulated panels (SIPs) in construction.
Q.6. Who are the keybuilding panel companies?
Answer: Some of the key building panel companies are as follows:
Answer: The analyst forecasts that concrete building panels will remain the largest segment over the forecast period as they consume much less time and effort for installation.
Q.8. : Inbuilding panel market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region and it is also expected to witness the highest growth over the next five years.
Q.9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% customization without any additional cost.
This report addresses the following key questions
Q.1. What are some of the most promising, high growth opportunities for the global building panel market by end use, (residential and commercial), by panel type (concrete panels, vacuum insulated panels (VIP), structural insulated panels (SIP), and wood panels), by material type (concrete, plastic, metal, wood, and silica), by application (floors & roofs, walls, columns & beams, and staircases), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which product segment will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers,
challenges, and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market and which companies are leading
these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being taken
by key companies for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11. What M&A activity did occurred in the last five years?
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Emerging Trends in Global Building Panel Market
Emerging trends, which have a direct impact on the dynamics of the building panel industry, include increasing use high pressure laminates (HPLs), growing adoption of gypsum panel, and increasing demand for structural insulated panels (SIPs) in construction.Building Panel Market by Segment
In this market, concrete is the largest material market, whereas residential is largest market by end use.The study includes trends and forecast for the global building panel market by panel type, material type, application, end use, and region, as follows:
Building Panel Market by Panel Type [$B shipment analysis from 2017 to 2028]:
- Concrete Panels
- Vacuum Insulated Panels (VIP)
- Structural Insulated Panels (SIP)
- Wood Panels
Building Panel Market by Material Type [$B shipment analysis from 2017 to 2028]:
- Concrete
- Plastics
- Metal
- Wood
- Silica
Building Panel Market by Application [$B shipment analysis from 2017 to 2028]:
- Floors & Roofs
- Walls
- Columns & Beams
- Staircases
Building Panel Market by End Use [$B shipment analysis from 2017 to 2028]:
- Residential
- Non-Residential
Building Panel Market by Region [$B shipment analysis from 2017 to 2028]:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- France
- United Kingdom
- Russia
- Italy
- Spain
- APAC
- Japan
- China
- India
- ROW
- Brazil
List of Building Panel Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, building panel companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the building panel companies profiled in this report include-- Panasonic Corporation
- Saint-Gobain
- Nippon Steel & Sumitomo Metal Corporation
- CRH PLC
- Lafarge
Building Panel Market Insights
- The analysts forecast that concrete building panels will remain the largest segment over the forecast period as they consume much less time and effort for installation.
- Within the global building panel market, residential and non-residential are the major end use segments. Residential will remain the largest segment over the forecast period due to the increasing residential construction in emerging nations.
- APAC will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to growing population and increasing construction activities in this region.
Features of the Global Building Panel Market
- Market Size Estimates: Building panel market size estimation in terms of value ($B) shipment.
- Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by segment and region.
- Segmentation Analysis: Building panel market size by panel type, material type, application, end use, and region.
- Regional Analysis: Building panel market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different applications, materials, panel types, end use, and regions for building panel market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for building panel in the global building panel market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQs
Q.1. What is the building panel market size?Answer: The global building panel market is expected to reach an estimated $250.5 billion by 2028.
Q.2. What is the growth forecast forbuilding panel market?
Answer: The building panel market is expected to grow at a CAGR of 3% from 2023 to 2028.
Q.3. What are the major drivers influencing the growth of thebuilding panel market?
Answer: The major drivers for this market are increasing new construction, renovation activities, and rising consumer spending on home improvement.
Q.4. What are the major applications or end use industries forbuilding panels?
Answer: Residential and non-residential are the major end use for building panels.
Q.5. What are the emerging trends in thebuilding panel market?
Answer: Emerging trends, which have a direct impact on the dynamics of the building panel industry, include increasing use of high pressure laminates (HPLs), growing adoption of gypsum panels, and increasing demand for structural insulated panels (SIPs) in construction.
Q.6. Who are the keybuilding panel companies?
Answer: Some of the key building panel companies are as follows:
- Panasonic Corporation
- Saint-Gobain
- Nippon Steel & Sumitomo Metal Corporation
- CRH PLC
- Lafarge
Answer: The analyst forecasts that concrete building panels will remain the largest segment over the forecast period as they consume much less time and effort for installation.
Q.8. : Inbuilding panel market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region and it is also expected to witness the highest growth over the next five years.
Q.9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% customization without any additional cost.
This report addresses the following key questions
Q.1. What are some of the most promising, high growth opportunities for the global building panel market by end use, (residential and commercial), by panel type (concrete panels, vacuum insulated panels (VIP), structural insulated panels (SIP), and wood panels), by material type (concrete, plastic, metal, wood, and silica), by application (floors & roofs, walls, columns & beams, and staircases), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which product segment will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers,
challenges, and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market and which companies are leading
these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being taken
by key companies for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11. What M&A activity did occurred in the last five years?
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Market Background and Classifications
3. Market Trends and Forecast Analysis from 2017 to 2028
4. Market Trends and Forecast Analysis from 2017 to 2028 by Region
5. Competitor Analysis
6. Cost Structure Analysis
7. Growth Opportunities and Strategic Analysis
8. Company Profiles of Leading Players
Companies Mentioned
- Panasonic Corporation
- Saint-Gobain
- Nippon Steel & Sumitomo Metal Corporation
- CRH PLC
- Lafarge
- Evonik Industries AG
- Huntsman International LLC
- Dow Corning Corporation
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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