New Research: Lucintel Predicts a Bright Future for the Building Panel Market

Did you know that Lucintel recently published a market research report entitled “Growth Opportunities in the Global Building Panel Market 2020-2025: Trends, Forecast, and Opportunity Analysis”?

This market report for building panel identifies and predicts future opportunities for growth in building panel market for various segments as well as for various regions such as North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for building panel in the commercial and residential building sectors.

According to Lucintel’s market report, the building panel market is forecast to reach $237.3 billion by 2025 with a CAGR of 4.5% from 2020 to 2025. Some of the dominant players in the building panel market are Panasonic Corporation, Saint-Gobain, Nippon Steel & Sumitomo Metal Corporation, CRH PLC, and Lafarge.

There are some interesting developments in building panel market as competition heats up and players try to increase their market share. Some of the emerging trends shaping the market dynamics include increasing use high pressure laminates (HPLs), growing adoption of gypsum panel, and increasing demand for structural insulated panels (SIPs) in construction.

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