New Research: Lucintel Predicts a Building Panel Market

Did you know that Lucintel recently published a market research report entitled “Growth Opportunities of the Building Panel Industry”?

This report for building panel market identifies and predicts future opportunities for growth in for building panel market industry 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 market in the residential and non-residential.

According to Lucintel’s market report, the building panel market is expected to grow with a CAGR of 3% to 5% from 2020 to 2025. Some of the dominant players of the for building panel market are Panasonic Corporation, Saint-Gobain, Nippon Steel & Sumitomo Metal Corporation, CRH PLC, and Lafarge.

There are some interesting developments in for building panel market as competition heats up and players try to increase their market share. Some of the emerging trend, which has a direct impact on the dynamics of for building panel industry, includes 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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