According to a new market report published by Lucintel, the future of the global building panel market looks promising with opportunities in the commercial and residential building sectors. The global building panel market is forecast to reach $237.3 billion by 2025 with a CAGR of 4.5% from 2020 to 2025. The major drivers for this market are increasing new construction, renovation activities, and increasing demand for cost effective construction practices.
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In this market, concrete, plastics, metal, wood, and silica are used for manufacturing of building panels. On the basis of comprehensive research, Lucintel forecasts that concrete building panels will remain the largest segment over the forecast period, as it consumes much less time and effort for installation. The plastic building panels is expected to witness the fastest growing segment over the forecast period.
Within the global building panel market, residential is expected to remain the largest end use industry over the forecast period due to increasing housing 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.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing use high pressure laminates (HPLs), growing adoption of gypsum panels, and increasing demand for structural insulated panels (SIPs) in construction. Panasonic, Saint-Gobain, Nippon Steel & Sumitomo Metal Corporation, CRH PLC, and Lafarge are among the major suppliers of building panels.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global building panel market by panel type, material type, application, end use, and region and has compiled a comprehensive research report titled “Growth Opportunities in the Global Building Panel Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global building panel market by panel type, material type, application, end use, and region, as follows:
By Panel Type [Value ($ Billion) from 2014 to 2025]:
Precast Concrete Panels
Vacuum Insulated Panels (VIP)
Structural Insulated Panels (SIP)
Wood-based Panels
By Material Type [Value ($ Billion) from 2014 to 2025]:
Concrete
Plastic
Metal
Wood
Silica
By Application [Value ($ Billion) from 2014 to 2025]:
Floors
Roofs
Walls
Columns & Beams
Staircases
By End Use [Value ($ Billion) from 2014 to 2025]:
Residential
Non-Residential
By Region [Value ($ Billion) from 2014 to 2025]:
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Russia
Italy
Spain
APAC
ROW
This 213-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.