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Global Building Panels Market Size study, by Type (Concrete Panels, Vacuum Insulated Panels, Structural Insulated Panels and Wood Panels), End Use (Floors & Roof top, Walls, Columns & beam and Staircase), Raw Material (Concrete, Plastic, Metal, Wood and Silica) Application (Residential & Non-Residential) and Regional Forecasts 2019-2026

author

Bizwit Research

date

2 years ago

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1 business day

Global Building Panels market is valued approximately USD 192.63 billion in 2018 and is anticipated to grow with a growth rate of more than 6.19% over the forecast period 2019-2026. 
Building panels are referred as building that is built with structural insulated panels, prefabricate concrete block. Whereas, building panels can frameless fitted into timber, steel or reinforced concrete building. Also, used for common blockwork or over existing masonry products. The growing construction industries in developing countries of Asia pacific and increasing demand for water barrier and protective films are the key drivers for the growth of market over the upcoming years. For instance: As per the Indian Brand Equity Foundation (IBEF), India is expected to become third largest construction market till 2022. The Indian Economy is required to invest worth USD 777.73 billion in infrastructure by 2022 for the sustainable development of the country and the construction development sector and construction output is expected to grow on average of 7.1% each year till 2025. Similarly, as per International Trade Administration, the China industry is valued in 2018 USD 893.58 billion and projected to grow USD 1117.42 billion. Thus, the rising construction sector in developing countries of Asia Pacific such as China and India fuel the growth of market over the forecast years. Whereas, mature market in Europe and stringent environmental and governmental regulations are the factors hampering the growth of market. The increasing use of recyclable plastic products is a lucrative growth opportunity for the growth of market. As per the research held by Oxford University, the global plastic recycled from 1950 to 2015 is 500 million tonnes out of which 100 million tonnes of recycle plastic is still in use, 100 million tonnes were later incinerated and over 300 million tonnes were later discarded or send to landfills. Thus, rising use of recycled plastic products is a profitable  growth opportunity for the market growth.
The regional analysis of global Building Panels market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific accounts for the largest shareholder in the market of global building panels market owing to the rising construction sector in the developing countries such as India and China along with the rising investment in construction of residential and non-residential sectors. Asia Pacific is the fastest growing region in the global building panels market owing to the rising supportive government initiative in the construction sector.

 

Market player included in this report are:
Saint-Gobain
Nippon Steel & Sumitomo Metal Corporation
Lafarge
Huntsman International LLC
Dow Corning Corporation 
Armstrong World Industries, Inc
BMC Stock Holding, Inc
Atas International, Inc
Mueller Inc
LG Hausys Ltd.

 

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

 

By Type:
Concrete panels 
Vacuum insulated panels 
Structural insulated panels 
Wood panels

 

By End use:
Floors & roof
Walls
Columns & beam
Staircases

 

By Raw Material:
Concrete
Plastic
Metal
Wood
Silica

 

By Application:
Residential
Non-residential

 

By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

 

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

 

Target Audience of the Global Building Panels Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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