The global building panels market is estimated to expand at 6% CAGR during the forecast period (2014-2022) owing to the increasing demand in the construction industry, asserts Market Research Future (MRFR). Building panels are the verticals or walls in the buildings to create a partition and are used to build the internal or external features of a building. They are built out of several materials ranging from wood to concrete, and others. They can also be used to insulate the interiors by using insulated building panels which offer protection from fire, and high resistance.
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Drivers and Constraints Impacting the Market
There has been a growing demand in the construction industry in the public utility segment due to rapid urbanization. With less need for labor, reduced power, and reduced time consumption, the market is likely to boom over the review period. Besides being cost effective, building panels can withstand any natural calamities such as storms and earthquakes which further impacts the market growth positively. Creation of new structures along with renovation of the old ones is also expected to trigger the demand for building panels in the coming years.
On the flip side, strict government mandates associated with the use of specific materials and chemicals are estimated to inhibit the market growth over the assessment period. Several chemicals have already been banned in some of the countries due to their toxicity. Therefore, it is important for the market players to increase their investment in research and development in order to discover economical and safe alternatives.
Global Building Panels Market: Segmental Analysis
The global building panels market has been segmented on the basis of panel type, materials, application, end-use, and region.
By mode of panel type, the global building panels market has been segmented into wooden, concrete, structural insulated, and vacuum insulated. Among these, the segment for concrete panel accounts for the major market share as they are a cost-effective solution in the construction activities and offers a durable and rugged surface for the walls. They are extensively used for roofs and floors as they are pre-stressed which makes them stronger than reinforced panels.
By mode of materials, the global market has been segmented into concrete, metal, wood, plastics, and silica.
By mode of application, the global market has been segmented into residential, commercial, and industrial. Among these, the residential segment holds the largest market share both in terms of volume and value owing to the increasing population density coupled with rapid urbanization and investments in residential projects.
By mode of end-use, the global market has been segmented into floors & roofs, walls, columns & beams, and staircase.
Geographically, the building panels market span across regions namely, Asia Pacific, North America, Europe, and Rest-of-the-World.
Among all the regions, the Asia Pacific region is likely to dominate the global market owing to the growing industrialization and urbanization activities coupled with the increasing need for residential construction activities. Moreover, with the presence of emerging countries such as India, China, and Japan, the global market for building panels is likely to foster over the review period.
XFLAM insulation panels from the Askin Performance Panels were used to build freezers and cool rooms for PFD Food Services’ new distribution center in Knoxville, East Melbourne. Askin manufactured and installed 38,500 square meters of XFLAM insulated panels with Vaughan Constructions throughout the 25,500-square-metre office, refrigerated warehouse and distribution space.
The major players operating the global market are Saint-Gobain, Fletcher Building Limited, Evonik Industries AG, Dow Corning Corporation, Huntsman International LLC., CRH Plc., Panasonic Corporation, Lafarge, Boral Limited, and Atlas international.
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Study Objectives of Building Panels Market
- To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the Global Building Panels Market
- To provide insights about factors affecting the market growth
- To Analyze the Global Building Panels Market based on various factors such as supply chain analysis, and Porter’s five force analysis
- To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segments by Panel Type, and by Raw Materials, by Application and by End Use.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Building Panels Market.
This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global cold insulation market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
Regional Analysis of Building Panels Market
Asia-Pacific region dominated the Global building panels market, because of increasing industrialization & urbanization activities and rising need of housing with increasing population. This region will grow at fastest pace in forecast period. APAC region followed by the European and North American region.
- Building Panels manufacturers
- Distributer & Supplier companies
- consultants and Investment bankers
- Government as well as Independent Regulatory Authorities
- Geographical analysis across 21 countries
- Profiling of key market players
- SWOT analysis, and strategy information of top five profile players in the report
- Competitive landscape including emerging trends adopted by major companies
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