Market Insights
The building panel market is likely to grow at a promising CAGR of 4% in the long run to reach US$ 266.3 Billion in 2028.
The building panels market is a segment of the construction industry that deals with the production and sale of building panels. Building panels are prefabricated building materials used to construct buildings' exteriors and interiors. They are made from a variety of materials, including concrete, wood, metal, and plastic. Building panels offer several advantages over traditional building materials, including speed of construction, reduced labor costs, and improved energy efficiency.
The market is expanding in line with the construction industry's growth trends. Building panels are more cost-effective than site-built construction, resulting in less material waste, reducing construction time delays, enabling worker safety, and being environmentally benign. These benefits, as well as elements like growing urbanization and industrialization, are what fuel the building panel industry. Strong investment prospects should result from market technical advancements and product innovations.
Segments' Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Panel-Type Analysis
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Precast concrete panels, Vacuum Insulated Panels, Structural Insulated Panels (SIP), Wood-based panels, and Others
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Structural Insulated Panels (SIP) are anticipated to remain the biggest demand generator for building panels in the years to come.
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Application-Type Analysis
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Floors, Roofs, Walls, and Others
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Floors are expected to remain the dominant application during the forecast period.
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Material Type Analysis
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Concrete, Plastics, Metal, Wood, and Silica
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Concrete is the dominant material type in the building panes market.
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Regional Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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Asia-Pacific is expected to remain the largest market over the next five years.
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Panel Type
The building panel market is segmented into precast concrete panels, vacuum-insulated panels, structural insulated panels (SIP), wood-based panels, and others. Structural insulated panels are expected to remain the largest panel type in the market during the forecast period owing to the cost-effective solutions to building enclosures that are highly engineered. It is widely used for floors and roofs with rugged and durable surfaces for walls.
Material Type
The market is segmented into concrete, plastics, metal, wood, and silica. Cement is expected to remain the dominant as well as the faster-growing material type in the market during the forecast period. Building panels make use of energy-efficient natural resources and materials.
Regional Analysis
Asia-Pacific is expected to remain the largest market for building panels during the forecast period. Developing economies such as China, Japan, and India are driving the building panels market in the growing application in residential and non-residential construction industry.
The building panel market is segmented into the following categories:
By Panel Type
- Precast concrete panels (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Vacuum Insulated Panels (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Structural Insulated Panels (SIP) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Wood Panels (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Application Type
- Floors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Roofs (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Walls (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Material Type
- Concrete (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Plastics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Metal (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Wood (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Silica (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and the Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Key Players
The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. The following are the key players in the building panel market:
- Nippon Steel and Sumitomo Metal Corporation
- CRH Plc
- Lafarge
- Evonik Industries AG
- Huntsman International LLC
- Dow Corning Corporation
- Fletcher Building Limited
- Boral Limited
- Panasonic Corporation
- Saint-Gobain
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s building panel market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for existing and new players.
- Key success factors.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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