Report on Building Panels Market to 2021: Projected to Reach $ 230.93 Billion Driven by Traditional Construction Methods and Sustainable Infrastructure

Building Panels Market report aims at estimating the market size and future growth potential of building panels market which is segmented on basis of type, end use, material, application, and region. The base year considered for study is 2015 and market size is forecasted from 2016 to 2021.

The global building panels market is estimated to be valued at USD 170.83 Billion in 2016 and is projected to reach USD 230.93 Billion by 2021, at a CAGR of 6.21% from 2016 to 2021. The building panels is transforming the construction industry by providing a less expensive process, and fast, accurate and affordable housing solutions. With the rise in residential construction, building panels is expected to play a key role in the construction industry, which would hence fuel the growth of the building panels market for the next few years.

Get 15% Discount on Building Panels Market spread across 265 Pages, Profiling 21 Companies and Supported with 204 Tables and 65 Figures is now available at http://www.rnrmarketresearch.com/contacts/discount?rname=605462 .

With the rise in residential construction, building panels is expected to play a key role in the construction industry, which would hence fuel the growth of the building panels market for the next few years. Building panels is not only effective in terms of the cost associated with it, but can also withstand the impact of any natural calamities such as earthquake and storms.

Target Audience
• Building panels market manufacturers
• Building panels market importers and exporters
• Building panels market traders, distributors, and suppliers
• Government and research organizations
• Associations and industry bodies
• Regulatory bodies
• End users

The concrete panels segment is projected to be the largest building panels market in the next five years. The demand from the concrete panels sector is expected to experience a higher growth rate, mainly because of the growing demand for prefabricated/modular construction. Installation of prefabricated/modular building panels saves time and labor as it eliminates the need to perform individual operations of framing, sheathing, and insulating stick-framed walls.

Get Free Market Updates at http://www.rnrmarketresearch.com/contacts/request-sample?rname=605462 .

The Asia-Pacific region is projected to be the fastest-growing market during the forecast period, followed by Europe, from 2016 to 2021. In Asia-Pacific, China is the largest consumer for building panels, followed by Japan. The success of China’s construction industry is closely linked to the growing domestic urbanization efforts and the country is developing economy which will drive the building panels market. Japan’s expertise in technology and innovations, and the growing demand for new construction projects would influence the building panels market in the Asia-Pacific region.

“Concrete panels segment is projected to account for the largest market share during the forecast period”

Primary research involved in this report includes extensive interviews with key people such as CEOs, VPs, directors, and executives. After arriving at the overall market size, the total market was split into several segments and subsegments. These data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary respondents is depicted in the figure below.

The building panels market ecosystem comprises manufacturers such as Panasonic Corporation (Japan), Saint-Gobain (France), Nippon Steel & Sumitomo Metal Corporation (Japan), CRH plc (Ireland), Lafarge (France), Evonik Industries AG (Germany), Huntsman International LLC. (U.S.), Dow Corning Corporation (U.S.), and raw material suppliers include Fletcher Building Limited (New Zealand), Armstrong World Industries, Inc. (U.S.), and BMC Stock Holdings, Inc., (U.S.) which provide solutions to end users to cater to their unique business requirements and needs.

Place the Order Now at “Building Panels Market by Type (Concrete Panels, VIP, SIP, Wood Panel), Raw Material (Concrete, Plastic, Metal, Wood, Silica), End Use (Floors & Roofs, Walls, Columns & Beams, Staircase), Application (Residential & Non-Residential) - Forecast to 2021” report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=605462 .

On the basis of raw material, the market is segmented into concrete, plastic, metal, wood, silica, and others. Building panels make use of energy-efficient natural resources and materials, in order to create products and services with lesser resources and environmental impacts. It also provides an efficient delivery model, esthetics, environmental–friendly solution, and controls sound and are resistant to fires, natural disasters, insects, and mold.

This report will help the market leaders/new entrants in this market in the following ways:
• This report segments the building panels market comprehensively and provides the closest approximation of the revenue numbers for the overall market and the subsegments across the different verticals and regions.
• This report will help stakeholders to understand the market and provide them information on key market drivers, restraints, challenges, and opportunities.
• This report will help stakeholders to better understand their competitors and gain more insights into their position in the business.

Contact:
sales@rnrmarketresearch.com / Call +1 888 391 5441
RnRMarketResearch Provides you the further information and more details with intelligence needs for your business. Access to in-depth market trends helps companies to assess the market effectiveness.

Mr. Hrishikesh
Tower B5, Office 101,
Magarpatta City SEZ,
Pune-411013, India

This release was published on openPR.