Various Key Players And Trends in Composite Panel Market with key Developments.

Global composite panels market was valued at US$ 57,650 Mn in 2017, and is expected to register a CAGR of over 5%. The report offers in-depth insights, revenue details, and other vital information regarding the global composite panels market and the various trends, drivers.

Composite panels are panels used for partitioning, facades, exterior cladding, roofing, decking, flooring, etc. This panels have high stability, insulation properties, excellent load-bearing capacity, and stain & weather resistance.

The global composite panel market, owing to development of innovative buildings, and availability of panels in different textures, size, and colors. In addition, composite panels are manufactured as a single unit owing to which they can be easily installed and this panels offer high insulation with low thickness & are light weight.'

Plywood and OBS structural panels are used in transportation equipment like dry van trailers, truck bodies and utility trailers and vans. In addition, tough, durable, resistance plywood is used in busses and trains. Thus, the increasing application for wood based panel is expected to drive the growth of the market.

Most of the cost is incurred in suppling of the log from forest areas to mills or the port which in turn increases the cost of goods.Development of composite panels with cost-effective core materials with higher efficiency and longer durability can create high potential revenue opportunities for players in the global composite panel market.

Industrial expansions in emerging economies like China, India, Indonesia, Russia, and Brazil is expected to fuel the demand for metal composite panels over the years.

Rising acceptance of Aluminum Composite Panel (ACP)s as external claddings for buildings to provide protection from harming effects of sunlight, rain water, and dust, owing to factors such as light weight, durable, weather resistance, low & easy maintenance, and excellent color uniformity.

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Asia Pacific is estimated to be the fastest growing region in the global composite panel market. High adoption rate of composite panels in various end use industries, availability of cost-effective raw material and labor, and rising demand for aluminum composite panels in emerging economies in the region are major factors expected to fuel growth of the Asia Pacific composite panel market over the forecast period.

The metal composite panel segment in the global composite panel market is estimated to account for a majority revenue share of 55.2% in 2017.

Companies profiled in this report are EGGER Group, Sonae Indústria, SGPS, S.A., Louisiana-Pacific Corporation, SWISS KRONO GROUP, Norbord Inc., Georgia-Pacific LLC., Duratex S.A., Weyerhaeuser Company, Kastamonu Entegre, Masisa S.A.

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