Press release
What are the factors promoting Building Panels Materials Market growth? Nippon Steel & Sumitomo metals, Saint Gobain, Huntsman, Panasonic and Evonik Industries
North America led by the U.S has significant share in building panels materials market owing to stringent government regulations for energy conservation and environment concern. Europe follows trend of North America with presence of well-established and flourishing automobile industry with big players such as Audi and Volkswagen that employ panels in showrooms. Further, European regulation as Energy Saving Regulation (EnEV) will support use of insulated panels in infrastructures.Asia Pacific has substantial share in global building panels materials market with emerging economies countries India and China. Rising disposable income and urbanization have enhanced the industry growth. Middle East and Africa has moderate share with advanced construction industries and presence of sky scrapers including Burj Kahlifa, Burj Al Arab, Rose Tower and Cayan Tower.
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Building Panels Materials Market size will witness considerable growth in the forecast period owing to increasing demand in construction industry. Rise scope in retail sector and commercial spaces are major driver for product demand. Growth in retail sector has increased at over 3.5% in 2016 as compared to 2015. Increase in residential and industrial infrastructure spending has enhanced its usage and will drive the industry growth.
Surge in global population has augmented building and supporting infrastructure construction. Trend of using industrial waste for manufacturing of panels has improved its demand. These are light in weight, economical and appropriate solution for land fill problems. Lower labour requirements and increasing purchasing power are expected to drive building panels materials market during forecast period.
The Building Panels Materials Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Building Panels Materials Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2019 - 2025
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2019
3.11. PESTEL analysis
3.14. Regional price trends
4. Building Panels Materials Product Insights
5. Building Panels Materials Application Insights
6. Building Panels Materials Regional Insights
7. Competitor Profiles
Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/building-panels-materials-market
Based on product, building panels materials market is segmented into concrete, vacuum insulated, structural insulated and wood panels. Concrete type has major market share along with application in wall, roof and floor. These are cost effective and provide rugged and durable surface. Roof and floor have major usage as it avoids unnecessary shuttering. Vacuum and structural insulated material will witness healthy growth with increase in energy efficient infrastructures.
On the basis of component building panels materials market is classified as plastic, concrete, metal, wood and silica. Concrete contributes largest market share owing to high demand in interior and exterior panels. These are cheaper than other ingredients and can easily be formed into desired shapes and sizes to meet required purpose and need. Plastic has substantial share as these are light in weight and easy to cut in desired shape.
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Building panels materials market is quite fragmented with presence of both global and local players. Prominent players are Nippon Steel & Sumitomo metals, Saint Gobain, Huntsman, Panasonic and Evonik Industries. Other key players include Boral, CRH, DOW Corning, Kingspan, Armstrong World Industries, Lafarge, ATAS International and IMETCO. Companies including Huntsman and Evonik Indutries are working in forward integration to enhance their market share.
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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