Building Panels Market Trends, Competitive Landscape and Regional Forecast 2022-28

The research report "Global Building Panels Market by Material Type (Concrete, Plastic, Metal, Wood, Silica), Panel Type (Concrete Panels, Vacuum Insulated Panels (VIP), Structural Insulated Panels (SIP), Wood Panels), Application (Floors & Roofs, Walls, Columns & Beams, Staircases), End User (Residential, Commercial, Industrial) and Geography- Global/Region/Country Forecast to 2028." Buildings Panels market size is valued at USD 215.6 billion in 2021 and is anticipated to witness CAGR rate of 6.3% during the forthcoming years 2022-2028.

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The development of advanced building panels is anticipated to impel the Global Building Panels Market:
The global market provides a comprehensive overview on the building panels market and can be classified on the basis of Application, End User, material type and panel type. The buildings panels market has been classified into different sectors such as Silica, Concrete, Wood, Plastic and Metal based on material type. Among these sectors, the concrete sector is likely to be the biggest and rapidly-growing sector in terms of type. The building panel market is classified into different sectors such as Wood Panels, Vacuum Insulated Panels (VIP), Concrete Panels and Structural Insulated Panels (SIP) on the basis of panel. Amid these sectors, the Concrete Panels sector is anticipated to witness the rapidly-growing market during the forecast period. The buildings panels market is classified into different segments such as Columns & Beams, Staircases, Floors & Roofs and Walls on the basis of Application. Among these segments, the Floors & Roofs segment witnesses the biggest share in 2021 and Columns & Beams is the second-largest share during the forthcoming years 2021-2028. This market has been separated into Industrial, Residential and Commercial based on the end-user. The Residential sector is anticipated to lead other sectors in the buildings panels market during the forthcoming years. Nucor Corporation acquired CENTRIA and Melt-Span brands from Cornerstone Building Brands' insulated metal panels (IMP) business in August 2021.

There are a few factors expected to drive the global buildings panels market over the forecast period such as the development of advanced buildings panels, fast growth in construction industry and growing disposable income.

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The Asia Pacific accounted for a major share in the Buildings Panels Market:
The buildings Panels market report provides complete outlook on the region making complete focus on major regions including Europe, Asia Pacific, Latin America, North America, Middle East and Africa. Amid these regions, Asia Pacific market is anticipated to witness the highest market share during the forthcoming years. It is mainly because of the emerging countries in India, china and Japan coupled with increase in the applications of building panels in the residential and non-residential construction industry.

Competitive Analysis - Global Building Panels Market:
Major players working in the global buildings panels market are Nexii (Canada), Lafarge (France), Panasonic Corporation (Japan), Saint-Gobain (France) and Evonik Industries AG (Germany). These players in the market focus on following key strategies such as major collaborations, acquisitions, mergers and new product launches.

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