Press release
Building Panels Market is expected to reach USD 321.31 Billion by 2030: Cognitive Market Research
Building Panels Market is expected to reach USD 321.31 Billion by 2030: Cognitive Market Research
- Building panels are prefabricated components used in construction to create walls, floors, roofs, and other architectural elements. It is made of materials such as concrete, steel, wood, and composites. Building panels can be designed and manufactured to exact specifications, enabling faster and more efficient construction compared to traditional on-site construction methods. It also provides excellent performance in terms of structural strength, thermal insulation, and soundproofing.
Summary:
• Global Building Panels Market Size Was Valued at USD 211.12 Billion In 2022 And Is Expected to Grow at a CAGR Of 5.39 % During the Forecast Period, Reaching USD 321.31 Billion By 2030
• Asia Pacific is expected to dominate the building panels market during the forecast period.
• Based on raw materials, the concrete segment held the major market share in 2022.
"To know more about The Building Panels Market statistics click here: https://www.cognitivemarketresearch.com/building-panels-market-report
What are the driving factors for the building panels market?
- Increasing demand for construction materials that have greater design flexibility and creativity is the main driving factor contributing to the growth of the global building panels market during the forecast period. Building panels can provide excellent structural strength and durability, making them suitable for a range of building applications. In addition, many governments are implementing regulations to encourage the use of energy-efficient building materials, which is driving the demand for the building panels market. However, building panels have a limited lifespan may obstruct the growth of this market in near future. Further, building panel manufacturers are increasingly using digital technologies such as 3D printing and BIM (Building Information Modeling) to streamline the design, and assembly processes, resulting in faster and more efficient construction. This is expected to create lucrative opportunities for the building panels market during the forecast period.
Product type segmentation analysis
• Concrete panels
• Vacuum insulated panels (VIP)
• Structural insulated panels (SIP)
• Wood panels
The concrete panel segment acquired the major revenue share over the forecast period. This is because concrete panels are frequently used in conjunction with other types of building panels, such as insulated panels, to provide additional thermal insulation and energy efficiency.
Raw material segmentation analysis
• Concrete
• Plastic
• Metal
• Wood
• Silica
Based on raw materials, the concrete segment held the major market share in 2022. It is due to concrete panels provide several other benefits, including fire resistance, sound insulation, and low maintenance requirements than other materials. They are also sustainable building materials, as they can be made from recycled content, and can be reused or recycled at the end of their life cycle.
End-use segmentation analysis
• Floors & roofs
• Walls
• Columns & beams
• Staircases
The Major Players in Building Panels Market are:
Panasonic, Saint Gobain, Nippon Steel & Sumitomo Metal, CRH, Lafarge, Evonik Industries, Huntsman, Dow Corning, Fletcher Building, Boral Limited, Armstrong World Industries, Kingspan Group, OCI Company, LG Hausys, BMC Stock Holdings, Red Sea Housing Services, Atas International, Mueller, Innovative Metals Company, Murus Company
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Regional Analysis:
- Asia Pacific is expected to dominate the building panels market during the forecast period.
As per CMR analysis, Asia Pacific is expected to dominate the building panels market during the forecast period. The growth of market is significantly growing in the region due to the growing research and development into new and innovative building panel materials and the rising demand for digital technologies. Building panels are increasingly suitable for modular construction, which involves assembling pre-made modules on-site. This approach has led to the development of the building panel market during the forecast period.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Building Panels Market
• 3.1 Global Building Panels Market Size 2018 - 2030, (USD Million)
• 3.2 Global Building Panels Value, Absolute & Opportunity Analysis
• 3.3 Global Building Panels Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Building Panels Market Statistics 2022: Snapshot
Chapter 4 Global Building Panels Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Building Panels Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Building Panels Industry Mergers and Acquisition Analysis
• 5.3 Global Building Panels New Launches Analysis
• 5.4 Company Categorization
• 5.5 Global Building Panels Top Winning Strategies, by Manufacturers (2018-2022)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Building Panels Market by Product Type Segmentation Analysis (2018-2030)
Chapter 10 Global Building Panels Market by Raw Material Segmentation Analysis (2018-2030)
Chapter 11 Global Building Panels Market by End-Use Segmentation Analysis (2018-2030)
Chapter 12 Global Building Panels Market Regional Analysis
Chapter 13 North America Building Panels Market Outlook (2018 - 2030)
Chapter 14 Europe Building Panels Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Building Panels Market Outlook (2018 - 2030)
Chapter 16 Latin America Building Panels Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Building Panels Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about Building Panels Market TOC click here: https://www.cognitivemarketresearch.com/building-panels-market-report#table_of_contents
Related report
• Construction equipment market - https://www.cognitivemarketresearch.com/construction-equipment-market-report
• Metal roofing market - https://www.cognitivemarketresearch.com/metal-roofing-market-report
• Roofing market - https://www.cognitivemarketresearch.com/roofing-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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