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Building Panels Market Analysis 2023, Major Players, Applications, Trends, Regional Segmentation & Forecast Till 2032 || Panasonic Corporation, Compagnie de Saint-Gobain SA, Nippon Steel & Sumitomo Metal Corporation
Building Panels Market
Building Panels Market Size, Growth Rate, And Forecast
The global building panel market size is expected to grow from $202.81 billion in 2022 to $218.41 billion in 2023 at a compound annual growth rate (CAGR) of 7.69%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The building market size is expected to reach $273.96 billion in 2027 at a CAGR of 5.83%.
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Building Panels Market Drivers
The increase in construction activities is expected to propel the building panels market forward. Construction involves the action of building large structures by putting together materials. Building panel market expansion is aided by rising construction activity for both residential and non-residential structures.
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Building Panels Market Segments
• By Panel Type: Precast Concrete Panels, Vacuum Insulated Panels, Structural Insulated Panels (SIP), Wood-Based Panels, Other Panel Type
• By Material Type: Concrete, Plastics, Metal, Wood, Silica
• By Application: Commercial Construction, Residential, Non-Residential
• By End User: Floors And Roofs, Walls, Columns And Beams, Staircases
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the building panels market.
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Building Panels Market Key Players
Major competitors in the building panels market are Panasonic Corporation, Compagnie de Saint-Gobain SA, Nippon Steel & Sumitomo Metal Corporation, CRH PLC., BMC Inc., Evonik Industries AG, Huntsman International LLC, Dow Corning Corporation, Fletcher Building Limited.
The Business Research Company's "Global Building Panels Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Building Panels Market Include:
1. Executive Summary
2. Building Panels Market Characteristics
3. Building Panels Market Trends And Strategies
4. Building Panels Market - Macro Economic Scenario
5. Building Panels Market Size And Growth
………………
27. Building Panels Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Building Panels Market
29. Building Panels Market Future Outlook and Potential Analysis
30. Appendix
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