According to
a new market report published by Lucintel, the future of the global building
panel market looks promising with opportunities in the commercial and residential building sectors.
The global building panel market is forecast to reach $237.3 billion by 2025
with a CAGR of 4.5% from 2020 to 2025. The major drivers for this market are
increasing new construction, renovation activities, and increasing demand for
cost effective construction practices.
In this market, concrete, plastics, metal, wood, and silica are used for
manufacturing of building panels. On the basis of comprehensive research,
Lucintel forecasts that concrete building panels will remain the largest
segment over the forecast period, as it consumes much less time and effort for
installation. The plastic building panels is expected to witness the fastest
growing segment over the forecast period.
Within the global building panel market, residential is
expected to remain the largest end use industry over the forecast period due to
increasing housing construction in emerging nations.
APAC will remain the
largest region, and it is also expected to witness the highest growth over the
forecast period due to growing population and increasing construction
activities in this region.
Emerging trends, which have a direct impact
on the dynamics of the industry, include increasing use high pressure
laminates (HPLs), growing adoption of gypsum panels, and increasing demand
for structural insulated panels (SIPs) in construction. Panasonic,
Saint-Gobain, Nippon Steel & Sumitomo Metal Corporation, CRH PLC, and
Lafarge are among the major suppliers of building panels.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the
global building panel market by panel type, material type, application, end
use, and region and has compiled a comprehensive research report titled “Growth Opportunities in the Global Building Panel Market 2020-2025:
Trends, Forecast, and Opportunity Analysis”. The
Lucintel report serves as a catalyst for growth strategy by providing
comprehensive data and analysis on trends, key drivers, and directions. The
study includes trends and forecast for the global building panel market by panel type, material type,
application, end use, and region, as follows:
By Panel Type [Value ($ Billion) from 2014 to
2025]:
- Precast Concrete Panels
- Vacuum Insulated Panels (VIP)
- Structural Insulated Panels (SIP)
- Wood-based Panels
By Material Type [Value ($ Billion) from 2014
to 2025]:
- Concrete
- Plastic
- Metal
- Wood
- Silica
By Application [Value ($ Billion) from 2014
to 2025]:
- Floors
- Roofs
- Walls
- Columns & Beams
- Staircases
By End
Use [Value ($ Billion) from 2014 to 2025]:
- Residential
- Non-Residential
By Region [Value ($ Billion) from 2014 to
2025]:
- North America
− United
States
− Canada
− Mexico
- Europe
− Germany
− France
− United
Kingdom
− Russia
− Italy
− Spain
- APAC
− Japan
− China
− India
- ROW
− Brazil
This 213-page research report will
enable you to make confident business decisions in this globally competitive
marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings
include Construction Market Report, Construction Reports, Market Research Report, Capital Investment Feasibility and SWOT
Analysis.
About Lucintel
Lucintel, the premier global management
consulting and market research firm, creates winning strategies for growth. It
offers market assessments, competitive analysis, opportunity analysis, growth
consulting, M&A, and due diligence services to executives and key
decision-makers in a variety of industries. For further information, visit
www.lucintel.com.
This
report addresses the following key questions:
Q. 1. What are
some of the most promising, high growth opportunities for the global building
panel market by end use, (residential and non residential), by panel type (precast
concrete panels, Vacuum Insulated Panels (VIP), Structural Insulated Panels (SIP),
and wood-based panels), by material type (concrete, plastics, metal, wood, and
silica), by application (floors, roofs, walls, columns & beams, and
staircases), and by region (North America, Europe, Asia Pacific, and the
Rest of the World)?
Q. 2.
Which products segments will grow at a faster pace and why?
Q. 3.
Which region will grow at a faster pace and why?
Q.4.
What are the key factors affecting market dynamics? What are the drivers,
challenges, and business risks in this market?
Q.5.
What are the business risks and competitive threats in this market?
Q.6.
What are the emerging trends in this market and the reasons behind them?
Q.7. What
are some of the changing demands of customers in the market?
Q.8.
What are the new developments in the market and which companies are leading
these developments?
Q.9.
Who are the major players in this market? What strategic initiatives are being
taken by key companies for business growth?
Q.10.
What are some of the competing products in this market, and how big of a threat
do they pose for loss of market share by product substitution?
Q. 11.
What M&A activity did occur in the last five years?
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