Lucintel Blog: Lucintel Forecasts Building Panel Market to Reach $266.3 Billion by 2027

Wednesday, August 3, 2022

Lucintel Forecasts Building Panel Market to Reach $266.3 Billion by 2027

According to the recent study the building panel market is projected to reach an estimated $266.3 billion by 2027 from $199.8 billion in 2021, at a CAGR of 4.9% from 2021 to 2027. Growth in this market is primarily driven by increasing new construction, renovation activities, and rising consumer spending on home improvement.

Browse 73 figures / charts and 105 tables in this 214 -page report to understand trends, opportunities and forecast in building panel market by end use, (residential and commercial), panel type (concrete panels, vacuum insulated panels (VIP), structural insulated panels (SIP), and wood panels), material type (concrete, plastic, metal, wood, and silica), application (floors & roofs, walls, columns & beams, and staircases), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link https://www.lucintel.com/building-panel-market.aspx

“Concrete building panels market is expected to remain the largest segment during the forecast period.”

Based on material type, the building panel market is segmented into concrete, plastic, metal, wood, and silica. Lucintel forecasts that the concrete building panels market is expected to remain the largest segment due to consume much less time and effort for installation.

“Within the building panel market, the residential segment is expected to remain the largest end use.”

Based on end use the residential segment is expected to witness the highest growth over the forecast period due to the increasing residential construction in emerging nations.

“Asia pacific will dominate the building panel market in near future.”

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.

Download Brochure of this report by clicking on https://www.lucintel.com/building-panel-market.aspx

Major players of building panel market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Panasonic Corporation, Saint-Gobain, Nippon Steel & Sumitomo Metal Corporation, CRH PLC, and Lafarge are among the major building panel providers.

This unique 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 click on this link https://www.lucintel.com/building-panel-market.aspx or helpdesk@lucintel.com.

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Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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