The building panels is transforming the construction industry by providing a less expensive process, and fast, accurate and affordable housing solutions. The report aims at estimating the market size and future growth potential of building panels market which is segmented on the basis of type, end use, material, application, and region.
The "Building Panels Market" size will grow and reach USD 170.83 Billion in 2016 to USD 230.93 Billion by 2021, at a CAGR of 6.21% from 2016 to 2021. The market is growing in accordance with the growth trends of the construction industry. Building panels lessen delay in construction time, lower labor requirements, are cost-efficient, result in less wastage of materials as compared to site built construction, enable worker safety, and are environment-friendly.
Concrete panels was the most widely used type of panels among other building panels type, in terms of both volume and value, in the same year. Structural-architectural concrete panels provide a cost-effective solution to building enclosures and are highly engineered, provides rugged, durable surfaces for walls and is used widely for floors and roofs as well.
Building panels make use of energy-efficient natural resources and materials, in order to create products and services with lesser resources and environmental impacts. It also provides an efficient delivery model, esthetics, environmental–friendly solution, and controls sound and are resistant to fires, natural disasters, insects, and mold.
Early buyers will receive 10% customization on reports.
The "Building Panels Market" size will grow and reach USD 170.83 Billion in 2016 to USD 230.93 Billion by 2021, at a CAGR of 6.21% from 2016 to 2021. The market is growing in accordance with the growth trends of the construction industry. Building panels lessen delay in construction time, lower labor requirements, are cost-efficient, result in less wastage of materials as compared to site built construction, enable worker safety, and are environment-friendly.
Concrete panels was the most widely used type of panels among other building panels type, in terms of both volume and value, in the same year. Structural-architectural concrete panels provide a cost-effective solution to building enclosures and are highly engineered, provides rugged, durable surfaces for walls and is used widely for floors and roofs as well.
Building panels make use of energy-efficient natural resources and materials, in order to create products and services with lesser resources and environmental impacts. It also provides an efficient delivery model, esthetics, environmental–friendly solution, and controls sound and are resistant to fires, natural disasters, insects, and mold.
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Residential segment was the largest market on the basis of application in 2015
The building panels market, by application, is classified into two segments, namely, residential and non-residential (commercial, industrial, and infrastructure). The residential sector constitutes the largest share of this market. The residential sector is projected to grow due to fast approvals, low-mortgage interest rates, population growth, and urban transport infrastructure developments. The continuously increasing population is a major factor that boosts the demand of residential sector for a large number of construction projects.
Asia-Pacific projected to be the fastest-growing market for building panels
Asia-Pacific with emerging economies such as China and India would drive the building panels market. China is projected to have the largest market share and dominate the Asia-Pacific building panels market from 2016 to 2021. Developing markets such as China, the Middle East, and India are emerging as growth economies for building panels. Growing economies, rising population, and increasing disposable income of the population are acting as the main drivers for increased opportunities in these countries.
Floors & roofs is projected to be the largest segment in 2021
The floors & roofs segment is projected to be the largest market in 2021. The demand for building panels for floors and roofs is expected to experience a higher growth rate, mainly because of the growing demand from the residential and commercial sectors. The Asia-Pacific region is projected to be the fastest-growing market for the floors & roofs segment owing to its increasing emphasis on building construction activities.
Target Audience:
- Building panels market manufacturers
- Building panels market importers and exporters
- Building panels market traders, distributors, and suppliers
- Government and research organizations
- Associations and industry bodies
- Regulatory bodies
- End users
Scope of the Report:
Based on Type:
- Concrete panels
- Vacuum insulated panels (VIP)
- Structural insulated panels (SIP)
- Wood panels
Based on End Use:
- Floors & roofs
- Walls
- Columns & beams
- Staircases
Based on Raw-Material:
- Concrete
- Plastic
- Metal
- Wood
- Silica
Based on Application:
- Residential
- Non-Residential
Based on Region:
- North America
- Europe
- Asia-Pacific
- RoW
Companies such as Panasonic Corporation (Japan), Saint-Gobain (France), Nippon Steel & Sumitomo Metal Corporation (Japan), CRH plc (Ireland), Lafarge (France), Evonik Industries AG (Germany), Huntsman International LLC. (U.S.), Dow Corning Corporation (U.S.), Fletcher Building Limited (New Zealand), and Boral Limited (Australia) were the key players who adopted these strategies to increase the customer base in key markets.
