Construction & Industrial

According to a new market report published by Lucintel, the future of the global building panel market looks good with opportunities in commercial and residential sectors. The global building panel market is expected to reach an estimated $266.3 billion by 2027 and it is forecast to grow at a CAGR of 4% from 2022 to 2027. The major drivers for this market are increasing new construction, renovation activities, and rising consumer spending on home improvement.

In this market, concrete, plastic, metal, wood, and silica are the major materials of building panel. On the basis of comprehensive research, Lucintel forecasts that concrete building panels will remain the largest segment over the forecast period as they consume much less time and effort for installation.

Within the global building panel market, residential and non-residential are the major end use segments. Residential will remain the largest segment over the forecast period due to the increasing residential 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 building panel industry, include increasing use of high pressure laminates (HPLs), growing adoption of gypsum panels, and increasing demand for structural insulated panels (SIPs) in construction. Panasonic Corporation, 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 entitled “Growth Opportunities in the Global Building Panel Market 2022-2027: 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:






































This 214-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 click on this link https://www.lucintel.com/building-panel-market.aspx or write us at helpdesk@lucintel.com.

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 commercial), by panel type (concrete panels, vacuum insulated panels (VIP), structural insulated panels (SIP), and wood panels), by material type (concrete, plastic, 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 has occurred in the last 5 years?