Building Panels Global Market Report 2024

Description

Building Panels Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on building panels market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for building panels? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The building panels market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Panel Type: Precast Concrete Panels; Vacuum Insulated Panels; Structural Insulated Panels (SIP); Wood-Based Panels; Other Panel Type
2) By Material Type: Concrete; Plastics; Metal; Wood; Silica
3) By Application: Commercial Construction; Residential; Non-Residential
4) By End User: Floors And Roofs; Walls; Columns And Beams; Staircases
Companies Mentioned: Panasonic Corporation; Compagnie de Saint-Gobain SA; Nippon Steel & Sumitomo Metal Corporation; CRH plc.; BMC Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

High-performance building panels represent a superior and cost-effective building system, renowned for their ease of installation, efficient production, reduced energy consumption, minimized material waste, and exceptional insulation capabilities. These panels play a crucial role in constructing both the interior and exterior features of structures.

The primary types of building panels include precast concrete panels, vacuum insulated panels, structural insulated panels (SIP), wood-based panels, and other variants. Precast concrete panels, specifically, are instrumental in constructing large buildings, providing robust structural support. This category of building products involves pouring concrete into reusable molds to create a single cladding assembly. Building panels leverage materials such as concrete, plastics, metal, wood, and silica, finding applications in commercial construction, residential projects, and non-residential developments. These versatile panels are utilized for various structural elements, including floors and roofs, walls, columns and beams, as well as staircases.

The building panel market research report is one of a series of new reports from The Business Research Company that provides building panel market statistics, including building panel industry global market size, regional shares, competitors with a building panel market share, detailed building panel market segments, market trends and opportunities, and any further data you may need to thrive in the building panel industry. This building panel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The building panels market size has grown strongly in recent years. It will grow from $216.24 billion in 2023 to $230.28 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The expansion observed in the historical period can be credited to factors such as heightened market competition, innovative practices, increasing consumer preferences for prefabricated homes, government incentives and grants, and the overall growth in residential construction.

The building panels market size is expected to see strong growth in the next few years. It will grow to $299.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The anticipated expansion during the forecast period can be credited to the adoption of sustainable construction practices, the rise in urbanization and population, stringent building regulations, growing concerns for energy efficiency, and a focus on cost-effectiveness. Key trends in the forecast period encompass the utilization of green building materials, the prevalence of modular construction, the impact of urbanization and population density, and the adherence to stringent building codes.

The growth of the building panels market is anticipated to be driven by the increasing pace of construction activities. This trend is fueled by a surge in construction endeavors for both residential and non-residential structures. Notably, in 2021, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported a 4% year-on-year increase, with approximately 1,337,800 new residential housing construction units built. The escalating construction activities are poised to contribute significantly to the expansion of the building panels market.

Anticipated advancement in the building panels market is attributed to the phenomenon of rapid urbanization. Rapid urbanization denotes the rapid and substantial rise in urban populations, leading to the expansion and development of cities and towns. As urban populations burgeon, there is an escalating demand for residential, commercial, and infrastructure development to accommodate the growing urban populace. The utilization of building panels in construction has gained prominence due to their advantages in terms of speed, cost efficiency, and design flexibility. According to the World Bank's October 2022 report, 56% of the world's population, or 4.4 billion people, currently reside in cities, with a projected increase to 70% by 2050. The prevalence of urbanization is a key driver for the growth of the building panels market.

A pivotal trend in the building panels market is technological advancement. Major industry players are channeling their efforts into developing innovative technologies to bolster their market positions. For instance, in June 2021, Magicrete Building Solutions introduced MagicLite ALC Wall Panels featuring autoclaved lightweight concrete panel technology. This technology, incorporating corrosion-protected steel, ensures high-quality and durable construction in a remarkably short time. Technological advancements remain a key focus area for companies operating in the building panels market.

Strategic collaborations and partnerships are emerging as a key strategy in the building panels market. Major companies in this sector are actively engaging in partnerships to expand market reach or innovate new products and technologies. In October 2023, Eurobond, an India-based manufacturer of insulated metal panels, collaborated with Rheinzink, a Germany-based producer of titanium zInc., to introduce zinc panels for facades in the Indian market. Such alliances leverage the resources and expertise of involved companies to drive innovation and market growth. This collaborative approach is exemplified by the unique 3P model of advanced sustainability and the patentable method.

In April 2021, LafargeHoclim, a Switzerland-based innovative and sustainable building solutions company, completed the acquisition of Firestone Building Products, a US-based building materials manufacturing company, for an undisclosed amount. This strategic move aimed to fortify LafargeHoclim's market presence in North America, Europe, and Latin America, positioning the company as a global leader in flat roofing systems. The acquisition underscores LafargeHoclim's commitment to expansion and strategic positioning in key markets.

Major companies operating in the building panels market report 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, Boral Limited, Armstrong World Industries Inc., Kingspan Group PLC, OCI Company Ltd., Lg Hausys Ltd., Mueller Inc., Owens Corning, PFB Corporation, Alubel SpA, Alumil Aluminium Industry SA, Alutech United Inc., ArcelorMittal, The Murus Company Inc., Rautaruukki Corporation, The Steel Network Inc., U.S. Lumber Group LLC, USG Corporation, VELUX Group, Weyerhaeuser Company, Xella Group, Sika AG, Tata Steel Limited, and The Dow Chemical Company.

Asia-Pacific was the largest region in the building panels market in 2023. The regions covered in the building panels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the building panels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The building panels market consists of sales of silica and metal building panels. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r12536

1. Executive Summary

2. Building Panels Market Characteristics

3. Building Panels Market Trends And Strategies

4. Building Panels Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Building Panels Market Size and Growth

5.1. Global Building Panels Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Building Panels Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Building Panels Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Building Panels Market Segmentation

6.1. Global Building Panels Market, Segmentation By Panel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Precast Concrete Panels
Vacuum Insulated Panels
Structural Insulated Panels (SIP)
Wood-Based Panels
Other Panel Type
6.2. Global Building Panels Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Concrete
Plastics
Metal
Wood
Silica
6.3. Global Building Panels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Commercial Construction
Residential
Non-Residential
6.4. Global Building Panels Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Floors And Roofs
Walls
Columns And Beams
Staircases

7. Building Panels Market Regional And Country Analysis

7.1. Global Building Panels Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Building Panels Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Building Panels Market

8.1. Asia-Pacific Building Panels Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Building Panels Market, Segmentation By Panel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Building Panels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Building Panels Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Building Panels Market

9.1. China Building Panels Market Overview
9.2. China Building Panels Market, Segmentation By Panel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Building Panels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Building Panels Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Building Panels Market

10.1. India Building Panels Market, Segmentation By Panel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Building Panels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Building Panels Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Building Panels Market

11.1. Japan Building Panels Market Overview
11.2. Japan Building Panels Market, Segmentation By Panel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Building Panels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Building Panels Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Building Panels Market

12.1. Australia Building Panels Market, Segmentation By Panel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Building Panels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Building Panels Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Building Panels Market

13.1. Indonesia Building Panels Market, Segmentation By Panel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Building Panels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Building Panels Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Building Panels Market

14.1. South Korea Building Panels Market Overview
14.2. South Korea Building Panels Market, Segmentation By Panel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Building Panels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Building Panels Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Building Panels Market

15.1. Western Europe Building Panels Market Overview
15.2. Western Europe Building Panels Market, Segmentation By Panel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Building Panels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Building Panels Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Building Panels Market

16.1. UK Building Panels Market, Segmentation By Panel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Building Panels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Building Panels Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Building Panels Market

17.1. Germany Building Panels Market, Segmentation By Panel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Building Panels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Building Panels Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Building Panels Market

18.1. France Building Panels Market, Segmentation By Panel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Building Panels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Building Panels Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Building Panels Market

19.1. Italy Building Panels Market, Segmentation By Panel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Building Panels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Building Panels Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Building Panels Market

20.1. Spain Building Panels Market, Segmentation By Panel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Building Panels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Building Panels Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Building Panels Market

21.1. Eastern Europe Building Panels Market Overview
21.2. Eastern Europe Building Panels Market, Segmentation By Panel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Building Panels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Building Panels Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Building Panels Market

22.1. Russia Building Panels Market, Segmentation By Panel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Building Panels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Building Panels Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Building Panels Market

23.1. North America Building Panels Market Overview
23.2. North America Building Panels Market, Segmentation By Panel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Building Panels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Building Panels Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Building Panels Market

24.1. USA Building Panels Market Overview
24.2. USA Building Panels Market, Segmentation By Panel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Building Panels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Building Panels Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Building Panels Market

25.1. Canada Building Panels Market Overview
25.2. Canada Building Panels Market, Segmentation By Panel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Building Panels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Building Panels Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Building Panels Market

26.1. South America Building Panels Market Overview
26.2. South America Building Panels Market, Segmentation By Panel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Building Panels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Building Panels Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Building Panels Market

27.1. Brazil Building Panels Market, Segmentation By Panel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Building Panels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Building Panels Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Building Panels Market

28.1. Middle East Building Panels Market Overview
28.2. Middle East Building Panels Market, Segmentation By Panel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Building Panels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Building Panels Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Building Panels Market

29.1. Africa Building Panels Market Overview
29.2. Africa Building Panels Market, Segmentation By Panel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Building Panels Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Building Panels Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Building Panels Market Competitive Landscape And Company Profiles

30.1. Building Panels Market Competitive Landscape
30.2. Building Panels Market Company Profiles
- 30.2.1. Panasonic Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Compagnie de Saint-Gobain SA
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Nippon Steel & Sumitomo Metal Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. CRH plc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. BMC Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Building Panels Market Competitive Benchmarking

32. Global Building Panels Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Building Panels Market

34. Building Panels Market Future Outlook and Potential Analysis

34.1 Building Panels Market In 2028 - Countries Offering Most New Opportunities
34.2 Building Panels Market In 2028 - Segments Offering Most New Opportunities
34.3 Building Panels Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer