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Building Panels - Global Market Trajectory & Analytics

  • ID: 4804703
  • Report
  • April 2021
  • Region: Global
  • 382 pages
  • Global Industry Analysts, Inc
Global Building Panels Market to Reach $276.7 Billion by 2027

Amid the COVID-19 crisis, the global market for Building Panels estimated at US$196 Billion in the year 2020, is projected to reach a revised size of US$276.7 Billion by 2027, growing at a CAGR of 5% over the analysis period 2020-2027. Concrete Panels, one of the segments analyzed in the report, is projected to record a 4.9% CAGR and reach US$99.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Vacuum Insulated Panels (VIP) segment is readjusted to a revised 5.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $53.1 Billion, While China is Forecast to Grow at 7.8% CAGR

The Building Panels market in the U.S. is estimated at US$53.1 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$56.7 Billion by the year 2027 trailing a CAGR of 7.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.

Structural Insulated Panels (SIP) Segment to Record 5.3% CAGR

In the global Structural Insulated Panels (SIP) segment, USA, Canada, Japan, China and Europe will drive the 4.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$31 Billion in the year 2020 will reach a projected size of US$43.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$36.9 Billion by the year 2027, while Latin America will expand at a 6.5% CAGR through the analysis period.

Select Competitors (Total 46 Featured):
  • Armstrong World Industries, Inc.
  • Atas International, Inc.
  • BMC Stock Holdings, Inc.
  • Boral Ltd.
  • DowDupont Inc.
  • Evonik Industries AG
  • Fletcher Building Limited
  • Huntsman International LLC
  • Innovative Metals Company, Inc.
  • Kingspan Group PLC
  • Lafarge Precast Edmonton
  • LG Hausys Ltd.
  • Mueller, Inc.
  • Nippon Steel & Sumitomo Metal Corporation
  • OCI Co., Ltd.
  • Panasonic Corporation
  • Red Sea Housing Services
  • Saint-Gobain
  • The Murus Company, Inc.
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • World Market Trajectories
  • Building Panels: A Prelude
  • Impact of Covid-19 and a Looming Global Recession
  • Top Vendors in Building Panels Market
  • Structural Insulated Panels is expected to Strong Market Growth in Coming Years
  • Construction Industry to Show High Growth in Vacuum Insulation Panel Market
  • Market Share by Type
  • Product Sales Volume Market Shares by Companies
  • Advantages and Disadvantages of Structural Insulated Panels (SIP)
  • Advantages and Disadvantages of Vacuum Insulated Panel (VIP)
  • 13 Active Players in United States
  • 101 Active Players in Canada
  • 35 Active Players in Japan
  • 58 Active Players in China
  • 28 Active Players in France
  • 52 Active Players in Germany
  • 136 Active Players in Italy
  • 89 Active Players in United Kingdom
  • 40 Active Players in Spain
  • 13 Active Players in Russia
  • 13 Active Players in Rest of Europe
  • 202 Active Players in Australia
  • 18 Active Players in India
  • 15 Active Players in South Korea
  • 13 Active Players in Rest of Asia-Pacific
  • 13 Active Players in Argentina
  • 16 Active Players in Brazil
  • 13 Active Players in Mexico
  • 13 Active Players in Rest of Latin America
  • 13 Active Players in Iran
  • 18 Active Players in Israel
  • 13 Active Players in Saudi Arabia
  • 14 Active Players in United Arab Emirates
  • 13 Active Players in Rest of Middle East
  • 13 Active Players in Africa
  • Total Companies Profiled: 46
Note: Product cover images may vary from those shown