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Building Panels - Global Market Trajectory & Analytics

  • ID: 4804703
  • Report
  • February 2022
  • Region: Global
  • 478 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Alubel SpA
  • Dow Inc.
  • Fletcher Building Limited
  • Lafarge
  • Marcegaglia SpA
  • Mueller Inc.

Global Building Panels Market to Reach US$208.4 Billion by the Year 2026


Made of concrete, building panels are witnessing high demand owing to their ability to expedite construction projects and enable structures with enhanced green credentials due to associated energy savings. Growth in the global market is set to be fueled by increasing construction activity post COVID-19 pandemic scenario, rising population, need for better housing solutions and strong focus on effective options to make energy-efficient buildings. The market will be bolstered by increasing demand from the residential and non-residential construction projects along with continuing advances in construction technology as well as precast, modular and prefabricated systems. In light of stringent enforcement of energy conservation and sustainability policies in various countries, builders are expected to actively pursue scientifically-validated green construction technologies, thereby giving a shot in the arm for prefabricated housing in the upcoming years. While rising demand for transportation facilities and new construction is favoring uptake of building panels, increasing population and disposable income in emerging nations are bound to create new growth opportunities. The market expansion is also expected to be facilitated by rising adoption of vacuum insulated panels due to concerns regarding inadequate warehousing units, infrastructure, logistic support and cold chains that are resulting in notable food wastage, mainly in emerging countries.

Amid the COVID-19 crisis, the global market for Building Panels estimated at US$153.3 Billion in the year 2020, is projected to reach a revised size of US$208.4 Billion by 2026, growing at a CAGR of 5.2% over the analysis period. Residential, one of the segments analyzed in the report, is projected to grow at a 5.5% CAGR to reach US$139.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Residential segment is readjusted to a revised 4.7% CAGR for the next 7-year period. This segment currently accounts for a 37.7% share of the global Building Panels market. The Residential segment dominates market share due to rapid urbanization and projected surge in residential construction activity. The segment`s future growth will be boosted by increasing population, low mortgage interest rates, fast regulatory approvals and expansion of the urban transport infrastructure.



The U.S. Market is Estimated at $26 Billion in 2021, While China is Forecast to Reach $51.2 Billion by 2026


The Building Panels market in the U.S. is estimated at US$26 Billion in the year 2021. The country currently accounts for a 16.36% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$51.2 Billion in the year 2026 trailing a CAGR of 6.7% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4% CAGR while Rest of European market (as defined in the study) will reach US$54.6 Billion by the end of the analysis period. Asia-Pacific holds a strong position in the building panels market due to increasing construction activities coupled with rising remodeling and renovation activity to extend the service life of building structures. Led by the US, North America accounts for a considerable share due to implementation of stringent regulations pertaining to environment and energy conservation. The regional market is estimated to experience a healthy growth due to increasing construction activities.

Select Competitors (Total 82 Featured) -

  • Alubel SpA
  • ArcelorMittal S.A.
  • Armstrong World Industries, Inc.
  • Boral Building Products, Inc.
  • Building Materials and Construction Solutions
  • Dow Inc.
  • Evonik Industries AG
  • Fletcher Building Limited
  • Huntsman International LLC.
  • Jiangsu Jingxue Insulation Technology Co. Ltd.
  • Kingspan Group
  • Lafarge
  • LG Hausys Ltd.
  • Marcegaglia SpA
  • Metecno Group
  • Mueller Inc.
  • Nippon Steel Corporation
  • Oldcastle Infrastructure Inc.
  • Owens Corning
  • Panasonic Corporation
  • PFB Corporation
  • Saint-Gobain
Frequently Asked Questions about the Global Market for Building Panels

What is the estimated value of the Global Market for Building Panels?

The Global Market for Building Panels was estimated to be valued at $153.3 Billion in 2020.

What is the growth rate of the Global Market for Building Panels?

The growth rate of the Global Market for Building Panels is 5.3%, with an estimated value of $208.4 Billion by 2026.

What is the forecasted size of the Global Market for Building Panels?

The Global Market for Building Panels is estimated to be worth $208.4 Billion by 2026.

Who are the key companies in the Global Market for Building Panels?

Key companies in the Global Market for Building Panels include Alubel SpA, ArcelorMittal S.A., Armstrong World Industries, Inc., Boral Building Products, Inc., Building Materials and Construction Solutions, Dow Inc., Evonik Industries AG, Fletcher Building Limited and Jiangsu Jingxue Insulation Technology Co. Ltd..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Alubel SpA
  • Dow Inc.
  • Fletcher Building Limited
  • Lafarge
  • Marcegaglia SpA
  • Mueller Inc.

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Building Panels - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Impact of COVID 19 on the Construction Industry
  • Pandemic Effect on the US Construction Industry
  • Building Panels: Enabling Energy-Efficient, Real Castles on Ground
  • Concrete Panels: Robust & Weather-Resistant Structural Components
  • Vacuum Insulated Panels (VIP)
  • Structural Insulated Panels (SIP)
  • Wood Panels: Enabling Standard & Specialized Applications
  • Building Panels Market to Scale Towering Heights with Anticipated Boom in Construction Activity
  • Analysis by Application
  • World Building Panels Market by Application (2021 & 2027): Percentage Breakdown of Sales for Residential and Non-Residential
  • Analysis by End-Use
  • World Building Panels Market by End-Use (2021 & 2027): Percentage Breakdown of Sales for Floors & Roofs, Walls, Columns & Beams, and Staircase
  • Regional Analysis
  • World Building Panels Market by Region: Percentage Breakdown of Sales for Developed and Developing Regions (2021 & 2027)
  • World Building Panels Market - Geographic Regions Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Canada, Europe, and Japan
  • Competitive Scenario
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Recovery in Global Construction Sector to Post Gains in Long Term
  • World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • Global Value of Megacity Construction Projects (US$ Billion) in 2019
  • Trends in the Construction Industry Influence Market Uptake
  • Building Renovations & Remodeling: Prominent Revenue Generating Vertical
  • Global Remodeling Market in US$ Trillion for the Years 2017, 2019, 2021, 2023 and 2025
  • Lucrative Opportunities in Emerging Economies
  • The ‘Green Construction’ Trend Augurs Well for the Panels Market
  • Green Buildings Market (2021): Percentage Share Breakdown of Revenues by Construction Sector
  • Global Energy Consumption by Sector (2019)
  • Leading Factors Fostering Future Uptake of Green Building Practices among Contractors in North America: Ranked by Order of Importance
  • Green Panelized Housing Benefits from the ‘Go Green’ Trend
  • Green & Energy-Efficient Building Activity Remains Tower of Strength for Structural Insulated Panel Market
  • Green Building & Cold Storage Applications Enable Structural Insulated Panel Market to Exhibit Decent Growth
  • Rising Global Population Propels Demand for Quick Solution to Affordable Housing
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Top Countries Worldwide in Terms of Population in Millions for the Years 1990, 2019 and 2050
  • Urbanization: Major Growth Driver
  • World Urban Population in Thousands: 1950-2050
  • Expansion in Middle Class Population Augurs Well for Future Growth
  • Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
  • Robust Gains across Residential & Non-Residential Construction
  • Non-Residential Sector Benefits from Building Panel Systems
  • Concrete and Structural Insulated Panels: Key Market Segments
  • Wide Spectrum of Applications Sets Strong Foundation for Vacuum Insulation Panels Market
  • Fiberglass Panels to Post Robust Volume Growth
  • Metal Roofing Systems Sense Robust Opportunities
  • Factors Adding Dynamism to the Market
  • Select Product Innovations and Trends Influencing the Market

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Building Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Overview
  • Projected Growth (%) of the US Construction Market over the Period 2016-2024 by Sector
  • Number of States Limiting the Construction Industry due to COVID-19 as of April 2020
  • US Construction Spending in US$ Billion: Jan 2012 - Jan 2021
  • Residential Construction: A Key End-Use Market for Building Panels
  • Key Indicators for US Residential Construction Market
  • NAHB/Wells Fargo Housing Market Index: April 2011-April 2021
  • New Privately-Owned Housing Units (in ‘000) Authorized in Permit-Issuing Places, and Completed (April 2020 to April 2021)
  • Non-Residential Segment: An Important End-use Sector
  • Total Construction Starts % Change in the US (Jan-July): 2019 Vs 2020
  • US Non Residential Buildings % Change: 2019 & 2020

CANADA

  • Market Overview
  • Housing Market in Canada (2010-2019): Breakdown of Number of Housing Starts in Thousands
  • Housing Starts in Canada in Units: Jan 2020-Oct 2020

JAPAN

  • Building Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Market Overview

CHINA

  • Building Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview
  • Urbanization Builds Positive Impact on Building Panels Market
  • Urbanization in China (2009-2019): Percentage Share of Total Population Living in Cities

EUROPE

  • Building Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview

FRANCE

  • Building Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Building Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Building Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Building Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Market Overview
  • Urbanization Rate in Asia-Pacific (2018-2048): Percentage Share of Total Population Living in Cities

AUSTRALIA

  • Building Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Building Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Building Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Building Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Building Panels Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 82
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Alubel SpA
  • ArcelorMittal S.A.
  • Armstrong World Industries, Inc.
  • Boral Building Products, Inc.
  • Building Materials and Construction Solutions
  • Dow Inc.
  • Evonik Industries AG
  • Fletcher Building Limited
  • Huntsman International LLC.
  • Jiangsu Jingxue Insulation Technology Co. Ltd.
  • Kingspan Group
  • Lafarge
  • LG Hausys Ltd.
  • Marcegaglia SpA
  • Metecno Group
  • Mueller Inc.
  • Nippon Steel Corporation
  • Oldcastle Infrastructure Inc.
  • Owens Corning
  • Panasonic Corporation
  • PFB Corporation
  • Saint-Gobain
Note: Product cover images may vary from those shown