The building panels market size has grown strongly in recent years. It will grow from $240.75 billion in 2025 to $257.95 billion in 2026 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to rise in demand for modular construction, growth in precast concrete usage, adoption of insulated panels for energy savings, increased use of metal and silica panels, expansion of commercial building activity.
The building panels market size is expected to see strong growth in the next few years. It will grow to $339.91 billion in 2030 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to increasing shift toward sustainable building materials, rising adoption of vacuum insulated panels, growth in automated panel manufacturing, expansion of residential prefabrication, demand for faster and cost-efficient construction systems. Major trends in the forecast period include rising adoption of high-performance insulated panels, growth in use of lightweight and durable construction materials, increasing preference for precast and modular building components, expansion of building panels in residential and commercial applications, shift toward faster, cost-effective construction techniques.
The growth in construction activities is expected to drive the building panels market forward. Construction involves assembling materials to create large structures. The expansion of the building panel market is supported by the rising construction activity for both residential and non-residential buildings. Building panels provide numerous benefits that enhance efficient, cost-effective, and sustainable construction practices. For example, in July 2024, the US Census Bureau reported that the value of construction operations increased from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Therefore, the rising construction activities are poised to propel the growth of the building panels market.
Major companies in the building panel market are concentrating on developing innovative technologies, such as the Fronto V Black Panels, to strengthen their market position. The Fronto V Black Panels are a specific type of building panel tailored for architectural applications, particularly in exterior and interior wall systems. For example, in September 2024, Vox India, an Indian home furnishing company, introduced Fronto V Black Panels as a new addition to its Fronto series of exterior slat panels. These panels are designed for both façade and ceiling applications, providing a modern aesthetic while being resistant to mechanical damage and sunlight. Lightweight, waterproof, and requiring no maintenance, the Fronto V Black Panels serve as an ideal alternative to traditional wooden façades. Additionally, these panels utilize advanced thermal printing technology to mimic the appearance of natural wood, featuring a varied grain pattern that enhances their visual appeal.
In March 2024, Carlisle, a US-based manufacturing company, acquired MTL Holdings for $410 million. This acquisition is intended to strengthen Carlisle's position as a comprehensive provider of architectural metal products, especially within the commercial roofing sector. MTL Holdings is recognized as a US leader in performance-driven metal roof edge systems and commercial building panels.
Major companies operating in the building panels market 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, The Dow Chemical Company.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs on materials such as steel, silica, wood, and polymer-based components have raised production and procurement costs in the building panels market, significantly affecting precast concrete, metal panels, and structural insulated panels across North America, Europe, and Asia-Pacific. These cost pressures slow construction timelines, particularly in large-scale residential and commercial projects. However, tariffs have prompted manufacturers to localize supply chains, increase regional capacity, and explore alternative, sustainable materials that reduce long-term dependency on imports.
The building panel market research report is one of a series of new reports 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.
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.Asia-Pacific was the largest region in the building panels market in 2025. 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.
This product will be delivered within 1-3 business days.
The building panels market size is expected to see strong growth in the next few years. It will grow to $339.91 billion in 2030 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to increasing shift toward sustainable building materials, rising adoption of vacuum insulated panels, growth in automated panel manufacturing, expansion of residential prefabrication, demand for faster and cost-efficient construction systems. Major trends in the forecast period include rising adoption of high-performance insulated panels, growth in use of lightweight and durable construction materials, increasing preference for precast and modular building components, expansion of building panels in residential and commercial applications, shift toward faster, cost-effective construction techniques.
The growth in construction activities is expected to drive the building panels market forward. Construction involves assembling materials to create large structures. The expansion of the building panel market is supported by the rising construction activity for both residential and non-residential buildings. Building panels provide numerous benefits that enhance efficient, cost-effective, and sustainable construction practices. For example, in July 2024, the US Census Bureau reported that the value of construction operations increased from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Therefore, the rising construction activities are poised to propel the growth of the building panels market.
Major companies in the building panel market are concentrating on developing innovative technologies, such as the Fronto V Black Panels, to strengthen their market position. The Fronto V Black Panels are a specific type of building panel tailored for architectural applications, particularly in exterior and interior wall systems. For example, in September 2024, Vox India, an Indian home furnishing company, introduced Fronto V Black Panels as a new addition to its Fronto series of exterior slat panels. These panels are designed for both façade and ceiling applications, providing a modern aesthetic while being resistant to mechanical damage and sunlight. Lightweight, waterproof, and requiring no maintenance, the Fronto V Black Panels serve as an ideal alternative to traditional wooden façades. Additionally, these panels utilize advanced thermal printing technology to mimic the appearance of natural wood, featuring a varied grain pattern that enhances their visual appeal.
In March 2024, Carlisle, a US-based manufacturing company, acquired MTL Holdings for $410 million. This acquisition is intended to strengthen Carlisle's position as a comprehensive provider of architectural metal products, especially within the commercial roofing sector. MTL Holdings is recognized as a US leader in performance-driven metal roof edge systems and commercial building panels.
Major companies operating in the building panels market 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, The Dow Chemical Company.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs on materials such as steel, silica, wood, and polymer-based components have raised production and procurement costs in the building panels market, significantly affecting precast concrete, metal panels, and structural insulated panels across North America, Europe, and Asia-Pacific. These cost pressures slow construction timelines, particularly in large-scale residential and commercial projects. However, tariffs have prompted manufacturers to localize supply chains, increase regional capacity, and explore alternative, sustainable materials that reduce long-term dependency on imports.
The building panel market research report is one of a series of new reports 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.
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.Asia-Pacific was the largest region in the building panels market in 2025. 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.
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Building Panels Market Characteristics
3. Building Panels Market Supply Chain Analysis
4. Global Building Panels Market Trends and Strategies
5. Building Panels Market Analysis of End Use Industries
7. Global Building Panels Strategic Analysis Framework, Current Market Size, Market Comparisons and Growth Rate Analysis
8. Global Building Panels Total Addressable Market (TAM) Analysis for the Market
9. Building Panels Market Segmentation
10. Building Panels Market Regional and Country Analysis
11. Asia-Pacific Building Panels Market
12. China Building Panels Market
13. India Building Panels Market
14. Japan Building Panels Market
15. Australia Building Panels Market
16. Indonesia Building Panels Market
17. South Korea Building Panels Market
18. Taiwan Building Panels Market
19. South East Asia Building Panels Market
20. Western Europe Building Panels Market
21. UK Building Panels Market
22. Germany Building Panels Market
23. France Building Panels Market
24. Italy Building Panels Market
25. Spain Building Panels Market
26. Eastern Europe Building Panels Market
27. Russia Building Panels Market
28. North America Building Panels Market
29. USA Building Panels Market
30. Canada Building Panels Market
31. South America Building Panels Market
32. Brazil Building Panels Market
33. Middle East Building Panels Market
34. Africa Building Panels Market
36. Building Panels Market Competitive Landscape and Company Profiles
37. Building Panels Market Other Major and Innovative Companies
40. Building Panels Market High Potential Countries, Segments and Strategies
41. Appendix
Executive Summary
Building Panels Market Global Report 2026 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses 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.
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Description
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, including technological disruption, regulatory shifts, and changing consumer preferences? The building panels market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
- The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
- The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
- The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
- The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
- Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.
Scope
Markets Covered:
1) By Panel Type: Precast Concrete Panels; Vacuum Insulated Panels; Structural Insulated Panels (SIP); Wood-Based Panels; Other Panel Type2) 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
Subsegments:
1)By Precast Concrete Panels: Solid Precast Panels; Insulated Precast Panels2) By Vacuum Insulated Panels: Standard Vacuum Panels; Custom Vacuum Panels
3) By Structural Insulated Panels (SIP): EPS (Expanded Polystyrene) SIPs; XPS (Extruded Polystyrene) SIPs
4) By Wood-Based Panels: Plywood Panels; Particleboard Panels
5) By Other Panel Type: Fiber Cement Panels; Metal Panels
Companies Mentioned: 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; The Dow Chemical Company
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
Regions: Asia-Pacific; South East Asia; 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 Segmentation: 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: Word, PDF or Interactive Report + Excel Dashboard
Added Benefits:
- Bi-Annual Data Update
- Customisation
- Expert Consultant Support
Companies Mentioned
The companies featured in this Building Panels market report include:- 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
- The Dow Chemical Company
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | January 2026 |
| Forecast Period | 2026 - 2030 |
| Estimated Market Value ( USD | $ 257.95 Billion |
| Forecasted Market Value ( USD | $ 339.91 Billion |
| Compound Annual Growth Rate | 7.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 33 |
