Building Panels Market Expansion 2024-2033: Growth Drivers and Dynamics

The building panels global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Building Panels Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –
The building panels market size has grown strongly in recent years. It will grow from <b>$216.24 billion in 2023 to $230.28 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. </b> The growth in the historic period can be attributed to market competition and innovation, consumer preferences for prefabricated homes, government incentives and grants, residential construction growth.

The building panels market size is expected to see strong growth in the next few years. It will grow to <b>$299.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. </b> The growth in the forecast period can be attributed to sustainable construction practices, urbanization and population growth, stringent building regulations, energy efficiency concerns, cost-effectiveness. Major trends in the forecast period include green building materials, modular construction, urbanization and population density, stringent building codes, stringent building codes.

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Scope Of Building Panels Market
The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Building Panels Market Overview

Market Drivers –
The increase in construction activities is expected to propel the building panels market forward. Construction involves the action of building large structures by putting together materials. Building panel market expansion is aided by rising construction activity for both residential and non-residential structures. For instance, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development’s new residential construction data, in 2021, approximately 1,337,800 new residential housing construction units were built, a 4% increase from 2020. Therefore, the increasing construction activities will drive the building panels’ market growth.

Market Trends –
Technological advancement is the key trend in the building panels market. Major companies operating in this market are focused on developing innovative technologies to strengthen their market position. For instance, in June 2021, Magicrete Building Solutions, an India-based producer of building materials introduced green construction materials, MagicLite ALC Wall Panels with autoclaved lightweight concrete panel technology that offers high-quality and durable construction in the shortest time possible. These are added with corrosion-protected steel, making it a lightweight outstanding and resulting in sound insulation, suppressing the outside noise.

The building panels market covered in this report is segmented –

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

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Regional Insights –
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.

Key Companies –
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, The Dow Chemical Company

Table of Contents

1. Executive Summary
2. Building Panels Market Report Structure
3. Building Panels Market Trends And Strategies
4. Building Panels Market – Macro Economic Scenario
5. Global Building Panels Market Size and Growth
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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
35. Appendix

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