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Building Panels Market Share

Report ID: GMI12550
Published Date: Dec 2024
Report Format: PDF

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Building Panels Market Share

In 2023, key companies like Owens Corning, Huntsman, Kingspan, Lafarge, Melt-span, etc. held a combined market share of 5-10%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.

Companies are heavily investing in research and development to develop advanced building panels that align with the changing and evolving industry’s needs and preferences. Competitive strategies frequently center on product differentiation, where manufacturers augment their offerings with distinctive features, and geographic expansion to penetrate emerging markets. In this dynamic environment, companies that adeptly innovate and respond to market trends are poised for the most significant growth.

Building Panels Market Companies

Major players operating in the building panels industry are:

Boral
CRH
Dow
Evonik Industries
Fletcher Building
Huntsman
Kingspan
Lafarge
Metl-Span
Nippon Steel Coated Sheet Corporation
Owens corning
Panasonic Corporation
Saint-Gobain

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The global market size for building panels was valued at approximately USD 66.3 billion in 2023 and is expected to reach around USD 126.3 billion by 2032, driven by a CAGR of over 7.5% from 2024 to 2032.

Structural insulated panels held a market value of USD 23.4 billion in 2023, driven by their superior thermal insulation properties.

The U.S. market was valued at USD 13.2 billion in 2023 and is estimated to grow at a CAGR of over 7.9% from 2024 to 2032, driven by population growth and urbanization.

Major players in the industry include Boral, CRH, Dow, Evonik Industries, Fletcher Building, Huntsman, Kingspan, Lafarge, and Metl-Span.