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Building Panels Market Trends

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

Building Panels Market Trends

Governments and NGOs in developing countries are investing in affordable housing schemes, where cost-efficient construction methods like building panels are preferred. Many cities in developed countries are undergoing urban redevelopment, creating demand for innovative and efficient construction materials. The expanding retail, hospitality, and corporate sectors, especially in emerging markets, require fast and aesthetically pleasing construction solutions, driving the use of building panels.
 

Building panels with thermal and weather-resistant properties are in high demand to protect buildings from extreme heat, cold, and precipitation. Panels with fire-resistant properties are increasingly used in regions prone to wildfires or with stringent fire safety regulations. Governments are mandating the use of high-quality materials that ensure structural integrity and energy efficiency, favouring advanced building panels.

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.

Building Panels Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 13
  • Tables & Figures: 180
  • Countries covered: 18
  • Pages: 220
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