Global Building Panels Market Overview:
Building panels are referred to as a building in structural insulated panels or concrete blocks as pre-fabricated concrete which is used to build the internal and external features of the building. With an increasing population, there is a surge in activities of construction in the segment of public utility. Which is ultimately driving the market of building panels. Also some of the key drivers like reduced power, reduced time consumption and less need of labor, are also helping in growing the market. However, some of the strict regulations by a government on the use of certain chemicals is hampering the market growth of building panels. Building panels are effective in terms of related cost with it and can withstand the impact of any calamities which are natural such as earthquake and storms. Building panels are majorly used to construct the internal and external features of the building. There are some specific types of panels that can be used to insulate interior parts of the structure Some of the key players profiled in the study are Panasonic Corporation (Japan), Saint-Gobain (France), Nippon Steel & Sumitomo Metal Corporation (Japan), CRH plc (Ireland), Lafarge (France), Evonik Industries AG (Germany), Huntsman International LLC. (United States), Dow Corning Corporation (United States), Fletcher Building Limited (New Zealand) and Boral Limited (Australia). According to Market Analyst at AMA, the Global Building Panels market may see a growth rate of 6.3%
On the basis of geography, the market of Building Panels has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End use, the sub-segment i.e. Floors & Roofs will boost the Building Panels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Concrete will boost the Building Panels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rapid Urbanization Resulting in the Growth of the Construction Industry
- Need for Quality Construction at Lower Cost
- Rise in New Construction Projects and Increased Investment on Infrastructure & Commercial Constructions
- Economic Downturn in Some Regions May Result Into Low Demand for Building Panels
- Reduced Environmental Impact By Insulating Building Panels
- Increasingly Stringent Building Regulations
Major Market Developments:
XFLAM insulation panels from the Askin Performance Panels were used to build freezers and cool rooms for PFD Food Services' new distribution center in Knoxville, East Melbourne. Askin manufactured and installed 38,500 square meters of XFLAM insulated panels with Vaughan Constructions throughout the 25,500-square-metre office, refrigerated warehouse and distribution space
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies
Manufacturers of Building Panels, Architects & engineers, End consumers, Raw material suppliers, Traders, Distributors, and Suppliers, Industry associations and experts, Research organizations and consulting companies., Research Institutes, Industry associations and Market research and consulting firm
Major Objectives Focused through this Study
To define, describe, and forecast the Global Building Panels market on the basis of product [Concrete panels, Vacuum insulated panels (VIP), Structural insulated panels (SIP) and Wood panels] , application [Residential, Commercial and Other], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Building Panels market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Building Panels industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Askin (Australia), Armstrong World Industries (United States), BMC Stock Holdings (United States) and Atas International (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Building Panels market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.