The Worldwide Building Panels Industry is Expected to Reach $208.4 Billion by 2026 - ResearchAndMarkets.com
Amid the COVID-19 crisis, the global market for Building Panels estimated at US$153.3 Billion in the year 2020, is projected to reach a revised size of US$208.4 Billion by 2026, growing at a CAGR of 5.2% over the analysis period.
The "Building Panels - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Building Panels estimated at US$153.3 Billion in the year 2020, is projected to reach a revised size of US$208.4 Billion by 2026, growing at a CAGR of 5.2% over the analysis period.
Residential, one of the segments analyzed in the report, is projected to grow at a 5.5% CAGR to reach US$139.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Residential segment is readjusted to a revised 4.7% CAGR for the next 7-year period. This segment currently accounts for a 37.7% share of the global Building Panels market.
The Building Panels market in the U.S. is estimated at US$26 Billion in the year 2021. The country currently accounts for a 16.36% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$51.2 Billion in the year 2026 trailing a CAGR of 6.7% through the analysis period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4% CAGR while Rest of European market (as defined in the study) will reach US$54.6 Billion by the end of the analysis period.
Asia-Pacific holds a strong position in the building panels market due to increasing construction activities coupled with rising remodeling and renovation activity to extend the service life of building structures. Led by the US, North America accounts for a considerable share due to implementation of stringent regulations pertaining to environment and energy conservation. The regional market is estimated to experience a healthy growth due to increasing construction activities.
Select Competitors (Total 82 Featured):
- Alubel SpA
- ArcelorMittal S.A.
- Armstrong World Industries, Inc.
- Boral Building Products, Inc.
- Building Materials and Construction Solutions
- Dow Inc.
- Evonik Industries AG
- Fletcher Building Limited
- Huntsman International LLC.
- Jiangsu Jingxue Insulation Technology Co. Ltd.
- Kingspan Group
- Lafarge
- LG Hausys Ltd.
- Marcegaglia SpA
- Metecno Group
- Mueller Inc.
- Nippon Steel Corporation
- Oldcastle Infrastructure Inc.
- Owens Corning
- Panasonic Corporation
- PFB Corporation
- Saint-Gobain
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
- As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
- Impact of COVID 19 on the Construction Industry
- Pandemic Effect on the US Construction Industry
- Building Panels: Enabling Energy-Efficient, Real Castles on Ground
- Concrete Panels: Robust & Weather-Resistant Structural Components
- Vacuum Insulated Panels (VIP)
- Structural Insulated Panels (SIP)
- Wood Panels: Enabling Standard & Specialized Applications
- Building Panels Market to Scale Towering Heights with Anticipated Boom in Construction Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Recovery in Global Construction Sector to Post Gains in Long Term
- Trends in the Construction Industry Influence Market Uptake
- Building Renovations & Remodeling: Prominent Revenue Generating Vertical
- Lucrative Opportunities in Emerging Economies
- The 'Green Construction' Trend Augurs Well for the Panels Market
- Leading Factors Fostering Future Uptake of Green Building Practices among Contractors in North America: Ranked by Order of Importance
- Green Panelized Housing Benefits from the 'Go Green' Trend
- Green & Energy-Efficient Building Activity Remains Tower of Strength for Structural Insulated Panel Market
- Green Building & Cold Storage Applications Enable Structural Insulated Panel Market to Exhibit Decent Growth
- Rising Global Population Propels Demand for Quick Solution to Affordable Housing
- Urbanization: Major Growth Driver
- Expansion in Middle Class Population Augurs Well for Future Growth
- Robust Gains across Residential & Non-Residential Construction
- Non-Residential Sector Benefits from Building Panel Systems
- Concrete and Structural Insulated Panels: Key Market Segments
- Wide Spectrum of Applications Sets Strong Foundation for Vacuum Insulation Panels Market
- Fiberglass Panels to Post Robust Volume Growth
- Metal Roofing Systems Sense Robust Opportunities
- Factors Adding Dynamism to the Market
- Select Product Innovations and Trends Influencing the Market
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/8fly7b.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220118006009/en/