Global Building Panels Materials Market 2017-2021

Overview of the global building panels materials market

Market research analysts at Technavio predict that the global building panels materials market will grow at a CAGR of more than 6% by 2021. This market research analysis identifies the increase in demand for VIPs in emerging economies as one of the primary growth factors for this market. Demand for vacuum insulated panels (VIPs) has increased due to challenges such as lack of proper warehousing facilities, lack of proper infrastructure, minimal logistic support, limited presence of service providers, and the lack of skilled workers faced by cold chain vendors that lead to the wastage of food products especially in the emerging countries. The steady growth of the organized retail sector has influenced advancements in cold chain facilities to prevent the wastage of food. This demands the need for increasing the capacity of refrigerated warehouses, which will in turn, influence the growth of this global market.

One of the major trends that will gain traction in the building panel materials market in the coming years is the use of industrial waste. The use of industrial wastes reduces the cost of construction and is eco-friendly. Waste paper pulp can be used to replace cement in the concrete mixer and industrial wastes can be used to create decorative wall panels. Wall panels created using ecofriendly materials such as sawdust, tire shreds, waste papers, cardboards, and styrofoam are cost-effective and requires less labor.  Additionally, these materials are lightweight and they can be easily integrated with the other materials.

Competitive landscape and key vendors

The market is highly competitive and consists of numerous established international and regional players.  Players in this marketspace have a wide geographical presence and huge production and manufacturing facilities across the globe. The vendors concentrate on expanding their geographical presence through M&As or joint ventures or by introducing new technologies and ideas to compete with the other market players. The new players entering the market offer innovative products and services and provide a strong competition to the established vendors.

The leading vendors in the market are -

• Evonik Industries
• Huntsman
• Nippon Steel & Sumitomo Metal Corporation (NSSMC)
• Panasonic Corporation
• Saint-Gobain

The other prominent vendors in the market are Armstrong World Industries, ATAS International, Boral, CRH, Dow Corning, IMETCO, Kingspan, Lafarge, Mueller Industries, and Murus.

Segmentation by product type and analysis of the building panels materials market

• Concrete
• Wood Panels
• Structural insulated panels (SIP)

The concrete panel segment will account for the major shares of the building panel materials market throughout the forecast period. Structural-architectural concrete panels are a cost-effective solution in construction activities as it is highly engineered and gives a rugged and durable surface for walls. Concrete panels are used widely for floors and roofs since they are pre-stressed, which makes them stronger than reinforced panels. Moreover, these panels are lightweight, easy to cut, and come in various shapes and sizes which make them suitable for various needs and requirements.

Segmentation by application and analysis of the building panels materials market

• Residential
• Nonresidential

According to this market research and analysis, the residential segment will account for the major shares of this market throughout the forecast period. The increasing population density, the rise in urbanization, and investments in residential projects, will be the major factors influencing the market's growth in this segment.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global building panels materials market?
• What are the key market trends impacting the growth of the global building panels materials market?
• What are the challenges to market growth?
• Who are the key vendors in the global building panels materials market?
• What are the market opportunities and threats faced by the vendors in the global building panels materials market?
• Trending factors influencing the market shares of the APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global building panels materials market?

Technavio also offers customization on reports based on specific client requirement.

This upcoming market research report on the building panel market is an integral part of Technavio's chemicals and materials portfolio and offers key insights into the market space for metals and minerals. Technavio's insightful market research reports also offer insights on the market size, forecast, trends, and industry analysis to help clients build effective growth strategies.

Additionally, by implementing an extensive research approach of quantitative and qualitative data collection methods and assessing the changing demand-supply landscape of the metals and minerals sector, the upcoming market research report on the building panel market offers insights into the key market drivers, trends, and eminent challenges that will influence the growth of the key suppliers in this market space. This upcoming market research report on the building panel market also covers vendors like Panasonic Corporation, Saint-Gobain, Nippon Steel & Sumitomo Metal Corporation, Lafarge, Dow Corning, and Evonik.

This market research report on the building panel market also takes into account the growth of related market like platinum group metals market, which is anticipated to post an impressive CAGR of over 3%, respectively during the forecast period. According to our analysts, the advantage of building panels to lessen delay in construction time and lower labor requirements are expected to influence the global market over the next few years. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the building panel market also covers geographies like the Americas, APAC, and ROW.

The upcoming industry report on the building panel market also offers insights into fast-growing segments within the chemicals and materials industry, including sectors like specialty chemicals and olefins. Additionally, the report also presents insights into the changing competitive landscape and gives clients a complete view of the future direction of the chemicals and materials industry.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.