Lucintel’s latest market report analyzed that building panel provides attractive opportunities in the commercial and residential sectors. The building panel market is expected to reach $250.5 billion by 2028 with a CAGR of 3%. In this market, concrete building panels is the largest segment by material type, whereas residential is largest by end use. Increasing use high pressure laminates (HPLs), growing adoption of gypsum panel, and increasing demand for structural insulated panels (SIPs) in construction provides strategic growth path in this market.
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Based on material type, the building panel market is segmented into concrete, plastic, metal, wood, and silica. The concrete building panels segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to consume much less time and effort for installation.
Browse in-depth TOC on “Building Panel Market”
105 – Tables
73 – Figures
214 – Pages
The Building Panel Market is marked by the presence of several big and small players. Some of the prominent players offering building panel include Panasonic Corporation, Saint-Gobain, Nippon Steel & Sumitomo Metal Corporation, CRH PLC, and Lafarge.
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