Building Panels (Residential & Non-Residential) Market Rising at a CAGR of 6.21% to 2021

The global market for building panels is to grow from USD 170.83 billion in 2016 to reach USD 230.93 billion by 2021, at an estimated CAGR of 6.21% led by concrete panels segment that is projected to accounted for the largest market share.

The global market for building panels is projected to grow from USD 170.83 billion in 2016 to reach USD 230.93 billion by 2021, at an estimated CAGR of 6.21%. Rapid increases in urban population require faster and cheaper construction of buildings and facilities without compromising on the quality. Also, there has been a gradual shift in both builders’ and consumers’ choice from traditional construction methods to sustainable infrastructure. Building panels is not only effective in terms of the cost associated with it, but can also withstand the impact of any natural calamities such as earthquake and storms.

Complete report on global market for building panels spread across 187 pages, profiling 10 companies and supported with 76 tables and 79 figures is now available at .

The concrete panels segment is projected to be the largest market in the next five years. The demand from the concrete panels sector is expected to experience a higher growth rate, mainly because of the growing demand for prefabricated/modular construction. Installation of prefabricated/modular building panels saves time and labor as it eliminates the need to perform individual operations of framing, sheathing, and insulating stick-framed walls.

The Asia-Pacific region is projected to be the fastest-growing market during the forecast period, followed by Europe, from 2016 to 2021. In Asia-Pacific, China is the largest consumer for building panels, followed by Japan. The success of China’s construction industry is closely linked to the growing domestic urbanization efforts and the country is developing economy which will drive the building panels market. Japan’s expertise in technology and innovations, and the growing demand for new construction projects would influence the building panels market in the Asia-Pacific region.

The various suppliers of building panels and related products in the report such as Panasonic Corporation (Japan), Saint-Gobain (France), Nippon Steel & Sumitomo Metal Corporation (Japan) , CRH plc (Ireland), Lafarge (France), Evonik Industries AG (Germany), Huntsman International LLC. (U.S.), Dow Corning Corporation (U.S.), Fletcher Building Limited (New Zealand) and Boral Limited (Australia).

Inquire for the discount before order a copy of Building Panels Market by Type (Concrete Panels, VIP, SIP, Wood Panel), Raw Material (Concrete, Plastic, Metal, Wood, Silica), End Use (Floors & Roofs, Walls, Columns & Beams, Staircase), Application (Residential & Non-Residential) - Forecast to 2021 research report at .

To determine the market size of various segments and sub-segments of the PIM market, extensive secondary research is done. In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (26%), Tier 2 (35%) and Tier 3 (39%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level Executives (22%) and Manager Level (78%) from various key organizations operating in the global building panels market. The primary interviews were conducted worldwide covering regions such as North America (10%), APAC (45%), Europe (23%) and RoW 22%).

On a related note, another research on 3D Concrete Printing Market By Product Type, Concrete, Software, End-Use Sector and Region Forecast to 2021 says, he global 3D concrete printing market size is projected to grow from USD 24.5 million in 2016 to reach USD 56.4 million by 2021; at a projected CAGR of 15.02%. Increasing focus on less waste generation and green technology buildings is to drive the 3D concrete printing market. Domestic sector projected to grow at the highest rate during the forecast period. Europe is projected to dominate the 3D concrete printing market in 2021. Companies like DUS Architects, Fosters + Partners, WinSun Global, Sika, LafargeHolcim, Balfour Beatty, CRH Plc, Kier Group Plc, Heidelberg Cement AG and Carillion Plc have been profiled in this 193 pages research report available at .

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