MRFR Press Release/- Market Research Future published a raw research report on Building Panels market. The global Building Panels Market is expected to grow at a CAGR of about 3.8% during the forecast period, 2024 to 2032.

Market Highlights

The Building Panels Market was valued at USD 72.14 billion in 2022 and is on a steady growth path. Driven by rising demand in construction and infrastructure development, the market is expected to grow from USD 74.88 billion in 2023 to USD 104.75 billion by 2032. This represents a compound annual growth rate (CAGR) of approximately 3.8% during the forecast period from 2024 to 2032.

Building panels may refer to as buildings in a structural insulated panels or pre-fabricated concrete blocks. Building panels are used to build the external and internal features of a building. The surge in global population requires supporting infrastructure and utility construction. This is ultimately driving the building panels market. Also reduced power, less need of labor, and reduced time consumption are also drive the global building panel market. However strict government regulations on the use of certain chemicals hampers the growth of building panels market and is expected to register a significant growth of 6% in the next five years. 

 Asia Pacific region is a major shareholder of the building panels market and it is expected to grow at fastest pace during the forecast period.

Scope of the report

This study provides an overview of the Building Panels industry, tracking market segments across the categorized four geographic regions. The report provides a six-year forecast for the market size in terms of value for North America, Europe, Asia-Pacific, and rest of the World. The scope of the study segments the Building Panels market based on Panels Type, Materials, Application, & End Use.

Key Players

The leading players in the Building Panels markets are Panasonic Corporation, Saint-Gobain, CRH Plc., Lafarge, Evonik Industries AG, Huntsman International LLC., Dow Corning Corporation, Fletcher Building Limited, Atlas international and Boral Limited.

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