The building panels market is one of the fastest-growing sectors and serves most of the construction industries which include residential and non-residential such as commercial, infrastructure, and industrial. Building panels lessen delay in construction time, lower labor requirements, are cost-efficient, result in less wastage of materials as compared to site built construction, enable worker safety, and are environment-friendly. These advantages, along with factors such as rapid urbanization and industrialization drive the demand for building panels market. Increase in GDP of countries has enabled them to invest in new constructions and infrastructural development projects and also increased the per capita income of an individual, which in turn has resulted in the growing demand for new constructions, thus providing growth opportunities for the building panels market. MarketsandMarkets projects the global market for building panels to grow from USD 170.83 billion in 2016 to USD 230.93 billion by 2021, at a CAGR of 6.21% from 2016 to 2021.

Get PDF Brochure for Research Insights at: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=44495112

The floors & roofs segment is projected to be the largest market in 2021. The demand for building panels for floors and roofs is expected to experience a higher growth rate, mainly because of the growing demand from the residential and commercial sectors. The Asia-Pacific region is projected to be the fastest-growing market for the floors & roofs segment owing to its increasing emphasis on building construction activities.

The building panels market, by application, is classified into two segments, namely, residential and non-residential (commercial, industrial, and infrastructure). The residential sector constitutes the largest share of this market. The residential sector is projected to grow due to fast approvals, low-mortgage interest rates, population growth, and urban transport infrastructure developments. The continuously increasing population is a major factor that boosts the demand of residential sector for a large number of construction projects.

The growth of the building panels was largely influenced by new product launches and agreements, contracts, and collaborations in the past five years. The year 2015 experienced a large number of new product launches by top players in the market. Agreements, contracts, and collaborations also formed an essential part of their strategies, which led to the growth of the companies in emerging markets. Most players in the market hold long-term contracts with their clients for the supply of building panels to construction sites. Considerable investments were made in technology upgradations and servicing facilities across developed and emerging markets. The major players include companies 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).

Saint-Gobain (France) is the leading global building panels’ manufacturer. The company has maintained its leadership position through its strong distribution network across Europe, the Americas, and emerging markets. The company is among the leading manufacturers of products for many of the markets it serves. In September 2009, Saint-Gobain Gyproc India Ltd., a market leader in the construction space in India, launched “Ecophon” – a new range of acoustic solutions for ceilings and wall panels.

Get the Latest Version of the Report and ahead from Your Competitors: https://www.marketsandmarkets.com/RequestNewVersion.asp?id=44495112

Lafarge (France) is one of the world’s largest cement and building materials company. The company provides a range of cement and hydraulic binders, including Portland and masonry cements; and white cement, oil-well cements, road surfacing binders for specific building applications. In July 2015, Lafarge SA merged with Holcim, a Swiss-based supplier of cement and aggregates, and created Lafarge Holcim to strengthen its position in the building materials industry.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]