Dublin, December 30, 2020 (GLOBE NEWSWIRE) – Added Report “Building Panels – Global Market Trajectory & Analytics” ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Construction Panels is expected to reach US $ 196 Billion in the year 2020, a revised volume of US $ 276.7 Billion by 2027, growing at a CAGR of 5% over the study period 2020- 2027. Concrete Panels, one of the sectors examined in the report, is expected to record a CAGR of 4.9% and reach US $ 99.7 Billion by the end of the review period . Following an early study of the industrial impacts of the pandemic and the economic crisis it has caused, growth in the Vacuum Insulated Panels (VIP) sector has read to a revised CAGR of 5.1% for the next 7-years.
The US Construction Panels market is estimated at US $ 53.1 Billion in the year 2020. China, the second largest economy in the world, is expected to reach a projected market size of US $ 56.7 Billion by the year 2027 slows a CAGR of 7.7% over the analysis period 2020 to 2027. Other geographic markets include Japan and Canada, all expected to grow at 2.8% and 4.6% respectively over the year. period 2020-2027. Within Europe, Germany is expected to grow at around 3.2% CAGR.
In the global Structural Insulation Panels (SIP) sector, the US, Canada, Japan, China and Europe lead the CAGR of 4.9% estimated for this sector. Those regional markets that account for a unified market size of US $ 31 Billion in the year 2020 will reach a projected size of US $ 43.2 Billion by the end of the study period. China will remain among the fastest growing in this group of regional markets. Led by countries such as Australia, India, and South Korea, the Asia-Pacific market is expected to reach US $ 36.9 Billion by the year 2027, while Latin America will expand at a CAGR of 6.5% during the study period.
The report includes accurate insights into how the pandemic affected productivity and the purchasing side for 2020 and 2021. Short-term gradual recovery is also addressed by key geographies. .
Competitors identified in this market include, but are not limited to:
- Armstrong Global Industries, Inc.
- Atas International, Inc.
- BMC Stock Holdings, Inc.
- Boral Limited.
- CRH PLC
- DowDupont Inc.
- Evonik Business AG
- Fletcher Building Limited
- Huntsman International LLC
- Innovative Metals Company, Inc.
- Kingspan Group PLC
- Lafarge Precast Edmonton
- LG Hausys Limited.
- Mueller, Inc.
- Nippon Steel & Sumitomo Metal Corp
- OCI Co., Ltd.
- Corporal Panasonic
- Red Sea Housing Services
- Saint-Gobain
- Murus Company, Inc.
Key topics covered:
I. INTRODUCTION, METHODOLOGY & RANGE OF REPORT
II. SUMMARY
1. OVERVIEW
- Construction Panels: Prelude
- Global competitive market shares
- World Competitive Market Share Positioning Panels (in%): 2019 & 2025
- Covid-19 impact and global economic downturn
2. A WORD ON SELECT PLANS
3. MARKET RESULTS & DIFFERENCES
- Leading vendors in construction panels market
- Structural Insulation Panels are expected to grow strong in the market in the coming years
- Construction Industry to exhibit high growth in hollow insulation panel market
- Market segment by type
- Product sales market shares with companies
- Advantages and Disadvantages of Structural Insulation Panels (SIP)
- Advantages and Disadvantages of Vacuum Insulated Panel (VIP)
4. GLOBAL MARKET VIEW
III. MARKET ANALYSIS
ANALYSIS OF HUMAN MARKETS
IV. TABLE
For more information about this report, visit https://www.researchandmarkets.com/r/7i54ht
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