Building Panels Materials Market drivers of growth analyzed in a new research report

Drivers of Building Panels Materials Market growth including regional trends, factors driving multiple segments of Blended Fibres industry and companies vying for a pie of the market share and size are discussed at length in this new report by Global Market Insights, Inc.

Global Building Panels Materials Market size will witness considerable growth in the forecast period owing to increasing demand in construction industry. Rise scope in retail sector and commercial spaces are major driver for product demand. Growth in retail sector has increased at over 3.5% in 2016 as compared to 2015. Increase in residential and industrial infrastructure spending has enhanced its usage and will drive the industry growth.

Surge in global population has augmented building and supporting infrastructure construction. Trend of using industrial waste for manufacturing of panels has improved its demand. These are light in weight, economical and appropriate solution for land fill problems. Lower labour requirements and increasing purchasing power are expected to drive building panels materials market during forecast period.

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Reasons to Buy This Report:

  1. Building Panels Materials Market size & share forecast by product & application 2017-2024
  2.  Growth drivers, pitfalls & industry challenges
  3.  Key Building Panels Materials Market growth opportunities & emerging business models
  4.  Competitive benchmarking with market share analysis and company profiles

The differentiating factor of Building Panels Materials Market report by Global Market Insights, Inc. when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook.

It is extensively used in fabrication of building panels to enhance internal and external features in any infrastructure. It is light in weight and can easily be integrated with other construction ingredients.

Use of construction ingredients depends on its end use and may vary with different application as floor, walls and stair cases. Eco friendly substances include tire shreds, cardboards, sawdust, styrofoam and waste papers have emerged as cost effective solution and reduces labour requirement. The building panels materials cost is high as compared to tradition construction materials.

Based on product, building panels materials market is segmented into concrete, vacuum insulated, structural insulated and wood panels. Concrete type has major market share along with application in wall, roof and floor.

These are cost effective and provide rugged and durable surface. Roof and floor have major usage as it avoids unnecessary shuttering. Vacuum and structural insulated material will witness healthy growth with increase in energy efficient infrastructures.

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Asia Pacific has substantial share in global building panels materials market with emerging economies countries India and China. Rising disposable income and urbanization have enhanced the industry growth. Middle East and Africa has moderate share with advanced construction industries and presence of sky scrapers including Burj Kahlifa, Burj Al Arab, Rose Tower and Cayan Tower.

North America led by the U.S has significant share in building panels materials market owing to stringent government regulations for energy conservation and environment concern. Europe follows trend of North America with presence of well-established and flourishing automobile industry with big players such as Audi and Volkswagen that employ panels in showrooms. Further, European regulation as Energy Saving Regulation (EnEV) will support use of insulated panels in infrastructures.

Building panels materials market is quite fragmented with presence of both global and local players. Prominent players are Nippon Steel & Sumitomo metals, Saint Gobain, Huntsman, Panasonic and Evonik Industries. Other key players include Boral, CRH, DOW Corning, Kingspan, Armstrong World Industries, Lafarge, ATAS International and IMETCO. Companies including Huntsman and Evonik Indutries are working in forward integration to enhance their market share.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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