A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Building
Panels Market.
The study, titled “Building
Panels Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2016 - 2023”,
is available for sale on the firm’s website.
Global
Building Panels Market: Overview
Building
panels can come in various types and dimensions; however, their core
aim is the same. Building panels are used to build the external and
internal features of a building. These can additionally be used to
insulate the interiors of a structure using specific panel types.
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The
major types of panels used in the global building panels market are
wood, concrete, structural insulated, and vacuum insulated panels.
Each type is usually created with a few standard measurements in
consideration. For instance, structural insulated panels (SIPs) in
the U.S. are usually between 1.22 meters and 7.32 meters in width.
Outside the U.S., typical SIPs come in widths of 1,200 mm, 600 mm, or
300 mm, with a length of up to 3000 mm. Roof SIPs can be as long as
6000 mm. Vacuum insulated panels provide high quality thermal
insulation using a strong core, which contains a gas-tight container
devoid of air. Thus, each type of panel in the global building panels
market has its own set of advantages and disadvantages. This means
builders typically need to select the panels according to need and
availability.
The
global building panels market has been analyzed using research
methodologies that estimate its market size in the next few years,
along with a forecast analysis for the same period. A rounded
approach is used to cover every aspect that affects the global
building panels market, major or minor. The market estimations and
statistics are presented with the help of industry experts who have
imparted their invaluable market-related opinions. The research
itself is based on the guidance and counselling of market experts,
along with the use of primary and secondary research processes.
Global
Building Panels Market: Key Trends and Opportunities
The
current boom in construction activities across the world is a major
driver of the global building panels market. This includes the
creation of new structures as well as renovation of old ones. Care is
being taken to make use of the best possible construction materials
and building panels in order to reduce power consumption of a
structure to maintain internal temperatures. Therefore, increasing
concerns regarding high consumption of power and fuel are
contributing to the growth of the global building panels market.
Increasingly
stringent government regulations over the usage of specific chemicals
and materials hampers the growth of the global building panels
market. A number of chemicals have been banned in certain countries
due to their toxic attributes. Therefore, market players have to
increase investment in research and development to discover safe and
economical alternatives.
Emerging
economies offer large opportunities in the global building panels
market. Most of these nations are witnessing a high rate of
construction activities. Each nation provides a major opportunity of
growth for regional as well as global players. These emerging
economies are also capable of purchasing premium construction
materials and products for the building of better structures. This is
likely to boost the scope of growth for global players.
Global
Building Panels Market: Region-wise Outlook
Regionally,
the global building panels market is showing a massive scope of
growth in Asia Pacific, particularly India and China. These nations
show a rapid rate of urbanization, opening up multiple avenues for
the construction of professional, industrial, and residential
structures. Demand for building panels is high in residential
construction projects.
Key
players in the global building panels market include BMC Stock
Holdings, Inc., Armstrong World Industries, Inc., Dow Corning
Corporation, Huntsman International LLC., Panasonic Corporation, and
Saint-Gobain.
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to view Sample Report:
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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