Building Panels

Global Building Panels Market to Reach US$260.7 Billion by 2030

The global market for Building Panels estimated at US$187.4 Billion in the year 2024, is expected to reach US$260.7 Billion by 2030, growing at a CAGR of 5.7% over the analysis period 2024-2030. Residential, one of the segments analyzed in the report, is expected to record a 5.9% CAGR and reach US$166.6 Billion by the end of the analysis period. Growth in the Non-Residential segment is estimated at 5.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$29.7 Billion While China is Forecast to Grow at 7.0% CAGR

The Building Panels market in the U.S. is estimated at US$29.7 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$67.2 Billion by the year 2030 trailing a CAGR of 7.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.9% and 4.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Global Building Panels Market - Key Trends & Drivers Summarized

Building panels are prefabricated structural components commonly used in the construction industry for walls, floors, roofs, and other architectural applications. These panels can be made from various materials, including concrete, wood, metals, and composites, tailored to meet specific structural, thermal, acoustic, and aesthetic requirements. The key advantage of building panels lies in their ability to provide quick and efficient construction solutions, as they are manufactured off-site and simply assembled or installed on-site. This method significantly reduces construction time, labor costs, and environmental impact associated with traditional construction practices. Additionally, building panels are designed to be durable, energy-efficient, and capable of providing enhanced insulation properties, which are critical factors in modern construction.

The market for building panels is experiencing a transformation driven by technological advancements and shifting industry preferences. Innovations in material science have led to the development of lighter, stronger, and more sustainable panel materials that improve the energy efficiency of buildings and extend their lifespan. For instance, insulated panels and structural insulated panels (SIPs) are increasingly favored in both residential and commercial construction for their superior insulation properties and strength-to-weight ratios. Furthermore, the adoption of modular and prefabricated construction methods is rising, spurred by a growing recognition of their benefits in terms of cost-effectiveness and reduced environmental footprint. These methods align well with contemporary demands for faster construction turnarounds and leaner, greener building techniques, propelling the use of building panels in new construction projects and renovations alike.

The growth in the building panels market is driven by several factors, including increased urbanization, stringent building regulations related to energy efficiency, and technological innovations in construction. As urban areas expand, the demand for rapid construction techniques that minimize disruption is crucial, and building panels meet this need effectively. Stringent global standards for energy efficiency in buildings compel the construction industry to adopt high-performance solutions like insulated building panels that help in reducing energy consumption and carbon emissions. Technologically, advancements in digital tools and fabrication methods allow for high precision in the production of customized panels, which facilitates their adoption in diverse architectural designs. Additionally, changing consumer behavior towards sustainable living and green building practices supports the demand for environmentally friendly building materials, further stimulating market growth. These factors collectively ensure sustained interest and investment in the development and refinement of building panels.

SCOPE OF STUDY:

The report analyzes the Building Panels market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Application (Residential, Non-Residential); End-Use (Floors & Roofs, Walls, Columns & Beams, Staircase)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 82 Featured) -

• Armstrong World Industries, Inc.
• Atlas Engineered Products Ltd.
• Arpa Industriale SpA
• Apex Steel Pty., Ltd.
• ABC Supply Co., Inc.
• Aluminum Coil Anodizing Corp. (ACA)
• Allied Steel Buildings, Inc.
• Advenira Enterprises, Inc.
• Atlas International Inc.
• Asc Profiles, Inc.
• AbTech, Inc
• Architectural Cladding Australia Pty Limited
• A.E. Concrete Precast Products Limited
• 3D Laminates Ltd
• AKW Medi-Care Ltd.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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