Global Building Panels Materials Market 2017-2021
About Building Panel Materials
Building panels are used to construct the external and internal features of a building. Specific types of panels can be used to insulate the interior parts of a structure. They can be in the form of pre-fabricated concrete blocks or structural insulated panels (SIPs). The surge in global population is prompting for the increased demand in utility construction and supporting infrastructure.
Technavio’s analysts forecast the global building panel materials market to grow at a CAGR of 6.22% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global building panel materials market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Building Panel Materials Market 2017-2021
Technavio recognizes the following companies as the key players in the global building panel materials market: Evonik Industries, Huntsman, NIPPON STEEL & SUMITOMO METAL CORPORATION (NSSMC), Panasonic Corporation, and Saint-Gobain.
Other Prominent Vendors in the market are: Armstrong World Industries, ATAS International, Boral, CRH, Dow Corning, IMETCO, Kingspan, Lafarge, Mueller Industries, and Murus.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is use of industrial waste. In the present scenario, the waste generated from industries is a huge concern for health and environment and is a cause of land filling. Recycling of such wastes and using these materials in construction seem to be a good solution to the pollution problem and are also economical in construction.”
According to the report, one driver in the market is increase in demand for VIPs in emerging economies. The cold storage market (including refrigerated transportation and warehousing) in emerging economies such as India and China, the two most populous countries, is still in its developmental phases. India's tropical temperature also makes it one of the leading producers of food grains and food products worldwide.
Further, the report states that one challenge in the market is high costs: Restraining large-scale acceptance of VIPs. VIPs are costly as compared to conventional insulators, which restrain their use in large-scale applications such as construction. However, VIPs provide about 10 times better performance and payback in comparison with conventional expanded polystyrene (EPS) insulation. The higher cost of raw materials such as fumed silica is increasing the cost of VIPs.
Evonik Industries, Huntsman, NIPPON STEEL & SUMITOMO METAL CORPORATION (NSSMC), Panasonic Corporation, Saint-Gobain, Armstrong World Industries, ATAS International, Boral, CRH, Dow Corning, IMETCO, Kingspan, Lafarge, Mueller Industries, and Murus.
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