Report Description Table of Contents The building panels market was worth USD 170 billion in 2023 and will be worth USD 250 billion by 2030, growing at a CAGR of 5.5% during the forecast period. The Building Panels market is led by the growing use of high-performance and eco-friendly products that offer insulation solutions in residential and commercial sectors. Construction expenditures worldwide in calendar year 2023 were expected to exceed $12 trillion for structures, lest Application advances demand for precast and insulated sandwich panels that provide for accelerated construction time and improved thermal performance. The increase in population density in various regions, such as Asia-Pacific, as a result of increased urbanization and the need for housing has also helped in the growth of this market. One of the recent trends relates to using SIPs and precast concrete panels for insulation purposes and as materials in green building initiatives. For instance, some of the smart city projects in China have integrated energy-saving building panels for the purpose of a green environment and low-carbon cities. One of the most important trends driving the Building Panels market forward is the increasing popularity of construction that incorporates ecological principles such as green construction. By 2023, more than 40% of construction projects were dedicated to enhancing sustainability, which created immense opportunities for high-performance building panels such as structural insulated panels (SIPs) and green concrete panels. The other recent change has been to use recycled material in manufacturing the panels, cutting waste and emissions. For instance, during the current global campaigns for green buildings in Europe, new incentives have been introduced that are intended to encourage more developers to incorporate the use of prefabricated energy-efficient panels in residential and commercial buildings where this manufacturing trend can open prospects for new business. Market Segmentation By Type: Concrete Panels Structural Insulated Panels (SIPs) Precast Panels Wood Panels Metal Panels Vacuum Insulated Panels (VIPs) By Application: Residential Buildings Commercial Buildings Industrial Buildings Infrastructure (e.g., bridges, tunnels) By Raw Material: Concrete Wood Metal Plastics Fiber Cement Gypsum By End-use: Floors Walls Roofs Staircases By Region North America US Mexico Canada Rest of North America Europe Switzerland Russia France Germany U.K Finland Turkey Netherlands Belgium Spain Italy Rest of Europe Asia Pacific India China South Korea Japan Singapore Thailand Indonesia Malaysia Philippines Australia Rest of Asia-Pacific LAMEA Brazil Argentina Uruguay Saudi Arabia Rest of LAMEA Asia-Pacific is the most significant contributor to the Building Panels market due to continuous developments in infrastructure and urbanization, and an increased need for housing. Asia-Pacific is the dominating region in the Building Panels market, driven by rapid urbanization, infrastructure development, and the rising demand for affordable housing. In 2023, the region accounted for over 50% of global construction activities, with countries like China and India leading the charge. China's ambitious urban development projects, such as smart cities and prefabricated buildings, have significantly boosted the demand for building panels. A recent development includes China's push for prefabricated construction, with the government aiming for 30% of new buildings to use prefabrication methods by 2025. This trend is supported by building panels like structural insulated panels (SIPs) and precast concrete panels, which offer faster construction times, energy efficiency, and cost savings, solidifying Asia-Pacific's leadership in the market. Key Players Panasonic Corporation Saint-Gobain Kingspan Group Nippon Steel & Sumitomo Metal Corporation Armstrong World Industries, Inc. Evonik Industries AG BMC Stock Holdings, Inc. LafargeHolcim Mueller, Inc. Frequently Asked Question About This Report . Table of Contents 1. BUILDING PANELS MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030) 1.1. North America 1.2. Europe 1.3. Asia Pacific 1.4. Latin America 1.5. Middle East & Africa 2. BUILDING PANELS MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030) 2.1. North America 2.2. Europe 2.3. Asia Pacific 2.4. Latin America 2.5. Middle East & Africa 3. MARKET SHARE ANALYSIS – BUILDING PANELS MARKET 3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume 3.2. Market Share, 2023 3.3. Market By Type of Building Panels and End Use Outlook Analysis 4. HISTORIC TRENDS IN BUILDING PANELS MARKET 5. EMERGING MARKET TRENDS 6. NORTH AMERICA BUILDING PANELS MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 6.1. North America Building Panels Historical Market ($MILLION), (2017 – 2023) 6.2. North America Building Panels Market ($MILLION) and Forecasts (2024 – 2030) 6.3. North America Building Panels Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 6.3.1. Concrete Panels 6.3.2. Structural Insulated Panels (SIPs) 6.3.3. Precast Panels 6.3.4. Wood Panels 6.3.5. Metal Panels 6.3.6. Vacuum Insulated Panels (VIPs) 6.4. North America Building Panels Market Type ($MILLION), and Forecasts (2024 – 2030), By Raw Material 6.4.1. Concrete 6.4.2. Wood 6.4.3. Metal 6.4.4. Plastics 6.4.5. Fiber Cement 6.4.6. Gypsum 6.5. North America Building Panels Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 6.5.1. Residential Buildings 6.5.2. Commercial Buildings 6.5.3. Industrial Buildings 6.5.4. Infrastructure (e.g., bridges, tunnels) 6.6. North America Building Panels Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry 6.6.1. Floors 6.6.2. Walls 6.6.3. Roofs 6.6.4. Staircases 6.7. North America Building Panels Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 6.7.1. USA 6.7.2. Canada 6.7.3. Rest of North America 7. USA BUILDING PANELS MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8. EUROPE BUILDING PANELS MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8.1. Europe Building Panels Historical Market ($MILLION), (2017 – 2023) 8.2. Europe Building Panels Market ($MILLION) and Forecasts (2024 – 2030) 8.3. Europe Building Panels Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 8.4. Europe Building Panels Market Type ($MILLION), and Forecasts (2024 – 2030), By Raw Material 8.5. Europe Building Panels Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 8.6. Europe Building Panels Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry 8.7. Europe Building Panels Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 8.7.1. Germany 8.7.2. France 8.7.3. UK 8.7.4. Italy 8.7.5. Spain 8.7.6. Rest of Europe 9. APAC BUILDING PANELS MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 9.1. APAC Building Panels Historical Market ($MILLION), (2017 – 2023) 9.2. APAC Building Panels Market ($MILLION) and Forecasts (2024 – 2030) 9.3. APAC Building Panels Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 9.4. APAC Building Panels Market Type ($MILLION), and Forecasts (2024 – 2030), By Raw Material 9.5. APAC Building Panels Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 9.6. APAC Building Panels Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry 9.7. APAC Building Panels Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 9.7.1. China 9.7.2. Japan 9.7.3. South Korea 9.7.4. India 9.7.5. Australia 9.7.6. Rest of APAC 10. LATIN AMERICA BUILDING PANELS MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 10.1. Latin America Building Panels Historical Market ($MILLION), (2017 – 2023) 10.2. Latin America Building Panels Market ($MILLION) and Forecasts (2024 – 2030) 10.3. Latin America Building Panels Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 10.4. Latin America Building Panels Market Type ($MILLION), and Forecasts (2024 – 2030), By Raw Material 10.5. Latin America Building Panels Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 10.6. Latin America Building Panels Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry 10.7. Latin America Building Panels Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 10.7.1. Brazil 10.7.2. Argentina 10.7.3. Rest of Latin America 11. COMPANY PROFILES: 11.1. Panasonic Corporation 11.1.1. Company Overview 11.1.2. Company Snapshot 11.1.3. Operating business segments 11.1.4. Product offered and Revenue 11.1.5. Production & Sales 11.2. Saint-Gobain 11.3. Kingspan Group 11.4. Nippon Steel & Sumitomo Metal Corporation 11.5. Armstrong World Industries, Inc. 11.6. Evonik Industries AG 11.7. BMC Stock Holdings, Inc. 11.8. OTHER MARKET PLAYERS