Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Building Panels Market: By Material Type, By Panel Type, Structural Insulated Panels, Wood Panels), By Application, By End User and Region Forecast 2019-2030
Building Panels Market size was valued at US$ 235.8 billion in 2024 and is poised to grow at a CAGR of 6.3% from 2025-2031. The global market provides a detailed overview of the Building Panels market and that can be segmented by material type, panel type, Application, and End User. By material type, The Building Panels market has been segmented into Concrete, Plastic, Metal, Wood, and Silica. The Concrete segment is likely to be the largest and fastest-growing segment in terms of type. Based on panel the Building Panel market is segmented into Concrete Admixtures Panels, Vacuum Insulated Panels (VIP), Structural Insulated Panels (SIP), and Wood Panels. Among these, the Concrete Panels segment is expected to have the fastest-growing market during the forecast period.
Based on Application, the Building Panels market is segmented into Floors & Roofs, Walls, Columns & Beams, and Staircases. The Floors & Roofs segment accounts for the largest share in 2021. Columns & Beams is the second-largest share during the forecast period. Based on the end-user has been segregated into Residential, Commercial, and Industrial. The Residential segment is expected to dominate other segments in the Building Panels market during the forecast period.
In August 2021, Nucor Corporation acquired CENTRIA and Melt-Span brands from Cornerstone Building Brands' insulated metal panels (IMP) business.
Study Period
2025-2031Base Year
2024CAGR
6.3%Largest Market
Asia-PacificFastest Growing Market
Europe
Rapid growth in construction industry, increase in disposable income, and development of advanced building panels are anticipated to propel the global building panels market over the forecast years
Report Benchmarks |
Details |
Report Study Period |
2025-2031 |
Market CAGR |
6.3% |
By Material Type |
|
By Panel Type |
|
By End User |
|
By Region |
|
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The global building panels market size was valued at US$ 235.8 billion in 2024 and is poised to grow at a CAGR of 6.3% from 2025-2031.
The major players in the global Building Panels market are Panasonic Corporation (Japan), Saint-Gobain (France), Nippon Steel & Sumitomo Metal Corporation (Japan), Nexii (Canada), CRH plc (Ireland), Lafarge (France), Evonik Industries AG (Germany), Huntsman International LLC. (U.S.), Dow Corning Corporation (U.S.), Fletcher Building Limited (New Zealand), Armstrong World Industries, Inc. (U.S.)
Asia-Pacific is the fastest-growing region for Building Panels Market
1. Executive Summary |
2. Global Building Panels Market Introduction |
2.1. Global Building Panels Market Taxonomy |
2.2. Global Building Panels Market Definitions |
2.2.1. By Material Type |
2.2.2. By Panel Type |
2.2.3. By Application |
2.2.4. By End User |
2.2.5. By Region |
3. Global Building Panels Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Building Panels Market Dynamic Factors - Impact Analysis |
3.6. Global Building Panels Market Competition Landscape |
4. Global Building Panels Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 |
4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Building Panels Market, By Material Type, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
5.1. Concrete |
5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Plastic |
5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Metal |
5.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Wood |
5.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Silica |
5.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
6. Global Building Panels Market, By Panel Type, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
6.1. Concrete Panels |
6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Vacuum Insulated Panels (VIP) |
6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Structural Insulated Panels (SIP) |
6.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Wood Panels |
6.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
7. Global Building Panels Market, By Application, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
7.1. Floors & Roofs |
7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Walls |
7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Columns & Beams |
7.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Staircases |
7.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
8. Global Building Panels Market, By End User, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
8.1. Residential |
8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Commercial |
8.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Industrial |
8.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
9. Global Building Panels Market Forecast, By Region, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
9.1. North America |
9.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia-Pacific |
9.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Latin America |
9.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Middle East and Africa |
9.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
9.6. Global Building Panels Market - Opportunity Analysis Index, By Material Type, By Panel Type, By Application, By End User, and Region, 2023 - 2029 |
10. North America Building Panels Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
10.1. Material Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Concrete |
10.1.2. Plastic |
10.1.3. Metal |
10.1.4. Wood |
10.1.5. Silica |
10.2. Panel Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.2.1. Concrete Panels |
10.2.2. Vacuum Insulated Panels (VIP) |
10.2.3. Structural Insulated Panels (SIP) |
10.2.4. Wood Panels |
10.3. Industry Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.3.1. Floors & Roofs |
10.3.2. Walls |
10.3.3. Columns & Beams |
10.3.4. Staircases |
10.4. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.4.1. Residential |
10.4.2. Commercial |
10.4.3. Industrial |
10.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
10.5.1. USA |
10.5.2. Canada |
10.6. North America Building Panels Market - Opportunity Analysis Index, By Material Type, Panel Type, By Application, By End User, and Country, 2023 - 2029 |
10.7. North America Building Panels Market Dynamics Trends |
11. Europe Building Panels Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
11.1. Material Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Concrete |
11.1.2. Plastic |
11.1.3. Metal |
11.1.4. Wood |
11.1.5. Silica |
11.2. Panel Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.2.1. Concrete Panels |
11.2.2. Vacuum Insulated Panels (VIP) |
11.2.3. Structural Insulated Panels (SIP) |
11.2.4. Wood Panels |
11.3. Industry Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.3.1. Floors & Roofs |
11.3.2. Walls |
11.3.3. Columns & Beams |
11.3.4. Staircases |
11.4. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.4.1. Residential |
11.4.2. Commercial |
11.4.3. Industrial |
11.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
11.5.1. Germany |
11.5.2. UK |
11.5.3. France |
11.5.4. Spain |
11.5.5. Italy |
11.5.6. Russia |
11.5.7. Rest of Europe |
11.6. Europe Building Panels Market - Opportunity Analysis Index, By Material Type, Panel Type, By Application, By End User, and Country, 2023 - 2029 |
11.7. Europe Building Panels Market Dynamics Trends |
12. Asia-Pacific Building Panels Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
12.1. Material Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Concrete |
12.1.2. Plastic |
12.1.3. Metal |
12.1.4. Wood |
12.1.5. Silica |
12.2. Panel Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.2.1. Concrete Panels |
12.2.2. Vacuum Insulated Panels (VIP) |
12.2.3. Structural Insulated Panels (SIP) |
12.2.4. Wood Panels |
12.3. Industry Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.3.1. Floors & Roofs |
12.3.2. Walls |
12.3.3. Columns & Beams |
12.3.4. Staircases |
12.4. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.4.1. Residential |
12.4.2. Commercial |
12.4.3. Industrial |
12.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
12.5.1. China |
12.5.2. India |
12.5.3. Japan |
12.5.4. ASEAN |
12.5.5. Australia & New Zealand |
12.5.6. Rest of Asia-Pacific |
12.6. Asia-Pacific Building Panels Market - Opportunity Analysis Index, By Material Type, Panel Type, By Application, By End User, and Country, 2023 - 2029 |
12.7. Asia-Pacific Building Panels Market Dynamics Trends |
13. Latin America Building Panels Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
13.1. Material Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.1.1. Concrete |
13.1.2. Plastic |
13.1.3. Metal |
13.1.4. Wood |
13.1.5. Silica |
13.2. Panel Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.2.1. Concrete Panels |
13.2.2. Vacuum Insulated Panels (VIP) |
13.2.3. Structural Insulated Panels (SIP) |
13.2.4. Wood Panels |
13.3. Industry Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.3.1. Floors & Roofs |
13.3.2. Walls |
13.3.3. Columns & Beams |
13.3.4. Staircases |
13.4. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.4.1. Residential |
13.4.2. Commercial |
13.4.3. Industrial |
13.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
13.5.1. Brazil |
13.5.2. Mexico |
13.5.3. Rest of Latin America |
13.6. Latin America Building Panels Market - Opportunity Analysis Index, By Material Type, Panel Type, By Application, By End User, and Country, 2023 - 2029 |
13.7. Latin America Building Panels Market Dynamics Trends |
14. Middle East and Africa Building Panels Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 ((Revenue, USD Mn) and Volume (Mn Sq.ft)) |
14.1. Material Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.1.1. Concrete |
14.1.2. Plastic |
14.1.3. Metal |
14.1.4. Wood |
14.1.5. Silica |
14.2. Panel Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.2.1. Concrete Panels |
14.2.2. Vacuum Insulated Panels (VIP) |
14.2.3. Structural Insulated Panels (SIP) |
14.2.4. Wood Panels |
14.3. Industry Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
14.3.1. Floors & Roofs |
14.3.2. Walls |
14.3.3. Columns & Beams |
14.3.4. Staircases |
14.4. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
14.4.1. Residential |
14.4.2. Commercial |
14.4.3. Industrial |
14.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
14.5.1. Gulf Cooperation Council (GCC) Countries |
14.5.2. South Africa |
14.5.3. Rest of MEA |
14.6. MEA Building Panels Market - Opportunity Analysis Index, By Material Type, Panel Type, By Application, By End User, and Country, 2023 - 2029 |
14.7. MEA Building Panels Market Dynamics Trends |
15. Competition Landscape |
15.1. Strategic Dashboard of Top Market Players |
15.2. Company Profiles (Introduction, Financial Analysis, Key Material Types, Key Developments, Strategies, and SWOT Analysis) |
15.2.1. Panasonic Corporation (Japan) |
15.2.2. Saint-Gobain (France) |
15.2.3. Nippon Steel & Sumitomo Metal Corporation (Japan) |
15.2.4. Nexii (Canada) |
15.2.5. CRH plc (Ireland) |
15.2.6. Lafarge (France) |
15.2.7. Evonik Industries AG (Germany) |
15.2.8. Huntsman International LLC. (U.S.) |
15.2.9. Dow Corning Corporation (U.S.) |
15.2.10. Fletcher Building Limited (New Zealand) |
15.2.11. Armstrong World Industries, Inc. (U.S.) |
16. Research Methodology |
17. Key Assumptions and Acronyms |
Key Market Players