SAN FRANCISCO, April 26, 2023 /PRNewswire/ — Building and construction boards are expected to reach global market size $233.74 billion by 2030, registering CAGR of 5.7% from 2023 to 2030. The increasing spending in construction and construction industry by governments in important countries like USA, CanadaAnd China is expected to boost product demand.

Key industry insights and takeaways from the report:

• Metal sheets accounted for 35.7% of sales in 2022 due to the availability of a wide range of metal deposits and the high durability of metal components. Lead, aluminum tin, zinc, copper and iron and their alloys are among the metals used in building and structural sheet metal products; However, aluminum is the most commonly used metal due to its light weight and anti-corrosion properties.
• Roof applications were appreciated $36.04 billion for 2022, and demand is expected to be fueled by the increase in residential construction activity in developed nations as well as increasing product penetration in various applications. In contrast, flooring was the fastest growing application segment at a CAGR of 6.1% in terms of revenue during the forecast period, driven by increasing demand for aesthetic, superior and durable flooring solutions.
• Building and construction panels serve a variety of purposes including bonding, glazing, protection, insulation, and soundproofing and waterproofing. However, due to increasing demand for the product in various applications including roofing and windows and doors, protection accounted for the largest share of sales in 2022.
• Global spending on housing is outstripping spending on industry and commerce as demand for housing increases in both developing and industrialized countries. As a result, residential construction accounted for the largest market share in 2022 and is expected to register a CAGR of 6.2% during the forecast period.
• The distribution of building and construction boards via direct deliveries accounted for a large share of sales of over 77.4% for building and construction boards due to well-established distribution channels and logistic systems. Direct sales channels provide low-cost, mass-produced products for a wide range of application industries.
• The Asia Pacific the largest and fastest growing region due to rising spending on housing construction over the forecast period. The rapidly growing industry in Asia Pacific is characterized by an increasing population, rapid urbanization and strong economic growth, which is expected to propel the product market at a CAGR of 6.6% over the forecast period. Major manufacturers in the building and construction panels market include Paul Bauder GmbH & Co. KG, GAF Materials Corporation, Atlas Roofing Corporation, CertainTeed Corporation and Owens Corning Corp. These companies are involved in implementing strategic initiatives such as research and development and vertical integration to gain a competitive advantage.

Read Full Market Research Report “Building and Construction Boards Market Size, Share and Trends Analysis Report by Product (Bitumen, Rubber, Metal, Polymer), by Application (Flooring, Ceiling, Windows, Doors, HVAC), by End-Use, Forecasts by Region and Segments, 2023-2030,” published by Grand View Research.

Building and construction panels market growth and trends

The fast growing urbanization and industrialization are also driving the growth of building and construction panels market. Additionally, the increasing focus on the demands of industry and public infrastructure around the world is forecast to create potential demand over the forecast period. Economic development in rapidly developing countries including India, MexicoAnd Nigeria is set to further drive the growth of the building and construction panels market.

Governments and international non-profit organizations are continuously involved in the development of their respective areas and countries in terms of infrastructure development projects that can meet the demands of growing populations. Additionally, the increasing focus on limiting greenhouse gas (GHG) emissions in the building and construction industry is another factor that is expected to create demand in the near future.

Polymer sheets are used in a variety of applications in the building and construction industry including soundproof walls, greenhouses, window glazing and furniture. In addition, the growing trend of interior decoration and architecture is expected to boost demand for polymer sheets and their raw materials such as polyester, PVC, polyamide and polyurethane.

The building and construction panels market is segmented into residential, commercial and industrial panels based on end use. The market for metal sheets in residential air handling and ventilation systems is expected to grow due to the increasing demand for advanced heating, cooling and ventilation systems in modern buildings. In addition, increasing green building practices are increasing the demand for bio-based polymer panels in the residential sector.

North America expected to be driven by the growing residential and commercial real estate industries The United States, due to rising consumer confidence and low interest rates. In addition, the construction industry is one of the main culprits Canada And mexico annual GDP expected to drive the market during the forecast period.

Strict regulations for the mining and recycling of common materials such as metal and wood are expected to boost demand for bio-based polymers in building and construction applications. The growth of building and construction panels market is driven by the use of polymers in molded panels in FRP bridge sections, bridge bearings, flooring and cladding panels.

Market segmentation for building and construction panels

Grand View Research has segmented the global building and construction panels market based on product, application, function, end use, distribution channel and region

Building and Construction Boards Market – Product Outlook (Volume, million square meters; Revenue, million USD; 2018-2030)

• bitumen
• rubber
• metal
• polymer

Building and Construction Boards Market – Application Outlook (Volume, million square meters; Revenue, million USD; 2018-2030)

• flooring
• walls & ceiling
• Windows
• doors
• canopy
• building envelope
• electric
• HVAC
• installation

Building and Construction Boards Market – Feature Outlook (Volume, million square meters; Revenue, million USD; 2018-2030)

• Connection
• Protection
• insulation
• glazing
• waterproofness

Building and Construction Boards Market – End-Use Outlook (Volume, million square meters; Revenue, million USD; 2018-2030)

• residential
• Advertising
• Industrial

Building and Construction Boards Market – Distribution Channel Outlook (Volume, million square meters; Revenue, million USD; 2018-2030)

Building and Construction Panels Market – Regional Outlook (Volume, Million Square Feet; Revenue, Million USD; 2018-2030)

• North America
• Europe
• Asia Pacific
• Central & South America
• middle East & Africa

List of the major players of the Building and Construction Panels Market

• Paul Bauder GmbH & Co. KG
• GAF Materials Corporation
• Atlas Roofing Corporation
• CertainTeed Corporation
• Owens Corning Corp.
• Etex
• Fletcher Building Limited
• North American Roofing Services, Inc.
• Icopal ApS
• EURAMAX

Check out other related studies published by Grand View Research:

• steel reinforcement market It is expected to reach the global steel rebar market size $415.79 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.9% from 2022 to 2030. Increasing investments in infrastructure modernization projects and construction activities are expected to drive the market during the forecast period.
• Carbon Steel Tube Fittings Market – Expected to reach the global Carbon Steel Tube Fittings market size $10.39 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 4.7% from 2022 to 2030. Moderate oil and gas exploration activity along with increasing demand for petrochemical products are expected to support market growth.
• US steel reinforcement market – Expected to reach US steel rebar market size $9.28 billion to 2030, according to a new report by Grand View Research, Inc., at a CAGR of 5.5% over the forecast period. The rising investments in construction and infrastructure projects are expected to boost the demand for steel rebars in the country during the forecast period.

Browse Grand View Research’s industry research reports on advanced interior materials.

About Grand View Research

Grand View Research, a US-based market research and consulting firm, offers both syndicated and custom research reports and consulting services. Registered in California and headquarters in san francisco, the firm includes over 425 analysts and consultants who add more than 1200 market research reports to its extensive database each year. These reports provide in-depth analysis of 46 industries across 25 major countries worldwide. Using an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutions understand the global and regional business environment and assess the opportunities ahead.

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