Global Building Panels Market: Key Highlights
Global Building Panels Market: Key Market Dynamics
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Global Building Panels Market: Regional Overview
North America, building panel market has anticipated propel the growth owing to the ongoing construction and renovation activities. According to US Census Bureau, in May 2020 USD 1,001,209 million was spent on private constructions. The infrastructure investment and smart city projects are contributing towards the growth of market. Additionally, the growing renovation activities of old buildings in the US have expected to surge the demand for product market in the region.
Owing to the rapid industrialization and urbanization have surged construction activities. This has attributed demand for building panel market in the region. According to the Institution of Civil Engineers (ICE), the global construction industry is expected to reach USD 8 trillion by 2030 which is driven by the construction in countries such as India, and China. Moreover, increasing population coupled with increasing disposable income has expected to drive growth of building panels.
Global Building Panels Market: Key Players Overview
BMC Stock Holdings, Inc. is a US-based company and is one of the leading provider of diversified products and services to builders, contractors, and professional remodelers. The company serves 45 metropolitan areas across 19 states, principally in the South and West regions. In August 2019, the company announced acquisition of Kingston Lumber, enhancing its customer base and service capabilities in the Pacific Northwest with an aim to expand its business the region.
Saint-Gobain is engaged in designing, manufacturing, and distributing materials & solutions. The company has strong global presence and operates in more than 68 countries across the globe. Saint-Gobain is one of the leader in providing sustainable housing solutions. The company operates through construction, building distribution, transport, general manufacturing & industry, and healthcare & life science business segments. CertainTeed, Gyproc, ISOVE, JWESON, and among others are some of the leading product brands of Saint-Gobain.
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