Building Panels Market, Know the Latest Innovations and Trends to 2032
In the quest for sustainable and efficient construction practices, building panels have emerged as a game-changer in the construction industry. These versatile prefabricated components offer numerous advantages over traditional construction methods, including reduced construction time, improved energy efficiency, and enhanced durability. This article explores the burgeoning market for building panels market highlighting their benefits, applications, and the factors driving their increasing adoption. Building panels market is expected to grow USD 2,18,492.20 million at a CAGR 6.70% during the forecast period. Advantages of Building Panels : Building panels, also known as structural insulated panels (SIPs), are fabricated off-site and delivered to the construction site, ready for installation. These panels consist of a core material, such as expanded polystyrene (EPS) or Spray Polyurethane Foam (PUR), sandwiched between two layers of rigid materials like oriented strand board (OSB).