Building Panels Market Soars as Construction Industry Embraces Sustainable Solutions
Verfasser: ashwani_kailiya on Thursday, 1 June 2023Building panels are prefabricated components used to construct a building's walls, floors, and roofs. They are made of various materials such as wood, steel, concrete, and masonry. Building panels are lightweight, durable, and easy to transport, making them an appealing option for developers and builders. Building panels are becoming more popular as developers and builders recognize their low cost and quick installation. Building panels are becoming more popular in residential, commercial, and industrial construction because of their ability to quickly construct a variety of structures. They are also more energy efficient, soundproof, and fire resistant. The demand for building panels is expected to remain strong as the construction industry expands. According to MarketsandMarkets, the building panels market size is projected to grow from USD 170.83 Billion in 2016 to USD 230.93 Billion by 2021, at a CAGR of 6.21% from 2016 to 2021.
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