The global prefinished Panels Market was valued at $31.6Billion in 2018 and is forecast to grow at a modest xx% CAGR between 2018 and 2025, culminating in 2025 global sales of $ XXBillion.
We are observing high adoption of prefinished panels over last 5 years for its low cost, high strength and durability. Prefinished panels have wider application in the areas of wall cladding, ceiling, roofing, and flooring applications.
Unpredictable raw material cost, uncertainty in economic conditions, and environmental hazards are factors responsible for impacting the global prefinished panels market price trend. Roof will remain the leading application of prefinished panels over 56% followed by walls. Within walls, insulating prefinished panels are in much demand compared to the decorative one.
“Optimal Price Point (OPP) for Prefinished Panels Products”
Estimated Average Prefinished Panelsproduct cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in the U.S., the Prefinished Panels products are available at USD xxxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
We have segmented the market by product categories as Hardwood Plywood, Softwood, Others. Hardwood Plywoodsare fastest moving product categories.
We are observing demand for plywood in an upward trend till 2019 and then remaining flat during the forecast period. Softwood comprises 31% of the total market in 2018 and will remain the most demand product category during the forecast period.
We have segmented the overall prefinished decorative woold panels market into Walls, Decorative Materials, Roofs, Floors, Otherscategories. Prefinished decorative wood panels are comprising 74% of the demand for Prefinished Panels amounts to USD xxx.11 billion in 2017. Expected to grow at a CAGR of 5.02%. Roofs comprises of USD XX billion and Floors USD xx.32 billion expected to grow at a healthy rate.
North America accounted for 31% of the market share in Prefinished Panels market followed by Europe (27%) and Middle East (16%). However, during the forecast period, North America market is expected to slow down whereas strong positive growth for Asia market. Large-scale construction work in China and India is going to propel the demand for this wall panels. Heavy investment in both rural and urban infrastructure and demand for modern offices in Asia Pacific is going to further drive the market. We are observing some strong demand in Brazil and Mexico in last few years.
Merger and Acquisition Insight
Favorable government initiatives, rise in need for reducing cost, increasing operational efficiency, and demand for lean operation is in rise. To bring efficiencies in their operation, companies are investing a lot in advanced research and development. These small specialized panel manufacturers with unique technology become attractive for acquisition by big player who can give an edge in sales due to their global reach and presence We have identified 4 major deals from 2014 to 2017.
Top Players & Company Share
The Prefinished Panels market is highly competitive and some of the key success factors include technology, pricing, and distribution channel. As of 2017, major players in the market include James Hardie, Timber Products, BIG River Group, Cemintel, Roseburg, Vitra Group, States Industries, Citadel Architectural Products, Columbia Forest Products and Others.
Prefinished Panels Market by Product Type (Revenue, USD Million, 2013- 2026)
- Hardwood Plywood
Prefinished Panels Market by Application(Revenue, USD Million, 2013 – 2026)
- Decorative Materials
Prefinished Panels Systems Regional Outlook (Revenue, USD Million, 2013- 2026)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
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