Wall Panels Market by Type (PU Insulation Panels and XPS Insulation Panels), Application (Commercial, Residential and Industrial), by Region (North America, Europe, Asia Pacific, South America, Middle East and Africa), Global Trends and Forecast from 2022 to 2029

Published on: Apr 2022
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Market Size	CAGR	Dominating Region
USD 21.47 billion	4.9%	North America

By Type	By Application	By Region
PU Insulation Panels XPS Insulation Panels	Commercial Residential Industrial	North America Europe Asia Pacific South America Middle East And Africa

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Wall Panels Market Overview

The global wall panels market size is estimated to be valued at USD 13.90 billion in 2020 and is projected to reach USD 21.47 billion by 2029, recording a CAGR of 4.9%.

Wall panels refer to prefabricated components used to cover walls in both residential and commercial construction. They are typically made from a variety of materials such as wood, metal, plastic, fiberglass, or composite materials. Wall panels serve several purposes, including providing insulation, enhancing aesthetics, dampening sound, and adding structural support to buildings. These panels come in various shapes, sizes, and designs, offering flexibility in terms of appearance and functionality. They can be installed vertically or horizontally, depending on the desired design effect. Wall panels are often used as an alternative to traditional wall construction methods such as plastering or drywall, offering quicker installation and often requiring less labor.

In recent years, wall panels have undergone a significant transformation in both design and functionality, reflecting broader interior design trends towards sustainability, versatility, and technology integration. Sustainable materials such as reclaimed wood, bamboo, and recycled plastics are increasingly popular choices, aligning with the growing emphasis on eco-conscious living. Additionally, there’s a surge in demand for modular panels that offer flexibility in arrangement and function, catering to diverse spatial needs. Technological advancements have also made their mark with the integration of smart features like LED lighting and interactive surfaces, enhancing both aesthetics and utility.

Wall Panels Market | Exactitude Consultancy

Regulatory frameworks governing wall panels typically encompass building codes and standards dictating material strength, fire resistance, and structural integrity. Fire safety regulations mandate flame spread ratings and smoke generation limits, while structural standards ensure panels can withstand loads and environmental stresses. Energy efficiency requirements may stipulate insulation levels, and environmental regulations might restrict certain materials. Product certification and testing are essential for verifying compliance, covering strength, fire resistance, and thermal performance. Occupational health and safety regulations address worker protection during manufacturing and installation. Consumer protection laws ensure product safety and provide recourse for defects.

Wall Panels Market Segment Analysis

In the wall panels market, the PU insulation panels segment has the highest share. Insulated panels made of polyurethane provide superior temperature resistance and are lightweight. Over the forecast period, rising demand for high-end commercial construction applications requiring higher insulation is expected to fuel demand for polyurethane-based insulated panels.

In 2020, the commercial category dominated the wall panels market, rising at a CAGR of 6.21 percent over the forecast period. Wall panels are commonly utilized in the business sector because they are lightweight and have excellent insulating characteristics, making them simple to install and use. Due to its easy and quick installation property, insulated metals panels are a low-cost and cost-effective alternative to other panels. Insulated metal panels are commonly utilized in the construction of walls and roofs in commercial buildings, cold storage buildings, and other structures.

Wall Panels Market Players

Market players focus on growth strategies, such as new product launches, collaborations, partnerships, operational expansion, mergers & acquisitions, and awareness campaigns. Companies operating the target market can focus on partnerships and collaborations, in order to develop advanced products which in turn create lucrative growth opportunities. Few of the important market players Atas International, Ceco Building System, Centria, Green Span Profile, Huntsman International LLC, Kingspan Insulated Panel, Mbci, Metl-Span, Nucor Building System and Star Building System.

Companies are mainly in the developing and they are competing closely with each other. Innovation is one of the most important and key strategy as it has to be for any market. However, companies in the market have also opted and successfully driven inorganic growth strategies like mergers & acquisition and so on.

In April 2019, – Kingspan is introducing three new roof panels which are KingSeam, KingRib 3 and KingRib 5. These new options are giving architects and specifiers additional options for easy-to-install, low-maintenance metal insulated roofing systems that offer superior thermal performance and a high level of fire protection.
In December 2021, the Riverside Company (“Riverside”) and PFB Corporation have announced the completion of the acquisition of PFB by an affiliate of Riverside. PFB Corporation will run the business with the same network under Riverside.

Who Should Buy? Or Key Stakeholders

Wall panels Companies
Research Organizations
Investors
Regulatory Authorities
Others

Key Takeaways

The global wall panels market size is estimated to recording a CAGR of 4.9%
In the wall panels market, the PU insulation panels segment has the highest share.
The commercial category dominated the wall panels market, rising at a CAGR of 6.21 percent over the forecast period.
North America dominated the wall panels market with a share of more than 38%.
The wall panels market trend is shifting towards sustainable and customizable solutions to meet the demand for eco-friendly and aesthetically pleasing interior designs.

Wall Panels Market Regional Analysis

The wall panels market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).

North America: includes US, Canada and Mexico
Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
South America: includes Brazil, Argentina and Rest of South America
Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA

The major share is expected to be occupied by Asia Pacific for global wall panels market during the forecast period. During the projection period, North America dominated the wall panels market with a share of more than 38%. Because of the availability of innovative construction technology, the United States accounts for a significant portion of the market in this region. Residential and commercial pipeline projects in the United States are expected to support product demand over the projection period. Early consumer demand for environmentally friendly, affordable housing systems in the United States is expected to drive demand for these products.

Key Market Segments: Wall Panels Market

Wall Panels Market by Type, 2020-2029, (USD Million) (Thousand Units)

PU Insulation Panels
XPS Insulation Panels

Wall Panels Market by Application, 2020-2029, (USD Million) (Thousand Units)

Commercial
Residential
Industrial

Wall Panels Market by Regions, 2020-2029, (USD Million) (Thousand Units)

North America
Europe
Asia Pacific
South America
Middle East And Africa

Important countries in all regions are covered

Key Question Answered

What is the current market size of this high growth market?
What is the overall growth rate?
What are the key growth areas, applications, end uses and types?
Key reasons for growth
Challenges for growth
Who are the important market players in this market?
What are the key strategies of these players?
What technological developments are happening in this area?

Introduction
1. Market Definition
2. Market Segmentation
3. Research Timelines
4. Assumptions And Limitations
Research Methodology
1. Data Mining
  1. Secondary Research
  2. Primary Research
  3. Subject-Matter Experts’ Advice
2. Quality Checks
  1. Final Review
3. Data Triangulation
  1. Bottom-Up Approach
  2. Top-Down Approach
  3. Research Flow
4. Data Sources
Executive Summary
Market Overview
1. Global Wall Panels Market Outlook
  1. Market Drivers
  2. Market Restraints
  3. Market Opportunities
2. Impact Of Covid-19 On Global Wall Panels Market
Global Wall Panels Market By Type, (USD Million) (Thousand units)
1. PU Insulation Panels
2. XPS Insulation Panels
Global Wall Panels Market By Application, (USD Million) (Thousand units)
1. Commercial
2. Residential
3. Industrial
Global Wall Panels Market By Region, (USD Million) (Thousand units)
1. Introduction
2. Asia-Pacific
  1. China
  2. India
  3. Japan
  4. South Korea
  5. Australia
  6. South-East Asia
  7. Rest Of Asia-Pacific
3. North America
  1. United States
  2. Canada
  3. Mexico
4. Europe
  1. Germany
  2. United Kingdom
  3. France
  4. Italy
  5. Spain
  6. Russia
  7. Rest Of Europe
5. South America
  1. Brazil
  2. Argentina
  3. Colombia
  4. Rest Of South America
6. Middle East And Africa
  1. UAE
  2. Saudi Arabia
  3. South Africa
  4. Rest Of Middle East And Africa
Company Profiles* (Business Overview, Company Snapshot, Types Offered, Recent Developments)
1. Atas International
2. Ceco Building System
3. Centria
4. Green Span Profile
5. Huntsman International Llc
6. Kingspan Insulated Panel
7. Mbci
8. Metl-Span
9. Nucor Building System
10. Star Building System

*The Company List Is Indicative

LIST OF TABLES

TABLE 1 GLOBAL WALL PANELS MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 2 GLOBAL WALL PANELS MARKET BY TYPE (THOUSAND UNITS), 2020-2029

TABLE 3 GLOBAL WALL PANELS MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 4 GLOBAL WALL PANELS MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029

TABLE 5 GLOBAL WALL PANELS MARKET BY REGION (USD MILLIONS), 2020-2029

TABLE 6 GLOBAL WALL PANELS MARKET BY REGION (THOUSAND UNITS), 2020-2029

TABLE 7 NORTH AMERICA WALL PANELS MARKET BY COUNTRY (USD MILLIONS), 2020-2029

TABLE 8 NORTH AMERICA WALL PANELS MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029

TABLE 9 US WALL PANELS MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 10 US WALL PANELS MARKET BY TYPE (THOUSAND UNITS), 2020-2029

TABLE 11 US WALL PANELS MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 12 US WALL PANELS MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029

TABLE 13 CANADA WALL PANELS MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 14 CANADA WALL PANELS MARKET BY TYPE (THOUSAND UNITS), 2020-2029

TABLE 15 CANADA WALL PANELS MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 16 CANADA WALL PANELS MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029

TABLE 17 MEXICO WALL PANELS MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 18 MEXICO WALL PANELS MARKET BY TYPE (THOUSAND UNITS), 2020-2029

TABLE 19 MEXICO WALL PANELS MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 20 MEXICO WALL PANELS MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029

TABLE 21 SOUTH AMERICA WALL PANELS MARKET BY COUNTRY (USD MILLIONS), 2020-2029

TABLE 22 SOUTH AMERICA WALL PANELS MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029

TABLE 23 BRAZIL WALL PANELS MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 24 BRAZIL WALL PANELS MARKET BY TYPE (THOUSAND UNITS), 2020-2029

TABLE 25 BRAZIL WALL PANELS MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 26 BRAZIL WALL PANELS MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029

TABLE 27 ARGENTINA WALL PANELS MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 28 ARGENTINA WALL PANELS MARKET BY TYPE (THOUSAND UNITS), 2020-2029

TABLE 29 ARGENTINA WALL PANELS MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 30 ARGENTINA WALL PANELS MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029

TABLE 31 COLOMBIA WALL PANELS MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 32 COLOMBIA WALL PANELS MARKET BY TYPE (THOUSAND UNITS), 2020-2029

TABLE 33 COLOMBIA WALL PANELS MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 34 COLOMBIA WALL PANELS MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029

TABLE 35 REST OF SOUTH AMERICA WALL PANELS MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 36 REST OF SOUTH AMERICA WALL PANELS MARKET BY TYPE (THOUSAND UNITS), 2020-2029

TABLE 37 REST OF SOUTH AMERICA WALL PANELS MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 38 REST OF SOUTH AMERICA WALL PANELS MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029

TABLE 39 ASIA-PACIFIC WALL PANELS MARKET BY COUNTRY (USD MILLIONS), 2020-2029

TABLE 40 ASIA-PACIFIC WALL PANELS MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029

TABLE 41 INDIA WALL PANELS MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 42 INDIA WALL PANELS MARKET BY TYPE (THOUSAND UNITS), 2020-2029

TABLE 43 INDIA WALL PANELS MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 44 INDIA WALL PANELS MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029

TABLE 45 CHINA WALL PANELS MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 46 CHINA WALL PANELS MARKET BY TYPE (THOUSAND UNITS), 2020-2029

TABLE 47 CHINA WALL PANELS MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 48 CHINA WALL PANELS MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029

TABLE 49 JAPAN WALL PANELS MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 50 JAPAN WALL PANELS MARKET BY TYPE (THOUSAND UNITS), 2020-2029

TABLE 51 JAPAN WALL PANELS MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 52 JAPAN WALL PANELS MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029

TABLE 53 SOUTH KOREA WALL PANELS MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 54 SOUTH KOREA WALL PANELS MARKET BY TYPE (THOUSAND UNITS), 2020-2029

TABLE 55 SOUTH KOREA WALL PANELS MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 56 SOUTH KOREA WALL PANELS MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029

TABLE 57 AUSTRALIA WALL PANELS MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 58 AUSTRALIA WALL PANELS MARKET BY TYPE (THOUSAND UNITS), 2020-2029

TABLE 59 AUSTRALIA WALL PANELS MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 60 AUSTRALIA WALL PANELS MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029

TABLE 61 SOUTH-EAST ASIA WALL PANELS MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 62 SOUTH-EAST ASIA WALL PANELS MARKET BY TYPE (THOUSAND UNITS), 2020-2029

TABLE 63 SOUTH-EAST ASIA WALL PANELS MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 64 SOUTH-EAST ASIA WALL PANELS MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029

TABLE 65 REST OF ASIA PACIFIC WALL PANELS MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 66 REST OF ASIA PACIFIC WALL PANELS MARKET BY TYPE (THOUSAND UNITS), 2020-2029

TABLE 67 REST OF ASIA PACIFIC WALL PANELS MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 68 REST OF ASIA PACIFIC WALL PANELS MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029

TABLE 69 EUROPE WALL PANELS MARKET BY COUNTRY (USD MILLIONS), 2020-2029

TABLE 70 EUROPE WALL PANELS MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029

TABLE 71 GERMANY WALL PANELS MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 72 GERMANY WALL PANELS MARKET BY TYPE (THOUSAND UNITS), 2020-2029

TABLE 73 GERMANY WALL PANELS MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 74 GERMANY WALL PANELS MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029

TABLE 75 UK WALL PANELS MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 76 UK WALL PANELS MARKET BY TYPE (THOUSAND UNITS), 2020-2029

TABLE 77 UK WALL PANELS MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 78 UK WALL PANELS MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029

TABLE 79 FRANCE WALL PANELS MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 80 FRANCE WALL PANELS MARKET BY TYPE (THOUSAND UNITS), 2020-2029

TABLE 81 FRANCE WALL PANELS MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 82 FRANCE WALL PANELS MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029

TABLE 83 ITALY WALL PANELS MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 84 ITALY WALL PANELS MARKET BY TYPE (THOUSAND UNITS), 2020-2029

TABLE 85 ITALY WALL PANELS MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 86 ITALY WALL PANELS MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029

TABLE 87 SPAIN WALL PANELS MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 88 SPAIN WALL PANELS MARKET BY TYPE (THOUSAND UNITS), 2020-2029

TABLE 89 SPAIN WALL PANELS MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 90 SPAIN WALL PANELS MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029

TABLE 91 RUSSIA WALL PANELS MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 92 RUSSIA WALL PANELS MARKET BY TYPE (THOUSAND UNITS), 2020-2029

TABLE 93 RUSSIA WALL PANELS MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 94 RUSSIA WALL PANELS MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029

TABLE 95 REST OF EUROPE WALL PANELS MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 96 REST OF EUROPE WALL PANELS MARKET BY TYPE (THOUSAND UNITS), 2020-2029

TABLE 97 REST OF EUROPE WALL PANELS MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 98 REST OF EUROPE WALL PANELS MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029

TABLE 99 MIDDLE EAST AND AFRICA WALL PANELS MARKET BY COUNTRY (USD MILLIONS), 2020-2029

TABLE 100 MIDDLE EAST AND AFRICA WALL PANELS MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029

TABLE 101 UAE WALL PANELS MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 102 UAE WALL PANELS MARKET BY TYPE (THOUSAND UNITS), 2020-2029

TABLE 103 UAE WALL PANELS MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 104 UAE WALL PANELS MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029

TABLE 105 SAUDI ARABIA WALL PANELS MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 106 SAUDI ARABIA WALL PANELS MARKET BY TYPE (THOUSAND UNITS), 2020-2029

TABLE 107 SAUDI ARABIA WALL PANELS MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 108 SAUDI ARABIA WALL PANELS MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029

TABLE 109 SOUTH AFRICA WALL PANELS MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 110 SOUTH AFRICA WALL PANELS MARKET BY TYPE (THOUSAND UNITS), 2020-2029

TABLE 111 SOUTH AFRICA WALL PANELS MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 112 SOUTH AFRICA WALL PANELS MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029

TABLE 113 REST OF MIDDLE EAST AND AFRICA WALL PANELS MARKET BY TYPE (USD MILLIONS), 2020-2029

TABLE 114 REST OF MIDDLE EAST AND AFRICA WALL PANELS MARKET BY TYPE (THOUSAND UNITS), 2020-2029

TABLE 115 REST OF MIDDLE EAST AND AFRICA WALL PANELS MARKET BY APPLICATION (USD MILLIONS), 2020-2029

TABLE 116 REST OF MIDDLE EAST AND AFRICA WALL PANELS MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029

LIST OF FIGURES

FIGURE 1 MARKET DYNAMICS

FIGURE 2 MARKET SEGMENTATION

FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED

FIGURE 4 DATA TRIANGULATION

FIGURE 5 BOTTOM-UP APPROACH

FIGURE 6 TOP-DOWN APPROACH

FIGURE 7 RESEARCH FLOW

FIGURE 8 GLOBAL WALL PANELS MARKET BY TYPE, USD MILLION, 2020-2029

FIGURE 9 GLOBAL WALL PANELS MARKET BY APPLICATION, USD MILLION, 2020-2029

FIGURE 10 GLOBAL WALL PANELS MARKET BY REGION, USD MILLION, 2020-2029

FIGURE 11 PORTER’S FIVE FORCES MODEL

FIGURE 12 GLOBAL WALL PANELS MARKET BY TYPE, USD MILLION, 2020-2029

FIGURE 13 GLOBAL WALL PANELS MARKET BY APPLICATION, USD MILLION, 2020-2029

FIGURE 14 GLOBAL WALL PANELS MARKET BY REGION, USD MILLION, 2020-2029

FIGURE 15 WALL PANELS MARKET BY REGION 2020

FIGURE 16 MARKET SHARE ANALYSIS

FIGURE 17 ATAS INTERNATIONAL: COMPANY SNAPSHOT

FIGURE 18 CECO BUILDING SYSTEM: COMPANY SNAPSHOT

FIGURE 19 CENTRIA: COMPANY SNAPSHOT

FIGURE 20 GREEN SPAN PROFILE: COMPANY SNAPSHOT

FIGURE 21 HUNTSMAN INTERNATIONAL LLC: COMPANY SNAPSHOT

FIGURE 22 KINGSPAN INSULATED PANEL: COMPANY SNAPSHOT

FIGURE 23 MBCI: COMPANY SNAPSHOT

FIGURE 24 METL-SPAN: COMPANY SNAPSHOT

FIGURE 25 NUCOR BUILDING SYSTEM: COMPANY SNAPSHOT

FIGURE 26 STAR BUILDING SYSTEM: COMPANY SNAPSHOT

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