Sandwich Panels Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Sandwich Panels Market by region.
The global sandwich panels market size was US$ 20.21 billion in 2021. The global sandwich panels market size is estimated to reach US$ 36.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.7% during the forecast period from 2022 to 2030.
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A sandwich panel is a composite material and is made of filled insulation material between two metal surfaces. It is a lightweight and long-lasting building material used for roofs and exterior walls of buildings as well as insulated interior walls and cold storage. It is a system that covers the building from external forces and provides a very suitable and economical solution for powerful stands. The result is an energy-efficient, structurally sound, and cost-effective building system, which saves time, labor, and money.
Factors Affecting Marketing Growth
An increase in construction activities in different regions and growing demand for highly attractive designs for buildings is anticipated to drive the growth of the global market.
Sandwich panels are used in residential and commercial projects. The rapid development of economies due to an increase in urbanization and an increase in industrialization drives the growth of the global market.
The rise in awareness about energy-efficient buildings and enhancing the thermal performance of sandwich panels are anticipated to drive the growth of the global market.
A rise in production cost due to expensive application techniques and fluctuating raw material prices hinder the growth of the global market.
Impact on COVID-19 Analysis
The COVID-19 pandemic discontinued the production of many products in the global sandwich panel market due to the lockdown. Also, the number of COVID-19 cases is anticipated to reduce in the future with the introduction of the COVID-19 vaccine in the global market. This has led to the reopening of the sandwich panel industries to their full potential. This is anticipated to help the market recover by the end of 2022. Thus, COVID-19 had a negative impact on the global market.
Regional Analysis
Asia-Pacific accounted for the highest global sandwich panel market share in terms of revenue in 2021 due to an increase in investment, a rise in construction activities, and investment by the government. Furthermore, most of the countries in the region are spending on the construction sector to grow their economies. Thus, driving the growth of the global market in the region.
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Leading Competitors
The prominent players in the global sandwich panels market are:
Rautarukki Corporation
Premier Building System Inc
Nucor Corporation
Metecno group
Marcegaglia
Kingspan Group
Jiangsu Jingxue Insulation Technology Co. Ltd
INGREEN SYSTEMS
Fischer Profil GmbH
Arpanel, Dana Group
Others
Segmentation Analysis
The global sandwich panels market segmentation focuses on End User, Product Type, Application, and Region.
Segmentation on the basis of End User
Non-residential
Residential
Segmentation on the basis of Product Type
Glass Wool Panels
Polyurethane Panels and Polyisocyanurate Panels
Residential
Non-residential
Others
Polystyrene Panels
Polystyrene Panels type
Expanded Polystyrene Panels
Extruded Polystyrene Foam Panels
Segmentation on the basis of Application
Cold Storage
Roofs
Walls and Floors
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Segmentation on the basis of Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Key questions answered in the global market report are:
— How does a global company acquire markets?
— What are its core strategies and policies?
— What factors will influence the market over the forecast period?
— What are the factors driving and restraining the market?
— What are the leading competitors in the global market?
— Which region is growing at a higher pace in the global market?
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