According to the latest report by Market Research Future (MRFR), the sandwich panel market is expected to record a significant market valuation at a steady CAGR of 7.04% over the review period. Sandwich panels are construction materials manufactured by joining the layers of covering metals with insulating materials and binding agents. Its ability to protect against sound, extreme weather conditions, and sudden breakout of fires. Moreover, its durability and rapid installation owing to its simple design make it a viable choice over traditional roof panels.
Get Free Sample Copy @
Leading players in the global sandwich panel market include Sintex, Multicolor Steels India Pvt. Ltd., NCI Building Systems Inc., Tata Steel Limited, Romakowski GmbH & Co. KG, Zhong Jie Group, MANNI Group, ArcelorMittal S.A., Hoesch Siegerlandwerke GmbH, Assan Panel A.S., Nucor Corporation, Building Component Solutions LLC, Kingspan Group, INVESPANEL SL, and DANA Group of Companies
The global sandwich panel market is segmented by type and application.
By type, the sandwich panels market has been segmented into polyurethane (PUR)/polyisocyanurate (PIR) sandwich panels, EPS sandwich panels, rock wool, glass wool, and others. Among these, the PUR/PIR segment is predicted to reach a substantial valuation of USD 717.5 Million by 2023, at a 7.81% CAGR over the assessment period. The EPS sandwich panel segment is accounted for the second-largest, at a 7.29% CAGR over the review period. This can be attributed to its lightweight nature and higher durability.
Primary applications of sandwich panels include industrial buildings, cold storage, residential buildings, and commercial buildings. Cold storage is estimated to register the fastest growth rate of 7.54% during the review period, owing to the capability of sandwich panels to uphold the required room temperature in these facilities. The segment is expected to record a valuation of USD 366.8 million by 2023. On the other hand, the commercial buildings segment is anticipated to rise at a 7.12% CAGR during the review period.
The global sandwich panels market covers the latest trends and opportunities across several regions, including Europe, Asia Pacific (APAC), North America, and the Rest-of-the-World (RoW).
Europe is assessed as one of the largest regions in terms of value, in the global sandwich panels market, and it is predicted to grow at a 7.13% CAGR over the forecast period to reach a significant valuation of USD 851.4 million by 2023. Government policies encouraging the adoption of energy-efficient measures are probable to drive the market demand in the region. Retrofitting of sandwich panels in older buildings can significantly reduce the energy consumption rates and contribute notably towards the reduction of the carbon footprint set by European developing countries such as Germany, France, the UK, among others.
APAC is also accounted for a significant regional market share in the global sandwich panel market and is slated to rise at the highest CAGR of 7.49% during the assessment period. Factors driving the rapid growth are rapid industrialization and urbanization in developing economies such as India, China, Japan, among others, development of the construction sector, and support for green policies. in addition, the inflow of foreign direct investment (FDI) from global market players and the substantial distribution channels of chief manufacturers are likely to drive the regional sandwich panels market growth in the Asia Pacific during the forecast period.
- Base Year – 2017
- Projection Period – From 2018 to 2023
- Market Denomination – USD Million
- Conversion Rate – Considered as per the respective financial years
- Sandwich Panels Manufacturers
- Suppliers and Distributors
- Raw Material Suppliers
- End-use Industries
- Associations and Government Agencies
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Steel Sandwich Panels Market Research Report, by Type (EPS Panels, PU Panels, and PF Panels), Application (Residential, Commercial, Agricultural Farmhouse Buildings, and Cold Storage), and Region — Global Forecast till 2023.
Self-consolidating Concrete Market Information by Type (Powder, Viscosity Modifying Agent and Combination) by Ingredients (Aggregates, Cement, Admixtures, and others) by Application (Infrastructure, Precast Concrete, Architectural, and others) and Region – Forecast to 2021.
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar