The steel sandwich panels market 2020 is presumed to grow rapidly. These panels are used abundantly in the construction industry. In a report offered recently by Market Research Future (MRFR), the global steel sandwich panels market is expected to mark 6% CAGR across the evaluation period 2018 to 2023. Increasing growth pace of the construction industry is poised to accelerate expansion of the steel sandwich panels market in the foreseeable future. In addition, rising investments in construction of commercial buildings such as resorts, hospitals, etc. are further prognosticated to drive the growth of the steel sandwich panels market.
The product is gaining popularity as it is effective in controlling temperature. It is anticipated to gain preference over traditional panels in the forthcoming years. This is assumed to boost revenue generation in the steel sandwich panels market in the near future. It has also found application for insulation and fire protection. Rising applications are projected to lead the augmentation of the steel sandwich panels market in the foreseeable future. These panels have also gained popularity due to their energy efficiency. It, in turn, is anticipated to drive the augmentation of the steel sandwich panels market in the upcoming years. The market is expected to exhibit sustainable rate of growth in the forthcoming years. However, the high cost of the product over traditional alternatives can restrict expansion of the steel sandwich panels market.
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Which region dominates the steel sandwich panels market?
Europe has the upperhand in the steel sandwich panels market
Competitive Dashboard
- ArcelorMittal SA
- Metecno Pty Ltd., Kingspan (UK)
- Isomec SRL, Isopan (Italy)
- Balex Metal SP Z.O.O.
- Silex
- Fischer Profil GmbH
- Omnis exteriors Ltd.
Key players are injecting investments for the expansion of their footholds across the globe. The growth methodologies anticipated to be witnessed in the market place include, but are not limited to, collaborations, strategic alliances, mergers & acquisitions, agreements, and partnerships. This market is characterized by the consolidation of domestic and global players leading to intense competition.
Market Segmentation
On the basis of type, the steel sandwich panels market has been segmented into PU panels, EPS panels, and PF panels. Among these, the EPS panels segment is projected to exhibit substantial growth due to its advantages such as good thermal insulation, air-tightness, long lifespan, and low maintenance costs. The product is used for insulation for walls, roofs, floors and facades in commercial and residential buildings. It is supposed to drive the proliferation of the segment in the foreseeable future. This segment is projected to dominate the steel sandwich panels market in the upcoming years.
On the basis of application, the steel sandwich panel market has been segmented into residential, agricultural farmhouse buildings, commercial, and cold storage. Among these, the commercial segment is prognosticated to hold the dominant position. Increasing investments being injected into hospitality industry is poised to boost demand for commercial complexes such as hospitals, hotels, resorts, etc.
Regional Analysis
The geographical evaluation of the global steel sandwich panels market is covered in this report offered by MRFR. It covers assessment of regional segments such as North America, Asia-Pacific, Europe, and Rest of the world (RoW). These regional segments are narrowed down for a country-level study. Europe exhibited dominance in 2017 with its command over 40% share. Stricter regulations are imposed in the region for improving energy efficiency. These factors are expected to catapult the steel sandwich panels market on upward trajectory. Asia Pacific is expected to witness rapid expansion on account of the thriving construction industry. Increasing establishment of commercial buildings in the region is expected to drive the growth of the steel sandwich panels market in the region across the evaluation period.
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List Of Table
Table 1 Global Steel Sandwich Panels Market, By Region, 2018–2023
Table 2 North America: Steel Sandwich Panels Market, By Country, 2018–2023
Table 3 Europe: Steel Sandwich Panels Market, By Country, 2018–2023
Table 4 Asia-Pacific: Steel Sandwich Panels Market, By Country, 2018–2023
Table 5 RoW: Steel Sandwich Panels Market, By Country, 2018–2023
Table 6 Global Steel Sandwich Panels Market, By Type, By Region, 2018–2023
Table 7 North America: Steel Sandwich Panels Market, By Type, By Country, 2018–2023
Table 8 Europe: Steel Sandwich Panels Market, By Type, By Country, 2018–2023
Table 9 Asia-Pacific: Steel Sandwich Panels Market By Type, By Country, 2018–2023
Table 10 RoW: Steel Sandwich Panels Market By Type, By Country, 2018–2023
Table 11 Global Steel Sandwich Panels Market, By Application, By Region, 2018–2023
Table 12 North America: Steel Sandwich Panels Market, By Application, By Country, 2018–2023
Table 13 Europe: Steel Sandwich Panels Market, By Application, By Country, 2018–2023
Table 14 Asia-Pacific: Steel Sandwich Panels Market By Application, By Country, 2018–2023
Table 15 RoW: Steel Sandwich Panels Market By Application, By Country, 2018–2023
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List Of Figure
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top-Down And Bottom-Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
FIGURE 8 Global Steel Sandwich Panels Market Share, By Type, 2017 (%)
FIGURE 9 Global Steel Sandwich Panels Market, By Type, 2018–2023 (USD MILLION)
FIGURE 10 Global Steel Sandwich Panels Market Share, By Application, 2017 (%)
FIGURE 11 Global Steel Sandwich Panels Market, By Application, 2018–2023 (USD MILLION)
FIGURE 12 Global Steel Sandwich Panels Market Share (%), By Region, 2017
FIGURE 13 Global Steel Sandwich Panels Market, By Region, 2018–2023 (USD MILLION)
FIGURE 14 North America: Steel Sandwich Panels Market Share (%), 2017
FIGURE 15 North America: Steel Sandwich Panels Market By Country, 2018–2023 (USD MILLION)
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Related Reports:
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
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