Sandwich panels are an inexpensive insulator that are used in a variety of building types. They offer a number of advantages, including high strength and flexibility, low maintenance costs, and a low overall weight. Architects, builders, and engineers can choose from a wide range of options. The core of the sandwich panel is typically made of polyurethane foam. Polyurethane is a rigid foam that provides excellent thermal and compressive strength. It is also resistant to water and bacteria, which makes it a desirable insulation component. In addition, it is non-combustible, which helps prevent smoke from contaminating the air around it.
Market Dynamics:
There is an increase in government spending and increased consumer expenditure, which result in increasing infrastructure and residential construction. These factors are likely to boost the global market growth. There is also a growing demand for energy efficient buildings. Moreover, the demand for advanced interiors is expected to enhance the demand for composite sandwich panels. Another factor driving sandwich panel market growth is the rapid urbanization in emerging economies. This is mainly because of the growing disposable income. This has led to an increase in the number of residential construction projects in developing countries. In addition, the residential building segment is expected to remain the leading segment over the forecast period.
However, there are major constraints pertaining to the production and application techniques, as well as the price of raw materials. In addition, the market has faced a downturn in the recent years, due to several economic and other factors.
Key features of the study:
- This report provides in-depth analysis of the global sandwich panels market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global sandwich panels market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include ArcelorMittal Construction, Areco, Assan Panel AŞ, Building Components Solutions LLC, Cornerstone Building Brands, DANA Group of Companies, Kingspan Group, Multicolor Steels (India) Pvt Ltd, Rautaruukki Corporation, Safal Group., ITALPANNELLI SRL, Tata Steel, and Sintex
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global sandwich panels market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global sandwich panels market
Detailed Segmentation:
- Global Sandwich Panels Market, By Skin Material
- Continuous Fiber Reinforced Thermoplastics (CFRT)
- Fiberglass Reinforced Panel (FRP)
- Aluminum
- Steel
- Other Skin Materials
- Global Sandwich Panels Market, By Core Material
- Polyurethane (PUR)
- Polyisocyanurate (PIR)
- Mineral Wool
- Expanded Polystyrene (EPS)
- Other Core Materials
- Global Sandwich Panels Market, By Application
- Wall Panels
- Roof Panels
- Insulated Panels
- Other Applications
- Global Sandwich Panels Market, By End-User Industry
- Residential
- Commercial
- Industrial
- Institutional/Infrastructure
- Global Sandwich Panels Market, BY Geography
- Asia-Pacific
- North America
- Europe
- South America
- Middle East & Africa
- Company Profiles
- ArcelorMittal Construction
- Areco
- Assan Panel AŞ
- Building Components Solutions LLC
- Cornerstone Building Brands
- DANA Group of Companies
- Kingspan Group
- Multicolor Steels (India) Pvt Ltd
- Rautaruukki Corporation
- Safal Group
- ITALPANNELLI SRL
- Tata Steel
- Sintex