PUBLISHER: Allied Market Research | PRODUCT CODE: 1140280
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140280
The global sandwich panels market size was valued at $20,205.5 million in 2021, and is projected to reach $39,155.6 million by 2031, registering a CAGR of 6.7% from 2022 to 2031.
Sandwich panel is also known as a composite panel or structural insulation panel. It has three basic components such as the two outward facing layers and a thick core and the outside panels. A benefit associated with sandwich panels are easy and fast installation, low weight, fire safety, design flexibility and corrosion resistance and long durable. Sandwich panels are a high-performance building solution for homes and light commercial buildings.
Rise in urbanization drives the demand for new construction building and residential & commercial construction activities, which is expected to upsurge the demand for sandwich panels; thereby, driving the growth of the sandwich panels market. For instance, according to the German Construction Federation (ZDB) and the German Construction Industry Federation (HDB), 4% growth in the German construction sector reached $124.45 billion from 2020 to 2022. In addition, rise in disposable income of population in various governments such as India, China, Brazil, and others, is expected to drive the adoption of sandwich panels in residential and commercial construction activities, which boost the growth of the global sandwich panels market. Furthermore, increase in spending on residential and commercial construction activities is expected fuel the adoption of sandwich panels. However, increase in the cost of production due to expensive application techniques and fluctuations in the prices of raw materials hamper the market growth.
The market is segmented on the basis of product type, application, end-user, and region. On the basis of product type, the market is divided into polystyrene panels, polyurethane panels and polyisocyanurate panels, glass wool panels and others. On the basis of application, the market is divided into walls and floors, roofs and cold storage. On the basis of end-user, the market is divided into residential and non-residential. Region-wise, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
COMPETITION ANALYSIS
The key players that operate in the sandwich panels market are 3A Composites, Arcelor Mittal Construction, Arconic, Arpanel, Dana Group, Extreme Panel Technologies, INC., Fischer Profil GmbH, INGREEN SYSTEMS, ISOMEC SRL, Italpannelli, Jiangsu Jingxue Insulation Technology Co. Ltd., Kingspan Group, Marcegaglia, Metecno group, Nucor Corporation (Nucor Building Systems), Premier Building System, INC., and Rautarukki Corporation.
Key Benefits For Stakeholders
Key Market Segments
By End user
By Product type
By Application
By Region