Global Sandwich Panel Market Size Study, by Type (PUR/PIR Sandwich Panels, Glass Wool, Rock Wool, Others), by Application (Residential Buildings, Commercial Buildings, Agricultural Buildings, Cold Storage), by Skin Material (Continuous Fibre Reinforced Th

Global Sandwich Panel Market Size Study, by Type (PUR/PIR Sandwich Panels, Glass Wool, Rock Wool, Others), by Application (Residential Buildings, Commercial Buildings, Agricultural Buildings, Cold Storage), by Skin Material (Continuous Fibre Reinforced Thermoplastics (CFRT), Fibreglass Reinforced Panel (FRP), Aluminum, Steel, Others) and Regional Forecasts 2022-2032

The Global Sandwich Panel Market is valued approximately at USD 1.8 Billion in 2023 and is anticipated to grow with a healthy growth rate of more than 9.02% over the forecast period 2024-2032. A sandwich panel is a composite building material used primarily in construction and architecture. It consists of three layers: two thin, outer layers (called facings) and a thicker, insulating core layer. The core is sandwiched between the two facings, providing both structural strength and thermal insulation. The market is experiencing robust growth driven by the increasing infrastructure projects arising from rapid urbanization and industrialization in both developed and emerging countries. The demand for sandwich panels is bolstered by their numerous benefits, such as thermal resistance, acoustic insulation, mechanical properties, impermeability, and fire behaviour.

Sandwich panels offer several advantages that are driving market growth, including quick and easy installation, excellent thermal insulation, and aesthetic appeal for buildings. These panels arrive as fully compatible, ready-to-assemble components, tailored in insulation types, dimensions, and colors based on the structure. Their thermal insulation properties ensure durability and resistance to mold and humidity. The varying thickness of sandwich panel insulation allows for adaptability to different building requirements, enhancing their appeal for both internal and external applications. Moreover, the demand for sandwich panels in cold storage applications is rising, driven by their exceptional insulating capacity, which is crucial for maintaining constant temperatures in refrigerated warehouses. The panels' quick installation process and aesthetic appearance further contribute to their growing popularity. Additionally, innovations such as the introduction of the Gillfab 4037 sandwich panel by The Gill Corporation in June 2023, designed for non-structural interior applications in business aircraft, highlight the potential for market development during the forecast period.

Key regions considered for the global Sandwich Panel market study include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America dominates the market due to the presence of numerous manufacturing companies and significant demand for modern construction materials. Europe follows, driven by increased investments in building development, maintenance, and repair. The Asia-Pacific region is expected to grow at the fastest CAGR due to its burgeoning construction industry, fast industrialization, and urbanization.

Major market players included in this report are:

DANA Group of Companies

INVESPANEL SL

Kingspan Group

Building Component Solutions LLC

Nucor Corporation

Assan Panel A.S.

Hoesch Siegerlandwerke GmbH

ArcelorMittal S.A.

MANNI Group

Zhong Jie Group

Romakowski GmbH & Co. KG

Tata Steel Limited

NCI Building Systems Inc.

Multicolor Steels India Pvt Ltd.

Sintex

The detailed segments and sub-segments of the market are explained below:

By Type:

PUR/PIR Sandwich Panels

Glass Wool

Rock Wool

Others

By Application:

Residential Buildings

Commercial Buildings

Agricultural Buildings

Cold Storage

By Skin Material:

Continuous Fibre Reinforced Thermoplastics (CFRT)

Fibreglass Reinforced Panel (FRP)

Aluminum

Steel

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of Latin America

Middle East & Africa

Saudi Arabia

South Africa

RoMEA

Years considered for the study are as follows:

Historical year – 2022

Base year – 2023

Forecast period – 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.

Annualized revenues and regional level analysis for each market segment.

Detailed analysis of geographical landscape with Country level analysis of major regions.

Competitive landscape with information on major players in the market.

Analysis of key business strategies and recommendations on future market approach.

Analysis of competitive structure of the market.

Demand side and supply side analysis of the market.

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