Sandwich Panels Market, By Skin Material (Continuous Fiber Reinforced Thermoplastics (CFRT), Fiberglass Reinforced Panel (FRP), Aluminum, Steel, Other Skin Materials), By Core Material (Polyurethane (PUR), Polyisocyanurate (PIR), Mineral Wool, Expanded Polystyrene (EPS), Other Core Materials), By Application (Wall Panels, Roof Panels, Insulated Panels, Other Applications), By End-User Industry (Residential, Commercial, Industrial, Institutional/Infrastructure), and By Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
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:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook