Sandwich Panel Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Sandwich Panel Market
The global sandwich panel market size was valued at USD 9.91 billion in 2023 and is projected to grow from USD 10.70 billion in 2024 to USD 20.51 billion by 2032, exhibiting a CAGR of 8.4% during the forecast period from 2024 to 2032.
The COVID-19 pandemic impacted the sandwich panel commercial enterprise through causing supply chain demanding situations, labour shortages, and monetary uncertainty, halting construction initiatives and decreasing demand. However, whilst the economic system recovers, demand for power-green constructing solutions is projected to increase.
The sandwich panel market growth is due to increasing demand from the non-residential region, specially bloodless garage facilities, industrial, and institutional buildings. These sectors favor sandwich panels for their great insulation, sustainability, and fee-effectiveness, which are essential for preserving the shelf existence of perishable items.
The sandwich panel market trend is driven by a international focus on electricity efficiency and sustainable construction.Increased environmental attention and harder production guidelines are using elevated call for for substances that provide super insulation. Manufacturers can capitalise in this trend by emphasising the eco-friendliness in their panels, coinciding with the motion closer to inexperienced and sustainable construction technology.
Comprehensive Analysis of Sandwich PanelMarket
Segmentation in the Sandwich Panel market share is driving the market because it allows companies to target unique consumer groups with tailored services and answers. The sandwich panel market is classified by type, outer material, and application. By type, it includes Polystyrene, Polyurethane, Mineral Wool, and others. The outer material classification comprises Steel, Aluminum, and other materials. Based on application, the market is divided into Residential and Non-Residential segments. This comprehensive classification highlights the diverse uses and materials involved in the sandwich panel industry.
Asia Pacific leads the sandwich panel marketplace because of fast urbanization, population boom, and booming production in growing countries like India, China, and Southeast Asia. Increased patron spending on creation fuels demand for sandwich panels within the vicinity.
Key companies in the sandwich panel market drive growth by adopting strategic planning, enhancing their product offerings, and expanding their market share through innovation and customer-focused solutions.The sandwich panel market features key players such as Tata Steel (India), Kingspan Group (Ireland), Sintex Group (India), ArcelorMittal (Europe), Assan Panel A.S. (Turkey), Areco Group (Europe), Building Component Solutions LLC (Saudi Arabia), DANA Group (UAE), and Rautaruukki Corporation (Europe).
In October 2022, Kingspan Group obtained Invespanel, a manufacturer of mineral wool-based sandwich panels. This acquisition strengthens Kingspan's product portfolio with revolutionary panels, including XPS and EPS-core refrigeration panels, improving their marketplace function and development talents.
Segementation Table
Global Sandwich Panel Market Scope
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 8.4% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Type
Polystyrene
Polyurethane
Mineral Wool
Others
By Outer Material
Steel
Aluminium
Others
By Application
Residential
Non-Residential
By Region
North America (By Type, By Outer Material, By Application, By Country)
- U.S. (By Application)
- Canada (By Application)
Europe (By Type, By Outer Material, By Application, By Country)
- Germany (By Application)
- U.K. (By Application)
- France (By Application)
- Italy (By Application)
- Spain (By Application)
- Rest of Europe (By Application)
Asia Pacific (By Type, By Outer Material, By Application, By Country)
- China (By Application)
- India (By Application)
- Japan (By Application)
- ASEAN (By Application)
- Rest of Asia Pacific (By Application)
Latin America (By Type, By Outer Material, By Application, By Country)
- Brazil (By Application)
- Mexico (By Application)
- Rest of Latin America (By Application)
Middle East & Africa (By Type, By Outer Material, By Application, By Country)
- Saudi Arabia (By Application)
- South Africa (By Application)
Rest of Middle East & Africa (By Application)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Regions
- 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 4.6. Qualitative Insights on Impact of COVID-19
- 5. Global Sandwich Panel Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. By Type (Value)
- 5.2.1. Polystyrene
- 5.2.2. Polyurethane
- 5.2.3. Mineral Wool
- 5.2.4. Others
- 5.3. By Outer Material (Value)
- 5.3.1. Steel
- 5.3.2. Aluminium
- 5.3.3. Others
- 5.4. By Application (Value)
- 5.4.1. Residential
- 5.4.2. Non-Residential
- 5.5. By Region (Value)
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America
- 5.5.5. Middle East & Africa
- 6. North America Sandwich Panel Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. By Type (Value)
- 6.2.1. Polystyrene
- 6.2.2. Polyurethane
- 6.2.3. Mineral Wool
- 6.2.4. Others
- 6.3. By Outer Material (Value)
- 6.3.1. Steel
- 6.3.2. Aluminium
- 6.3.3. Others
- 6.4. By Application (Value)
- 6.4.1. Residential
- 6.4.2. Non-Residential
- 6.5. By Country (Value)
- 6.5.1. U.S
- 6.5.1.1. By Application (Value)
- 6.5.1.1.1. Residential
- 6.5.1.1.2. Non-Residential
- 6.5.2. Canada
- 6.5.2.1. By Application (Value)
- 6.5.2.1.1. Residential
- 6.5.2.1.2. Non-Residential
- 7. Europe Sandwich Panel Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. By Type (Value)
- 7.2.1. Polystyrene
- 7.2.2. Polyurethane
- 7.2.3. Mineral Wool
- 7.2.4. Others
- 7.3. By Outer Material (Value)
- 7.3.1. Steel
- 7.3.2. Aluminium
- 7.3.3. Others
- 7.4. By Application (Value)
- 7.4.1. Residential
- 7.4.2. Non-Residential
- 7.5. By Country (Value)
- 7.5.1. Germany
- 7.5.1.1. By Application (Value)
- 7.5.1.1.1. Residential
- 7.5.1.1.2. Non-Residential
- 7.5.2. U.K.
- 7.5.2.1. By Application (Value)
- 7.5.2.1.1. Residential
- 7.5.2.1.2. Non-Residential
- 7.5.3. France
- 7.5.3.1. By Application (Value)
- 7.5.3.1.1. Residential
- 7.5.3.1.2. Non-Residential
- 7.5.4. Italy
- 7.5.4.1. By Application (Value)
- 7.5.4.1.1. Residential
- 7.5.4.1.2. Non-Residential
- 7.5.5. Spain
- 7.5.5.1. By Application (Value)
- 7.5.5.1.1. Residential
- 7.5.5.1.2. Non-Residential
- 7.5.6. Rest of Europe
- 7.5.6.1. By Application (Value)
- 7.5.6.1.1. Residential
- 7.5.6.1.2. Non-Residential
- 8. Asia Pacific Sandwich Panel Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. By Type (Value)
- 8.2.1. Polystyrene
- 8.2.2. Polyurethane
- 8.2.3. Mineral Wool
- 8.2.4. Others
- 8.3. By Outer Material (Value)
- 8.3.1. Steel
- 8.3.2. Aluminium
- 8.3.3. Others
- 8.4. By Application (Value)
- 8.4.1. Residential
- 8.4.2. Non-Residential
- 8.5. By Country (Value)
- 8.5.1. China
- 8.5.1.1. By Application (Value)
- 8.5.1.1.1. Residential
- 8.5.1.1.2. Non-Residential
- 8.5.2. India
- 8.5.2.1. By Application (Value)
- 8.5.2.1.1. Residential
- 8.5.2.1.2. Non-Residential
- 8.5.3. Japan
- 8.5.3.1. By Application (Value)
- 8.5.3.1.1. Residential
- 8.5.3.1.2. Non-Residential
- 8.5.4. ASEAN
- 8.5.4.1. By Application (Value)
- 8.5.4.1.1. Residential
- 8.5.4.1.2. Non-Residential
- 8.5.5. Rest of Asia Pacific
- 8.5.5.1. By Application (Value)
- 8.5.5.1.1. Residential
- 8.5.5.1.2. Non-Residential
- 9. Latin America Sandwich Panel Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. By Type (Value)
- 9.2.1. Polystyrene
- 9.2.2. Polyurethane
- 9.2.3. Mineral Wool
- 9.2.4. Others
- 9.3. By Outer Material (Value)
- 9.3.1. Steel
- 9.3.2. Aluminium
- 9.3.3. Others
- 9.4. By Application (Value)
- 9.4.1. Residential
- 9.4.2. Non-Residential
- 9.5. By Country (Value)
- 9.5.1. Brazil
- 9.5.1.1. By Application (Value)
- 9.5.1.1.1. Residential
- 9.5.1.1.2. Non-Residential
- 9.5.2. Mexico
- 9.5.2.1. By Application (Value)
- 9.5.2.1.1. Residential
- 9.5.2.1.2. Non-Residential
- 9.5.3. Rest of Latin America
- 9.5.3.1. By Application (Value)
- 9.5.3.1.1. Residential
- 9.5.3.1.2. Non-Residential
- 10. Middle East & Africa Sandwich Panel Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. By Type (Value)
- 10.2.1. Polystyrene
- 10.2.2. Polyurethane
- 10.2.3. Mineral Wool
- 10.2.4. Others
- 10.3. By Outer Material (Value)
- 10.3.1. Steel
- 10.3.2. Aluminium
- 10.3.3. Others
- 10.4. By Application (Value)
- 10.4.1. Residential
- 10.4.2. Non-Residential
- 10.5. By Country (Value)
- 10.5.1. Saudi Arabia
- 10.5.1.1. By Application (Value)
- 10.5.1.1.1. Residential
- 10.5.1.1.2. Non-Residential
- 10.5.2. South Africa
- 10.5.2.1. By Application (Value)
- 10.5.2.1.1. Residential
- 10.5.2.1.2. Non-Residential
- 10.5.3. Rest of Middle East & Africa
- 10.5.3.1. By Application (Value)
- 10.5.3.1.1. Residential
- 10.5.3.1.2. Non-Residential
- 11. Company Profiles
- 11.1. Kingspan Group
- 11.1.1. Overview
- 11.1.2. Description
- 11.1.3. Product Portfolio
- 11.1.4. Financials (Data as available in public domain and/or on paid databases)
- 11.1.5. Recent Developments
- 11.2. Tata Steel
- 11.2.1. Overview
- 11.2.2. Description
- 11.2.3. Product Portfolio
- 11.2.4. Financials (Data as available in public domain and/or on paid databases)
- 11.2.5. Recent Developments
- 11.3. Sintex
- 11.3.1. Overview
- 11.3.2. Description
- 11.3.3. Product Portfolio
- 11.3.4. Financials (Data as available in public domain and/or on paid databases)
- 11.3.5. Recent Developments
- 11.4. ArcelorMittal
- 11.4.1. Overview
- 11.4.2. Description
- 11.4.3. Product Portfolio
- 11.4.4. Financials (Data as available in public domain and/or on paid databases)
- 11.4.5. Recent Developments
- 11.5. Areco
- 11.5.1. Overview
- 11.5.2. Description
- 11.5.3. Product Portfolio
- 11.5.4. Financials (Data as available in public domain and/or on paid databases)
- 11.5.5. Recent Developments
- 11.6. Assan Panel A.S.
- 11.6.1. Overview
- 11.6.2. Description
- 11.6.3. Product Portfolio
- 11.6.4. Financials (Data as available in public domain and/or on paid databases)
- 11.6.5. Recent Developments
- 11.7. Building Components Solutions LLC
- 11.7.1. Overview
- 11.7.2. Description
- 11.7.3. Product Portfolio
- 11.7.4. Financials (Data as available in public domain and/or on paid databases)
- 11.7.5. Recent Developments
- 11.8. DANA Group of Companies
- 11.8.1. Overview
- 11.8.2. Description
- 11.8.3. Product Portfolio
- 11.8.4. Financials (Data as available in public domain and/or on paid databases)
- 11.8.5. Recent Developments
- 11.9. Rautaruukki Corporation
- 11.9.1. Overview
- 11.9.2. Description
- 11.9.3. Product Portfolio
- 11.9.4. Financials (Data as available in public domain and/or on paid databases)
- 11.9.5. Recent Developments
- 12. Strategic Recommendations
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