Multi-Metal Aluminum Sandwich Panels Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global multi-metal aluminum sandwich panels market size reached US$ 6.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.91% during 2023-2028.
Multi-metal aluminum sandwich panels are structural components consisting of multiple layers of rigid materials bonded by a lightweight core. The panels consist of thin skin-layers that are placed together on the side of low-density core manufactured using expanded polystyrene (EPS), glass wool and polyurethane materials. Multi-metal aluminum sandwich panels are commonly utilized in the wall, roof and insulated panels and in comparison to the traditionally used building materials, they are lightweight, cost-efficient, highly durable and pre-fabricated. They also offer enhanced flexibility for modern industrial designs and advantageous soundproofing, thermoregulation and fire-resistant properties. As a result, these panels are widely used across various industries, including aerospace, construction, marine, automotive, chemical and oil and gas.
Multi-Metal Aluminum Sandwich Panels Market Trends:
Significant growth in the construction industry across the globe is one of the key factors creating a positive outlook for the market. With the rising environmental consciousness among the masses, consumers are widely adopting energy-efficient multi-metal aluminum sandwich panels in industrial and residential complexes for improved insulation and comfort. In line with this, these pre-fabricated panels have minimal maintenance requirements and can be conveniently dismantled and moved across locations with zero wastage. Moreover, the increasing requirement for high-performance materials across industries is providing a thrust to the market growth. Various product innovations, such as the development of honeycomb core sandwich panels with shear thickening fluid (STF) fillings for flat and slightly curved surfaces, are acting as other growth-inducing factors. These panels can reduce the damage caused by hypervelocity impacts and offer enhanced strength and durability to aircraft and aerospace components. Other factors, including significant infrastructural development, especially in the developing economies, along with extensive research and development (R&D) activities, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global multi-metal aluminum sandwich panels market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on metal, foam material and application.
Breakup by Metal:
Aluminum
Steel
Titanium
Others
Breakup by Foam Material:
With Foam
Aluminum
Glass Wool
Expanded Polystyrene
Polyurethane
Others
Without Foam
Breakup by Application:
Aerospace
Architectural
Construction
Automotive and Locomotive
Marine
Chemical
Oil and Gas
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Al Shahin Metal Industries, ArcelorMittal S.A., Balex Metal Sp Z O O, Dana Incorporated, Isopan Spa, Italpannelli Srl, Kingspan Group plc, MBCI Inc. (NCI Building Systems Inc.), Metecno (India) Private Limited, Multicolor Steels (India) Pvt. Ltd, NS BlueScope and Rautaruukki Oyj (SSAB AB).
Key Questions Answered in This Report
1. What was the size of the global multi-metal aluminum sandwich panels market in 2022?
2. What is the expected growth rate of the global multi-metal aluminum sandwich panels market during 2023-2028?
3. What are the key factors driving the global multi-metal aluminum sandwich panels market?
4. What has been the impact of COVID-19 on the global multi-metal aluminum sandwich panels market?
5. What is the breakup of the global multi-metal aluminum sandwich panels market based on the metal?
6. What is the breakup of the global multi-metal aluminum sandwich panels market based on the foam material?
7. What is the breakup of the global multi-metal aluminum sandwich panels market based on the application?
8. What are the key regions in the global multi-metal aluminum sandwich panels market?
9. Who are the key players/companies in the global multi-metal aluminum sandwich panels market?
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