Turkey Sandwich Panels Market Assessment, By Core Material Type [Polyurethane, Polyisocyanurate, Expanded Polystyrene, Mineral Wool, Others], By Thickness [Below 50mm, 51-100mm, 101-150mm, 151-200mm, Above 200mm], By Application [Wall, Floor, Roof, Others

Turkey Sandwich Panels Market Assessment, By Core Material Type [Polyurethane, Polyisocyanurate, Expanded Polystyrene, Mineral Wool, Others], By Thickness [Below 50mm, 51-100mm, 101-150mm, 151-200mm, Above 200mm], By Application [Wall, Floor, Roof, Others], By Construction Type [New Construction Projects, Repair and Renovation Construction Projects], By End-use Industry [Residential Construction, Non-Residential Construction], By Region, Opportunities, and Forecast, 2018-2032F

Turkey sandwich panel market is projected to witness a CAGR of 7.88% during the forecast period 2025-2032, growing from USD 151.87 million in 2024 to USD 278.61 million in 2032. The market has experienced growth in recent years and is expected to maintain an expansion in the coming years, owing to an increase in demand from both non-residential construction and residential estates. The increase in non-residential construction activities and growing government infrastructure expenditure led to a surge in demand for sandwich panels. These panels are essential for superior thermal-humidity insulation and waterproofing, fueling the market's demand. Moreover, initiatives for affordable housing, rising demand for larger living spaces, development of high-rise residential buildings, and tax rate cuts by the government are increasing the demand for residential and non-residential construction, further propelling the Turkey sandwich panel market growth in the forecast period. The boom in residential construction is also driving the demand for sandwich panels to combat mold and humidity, further bolstering market growth. The development of a new range of sandwich panels by manufacturers with improved performance efficiency and setting up advanced production facilities will further drive the sandwich panel market.

For instance, in June 2022, Turkish sandwich panel manufacturer Mekpan Panel increased its production capacity to 8.5 million m2 of panels per year. Its range of roof and wall panels and insulation includes Polyurethane (PU) and Polyisocyanurate (PIR) based products. This expansion aligns with the growing demand for high-quality sandwich panels, driven by their effectiveness in enhancing building durability and energy efficiency. This will create a lucrative growth outlook for market growth in the long run.

Rapid Industrialization Drives Turkey Sandwich Panel Market Growth

The demand for insulated sandwich panels in industrial applications is driving the sandwich panel market in Turkey. Sandwich panels are known to have exceptional thermal insulation properties, which are important in maintaining constant temperatures within cold storage to preserve perished goods, pharmaceuticals, as well as chemicals, for industrial purposes. The cold chain logistics sector is growing at a fast pace, which boosted the requirement for efficiency in maintaining cold storage temperatures. Moreover, sandwich panels as a building product have been in constant demand for use in warehouses, industrial sheds, and cold storage warehouses due to their structural strength and durability. Eco-friendly material-based sandwich panels contribute to energy efficiency and reduction in environmental impact as industries increasingly focus on sustainability. As the demand for efficient logistics solutions grows, the role of sandwich panels becomes even more critical.

For instance, in April 2024, DFDS A/S agreed to acquire Ekol Lojistik A.S., an international transport network, transporting goods between Türkiye and Europe through owned offices and facilities in 10 European countries. Through the acquisition, DFDS adds road transport to the Mediterranean ferry network of DFDS. Due to the growing trends of robust cold storage logistics in Turkey, sandwich panels are poised to be an essential component in the cold storage and industrial sectors due to the insulation features of the sandwich panel.

Technological Advancements Drive the Sandwich Panel Market in Turkey

Technological advancements are driving the market for sandwich panels in Turkey due to the increased standards in product quality, incorporating solar technology, improved efficiency, and sustainability. The manufacturing process has been improved to produce lightweight and strong panels that allow for stringent energy efficiency and the manufacturing of high-standard products. Additionally, the innovative design of these sandwich panels facilitates the installation of solar power systems. This innovation supports green building initiatives and positions companies to meet the growing demand for sustainable building products. By combining energy efficiency with the capability to harness solar power, these advancements reflect a commitment to environmentally responsible practices, making sandwich panels a vital component in modern construction projects across Turkey.

For instance, in 2023, Teknopanel A.S. developed a completely new, radically different sandwich roof panel compatible with solar power plants. With its new design of rib structure, it can easily and quickly be set with a customized apparatus of connection, which is suitable for solar panels. It comes as an innovation supporting energy and resource efficiency and cost minimization in investment by facility owners. Teknopanel engages new-generation, sustainable buildings that adhere to green practices. The new products are produced using PUR and PIR insulation materials, which explicitly signify sustainability awareness.

Government Initiatives Act as a Catalyst

The sandwich panel market in Turkey is experiencing robust growth, driven by government initiatives to stimulate the real estate sector. The Turkish government has implemented various initiatives, including urban renewal projects and infrastructure development, to stimulate the real estate sector and bolster Turkey's economic growth. Government initiatives play a great role in housing projects focused on affordable housing for low- and middle-income families, increasing the demand for efficient building materials such as sandwich panels. Furthermore, the Citizenship by Investment program and infrastructural development form huge investments, increasing real estate value and allowing market growth for sandwich panels due to their energy efficiency and easy installation. These initiatives have enhanced the attractiveness of Turkish real estate for local and foreign investors and supported the country's real estate market growth. This focus on affordable housing addresses urgent housing needs and stimulates real estate construction across the country.

For instance, as of 2023, demand for residential real estate increased mainly due to the Citizenship by Investment program for 2024 as global economic conditions improved and attracted more investment opportunities into Turkey's fast-changing real estate market landscape. All these initiatives built together a strong environment for real estate development and further boosted the sandwich panel market in Turkey.

Non-Residential Real Estate Dominates the Sandwich Panel Market

Non-residential dominates the share of the global sandwich panel market owing to the increased establishment of distribution centers, rapid economic development, and a significant rise in demand for efficient industrial spaces. Changing consumer preferences drive the demand for shopping malls and supermarkets, increasing the demand for sandwich panels across emerging countries. Rising investments by governments of different regions in establishing commercial showrooms and offices with supporting sports facilities are the other key drivers in augmenting the demand for sandwich panels in Turkey. Additionally, the commercial sector in the non-residential construction sector has a significant demand for sandwich panels, primarily driven by the increasing demand for efficient and cost-effective building solutions within several industries. The companies operating in the market will invest in developing sustainable sites. This will develop their market as well as reduce carbon emissions.

For instance, China’s BYD COMPANY LIMITED, which vies with Tesla, Inc. for the title of the world’s top maker of battery electric vehicles, has agreed to build a USD 1 billion car factory in Turkey. According to the agreement with Turkey, BYD will produce 150,000 electric and hybrid vehicles annually and set up a research and development center for sustainable mobility technologies at the plant. These non-residential settings of manufacturing and research & development facilities will bolster the demand for the sandwich panel market in Turkey.

Repair and Renovation Construction Projects Acquire the Highest Share in the Market

The repair and renovation segment dominates the market growth owing to an increase in disposable income, changes in the preferences of the young population, rapid improvements in existing buildings, and rapid urbanization. However, the need for modernizing existing buildings through reparation rather than constructing new ones has increased the demand for building products including sandwich panels at low cost. Light and durable sandwich panels are preferred among other panels suited for repair and renovation purposes because they can be installed rapidly with minimal disruption. They provide exceptional insulation capabilities; thus, the energy efficiency of sandwich panels is attractive when applying them to update older buildings. This is in line with the increasing focus on sustainability, as sandwich panels can lead to better energy performance in a building at the same time as minimizing environmental footprint. The repair and renovation of segments is on the rise due to the natural calamities in Turkey.

For instance, in February 2023, Turkish and international organizations like the European Bank for Reconstruction and Development (EBRD), the World Bank, and the United Nations focused on developing resilient city infrastructure post-earthquakes. The World Bank alone provided USD 1.78 billion to aid in reconstruction, which will boost the reconstruction market. Ultimately, during this period the construction market for repair and reconstruction will rise, and the sandwich panel market will gain considerably and thus sustain its position as one of the most favorable solutions both for newly repaired buildings and retrofits.

Future Market Scenario (2025-2032F)

The growing emphasis on sustainable building and construction materials is set to significantly sandwich panel markets as environmentally conscious consumers and businesses prioritize eco-friendly materials and promote energy efficiency.

Government schemes implemented in Turkey will enhance the demand for sandwich panels, paving the way for the global market.

Expanded Polystyrene (EPS) based sandwich panels will gain further traction in the upscale market growth in the coming years. This surge in demand can be attributed to their exceptional insulation properties, lightweight design, and versatility in various construction applications.

Demand for larger commercial spaces in Turkey is growing and will complement market growth in the long run, thereby spurring market growth at the global level.

Key Players Landscape and Outlook

Companies in the Turkey sandwich panels industry are actively leveraging their technical potential and expertise to develop a new range of products related to sandwich panels and increasing their research and development (R&D) capabilities to expand their revenue share in the Turkey sandwich panel market. These strategies are elevating the sandwich panels market competition among the key players at the global level. Furthermore, companies announced the establishment of advanced manufacturing facilities and adopted different growth strategies, including partnerships, joint ventures, collaborations, mergers and acquisitions, new product launches, and setting up manufacturing facilities to strengthen their market positions in Turkey and abroad and expand their product line.

For instance, in May 2024, Assan Panel A.S. revealed plans to build its first manufacturing facility at Freeport East in the United Kingdom, with an investment of USD 48 million. The plant is expected to be operational by Autumn 2025 and produce sandwich panels with PIR, mineral wool, or polyurethane.