Global Sandwich Panels Market Analysis 2022
The Global Sandwich Panels Market is expected to reach $3.25 billion by 2028 growing at a CAGR of 10.8% from 2021 to 2028. Sandwich panels are a triple-layer structure consisting of the rigid thin outer skin and insulating core material in between. Its major ability is to protect against sound, extreme weather conditions, and sudden breakout of fires. These panels are easy to install and provide an aesthetic look.
Factors such as rising demand from the building and construction industry, increase demand for industrialization and growing investment by different governments across the globe are driving the growth of the market. However, the high cost and less fire-resistant ability of sandwich panels are restraining the growth of the market.
Based on type, the expanded polystyrene (EPS) segment is going to have a lucrative growth during the forecast period because of its favorable properties like lightweight nature and better insulation. The expanded polystyrene also provides better resistance to degradation by weather elements and biotic damage.
The key vendors mentioned are Vibgyor Steel, Tata Steel, Safal Group, Rautaruukki Corporation, Assan Panel AS, Paroc Group, Nucor Corporation, LLENTAB Group, Kingspan Group, ITALPANNELLI SRL, Invespanel SL, Fischer Profil GmbH, Cornerstone Building Brands, Building Component Solutions LLC, ArcelorMittal Construction, and Pioneer Coldstore & Cladding Pvt. Ltd.
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