Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Sandwich Panels Market Size Expected to Grow from USD 8.97 Billion in 2023 to 19.30 Billion by 2033, at a CAGR of 7.96% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Sandwich Panels Market Size, Share, and COVID-19 Impact Analysis, By Type (Polystyrene, Polyurethane, Mineral Wool, and Others), By Application (Wall Panels, Roof Panels, Insulated Panels, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
The sandwich panels market manufactures composite panels with two outer layers (skins) and a core material. They are widely used in construction, insulation, and even industrial applications to give lightweight strength along with thermal insulation. The core materials might vary from polystyrene, polyurethane, or mineral wool, depending on the application, but the skins are made from either metal or fiberglass. Moreover, the sandwich panels market is driven by increasing demand for energy-efficient building solutions, growing construction and infrastructure activities, and government regulations on energy savings. These panels offer superior thermal insulation, soundproofing, and cost-effective installation, making them ideal for residential, commercial, and industrial projects. In addition, their lightweight and durable nature, along with advancements in core materials and aesthetic appeal, contribute to their growing popularity. This is further supported by green building trends and the general need for sustainable construction. However, the restraints for the sandwich panels market include high initial costs, low awareness in emerging markets, complex installation processes, and vulnerability to extreme weather conditions, which restrict its adoption in some applications.
The polyurethane segment accounted for the largest share of the global sandwich panels market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
On the basis of type, the global sandwich panels market is divided into polystyrene, polyurethane, mineral wool, and others. Among these, the polyurethane segment accounted for the largest share of the global sandwich panels market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is mainly due to excellent thermal insulation properties, lightweight, and cost-effectiveness. The use of polyisocyanurate foam insulation in commercial, residential, and industrial applications is wide, particularly in roofing, facades, and cold storage where high-performance insulation is needed.
The wall panels segment accounted for a substantial share of the global sandwich panels market in 2023 and is anticipated to grow at a rapid pace during the projected period.
On the basis of application, the global sandwich panels market is divided into wall panels, roof panels, insulated panels, and others. Among these, the wall panels segment accounted for a substantial share of the global sandwich panels market in 2023 and is anticipated to grow at a rapid pace during the projected period. The segmental growth is due to the growing demand in residential, commercial, and industrial buildings for energy-efficient, durable, and cost-effective construction. These panels provide excellent thermal insulation, fire resistance, and soundproofing, making them a popular choice for facades and exterior walls.
Asia Pacific is projected to hold the largest share of the global sandwich panels market over the projected period.
Asia Pacific is projected to hold the largest share of the global sandwich panels market over the projected period. The demand for sandwich panels in commercial, residential, and industrial projects is being driven by the region's significant investments in infrastructure development and the adoption of green building materials. Rapid urbanization, construction growth, and increasing demand for energy-efficient buildings in countries like China, India, and Japan also contribute to the demand for sandwich panels.
North America is expected to grow at the fastest CAGR growth of the global sandwich panels market during the projected period. This is driven by strong demand for energy-efficient, sustainable construction solutions. Countries such as Germany, France, and the UK concentrate on green building regulations and eco-friendly construction. The focus of the region on industrial applications, cold storage, and insulated buildings serves to increase the adoption of sandwich panels in residential and commercial sectors.
Company Profiling
Major vendors in the global sandwich panels market are Kingspan Group, Owens Corning, Isopan, PFB Corporation, Metecno Group, Green Span Profiles, American Insulated Panel, Metl-Span, KPS Global, Dana Group of Companies, American Buildings Company, Ingreen Building Systems, Structural Panels Inc., Hemsec Manufacturing Ltd., FischerSIPS, and Others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global sandwich panels market based on the below-mentioned segments:
Global Sandwich Panels Market, By Type
Global Sandwich Panels Market, By Application
Global Sandwich Panels Market, By Regional
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