The sandwich panels market size is expected to see strong growth in the next few years. It will grow to $22.59 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to increase in large-scale infrastructure projects, enhanced focus on sustainable building practices, adoption of advanced manufacturing processes and automation, expansion of the construction industry in emerging markets. Major trends in the forecast period include growing popularity of aluminum and steel skin materials, expansion of applications beyond traditional building constructions, increased collaboration between suppliers and contractors.
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Segmentation & Regional Insights
The sandwich panels market covered in this report is segmented –
1) By Core Material: Polyurethane, Polyisocyanurate, Mineral Wool, Expanded Polystyrene
2) By Skin Material: Continuous Fiber Reinforced Thermoplastics (CFRT), Fiberglass Reinforced Panel (FRP), Aluminum, Steel
3) By Application: Wall Panels, Roof Panels, Insulated Panels
4) By End-Use: Residential, Commercial, Industrial, Institutional And Infrastructure
North America was the largest region in the sandwich panels market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sandwich panels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Increased demand in construction is expected to propel the growth of the sandwich panels market going forward. Construction involves the process of creating a design for a structure at a specific location and then assembling various components to construct that structure. Due to growing urbanization and population growth, there is a growing demand for infrastructure, housing, and commercial space. Sandwich panels are utilized in construction, due to their emphasis on sustainability and energy efficiency which enhances quick building solutions. For instance, according to the Office for National Statistics, monthly construction output is estimated to have increased 2.4% in volume terms in February 2023. Therefore, the increased demand for construction is driving the growth of the sandwich panels market.
Key Industry Players
Major companies operating in the sandwich panels market are ArcelorMittal S.A., Dana Group, Marcegaglia, Kingspan Group, Nucor Corporation, TATA Steel, NCI Building Systems, Assan Panel, Arconic Inc., Fischer Profil GmbH, Lattonedil, Isopan, Italpannel S.R.L, Multicolor Steel India Pvt. Ltd., Premier Building System Inc., Jiangsu Jingxue Insulation Technology Co. Ltd., Zhong Jie Group, Building Component Solutions LLC, Metecno, Romakowski GmbH & Co. KG, InGreen Systems, 3A Composites, Arpanel, Extreme Panel Technologies Inc
The sandwich panels market report table of contents includes:
1. Executive Summary
2. Sandwich Panels Market Characteristics
3. Sandwich Panels Market Trends And Strategies
4. Sandwich Panels Market – Macro Economic Scenario
5. Global Sandwich Panels Market Size and Growth
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31. Sandwich Panels Market Other Major And Innovative Companies
32. Global Sandwich Panels Market Competitive Benchmarking
33. Global Sandwich Panels Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Sandwich Panels Market
35. Sandwich Panels Market Future Outlook and Potential Analysis
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