Sandwich Panels Market is Expected to Showcase Rampant Growth Over 2032

Pune, India, August 2019, MRFR Press Release/- Market Research Future has Published a Cooked Research Report on th Global Sandwich Panels Market.

According to the latest report by Market Research Future (MRFR), the market is expected to record a significant market valuation at a steady CAGR of 8.85% over the review period.

Factors such as the awareness of rising consumption of electricity and the need for energy-efficient procedures are likely to drive the demand for sandwich panels over the forecast period. Sandwich panels possess inherent properties of protection against unpredictable climes, durability, and high thermal insulation protection. These are likely to offer favorable conditions for the rising demand in the construction sector in the future. Regulatory policies which support energy efficiency and the reduction of the production cost are expected to create a scope of growth opportunities for the Sandwich Panels Market over the assessment period. furthermore, the need for energy-efficient buildings which have lower levels of electricity consumption to control greenhouse gas (GHG) emissions is also expected to bode well for the market growth in the forecast period.

Segmental Analysis

The global sandwich panels market has been segmented by type and application.

By type, the sandwich panels market has been segmented into polyurethane (PUR)/polyisocyanurate (PIR) sandwich panels, EPS sandwich panels, rock wool, glass wool, and others. Among these, the PUR/PIR segment is predicted to reach a substantial valuation of USD 717.5 Million by 2032, at a 8.85%% CAGR over the assessment period. The EPS sandwich panel segment is accounted for the second-largest, at a 7.29% CAGR over the review period. This can be attributed to its lightweight nature and higher durability.

Primary applications of sandwich panels include industrial buildings, cold storage, residential buildings, and commercial buildings. Cold storage is estimated to register the fastest growth rate of 7.54% during the review period, owing to the capability of sandwich panels to uphold the required room temperature in these facilities. The segment is expected to record a valuation of USD 366.8 million by 2032. On the other hand, the commercial buildings segment is anticipated to rise at a 7.12% CAGR during the review period.

Regional Analysis

The global sandwich panels market covers the latest trends and opportunities across several regions, including Europe, Asia Pacific (APAC), North America, and the Rest-of-the-World (RoW).

Europe is assessed as one of the largest regions in terms of value, in the global sandwich panels market, and it is predicted to grow at a 8.85% CAGR over the forecast period to reach a significant valuation of USD 851.4 million by 2023. Government policies encouraging the adoption of energy-efficient measures are probable to drive the market demand in the region. Retrofitting of sandwich panels in older buildings can significantly reduce the energy consumption rates and contribute notably towards the reduction of the carbon footprint set by European developing countries such as Germany, France, the UK, among others.

APAC is also accounted for a significant regional market share in the global sandwich panel market and is slated to rise at the highest CAGR of 7.49% during the assessment period. Factors driving the rapid growth are rapid industrialization and urbanization in developing economies such as India, China, Japan, among others, development of the construction sector, and support for green policies. in addition, the inflow of foreign direct investment (FDI) from global market players and the substantial distribution channels of chief manufacturers are likely to drive the regional sandwich panels market growth in the Asia Pacific during the forecast period.

Key Players

Key players in the sandwich panels market identified by MRFR include Hoesch Siegerlandwerke GmbH (Germany), Romakowski GmbH & Co. KG (Germany), Zhong Jie Group (China), MANNI Group (Italy), Nucor Corporation (U.S.), Multicolor Steels India Pvt Ltd. (India), Sintex (India), DANA Group of Companies (UAE), ArcelorMittal S.A. (U.S.), Assan Panel A.S. (Turkey), INVESPANEL SL (Spain), Kingspan Group (Ireland), Building Component Solutions LLC (Saudi Arabia), NCI Building Systems Inc. (U.S.), and Tata Steel Limited (India).

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