Mineral Wool Steel Sandwich Panel Market

As per Market Research Future Analysis, the Mineral Wool Steel Sandwich Panel Market was valued at USD 1,096.7 million in 2023 and is projected to grow to USD 2,098.2 million by 2032, with a CAGR of 7.44% from 2024 to 2032. The panels consist of mineral wool insulation sandwiched between two steel sheets, providing high structural rigidity and fire resistance. The market is driven by the increasing demand for cold storage warehouses and sustainable construction practices, particularly in emerging economies like China and India. However, the volatility of raw material prices poses a challenge to market growth.

Tata Steel Limited (India), ArcelorMittal S.A (Luxembourg), Kingspan Group (Ireland), Manni Group (Italy), Knauf (Germany), Johns Manville (US), Metecno Group (Italy), Isomec Sandwich Panels (Italy), Balex Metal (Poland), Building Component Solution LLC (Saudi Arabia), Eurobond (UK), Paroc Group Oy (Finland).

Johns Manville launched JM CladStone 110 and JM CladStone 80, which are mineral wool products with product densities depending on their exterior commercial mineral wool insulation, JM CladStone Water & Fire Block. These products come within densities ranging from 4.5 PCF to 11.0 PCF and can be used in a variety of exterior cavity walls, rain screens, and continuous insulation applications in December 2019.

Isopan invented a new leaf technology to enhance the performance of sandwich panels. The leaf technology improves the technical performances of insulating polyurethane panels using a lower thermal conductivity (Lambda), which enables the creation of thinner and lighter envelopes and a larger interior space. Moreover, this technology helps reduce energy expenses by 20% in both new and renovated buildings. In January 2017.

Tata Steel Europe, a subsidiary of Tata Group, combined its steel operations with Thyssenkrupp AG to increase its market presence in Europe, enhance its product portfolio, and counter the set back of fluctuating tariffs in the US. In July 2018.