info@marketresearchfuture.com   📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Mineral Wool Steel Sandwich Panel Market Analysis

ID: MRFR//9385-CR | 100 Pages | Author: Pradeep Nandi| July 2022

Analyzing this market clearly shows how it heavily depends on many factors that influence its growth trends. Their use has been fuelled by increasing demand from various applications due to the insulation properties provided by mineral wool steel sandwich panels (MWSSPs) and their strength characteristics. One key factor influencing expansion dynamics herein refers to increased construction activity worldwide. The need for efficient and eco-friendly construction materials keeps increasing as countries continue widening their boundaries. They are a good combination of thermal insulation and structural integrity, which is why mineral wool steel sandwich panels are the popular choice for construction projects. The demand in emerging markets, as well as renovation activities in developed regions, has been stable.
However, consumer preferences have shifted towards environmentally friendly building materials due to increased environmental sustainability awareness. This factor has also expanded its scope of consumers while becoming a matter of interest to governments that advocate for green buildings around the world at all levels, from local to international ones. On the other hand, market dynamics do not come without challenges. Changes in costs of raw material inputs, especially steel and mineral wool, influence manufacturers' production costs directly. With economic uncertainties, geopolitical tensions, and trade conflicts, there is even more uncertainty surrounding these numbers. Companies should think critically about their business strategy in light of these external factors so that they can stay competitive and grow sustainably.
The market dynamics of Mineral Wool Steel Sandwich Panels are affected by technological advancements. Advanced automation and precision engineering, for example, make production cheaper and improve the quality of products. As competitive forces play out in the industry, this scenario will be even stronger. Numerous companies produce this product, hence increasing competition among them. Therefore, differentiating products is necessary for these firms in order to keep on track with the current market dynamic, improve quality, and find cost-effective solutions. Global economic conditions and regulatory frameworks related to construction industry development trends govern the dynamics of Mineral Wool Steel Sandwich Panels.

Covered Aspects:

Report Attribute/Metric Details
Segment Outlook Surface finish type, application, end-user, and region.

Mineral Wool Steel Sandwich Panel Market Overview


The Mineral Wool Steel Sandwich Panel Market Size was valued at USD 1,096.7 million in 2023. The Mineral Wool Steel Sandwich Panel industry is projected to grow from USD 1,181.9 million in 2024 to USD 2,098.2 million by 2032, exhibiting a compound annual growth rate (CAGR) of 7.44% during the forecast period (2024 - 2032).


Mineral wool is the core substance for wall and roof sandwich panels. It is made of two steel sheet metallic facings and a construction-insulation core layer. The inner core layer consists of mineral wool with a density of 120 kg/ m3. The components of any sandwich panel, a low-density core, and the two thin outer layers form a composite. Such panels can be fixed to different kinds of structures within the whole panel with specialized screws.


Such panels are used in applications requiring high structural rigidity to ensure strength and fire resistance. The combination of the characteristics of the components results in better performance in various applications.


Opportunities for Global Mineral Wool Steel Sandwich Panel Market:


Developing countries play an important role in the growth of the global mineral wool steel sandwich panel market as the construction industry significantly contributes to their emerging economies. The rapid growth of the emerging economies is anticipated in the countries such as China, India, Mexico, and the UAE. The construction industry in these countries is expected to witness a high growth rate owing to the availability of barren lands, which could be transformed into commercial complexes, educational institutes, military, and industrial structures.


Market Dynamics:



  • Drivers:


As international trade continues to expand, drugs, chemicals, and other perishable items are rapidly traded and transported around the world, leading to the demand for cold chain logistics, which supports the huge global trade. The rise in activities is expected to create demand for cold storage warehouses. Mineral wool steel sandwich panels are mostly used for constructing the walls, ceilings, and roofs for freezers and coolers in cold storage warehouses. They are also perfect for dry and as well wet goods warehouses and temperature-controlled buildings.



  • Opportunities:


With countries such as India and China looking to strengthen their infrastructure, government aids and subsidies in such countries are aimed at attracting significant investments in the construction industry. Sustainable construction techniques have been adopted in Asia-Pacific, mainly due to the increasing need for new housing facilities to meet the demand for quick construction from the growing population. Thus, the rapidly growing population and increasing housing construction projects are expected to lead to an increase in the demand for sandwich panels in such countries



  • Restraint:


Raw materials used for the manufacturing of steel sandwich panels are categorized as metals such as stainless steel and insulation material including mineral wool and other materials. Such materials are subject to volatility as per the macro or microeconomic trends. The fluctuating costs of the raw materials can hamper the growth of the mineral wool steel sandwich panel market. This is attributed to the need the assemble these materials to manufacture sandwich panels as per the customer demand. Metals are the most volatile commodities and any change in their price can influence the overall manufacturing cost.


Value Chain Analysis


The market for Mineral Wool Steel Sandwich Panel is expanding, and it is likely to grow considerably in the near future. The mineral wool steel sandwich panel markets value chain comprises four-level raw material suppliers, product manufacturing and assembly, distribution, and end-use application.


Segment Overview


The Global Mineral Wool Steel Sandwich Panel Market has been segmented on the basis of surface finish type, application, end-user, and region.


The global Mineral Wool Steel Sandwich Panel Market on the basis of surface type has been segmented into Plain and Corrugated. The plain surface finish type segment accounted for the largest market share in 2018 and it is estimated to register a CAGR of 5.3% during the review period.


The global Mineral Wool Steel Sandwich Panel Market on the basis of application has been segmented into wall panels, roof panels, insulated panels, and others.


The global Mineral Wool Steel Sandwich Panel Market on the basis of end-users has been segmented into residential buildings, commercial buildings, and industrial.


Regional Analysis


The Global Mineral Wool Steel Sandwich Panel Market has been studied across Asia-Pacific, North America, Europe, Middle East & Africa, and South America.


Europe accounted for the largest market share of 43.2% in 2018, due to the increasing number of projects for upgrading the existing infrastructure, rising environmental concerns, and the growing interest in cost-effective construction are factors that are driving the growth of the market in the region.


The factors contributing to the market growth in North America include increased demand for sustainable building materials in the construction industry. The strong economy and the growing real estate industry are driving the growth of the construction industry in North America. The mineral wool steel sandwich panel market in North America is driven by various factors, including the shifting customer preference for cost-effective and efficient construction techniques.


Asia-Pacific is the fastest-growing construction market, with China, India, Japan, Indonesia, Malaysia, and Australia being the major markets. The growth of the building & construction industry and improvement in the financial conditions of countries in this region have led to a rise in demand for mineral wool steel sandwich panels. Moreover, the rapid industrialization and urbanization in the emerging economies, such as China, India, and Japan, are also boosting the growth of the mineral wool steel sandwich panel market in Asia-Pacific.


Competitive Landscape


The global market for Mineral Wool Steel Sandwich Panel is projected to witness healthy growth during the forecast period, owing to the growing number of cloud storage warehouses and rising demand for fast economic construction techniques.


Key players operating in the Global Mineral Wool Steel Sandwich Panel Market include 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), and Paroc Group Oy (Finland).


Recent Developments


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.


Report Overview


As per MRFR, the Global Mineral Wool Steel Sandwich Panel Market has been growing significantly over the past few years. The Global Mineral Wool Steel Sandwich Panel Market has been segmented on the basis of card type, vehicle type, application, and region. Based on region, the graphical user interface design software market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.


Objective of the Study



  • To provide a comprehensive analysis of the Mineral Wool Steel Sandwich Panel Market and its sub-segments, thereby providing a detailed structure of the industry

  • To provide detailed insights into factors driving and restraining the growth of the global Mineral Wool Steel Sandwich Panel Market

  • To estimate the size of the global fuel cards market, 2018 shall be the base year, and 2019 to 2025 will be the forecast period for the study

  • To analyze the global Mineral Wool Steel Sandwich Panel Market in five main regions, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and South America

  • To provide country-wise market value analysis for various segments of the Mineral Wool Steel Sandwich Panel Market

  • To provide strategic profiling of key companies present across the globe and comprehensively analyze their competitiveness/competitive landscape in this market

  • To provide a value chain for the Mineral Wool Steel Sandwich Panel Market


Scope of the Report


The scope of the Global Mineral Wool Steel Sandwich Panel Market study includes the market size analysis and a detailed analysis of the vendor’s products and strategies. The Global Mineral Wool Steel Sandwich Panel Market has been segmented on the basis of card type, vehicle type, application, and region.


Intended Audience



  • Mineral Wool Steel Sandwich Panel manufacturers and providers

  • Mineral Wool Steel Sandwich Panel wholesaler and distributor

  • Automobile industry

  • Manufacturing industry

  • Construction industry

  • Technology investors

  • Regulatory industries

  • Government bodies

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.