Sandwich Panel Market Growth has Attributed To Construction Sector Expansion | Global Industry Analysis, Segments Overview, Major Geographies, Prominent Players Review and Forecast To 2023

Sandwich Panel Market Growth has Attributed To Construction Sector Expansion | Global Industry Analysis, Segments Overview, Major Geographies, Prominent Players Review and Forecast To 2023

“\”Sandwich Panel\””
Sandwich Panel Market Research Report 2019 published By Market Research Future, provides information on Global Sandwich Panel Industry Size, Share, Trends, Growth and Opportunity Assessment with Regional Analysis and Segmentation By Type (Glass Wool, Rock Wool), Application (Commercial Buildings, Agricultural Buildings), and Region – Global Forecast Till 2023

Global Sandwich Panel Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.

Global Sandwich Panels Market – Summary

With construction sector witnessing unprecedented growth across the world, sandwich panels are fast becoming a much-desired construction material. Sandwich panels are perfect for temperature control and insulation and also complies with aesthetic requirements of developers. It further provides an easy and quick installation service. Sandwich panels protect buildings from weather conditions and fire, and long durability gives sandwich panels an edge to withstand the evolving market. The global sandwich panels market can expect a healthy 7.04% CAGR during the forecast period (2018-2023) and touch a market valuation of USD 1,956.5 million, reveals Market Research Future (MRFR) in an extensively studied report.

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The construction sector is evolving at an enviable pace as high demand for infrastructure and buildings in the developing countries are pushing the sector ahead. Sandwich panels have created a niche for itself by exhibiting superior properties such as insulation and ability to withstand rough climate. Furthermore, it’s weight and cost work in favor of the construction sector and has made the segment popular with the energy sector, commercial buildings and cold storage. This can bring in high demand for the sandwich panels market over the forecast period.

Commercial buildings and special economic zones (SEZs) in developing countries are receiving much accolades from governments and investors. However, energy efficiency has become a thing to go for now as rising eco-awareness has spurred the need for green buildings. Sandwich panels are a perfect solution for that, hence, its inflating market demand.

On the flip side, what it lacks is the steady price of its raw materials. Aluminum and stainless steel have extensive use in the production of sandwich panels, but their prices in global market fluctuate quite rapidly making the sector vulnerable. This could prove pivotal in dampening the expected market growth during the forecast period.

Market Insight:

The intense competition of the sandwich panels market can be attributed to strategies employed by different companies to cement their market position. For instance, Kingspan has allied with Jindal Megtec to expand their base to the Indian subcontinent. NCI building system merged recently with Ply Gem Parent, LLC to better the portfolio they wish to offer to their clients.

Market giants impacting the sandwich panels market are –

  • DANA Group of Companies (UAE)
  • INVESPANEL SL (Spain)
  • Kingspan Group (Ireland)
  • Building Component Solutions LLC (Saudi Arabia)
  • Nucor Corporation (U.S.)
  • Assan Panel A.S. (Turkey)
  • Hoesch Siegerlandwerke GmbH (Germany)
  • ArcelorMittal S.A. (U.S.)
  • MANNI Group (Italy)
  • Zhong Jie Group (China)
  • Romakowski GmbH & Co. KG (Germany)
  • Tata Steel Limited (India)
  • NCI Building Systems Inc. (U.S.)
  • Multicolor Steels India Pvt Ltd. (India)
  • Sintex (India)
  • others

Segmentation Analysis:

By type, the sandwich panels market includes polyurethane (PUR) and polyisocyanurate (PIR) sandwich panels, expanded polystyrene (EPS), glass wool, rock wool, and others. PUR and PIR sandwich panels accounted for 35.1% of the global share. Its market valuation could easily scale USD 717.5 million by 2023 with the fastest CAGR of 7.81% during the forecast period. EPS would follow the lead with a projected valuation of USD 627.7 million by 2023 and 7.29% CAGR during the review period.

By application, the sandwich panels market comprises buildings such as residential, commercial, agricultural and cold storage. Commercial buildings account for 47.8% of the total market share. The predicted market value of commercial buildings can escalate to USD 940 million by 2023 with a CAGR of 7.12% over the review period. However, cold storage segment would register the fastest market growth of 7.54% during the assessment period.

Regional Analysis:

Region-specific sandwich panels market includes namely four regions Asia Pacific (APAC), North America, Europe, and Rest-of-the-World (RoW).

Europe, with 43.3% of the global market share is dominating the sandwich panels market. Its market value could easily touch a valuation of USD 851.4 million by 2023 with a healthy CAGR of 7.13% during the forecast period. Germany is spearheading the regional market with predicted market valuation of USD 491.3 million and a healthy CAGR of 7.13% during the same period.

Emerging economies in the APAC is providing enough prodding to the sector to make it the fastest growing region in the world. Its expected sandwich panels market value could scale valuation of USD 596.1 million by 2023 with the fastest CAGR of 7.49% during the forecast period. China can have the largest market share with USD 276.4 million valuation, whereas, India can expect the fastest CAGR of 8.64% during the forecast period.

North America can have a substantial market valuation of USD 370.8 million by 2023, with the U.S. playing a pivotal role in it with an expected USD 315.5 million valuation to support the regional growth.

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Table of Contents

1 Executive Summary

2 Market Introduction
2.1 Definition 
2.2 Scope of the Study 
2.3 Market Structure 
2.4 Key Takeaways

3 Research Methodology
3.1 Research Process 
3.2 Primary Research 
3.3 Secondary Research 
3.4 Market Size Estimation 
3.5 Forecast Model 
3.6 List of Assumptions

4 Market Dynamics
4.1 Overview 
4.2 Drivers 
4.2.1 Rising Demand for Fast and Economic Construction Techniques 
4.2.2 Growing Construction of Commercial Buildings and Special Economic Zones (Sezs) in Developing Countries 
4.2.3 Driver Impact Analysis 
4.3 Restraint 
4.3.1 Fluctuating Costs of Raw Materials 
4.3.2 Restraint Impact Analysis 
4.4 Opportunity 
4.4.1 Increasing Awareness for Energy Efficient Infrastructure

5 Market Factor Analysis
5.1 Supply Chain Analysis 
5.1.1 Procurement of Components 
5.1.2 Assembly and Manufacturing 
5.1.3 Finished Product 
5.1.4 Distribution to End-users 
5.2 Porter’s Five Forces Model 
5.3 Threat of New Entrants 
5.3.1 Bargaining Power of Buyers 
5.3.2 Bargaining Power of Suppliers 
5.3.3 Threat of Substitutes 
5.3.4 Intensity of Rivalry

Continued……

List of Tables

Table 1 Market Synopsis 
Table 2 List of Assumptions 
Table 3 Global Sandwich Panels Market, by Type, 2012-2023 (Usd Million) 
Table 4 Global Sandwich Panels Market, by Application, 2012-2023 (Usd Million) 
Table 5 Global Sandwich Panels Market, by Region, 2012-2023 (Usd Million) 
Table 6 North America Sandwich Panels Market, by Country, 2012-2023 (Usd Million) 
Table 7 North America: Sandwich Panels Market, by Type, 2012-2023 (Usd Million) 
Table 8 North America: Sandwich Panels Market, by Application, 2012-2023 (Usd Million) 
Table 9 U.s.: Sandwich Panels Market, by Type, 2012-2023 (Usd Million)

Continued…….

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