A sandwich panel is a structure which is made from three layers, namely low density core which is inserted between two relatively thin skin layers. This sandwich setup enables achievement of excellent mechanical performance at minimum weight. Polystyrene, polyurethane, phenolic aldehyde, and mineral wool are some of the most common materials used for the cores. According to the report published by 99Strategy, the global sandwich panels market is expected to ascend at a lucrative rate of the forecast period.
The sandwich panels market is influenced by many factors, in a positive manner, which as aided such growth. Some of the factors driving the market include rising demand for sandwich panels among real estate developers and increasing number of infrastructure projects undertaken by governments of developed and developing economies. Further, construction of special economic zones is further accelerating the growth of the market over the forecast period. Moreover, construction of commercial building, owing to rapid industrialization is likely to set the market on an impressive growth trajectory.
Furthermore, the sandwich panels have several features that make them an attractive construction material for usage. Some of these features include is ability to protect against sound and extreme weather conditions. Also, protection against sudden breakout fires is an attractive factor causative of high adoption rate of sandwich panels in the construction industry. Additionally, proliferation noted in the construction industry, as a whole is also expected to propel the market growth through the forecast period.
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Some of the most notable and emerging players in the global sandwich panels market include Kingspan, Metecno, Isopan, TATA Steel, Romakowski, Lattonedil, RigiSystems, Isomec, GCS, Zhongjie, AlShahin, Nucor Building Systems, ArcelorMittal, Tonmat, Marcegaglia, Italpannelli, Alubel, NCI Building Systems, Jingxue, Ruukki, Balex, Hoesch, Dana Group, Multicolor, Zamil Vietnam, BCOMS, Silex, Pioneer India, Panelco.
The global market for sandwich panels is segmented on the basis of product, application, and region. By product, the market is segmented into EPS panels, PUR, PIR panels, PF panels, mineral/glass wool panels, and others. By application, the market is segmented into building wall, building roof, and cold storage.
Detailed Regional Analysis
The global sandwich panels market is segmented into the regions of Asia Pacific, North America, Europe, South America, and the Middle East & Africa. Europe is expected to garner the largest share of the market over the forecast period. This can be accredited to the encouraging government policies for the adoption of energy efficient measures. Further, retrofitting of these panels in older buildings is resulting in lower energy consumption, in turn, promoting higher demand for the same in the market. Countries such as Germany, France and the UK are expected to lead the country-specific market for sandwich panels over the conjecture period.
APAC also held a substantial share of the market, and is expected to expand at a higher rate during the assessment period. Rapid industrialization and urbanization in developing countries such as India and China are some of the most primary factors fostering market growth. Moreover, inflow of FDI from global market giants is also supporting growth in the regional market.
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