Market Research Future published a half cooked research report on “Global Sandwich Panel Market Research Report – Forecast to 2021” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2021
Safal Group, Paroc Group, SHMICO, Rautaruukki Corporation, Dana Steel Processing Industry LLC, Building Component Solutions LLC., Multicolor Steels (India) Pvt. Ltd., Pioneer Coldstore & Cladding Pvt. Ltd., ArcelorMittal Construction, Areco, Pt. Kyung Heung Indonesia, Dalal Steel Industries sarl and Vibgyor Steel are some of the prominent players at the forefront of competition in the global sandwich panel market and are profiled in MRFR Analysis.
Global Sandwich Panel Market – Overview
A sandwich panel is a structure made of layers of low density core inserted in between two relatively thin skin layers. This sandwich setup allows achieving mechanical performance with minimum weight. The most used materials for cores are polystyrene, polyurethane, phenolic aldehyde, mineral wool. Steel sandwich panel is generally used in constructions of roof, and wall. There are various factors that determine the growth of the industry such as huge investments in infrastructural projects in BRIC countries, growth in construction sector in Brazil, and increased FDI in construction in Asian countries.
Huge investments in infrastructural projects in BRIC countries have spurred the demand for sandwich panels for commercial and residential purpose. Asia-Pacific region has given a tough competition to well established European and U.S. markets when it comes to sandwich panels.
The construction sector in Brazil has witnessed a good growth with the development in Brazilian economy. Infrastructural projects in the region have been steadily rising. Consequently, there is a high demand for sandwich panels, which is attracting big market players to enter the region for business expansion.
There is seen an increase in the global foreign direct investment (FDI) inflows. The FDI inflows in construction in Asia-pacific region has led to increased construction projects and real-estate development. This along with FDI in retail has pushed the number of retail outlets in the region. This induces the demand for sandwich panels used in construction in the region.
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Global Sandwich Panel Market – Competitive Analysis
The market has witnessed new entrants and expanding of operations by existing and bigger players. The players have been expanding their business especially for sandwich panels, due to interest that it has generated among the distributors as well as the en-consumers. The need for sustainable construction and increased awareness is about the same has spiked the growth of sandwich panels.
In June 2017, Kalwall Corporation, introduced translucent sandwich panels that can add aesthetically pleasing elements to the construction. In a recent installation, the Kalwall wall system efficiently served as a heat insulator. The company’s wall systems include translucent panel which have applications in wall for a single story or less. Also, the structural sandwich panels can up to 5 feet by 20 feet, may be either flat or curved. The company has also offered customizations based on construction for their panels.
In March 2016, Building Component Solutions Co. (BCOMS) had got the FM Approvals Class 4480 certificate of compliance from FM Approvals for the company’s metal-faced, combustible core, interior wall/ceiling and exterior wall assembly building panels, as well as the FM Approvals Class 4471 certification for BCOMS insulated roof panels.
Proinvest Group is expected to complete its sandwich panel plant in 2018. The first phase of the project, worth USD 3.3 million, was completed in February 2016. The line has a capacity of 1Mm2/yr. The second phase of the project will be completed in 2018 with the commissioning of a new production line of sandwich panels.
Global Sandwich Panel Market – Segments
Global Sandwich Panel Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.
Segmentation By Material : Comprises – Polyurethane, Mineral wool, and Others
Segmentation By Types : Comprises – Wall Panels, Roof Panels, Facade Panels, and others
Segmentation By Application : Comprises – Commercial, Industrial, and others
Segmentation By Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World
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Global Sandwich Panel Market – Regional Analysis
Asia-Pacific is expected to show a very high rate of growth in demand for Sandwich Panel over the coming years, owing to increasing FDI in construction in Asia-Pacific region. There is seen an increase in the global foreign direct investment (FDI) inflows. According to United States Economic and Social Commission for Asia and Pacific (UNESCAP), it was valued at USD 1.76 trillion in 2015. This amounted for 38% increase compared with 2014. The Asia-Pacific region continued to receive a significant amount of FDI inflows, totaling USD 559 billion in 2015, an increase of 5.6% over 2014 level. The FDI inflows in construction in Asia-pacific region has led to increased construction projects and real-estate development. This has pushed the the demand for sandwich panels in the region.
Furthermore the region has also witnessed increased popularity and awareness about sustainable construction. The government through various regulations and associations has induced the demand for such panels which are used in the sustainable construction in Asia-Pacific region.
North America and Europe are the matured markets for construction. Both the regions have shown moderate growth in the private construction, especially U.S. and U.K. This is expected to fuel the demand for such panels in its private construction application. Furthermore there are various regulation governing the use and material of sandwich panels to be used in construction. Thus the market in the region is highly organized and less fragmented.
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