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Geographically, the Asia Pacific is predicted to provide lucrative growth opportunities to the market during the forecast period. The flourishing residential construction market, particularly in China and India, is aiding the industry growth in the region. Additionally, low interest rates for home mortgages have increased residential construction, which is the key propelling factor for the growth of the sandwich panels industry in the Asia Pacific.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global sandwich panels market attained a value of nearly USD 13.91 billion.
The market is projected to grow at a CAGR of 5.2% between 2023 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 22.03 billion by 2032.
The growing demand for sandwich panels in the residential and commercial construction sector, coupled with the various advantages offered by sandwich panels including impermeability, high thermal resistance, and acoustic properties are the major drivers of the market.
The key trends guiding the growth of the market include the growing investments in infrastructural projects due to the rapid urbanisation and industrialisation and rising awareness about energy-efficient buildings.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Polyurethane (PUR)/polyisocyanurate (PIR), mineral wool, and expanded polystyrene (EPS), among others are the leading core materials of sandwich panels in the market.
Continuous fibre reinforced thermoplastics (CFRT), fibreglass reinforced panel (FRP), aluminium, and steel, among others are the different skin materials in the market.
Wall panels, and roof panels, among others are the major applications in the market.
Residential, commercial, industrial, and institutional and others are the significant end use sectors in the market.
The key players in the global sandwich panels market are Kingspan Group, Tata Steel, Rautaruukki Corporation, ArcelorMittal Construction, ITALPANNELLI S.R.L., and DANA Group of Companies, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124