Global Sandwich Panels Market Trends, Competitive Dynamics and Key Players - DANA Group of Companies, INVESPANEL SL, Kingspan Group, Building Component Solutions LLC, Nucor Corporation, Assan Panel AS

Overview:

A sandwich panel consists of a core / low density insulation material sandwiched between two metallic layers, joined together under pressure. The sandwich panel market is expected to experience a high growth rate during the forecast period from 2018 to 2023. The main users of the sandwich panel market include industrial buildings, commercial buildings, cold stores, warehouses, etc. The sandwich panels provide a sufficient level of thermal, acoustic, insulation and also prevent condensation of moisture. The sandwich panel is cheaper than conventional methods when evaluated with the concept of cost-benefit analysis. Increasing awareness of the energy efficiency of buildings, improving the thermal performance and the implementation of strict energy saving regulations should be key factors for the growth of the Sandwich panel market during the forecast period.

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Drivers and restraints:

Construction is one of the main sectors of end users that have contributed to the growth of the sandwich panel market. With the rapid industrialization of emerging economies, the need for shorter construction solutions increases, which increases the demand for sandwich panels. Due to its ease of installation, sandwich panels are economical and efficient compared to other walls. The average growth in construction spending worldwide has been 8.1% in the last five years. Spending on non-residential construction reached 4.1% in 2016 and this trend is expected to continue in the coming years. It is expected that the increasing adoption of sandwich panels for residential, commercial and infrastructure development will stimulate the market in the coming years.

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Geographical segmentation:

The Asia Pacific region has become one of the largest sandwich panel markets in recent years. With the increase in urbanization and megacities in the emerging economies of the region, the demand for sandwich panels has increased. As a result of changing demographic trends, the increase in investment in transportation and manufacturing infrastructure is expected to increase the market for sandwich panels in the coming years. In 2014, China accounted for 47% of the construction market in the Asia-Pacific region, followed by Japan (18%) and India (10%). It is expected that construction projects in this region will double to USD 6.7 billion by 2020. Emerging markets such as China and India offer a great opportunity for producers of sandwich panels.

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Outstanding players in the sandwich panel market include DANA Group of Companies (United Arab Emirates), INVESPANEL SL (Spain), Kingspan Group (Ireland), Building Component Solutions LLC (Saudi Arabia), Nucor Corporation (United States), Assan Panel AS (Turkey), Hoesch Siegerlandwerke GmbH (Germany), ArcelorMittal SA (United States), MANN Group (Italy), Zhong Jie Group (China), Romakowski GmbH & Co. KG (Germany), Tata Steel Limited (India) , NCI Building Systems Inc. (United States), Multicolor Steels India Pvt Ltd. (India) and Sintex (India)..

Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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