Sandwich Panels Market To Touch USD 1956.5 Mn by 2023 | Global Industry Trends, Statistics, Size, Share, Growth Factors, Regional Analysis and Competitive Landscape to 2023

Global Sandwich Panels Market Information: by Type (Glass Wool, Rock Wool), Application (Commercial Buildings, Agricultural Buildings), and Region – Global Forecast Till 2023

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

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Overview:

The global sandwich panels market is expecting to touch a valuation of USD 1,956.5 million by 2023, Market Research Future (MRFR) in their extensively studied report includes chief drivers and detailed study of segments to deliver reliable prediction about the market future. The growth of the construction industry and demand for sandwich panels in commercial buildings are factors anticipated to drive market growth over the forecast period (2018-2023).

Awareness of increasing consumption of electricity and need for energy-efficient measures are likely to spur the demand for sandwich panels. Sandwich panels possess inherent properties of durability, protection against unpredictable climes, and high thermal insulation protection. These are expected to drive the demand for these materials in the construction sector in the long run. Policies which support energy efficiency and reduce the production cost have created the growth opportunity for the sandwich panels market to expand its wings. Moreover, the need for energy efficient buildings which consume low levels of electricity to control greenhouse gas (GHG) emissions is also expected to bode well for the market.

Segmentation:

The sandwich panels market can be segmented by type and application.

By type, the market is segmented into EPS sandwich panels, polyurethane (PUR)/polyisocyanurate (PIR) sandwich panels, glass wool, rock wool, and others. Among these, the PUR/PIR segment accounted for 35.1% share in the sandwich panels market in 2017. Its size is predicted to scale to USD 717.5 million by 2023, at a CAGR of 7.81% during the assessment period. The EPS sandwich panel segment is the second-largest after PUR/PIR and can expand at a 7.29% CAGR over the forecast period. This can be credited to its lightweight nature and high durability.

Major applications include cold storage, industrial buildings, residential buildings, and commercial buildings. Cold storage is expected to register the fastest growth rate of 7.54% during the forecast period owing to the ability of sandwich panels to maintain the required room temperature in these buildings. The demand for these solutions in the Middle East which undergo longer durations of extreme heat is likely to bolster the segment size to USD 366.8 million by 2023. But the commercial buildings segment which accounted for 47.81% share in 2017 is expected to expand at a 7.12% CAGR during the assessment period.

Regional Analysis:

The sandwich panels market covers the latest trends and opportunities across North America, Europe, Asia Pacific (APAC), and the Rest-of-the-World (RoW).

Europe accounted for 43.28% market share in 2017. It is predicted to grow at a 7.13% CAGR over the forecast period to touch a valuation of USD 851.4 million by 2023. Government policies pushing for energy-efficient measures are likely to drive the market demand in the region. Retrofitting of sandwich panels in old buildings can considerably reduce the energy consumption levels and do its part in reducing the carbon footprint.

APAC stood at second position with close to 29.70% share in 2017. It is touted to expand at the highest CAGR of 7.49% during the assessment period. Factors facilitating the speedy growth are rapid industrialization and urbanization in developing economies, expansion of the construction sector, and push for green policies. Furthermore, the inflow of foreign direct investment (FDI) and the huge distribution channels of major manufacturers are likely to spur the regional sandwich panels market growth during the forecast period.

Research Methodology

At MRFR, our research analysts conduct a thorough objective analysis of the market while creating market reports by adhering to a rigorous set of standards which allow a truly comprehensive view of the market. Use of primary research strategies such as interviews with top executives of prominent beverage manufacturing companies. Secondary research entails a thorough analysis of past and present trends in a forward-looking manner.

In addition, market size estimation and validation use both top-down & bottom-up approaches to obtain data from the value and supply chain. The balanced number of buyers and suppliers will result in a negligible demand-supply gap. Credible resources are accessed and verified by analysts to understand the nuances of market factors with consistency. Competent data analysts use strong analytical tools to ascertain accurate analysis of very relevant parameters in an effort to provide clients with a conclusive and dependable view of the future.

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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 Dynamcs
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)

Continued.......

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