Sandwich Panels Market Analysis by Growth: 2024, Business Dynamics, Product Segments and Regional Overview 2031 | ArcelorMittal Construction, Areco, Assan Panel AŞ

Market Overview:

Sandwich panels consists of low-density core material such as mineral wool, polyurethane, or expanded polystyrene placed between two thin but strong panels made of materials such as steel, aluminum composites, plywood, or other wood types. They offer benefits such as lightweight, thermal and acoustic insulation, durability, flexibility, and strength. They are widely used in construction of cool rooms, warehouses, walk-in freezers, buildings, chiller rooms, and other commercial and industrial structures.

Market Dynamics:

The global sandwich panels market is expected to grow at a significant rate, owing to growing demand from the construction industry for developing energy efficient and sustainable buildings. Additionally, increasing application of sandwich panels in construction of cold storage facilities and walk-in freezers is also expected to boost market growth during the forecast period. Versatility and low construction costs associated with sandwich panels make them a preferred choice for a variety of construction and insulation applications.

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Major market players included in this report are:

★ ArcelorMittal Construction
★ Areco
★ Assan Panel AŞ
★ Building Components Solutions LLC
★ Cornerstone Building Brands
★ DANA Group of Companies
★ Kingspan Group
★ Multicolor Steels (India) Pvt Ltd
★ Rautaruukki Corporation
★ Safal Group.
★ ITALPANNELLI SRL
★ Tata Steel
★ Sintex

*Disclaimer: Major Players are sorted in no particular order.

Detailed Segmentation:

By Skin Material
Continuous Fiber Reinforced Thermoplastics (CFRT)
Fiberglass Reinforced Panel (FRP)
Aluminum
Steel
Other Skin Materials

By Core Material
✦ Polyurethane (PUR)
✦ Polyisocyanurate (PIR)
✦ Mineral Wool
✦ Expanded Polystyrene (EPS)
✦ Other Core Materials

BY Application
✦ Wall Panels
✦ Roof Panels
✦ Insulated Panels
✦Other Applications

By End-User Industry
✦ Residential
✦ Commercial
✦ Industrial
✦ Institutional/Infrastructure

Regional Analysis:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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✦ Growing Demand from Construction Industry

The construction industry has been a major driver in boosting the adoption of sandwich panels. Sandwich panels are increasingly being used for walls, roofs, and facades of commercial as well as residential buildings owing to their various advantages such as strength, insulation, ease of installation, and cost-effectiveness. Moreover, rapid urbanization and infrastructure development activities across developing economies have increased the construction of malls, warehouses, factories, and other commercial structures which employ sandwich panels on a large scale. With the ongoing construction boom worldwide especially in the Asia Pacific region, the demand from this sector for sandwich panels is expected to witness strong growth in the coming years.

✦ Increasing Demand from Transportation Industry

The transportation industry is also emerging as a key end-user of sandwich panels due to their light weight and high mechanical strength properties. Sandwich panels help reduce the weight of vehicles without compromising on strength which positively impacts fuel efficiency. They are widely utilized in rail and metro coaches, buses, trucks, recreational vehicles, aircraft interiors, and ships/boats. Growing transportation infrastructure and fleet expansion around the world have augmented the consumption of sandwich panels in this industry. Moreover, stringent emission regulations in many countries are compelling vehicle manufacturers to use more lightweight construction materials like sandwich panels.

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✦ Fluctuating Raw Material Prices

Fluctuating prices of major raw materials used in manufacturing sandwich panels such as plastics, resins, and core materials pose a major challenge to industry players. The costs of these raw materials are subject to volatility due to factors like supply & demand forces, crude oil prices, and global economic conditions. Any substantial increase in raw material costs negatively impacts the profit margins of manufacturers. Moreover, manufacturers also face difficulties in passing on the entire cost burden to customers due to market competition which further squeezes their margins. These uncertain raw material price movements can potentially restrain the steady growth of the sandwich panels market.

✦ Opportunity in Renewable Energy Sector

The renewable energy industry, especially wind and solar power generation, provides significant opportunities for the sandwich panels market. Sandwich panel constructions are highly suitable for applications like wind turbine blades, nacelles, and solar panel frames owing to their strength, durability, lightweight, and insulation properties. With global emphasis growing on increasing the share of renewable sources of energy to combat climate change, the demand for wind turbines and solar panels is surging constantly. The unique benefits of sandwich panel constructions can help their increasing adoption in this lucrative and rapidly expanding sector.

✦ Rise of Green Building Concepts

Environmentally-friendly or green construction using sustainable materials is emerging as an important trend in the global construction industry. Sandwich panels made from recycled materials or having high thermal insulation abilities align well with the criteria of green buildings. Their advantages such as durability, energy-efficiency, and recyclability offer significant contributions to sustainability. Moreover, sandwich panel constructions result in less waste generation during construction and have lower lifecycle energy usage compared to traditional building techniques. Increasing government regulations and construction codes supporting green buildings are opening up opportunities for sustainable sandwich panel suppliers. This trend is expected to propel the future demand for eco-friendly sandwich panel products.

Key Questions

• How much revenue will the global Sandwich Panels Market generate by the end of the forecast period?

• What regions currently contribute the maximum share to the overall Sandwich Panels Market?

• What are the indicators expected to drive the global Sandwich Panels Market?

• Which region is likely to be a lucrative market during the forecast period?

• What are the essential strategies incorporated by key stakeholders in the global Sandwich Panels Market to expand their geographical presence?

• What are the major advancements witnessed in the global Sandwich Panels Market?

• This report answers these questions and more about the global Sandwich Panels Market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Table Of Content

Chapter No. 1 Introduction

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. USP & Key Offerings

1.2. Key Benefits for Stakeholders

1.3. Target Audience

1.4. Report Scope

Chapter No. 2 Executive Summary

2.1. Key Findings

2.1.1. Top Investment Pockets

2.1.1.1. Market Attractiveness Analysis, By Type

2.1.1.2. Market Attractiveness Analysis, By End Use

2.1.1.3. Market Attractiveness Analysis, By Region

2.2. Market Snapshot

2.3. Global Sandwich Panels Market, 2018 - 2022 (US$ Million)

2.4. Insights from Primary Respondents

Chapter No. 3 COVID-19 Impact Analysis

3.1. Impact Assessment of COVID-19 Pandemic, By Region

3.1.1. North America

3.1.2. Europe

3.1.3. Asia Pacific

3.1.4. Latin America

3.1.5. The Middle East and Africa

Chapter No. 4: Company Profiles

4.1 Company Overview
4.2 Financial elements
4.3 Product Landscape
4.4 SWOT Analysis
4.5 Systematic Outlook

Chapter No. 5: Assumptions and Acronyms

Chapter No. 6: Research Methodology

Chapter No. 7: Contact (Continue . . .)

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