Press release
Sandwich Panels Market Pegged for Robust Expansion During 2024 - 2031 | ArcelorMittal Construction, Areco, Assan Panel AŞ
Sandwich Panels Market
The global sandwich panels market size was valued at USD 6432.36 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 12.63% from 2022 to 2030.
Market Dynamics:
The sandwich panels market is expected to witness significant growth over the forecast period owing to increasing demand from the construction industry. Rising population and rapid urbanization have led to growth in construction activities, especially in emerging economies like India and China. This has increased the demand for prefabricated building materials like sandwich panels which offer quick installation and require less labor. Additionally, growing awareness regarding energy-efficient buildings has also propelled the demand for sandwich panels as they provide insulation against heat and sound. Strict government regulations regarding energy efficiency in building codes across countries will further boost the adoption of sandwich panels during the forecast period.
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Volatility in the Prices of Raw Materials
The sandwich panels market is impacted by fluctuations in the prices of key raw materials used in their manufacture such as steel, polymers, and insulation materials. The prices of these commodities are dependent on several economic and geopolitical factors affecting the global supply chains. Any abrupt rise in raw material costs leads to an increase in the overall production cost of sandwich panels. The high raw material prices force manufacturers to pass on extra costs to customers by raising the product prices. This poses a major barrier to the market's growth by limiting purchases from price-sensitive consumers. Stable raw material costs are crucial for maintaining the affordability of sandwich panels and thereby expanding their applications.
Market Opportunity: Growing Popularity of Green Buildings
With rising awareness about environmental protection and sustainability, green building design has become a trend worldwide. Green building involves the construction of structures using renewable and recycled resources that optimize energy and water efficiency. Sandwich panels are increasingly preferred for green construction due to their properties such as durable and lightweight design, thermal insulation, moisture resistance, and recyclability. These panels can aid builders in obtaining green building certifications like the U.S. Green Building Council's Leadership in Energy and Environmental Design (LEED). Their high performance attributes meet the criteria of sustainable construction practices. builders looking to promote their green credentials are likely to incorporate sandwich panel solutions in buildings. This presents a major growth opportunity for panel manufacturers to penetrate the lucrative green building material market.
Major Market Trend - Rising Demand for Fire-resistant and Acoustic Sandwich Panels
An important trend gaining attention in the sandwich panels industry is the increasing demand for panels with advanced functionalities. In line with strengthening construction and safety regulations worldwide, the demand for fire-resistant sandwich panels is on the rise from various end-use industries like marine, transportation, oil & gas, and construction. Similarly, there is growing emphasis on mitigating noise pollution in urban public infrastructure, industrial plants, and densely populated residential areas. This presents a lucrative opportunity for panel manufacturers to
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Top Companies Included in This Report:
★ 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
Market Segmentation:
By Product Type:
★ 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 Applications:
★ By Application: Wall Panels, Roof Panels, Insulated Panels, Other Applications
Key Regions/Countries are Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
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The report offers insights on the following topics:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Competitor Landscape of the Sandwich Panels Market by Players
Chapter 4: Market Size of the Sandwich Panels Market by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, Recent Developments, and Investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Analysis of Value Chain and Sales Channels, including notable product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
Ultimately, the Sandwich Panels Market report serves as a reliable source for acquiring market research to significantly enhance your business. It furnishes essential insights into regional economic conditions, product pricing, profitability, capacity, production, supply, demand, market growth rate, and forecasts. Additionally, the report includes a SWOT analysis, investment feasibility analysis, and return on investment analysis for new projects within the Sandwich Panels industry.
Should the aforementioned report not meet your precise requirements, we offer customized research tailored to comprehensively address your specific business needs. Our customized research will encompass all the pertinent business information necessary to assist you in making strategic and profitable business decisions.
Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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About Us
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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