Press release
Emerging Sandwich Panels Market Trend 2025-2034: Technological Advancements By Innovative Design Automation To Increase Efficiency And Precision
Sandwich Panels Market
The sandwich panels market has seen strong growth in recent years. It is projected to grow from $16.99 billion in 2024 to $18.43 billion in 2025, at a CAGR of 8.5%. This growth can be attributed to the expanding construction industry globally, rising per capita income, continued urbanization, rapid infrastructural development, and the shift towards sustainable architecture and design.
The sandwich panels market is projected to grow strongly, reaching $24.13 billion in 2029 at a CAGR of 7.0%. The growth drivers include large-scale infrastructure projects, a focus on sustainable construction practices, advanced manufacturing processes, and the expansion of the construction industry in emerging markets. Key trends include the rising popularity of aluminum and steel skin materials, the diversification of sandwich panel applications, and increased collaboration between suppliers and contractors.
What Are the Key Drivers Behind the Growth of the Sandwich Panels Market?
The rising demand for construction activities is expected to drive the expansion of the sandwich panels market. Construction involves designing and assembling structures at specific locations using various components. Due to increasing urbanization and population growth, the need for residential, commercial, and infrastructure projects is expanding. Sandwich panels are widely used in construction for their sustainability and energy efficiency, offering quick and cost-effective building solutions. For instance, the Office for National Statistics reported that in February 2023, monthly construction output in the UK increased by 2.4% in volume terms. Thus, the growing demand for construction activities is fueling the expansion of the sandwich panels market.
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Who Are the Major Industry Players Fueling Sandwich Panels Market Expansion?
Major companies operating in the sandwich panels market are ArcelorMittal S.A., Dana Group, Marcegaglia, Kingspan Group, Nucor Corporation, TATA Steel, NCI Building Systems, Assan Panel, Arconic Inc., Fischer Profil GmbH, Lattonedil, Isopan, Italpannel S.R.L, Multicolor Steel India Pvt. Ltd., Premier Building System Inc., Jiangsu Jingxue Insulation Technology Co. Ltd., Zhong Jie Group, Building Component Solutions LLC, Metecno, Romakowski GmbH & Co. KG, InGreen Systems, 3A Composites, Arpanel, Extreme Panel Technologies Inc
Which Key Developments Are Influencing the Sandwich Panels Market?
Major firms in the sandwich panel market are implementing design automation tools. In January 2022, AGACAD, a US-based software company, introduced a sandwich panel design automation tool for Revit.
How Is the Segmentation of the Sandwich Panels Market Defined?
The sandwich panels market covered in this report is segmented -
1) By Core Material: Polyurethane, Polyisocyanurate, Mineral Wool, Expanded Polystyrene
2) By Skin Material: Continuous Fiber Reinforced Thermoplastics (CFRT), Fiberglass Reinforced Panel (FRP), Aluminum, Steel
3) By Application: Wall Panels, Roof Panels, Insulated Panels
4) By End-Use: Residential, Commercial, Industrial, Institutional And Infrastructure
Subsegments:
1) By Polyurethane (PUR): Rigid Polyurethane Foam Core, Flexible Polyurethane Foam Core
2) By Polyisocyanurate (PIR): PIR Foam Core, Rigid PIR Core Panels
3) By Mineral Wool: Rock Wool Core Panels, Glass Wool Core Panels
4) By Expanded Polystyrene (EPS): White EPS Core Panels, Grey EPS Core Panels
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What Is the Leading Region in the Sandwich Panels Market?
North America was the largest region in the sandwich panels market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sandwich panels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Sandwich Panels Global Market Report?
- Market Size Analysis: Analyze the Sandwich Panels Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Sandwich Panels Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Sandwich Panels Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Sandwich Panels Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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