Press release
Emerging Trends to Drive Sandwich Panels Market Growth at 7% CAGR Through 2029
Sandwich Panels Market Size
Sandwich Panels Market Size Growth Forecast: What to Expect by 2025?
The market size of sandwich panels has experienced significant growth in recent years. The market is projected to rise from $16.99 billion in 2024 to $18.43 billion in 2025, with a compound annual growth rate (CAGR) of 8.5%. The historic growth can be ascribed to the expansion of global construction industries, an increase in per capita income, persistent urbanization, accelerated infrastructure development, and a shift towards sustainable architecture and design.
How Will the Sandwich Panels Market Size Evolve and Grow by 2029?
The market size for sandwich panels is projected to witness substantial growth in the coming years, expanding to $24.13 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 7.0%. The projected growth in this period can be ascribed to the rise in vast infrastructure projects, the amplified focus on sustainable construction methods, the use of advanced manufacturing techniques and automation, and the burgeoning growth of the construction industry in burgeoning markets. Noteworthy trends to observe during the forecast period encompass the increasing appeal of aluminum and steel skin materials, the broadening of applications beyond standard building constructions, and asserting collaborations amongst suppliers and contractors.
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What Drivers Are Propelling the Growth of Sandwich Panels Market Forward?
The expansion of the sandwich panels market is forecasted to be driven by a heightened demand in the construction sector. The construction process entails the creation of a blueprint for a structure at a given location and the consequent assembly of various elements to build that structure. The steady rise in urbanization and population leads to an increased requirement for infrastructure, residential space, and commercial facilities. Due to their focus on sustainability and energy efficiency, sandwich panels are widely used in construction, providing fast building solutions. For example, the Office for National Statistics predicted that construction output would rise by 2.4% in volume terms in February 2023. Hence, the surging demand for construction is facilitating the growth of the sandwich panels market.
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Which Emerging Trends Are Transforming the Sandwich Panels Market in 2025?
Top-tier companies in the sandwich panel market are advancing technology in order to improve profits. They accomplish this through sandwich panel design automation, which involves the utilization of automated systems, software, and equipment to design and fabricate sandwich panels. For example, in January 2022, AGACAD, a software firm based in the US, introduced sandwich panel design automation for Revit. The innovation seeks to bridge a notable void in the building information modeling (BIM) tool market by enhancing the swift production of comprehensive insulated panels complete with any support structure. It also transforms an architectural Revit model into an accurate sandwich panel structural model.
What Are the Key Segments in the Sandwich Panels Market?
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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Who Are the Key Players Shaping the Sandwich Panels Market's Competitive Landscape?
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
What Geographic Markets Are Powering Growth 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.
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