Sandwich Panels Market Size, 2023–2030; Industry Statistics & Growth Analysis
Sandwich Panels Market size surpassed USD 918.4 Million in 2022 and is poised to reach USD 1.35 Million, growing at over 4.3% CAGR between 2023 and 2030. With the rising demand from various industries such as construction, automotive, and aerospace, the market valuation of sandwich panels is projected to expand at a considerable rate.
Growth Drivers & Opportunities:
1. Increasing Construction Activities: The growing construction industry, particularly in emerging economies, is driving the demand for sandwich panels. These panels find extensive usage in building facades, roofs, walls, and partitions, offering energy efficiency, durability, and aesthetic appeal.
2. Energy Efficiency and Environmental Concerns: Sandwich panels are widely preferred due to their excellent insulation properties, which contribute to energy efficiency in buildings. Additionally, these panels help in reducing carbon emissions, thus promoting sustainable construction practices.
Request free Sample: https://www.fundamentalbusinessinsights.com/request-sample/1032
3. Technological Advancements: Continuous technological advancements in the manufacturing of sandwich panels have led to the development of lightweight and high-performance variants. This has widened the scope of applications and increased product adoption.
4. Rapid Industrialization: The industrial sector, including automotive, aerospace, and cold storage warehouses, is witnessing substantial growth across the globe. This surge in industrialization is anticipated to augment the demand for sandwich panels, owing to their structural integrity, thermal insulation, and fire resistance properties.
Segmentation Analysis:
1. Material Type:
a) Polyurethane (PUR) sandwich panels: These panels offer excellent thermal insulation properties and are widely used in applications requiring temperature control, such as cold storage facilities and refrigerated transportation.
2. Skin Material:
a) Steel sandwich panels: Steel skin sandwich panels are known for their durability, strength, and resistance to corrosion. They are extensively utilized in industrial and commercial construction projects.
3. Application:
a) Building and Construction: Sandwich panels find extensive usage in the construction industry for applications such as roof panels, wall cladding, and floor systems. These panels enable faster and cost-effective construction while offering excellent thermal insulation properties.
4. End-Use Industry:
a) Industrial: Sandwich panels are commonly used in industrial applications, including warehouses, factories, and logistics centers. Their lightweight yet robust design, along with insulation properties, make them an ideal choice for industrial construction projects.
Request for customization in this report @
https://www.fundamentalbusinessinsights.com/request-for-customization/1032
Regional Forecast:
North America
In North America, the demand for sandwich panels is primarily driven by the construction industry. The region’s growing focus on sustainable and energy-efficient building materials is propelling the adoption of sandwich panels. Moreover, the increasing investment in infrastructure development and renovation projects is further contributing to the market growth in this region.
Asia Pacific
In Asia Pacific, rapid industrialization, urbanization, and infrastructure development are key factors fueling the demand for sandwich panels. Countries like China and India are witnessing a substantial increase in the construction of commercial and residential buildings, thereby driving the market growth. Additionally, the government’s initiatives to promote sustainable construction practices are expected to propel the market growth in this region.
Europe
Europe is another significant market for sandwich panels, driven by stringent building regulations and the need for energy-efficient solutions. The growing demand for green buildings, coupled with the increasing emphasis on reducing carbon emissions, is fueling the adoption of sandwich panels in this region. Furthermore, the presence of major construction and automotive industries in countries like Germany and Italy is contributing to the market expansion.
Table of Contents (TOC) of Report:
Chapter 1. Methodology
- Market Definition
- Study Assumptions
- Market Scope
- Segmentation
- Regions Covered
- Base Estimates
- Forecast Calculations
- Data Sources
- Primary
- Secondary
Chapter 2. Executive Summary
Chapter 3. Sandwich Panels Market Insights
- Market Overview
- Market Drivers & Opportunity
- Market Restrains & Challenges
- Regulatory Landscape
- Ecosystem Analysis
- Technology & Innovation Outlook
- Key Industry Developments
- Partnership
- Merger/Acquisition
- Investment
- Product Launch
- Supply Chain Analysis
- Porter’s Five Forces Analysis
- Threat of New Entrants
- Threat of Substitutes
- Industry Rivalry
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- COVID-19 Impact
- PESTLE Analysis
- Political Landscape
- Economic Landscape
- Social Landscape
- Technology Landscape
- Legal Landscape
- Environmental Landscape
- Competitive Landscape
- Introduction
- Company Market Share
- Competitive Positioning Matrix
About Fundamental Business Insights:
Fundamental Business Insights is global market research and consulting company which is engaged in providing in depth market reports to its various types of clients like industrial sectors, financial sectors, universities, non-profit, and corporations. Our goal is to offer the correct information to the right stakeholder at the right time, in a format that enables logical and informed decision making. We have a team of consultants who have experience in offering executive level blueprints of markets and solutions. Our services include syndicated market studies, customized research reports, and consultation.
Contact us:
Fundamental Business Insights and Consulting.
USA: +1–415–800–3393
India: +91–845–965–4589
