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The global sandwich panels market is a multibillion-dollar
industry providing cost-effective and sustainable construction solutions.
Sandwich panels consist of a thermally insulating core placed between two thin
facings or skins and are widely used in commercial and industrial construction
for walls, roofs, and doors owing to their lightweight, durability, and
excellent thermal insulation properties. The core materials can be mineral
wool, polyurethane foam, or expanded polystyrene, while the facings are
generally composed of galvanized steel, aluminum, or fiber-reinforced plastic panels.
Sandwich panels allow for speedy prefabricated construction that reduces
on-site labor costs and waste.
The Global sandwich panels market is
estimated to be valued at US$ 17.5 billion in 2031 and is expected to exhibit a
CAGR of 9.1% over the forecast period 2024 to 2031.
The Sandwich
Panels Companies are Kingspan Group, ArcelorMittal, TATA Steel, NCI
Building Systems, Rautaruukki, and Metecno.
Key Takeaways
Key players operating in the sandwich panels market: Kingspan Group is the
global leader in various insulation panels including sandwich panels.
ArcelorMittal is another major manufacturer focusing on steel-faced sandwich
panels.
Growing demand: There is increasing demand for sandwich panels from the cold
storage, warehousing and logistics sectors due to their ability to provide
highly insulated buildings ideal for temperature-controlled facilities at lower
costs.
Global expansion: Major manufacturers are expanding their production capacities
globally to capitalize on the growing infrastructure development programs in
Asia Pacific and Middle East & Africa. For instance, Kingspan Group has
invested in new factories in India and Saudi Arabia.
Market Key Trends
One of the Sandwich
Panels Market Growth
is the rapidly growing infrastructure and construction sectors globally aided
by urbanization. Sandwich panels help achieve sustainable green buildings
through their high insulation properties which reduce energy consumption
substantially over the lifetime of the structures. Modern technologies have
enabled enhanced insulation core materials such as vacuum insulated panels
(VIPs) offering even better thermal performance at very small panel thickness.
Porter’s
Analysis
Threat of
new entrants: Low capital requirement but need to compete with established
players.
Bargaining power of buyers: Buyers have significant bargaining power due to
availability of substitutes.
Bargaining power of suppliers: Suppliers have moderate bargaining power due to
availability of substitute materials.
Threat of new substitutes: Substitutes like solid panels and insulated concrete
forms pose moderate threat.
Competitive rivalry: Intense competition among existing players.
The European region dominates the sandwich panels market in terms of value.
Western European countries such as Germany, France and UK account for majority
of the demand. The growth can be attributed to strong construction activity in
these countries.
The Asia Pacific region is expected to be the fastest growing market for
sandwich panels during the forecast period. Developing countries such as China
and India are showing significant growth owing to rapid urbanization,
infrastructure development and investment in commercial real estate sector.
Government initiatives to develop smart cities and increased disposable income
also contribute to the demand in the region.
Get more
insights on Sandwich
Panels Market
For
Deeper Insights, Find the Report in the Language that You want
About
Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry.
She specializes in writing well-researched articles from different industries,
including food and beverages, information and technology, healthcare, chemical
and materials, etc.
(https://www.linkedin.com/in/ravina-pandya-1a3984191)
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