Sandwich Panels Market

The sandwich panel has two layers of rigid material that are bonded together to the side of a lightweight core. The sandwich panels are being used in various applications where a combination of high structural rigidity and low weight is needed. The structure of a sandwich panel is similar to the classic I-beam, where two face sheets primarily resist the in-plane and lateral bending loads. Sandwich panels with a core of EPS, mineral wool, and polyurethane are widely available in the market.

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The global sandwich panels market is predicted to witness strong demand in the coming years. This is mainly due to the continuous growth in the construction sector at the global level, which is increasing the adoption of sandwich panels for the construction of buildings. Additionally, the increasing number of infrastructural projects, especially in the developing and developed economies, will further surge the growth of the market in the coming years. The growing emphasis on the construction of special economic zones and commercial building due to the rapid industrialization is another factor that will encourage the end-users to opt for sandwich panels in the coming years. Numerous leading manufacturers are introducing sandwich panels for industrial and commercial construction segment. For example, Alucoil has launched Larcore ®, a sandwich panel with honeycomb core and aluminum skins agencies in a continuous industrial process.

The increasing cold storage application of structural insulated panels is a significant factor that is contributing to the growth of the market in the coming years. The sandwich panel are material made by combining the layers of metals with protecting materials. They are high durability and fast installation as it has easy design, which makes it a more feasible choice as compared to the traditional roof panels. On the other hand, the fluctuations in the prices of raw materials is one of the biggest factors that is likely to hamper the growth of the market in the coming years. With the outbreak of the COVID-19 pandemic, the construction sector around the world has been adversely impacted, particularly in 2020. This factor has led to the fall in demand for sandwich panels; however, the market is projected to bounce back in 2021, while increasing at a sustainable rate from 2021 onwards.

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Based on the core material, the Polyurethane (PUR) segment is predicted to grow at a higher CAGR during the forecast period. This is mainly due to the strong demand for polyurethane-based insulated panels that provide better resistance to temperature and are lightweight. Furthermore, the accelerating demand for high-end commercial construction applications that need better insulation is projected to surge the demand for polyurethane material.

On the basis of application, the wall panels segment is projected to witness a faster CAGR over the forecast period. The increasing demand for renovation of residential structures due to the improving living standards and increasing disposable income of individuals is one of the biggest factors that is surging the growth of the segment in the market. The sandwich panels with expanded polystyrene core are increasingly used in the construction of inside walls and floors.

Based on the end-use sector, the residential segment is expected to lead the market over the next six years. This is attributed to the increasing number of residential construction projects which required energy-efficient and ecological materials. Moreover, the rise in the requirement for the renovation of residential structures owing to the continuous improvement in the living standard is another factor that is boosting the demand of the segment in the market.

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Based on the region, Asia-pacific region is expected to lead the global sandwich panels market during the forecast period. China is one of the fastest-growing economies in the world and almost every end-user sector in the country is growing at a significant rate due to the increasing rate of population, improvement in living standards, and the growing per capita income of individuals in this country. In addition to this, the growing focus on migrating from rural to urban areas, especially in China and India, is another factor that is boosting the demand of the market in the Asian region. Demographics in China is projected to increase the growth of residential construction activities, which in turn, will further energize the growth of the market.

Various notable players operating in the market include ArcelorMittal Construction, Areco, Assan Panel A.S., Building Component Solutions LLC, Cornerstone Building Brands, DANA Group of Companies, ITALPANNELLI SRL, Kingspan Group, Multicolor Steels (India) Pvt Ltd., and Rautaruukki Corporation, among others.

The Global Sandwich Panels Market has been segmented on the basis of Core Material, Skin Material​, Application, End-use Sector and key regions. Based on Core Material, the market is segmented into Polyurethane, Polyisocyanurate, Mineral Wool, Expanded Polystyrene, and Other Core Materials. Based on Skin Material​, the market is segmented into Continuous Fiber Reinforced Thermoplastics, Fiberglass Reinforced Panel, Aluminum, Steel, and Other Skin Materials​. Based on Application, the market is segmented into Wall Panels, Roof Panels, Insulated Panels, and Other Applications. Based on End-use Sector the market is segmented into Residential, Commercial, Industrial, and Institutional and Infrastructure. 

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Key questions answered in this research report:

• • At what pace is Global Sandwich Panels Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Global Sandwich Panels Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the Global Sandwich Panels Market?
  • Which application generated maximum revenues in 2019 and identify the most promising applications during the forecast period?
  • What are the various core material areas of Global Sandwich Panels Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Sandwich Panels Market by Core Material

• • Polyurethane (PUR)
  • Polyisocyanurate (PIR)
  • Mineral Wool
  • Expanded Polystyrene (EPS)
  • Other Core Materials

Global Sandwich Panels Market by Skin Material​

• • Continuous Fiber Reinforced Thermoplastics (CFRT)​
  • Fiberglass Reinforced Panel (FRP)
  • Aluminum
  • Steel
  • Other Skin Materials​

Global Sandwich Panels Market by Application

• • Wall Panels
  • Roof Panels
  • Insulated Panels
  • Other Applications

Global Sandwich Panels Market by End-use Sector

• • Residential
  • Commercial
  • Industrial
  • Institutional and Infrastructure

Global Sandwich Panels Market by Region

• • North America Global Sandwich Panels Market (Option 1: As a part of the free 25% customization)
    • North America Global Sandwich Panels Market by Core Material
    • North America Global Sandwich Panels Market by Skin Material​
    • North America Global Sandwich Panels Market by Application
    • North America Global Sandwich Panels Market by End-use Sector
    • US Global Sandwich Panels Market All-Up
    • Canada Global Sandwich Panels Market All-Up
  • Europe Global Sandwich Panels Market (Option 2: As a part of the free 25% customization)
    • Europe Global Sandwich Panels Market by Core Material
    • Europe Global Sandwich Panels Market by Skin Material​
    • Europe Global Sandwich Panels Market by Application
    • Europe Global Sandwich Panels Market by End-use Sector
    • UK Global Sandwich Panels Market All-Up
    • Germany Global Sandwich Panels Market All-Up
    • France Global Sandwich Panels Market All-Up
    • Spain Global Sandwich Panels Market All-Up
    • Rest of Europe Global Sandwich Panels Market All-Up
  • Asia-Pacific Global Sandwich Panels Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Global Sandwich Panels Market by Core Material
    • Asia-Pacific Global Sandwich Panels Market by Skin Material​
    • Asia-Pacific Global Sandwich Panels Market by Application
    • Asia-Pacific Global Sandwich Panels Market by End-use Sector
    • China Global Sandwich Panels Market All-Up
    • India Global Sandwich Panels Market All-Up
    • Japan Global Sandwich Panels Market All-Up
    • Rest of APAC Global Sandwich Panels Market All-Up
  • RoW Global Sandwich Panels Market (Option 4: As a part of the free 25% customization)
    • RoW Global Sandwich Panels Market by Core Material
    • RoW Global Sandwich Panels Market by Skin Material​
    • RoW Global Sandwich Panels Market by Application
    • RoW Global Sandwich Panels Market by End-use Sector
    • Brazil Global Sandwich Panels Market All-Up
    • South Africa Global Sandwich Panels Market All-Up
    • Saudi Arabia Global Sandwich Panels Market All-Up
    • UAE Global Sandwich Panels Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Global Sandwich Panels Market All-Up

Major Players Operating in the Market Name (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • ArcelorMittal Construction
  • Areco
  • Assan Panel A.S.
  • Building Component Solutions LLC
  • Cornerstone Building Brands
  • DANA Group of Companies
  • ITALPANNELLI SRL
  • Kingspan Group
  • Multicolor Steels (India) Pvt Ltd.
  • Rautaruukki Corporation