The Global Sandwich Panel Market is valued approximately at USD 1.8 Billion in 2023 and is anticipated to grow with a healthy growth rate of more than 9.02% over the forecast period 2024-2032. A sandwich panel is a composite building material used primarily in construction and architecture. It consists of three layers: two thin, outer layers (called facings) and a thicker, insulating core layer. The core is sandwiched between the two facings, providing both structural strength and thermal insulation. The market is experiencing robust growth driven by the increasing infrastructure projects arising from rapid urbanization and industrialization in both developed and emerging countries. The demand for sandwich panels is bolstered by their numerous benefits, such as thermal resistance, acoustic insulation, mechanical properties, impermeability, and fire behaviour.
Sandwich panels offer several advantages that are driving market growth, including quick and easy installation, excellent thermal insulation, and aesthetic appeal for buildings. These panels arrive as fully compatible, ready-to-assemble components, tailored in insulation types, dimensions, and colors based on the structure. Their thermal insulation properties ensure durability and resistance to mold and humidity. The varying thickness of sandwich panel insulation allows for adaptability to different building requirements, enhancing their appeal for both internal and external applications. Moreover, the demand for sandwich panels in cold storage applications is rising, driven by their exceptional insulating capacity, which is crucial for maintaining constant temperatures in refrigerated warehouses. The panels' quick installation process and aesthetic appearance further contribute to their growing popularity. Additionally, innovations such as the introduction of the Gillfab 4037 sandwich panel by The Gill Corporation in June 2023, designed for non-structural interior applications in business aircraft, highlight the potential for market development during the forecast period.
Key regions considered for the global Sandwich Panel market study include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America dominates the market due to the presence of numerous manufacturing companies and significant demand for modern construction materials. Europe follows, driven by increased investments in building development, maintenance, and repair. The Asia-Pacific region is expected to grow at the fastest CAGR due to its burgeoning construction industry, fast industrialization, and urbanization.
Major market players included in this report are:
- DANA Group of Companies
- INVESPANEL SL
- Kingspan Group
- Building Component Solutions LLC
- Nucor Corporation
- Assan Panel A.S.
- Hoesch Siegerlandwerke GmbH
- ArcelorMittal S.A.
- MANNI Group
- Zhong Jie Group
- Romakowski GmbH & Co. KG
- Tata Steel Limited
- NCI Building Systems Inc.
- Multicolor Steels India Pvt Ltd.
- Sintex
The detailed segments and sub-segments of the market are explained below:
By Type:
- PUR/PIR Sandwich Panels
- Glass Wool
- Rock Wool
- Others
By Application:
- Residential Buildings
- Commercial Buildings
- Agricultural Buildings
- Cold Storage
By Skin Material:
- Continuous Fibre Reinforced Thermoplastics (CFRT)
- Fibreglass Reinforced Panel (FRP)
- Aluminum
- Steel
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global Sandwich Panel Market Executive Summary
- 1.1. Global Sandwich Panel Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Application
- 1.3.3. By Skin Material
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Sandwich Panel Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Sandwich Panel Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Increase in Infrastructure Projects
- 3.1.2. Benefits of Sandwich Panels
- 3.1.3. Rising Demand in Cold Storage Applications
- 3.2. Market Challenges
- 3.2.1. High Initial Investment
- 3.2.2. Fluctuating Costs of Raw Materials
- 3.3. Market Opportunities
- 3.3.1. Innovation in Sandwich Panel Technologies
- 3.3.2. Expansion in Emerging Markets
Chapter 4. Global Sandwich Panel Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunity
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Sandwich Panel Market Size & Forecasts by Type 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Sandwich Panel Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. PUR/PIR Sandwich Panels
- 5.2.2. Glass Wool
- 5.2.3. Rock Wool
- 5.2.4. Others
Chapter 6. Global Sandwich Panel Market Size & Forecasts by Application 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Sandwich Panel Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Residential Buildings
- 6.2.2. Commercial Buildings
- 6.2.3. Agricultural Buildings
- 6.2.4. Cold Storage
Chapter 7. Global Sandwich Panel Market Size & Forecasts by Skin Material 2022-2032
- 7.1. Segment Dashboard
- 7.2. Global Sandwich Panel Market: Skin Material Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Continuous Fibre Reinforced Thermoplastics (CFRT)
- 7.2.2. Fibreglass Reinforced Panel (FRP)
- 7.2.3. Aluminum
- 7.2.4. Steel
- 7.2.5. Others
Chapter 8. Global Sandwich Panel Market Size & Forecast by Region 2022-2032
- 8.1. North America Sandwich Panel Market
- 8.1.1. U.S. Sandwich Panel Market
- 8.1.1.1. Type breakdown size & forecasts, 2022-2032
- 8.1.1.2. Application breakdown size & forecasts, 2022-2032
- 8.1.1.3. Skin Material breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Sandwich Panel Market
- 8.2. Europe Sandwich Panel Market
- 8.2.1. U.K. Sandwich Panel Market
- 8.2.2. Germany Sandwich Panel Market
- 8.2.3. France Sandwich Panel Market
- 8.2.4. Spain Sandwich Panel Market
- 8.2.5. Italy Sandwich Panel Market
- 8.2.6. Rest of Europe Sandwich Panel Market
- 8.3. Asia-Pacific Sandwich Panel Market
- 8.3.1. China Sandwich Panel Market
- 8.3.2. India Sandwich Panel Market
- 8.3.3. Japan Sandwich Panel Market
- 8.3.4. Australia Sandwich Panel Market
- 8.3.5. South Korea Sandwich Panel Market
- 8.3.6. Rest of Asia-Pacific Sandwich Panel Market
- 8.4. Latin America Sandwich Panel Market
- 8.4.1. Brazil Sandwich Panel Market
- 8.4.2. Mexico Sandwich Panel Market
- 8.4.3. Rest of Latin America Sandwich Panel Market
- 8.5. Middle East & Africa Sandwich Panel Market
- 8.5.1. Saudi Arabia Sandwich Panel Market
- 8.5.2. South Africa Sandwich Panel Market
- 8.5.3. Rest of Middle East & Africa Sandwich Panel Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. DANA Group of Companies
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Market Strategies
- 9.3.2. INVESPANEL SL
- 9.3.3. Building Component Solutions LLC
- 9.3.4. Assan Panel A.S.
- 9.3.5. Hoesch Siegerlandwerke GmbH
- 9.3.6. ArcelorMittal S.A.
- 9.3.7. MANNI Group
- 9.3.8. Zhong Jie Group
- 9.3.9. Romakowski GmbH & Co. KG
- 9.3.10. NCI Building Systems Inc.
- 9.3.11. Multicolor Steels India Pvt Ltd.
- 9.3.12. Sintex
- 9.3.13. Kingspan Group
- 9.3.14. Nucor Corporation
- 9.3.15. Tata Steel Limited
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes