Product Code: GVR-4-68040-090-2
Sandwich Panels Market Growth & Trends:
The global sandwich panels market size is expected to reach USD 14.99 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.3% from 2024 to 2030 This growth can be attributed to flourishing global construction sector around the globe. The construction industry across the world is witnessing significant growth owing to rising public and private investments in the development of transportation infrastructure, residential spaces, and commercial buildings. This growth is expected to offer increased demand for sandwich panels.
Furthermore, factors such as the growing global population, rising per capita income of the masses in countries such as the U.S., Mexico, India, and China, and ongoing urbanization are fueling the construction of residential and non-residential buildings worldwide. This, in turn, is anticipated to drive the global demand for sandwich panels in the coming years.
Initiatives undertaken by governments of different countries across the world to encourage and promote the construction of green and energy-efficient buildings are also fueling the global demand for sandwich panels. This is because sandwich panels are lightweight. Moreover, they improve the external appearance and thermal performance of buildings.
The demand for energy-efficient buildings is increasing owing to the presence of stringent government regulations and the rise in global awareness regarding environmental preservation, this in turn, is anticipated to fuel the installation of thermal insulation such as sandwich panels in residential, non-residential, commercial, and industrial buildings. Favorable government policies, coupled with increasing awareness among the masses in Asia Pacific and Central & South America, are also key factors driving the growth of sandwich panels market.
Sandwich panels market is expected to be negatively affected by the high initial installation costs of these panels and maintenance issues related to them. The problems associated with the routine maintenance or performance evaluation processes of materials surge without removing their insulation layers or framework. This increases the risk of failure if structural components are not checked and maintained regularly. However, growing technological initiatives are projected to result in the production of superior materials for use as thermal insulation in buildings, thereby reducing the maintenance requirements of structural components.
The sandwich panels market exhibits the presence of large number of product manufacturers with high manufacturing capacity and geographical presence. These manufacturers are continuously investing in improving the quality and volume of the production. In addition, the manufacturers are largely dependent on reliable suppliers with high goodwill on account of past product procurement, making it moderately difficult for the new entrants to penetrate in the market. This is anticipated to limit the entry of new market players. Moreover, high initial investment required to set up the business is expected to further restrict new entrants.
Sandwich Panels Market Report Highlights:
- The polystyrene panels segment dominated the market in 2023 and accounted for a revenue share of 72.4%. Foamed plastics, also known as cellular polymers or expanded plastics, are insulation materials that offer superior sound absorption.
- The non-residential sub-segment dominated the market with a revenue share of 58.5% in 2023 and is further expected to grow at the highest rate from 2024 to 2030.
- The walls and floors application segment was valued at the highest revenue share of 53.96% in 2023 and is projected to expand at a CAGR of 7.6% from 2024 to 2030.
- Asia Pacific is expected to witness the fastest revenue CAGR of 8.8% from 2024 to 2030. Expansion of the residential, commercial, and industrial sectors on account of sustainable economic growth in Asia Pacific is expected to boost construction activities, thereby driving product demand.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.3. Research Scope & Assumption
- 1.4. Information Procurement
- 1.4.1. Purchased Database
- 1.4.2. GVR's Internal Database
- 1.4.3. Secondary Sources & Third-Party Perspectives
- 1.4.4. Primary Research
- 1.5. Information Analysis
- 1.5.1. Data Analysis Models
- 1.6. Market Formulation & Data Visualization
- 1.7. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Sandwich Panels Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Sandwich Panels Market: Industry Value Chain Analysis
- 3.2.1. Raw Material Trend
- 3.2.1.1. Polyurethane
- 3.2.1.2. Polystyrene
- 3.2.1.3. Glass wool
- 3.2.2. Manufacturing Trends
- 3.2.3. Price Trends Analysis
- 3.2.4. Sales Channel Analysis
- 3.3. Regulatory Framework
- 3.3.1. Analyst Perspective
- 3.3.2. Regulations
- 3.4. Technology Overview
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.1.1. Flourishing global construction industry
- 3.5.1.2. Increasing number of Favorable government regulations
- 3.5.2. Market Restraints Analysis
- 3.5.2.1. Growing environmental concerns
- 3.5.3. Industry Opportunity
- 3.5.4. Industry Challenges
- 3.6. Sandwich Panels Market - Business Environment Analysis Tools
- 3.6.1. Industry Analysis: Porter's
- 3.6.2. Pestel Analysis
- 3.7. Market Disruption Analysis
Chapter 4. Sandwich Panels Market: Product Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Product Market Share Analysis, 2023 & 2030
- 4.3. Sandwich Panels Market Estimates & Forecast, By Product, 2018 - 2030 (USD Billion)
- 4.4. Polystyrene Panels
- 4.5. Polyurethane Panels
- 4.6. Glass Wool Panels
- 4.7. Others
Chapter 5. Sandwich Panels Market: Application Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. Application Market Share Analysis, 2023 & 2030
- 5.3. Sandwich Panels Market Estimates & Forecast, By Application, 2018 - 2030 (USD Billion)
- 5.4. Walls & Floors
- 5.5. Roofs
- 5.6. Cold Storage
Chapter 6. Sandwich Panels Market: End-use Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. End-use Market Share Analysis, 2023 & 2030
- 6.3. Sandwich Panels Market Estimates & Forecast, By End-use, 2018 - 2030 (USD Billion)
- 6.4. Residential
- 6.5. Non-residential
Chapter 7. Sandwich Panels Market: Regional Estimates & Trend Analysis
- 7.1. Key Takeaways
- 7.2. Regional Market Share Analysis, 2023 & 2030
- 7.3. North America
- 7.3.1. North America sandwich panels market estimates & Forecasts, 2018 - 2030 (Million square meters) (USD Billion)
- 7.3.2. U.S.
- 7.3.2.1. U.S. sandwich panels market estimates & Forecasts, 2018 - 2030 (Million square meters) (USD Billion)
- 7.3.3. Canada
- 7.3.3.1. Canada sandwich panels market estimates & Forecasts, 2018 - 2030 (Million square meters) (USD Billion)
- 7.3.4. Mexico
- 7.3.4.1. Mexico sandwich panels market estimates & Forecasts, 2018 - 2030, (Million square meters) (USD Billion)
- 7.4. Europe
- 7.4.1. Europe sandwich panels market estimates & Forecasts, 2018 - 2030 (Million square meters) (USD Billion)
- 7.4.2. Germany
- 7.4.2.1. Germany sandwich panels market estimates & Forecasts, 2018 - 2030 (Million square meters) (USD Billion)
- 7.4.3. UK
- 7.4.3.1. UK sandwich panels market estimates & Forecasts, 2018 - 2030 (Million square meters) (USD Billion)
- 7.4.4. France
- 7.4.4.1. France sandwich panels market estimates & Forecasts, 2018 - 2030 (Million square meters) (USD Billion)
- 7.4.5. Spain
- 7.4.5.1. Spain sandwich panels market estimates & Forecasts, 2018 - 2030 (Million square meters) (USD Billion)
- 7.4.6. Italy
- 7.4.6.1. Italy sandwich panels market estimates & Forecasts, 2018 - 2030 (Million square meters) (USD Billion)
- 7.5. Asia Pacific
- 7.5.1. Asia Pacific sandwich panels market estimates & Forecasts 2018 - 2030, (Million square meters) (USD Billion)
- 7.5.2. China
- 7.5.2.1. China sandwich panels market estimates & Forecasts, 2018 - 2030 (Million square meters) (USD Billion)
- 7.5.3. Japan
- 7.5.3.1. Japan sandwich panels market estimates & Forecasts, 2018 - 2030, (Million square meters) (USD Billion)
- 7.5.4. India
- 7.5.4.1. India sandwich panels market estimates & Forecasts, 2018 - 2030, (Million square meters) (USD Billion)
- 7.5.5. Australia
- 7.5.5.1. Australia sandwich panels market estimates & Forecasts, 2018 - 2030, (Million square meters) (USD Billion)
- 7.6. Central & South America
- 7.6.1. Central & South America sandwich panels market estimates & Forecasts 2018 - 2030 (Million square meters) (USD Billion)
- 7.6.2. Brazil
- 7.6.2.1. Brazil sandwich panels market estimates & Forecasts, 2018 - 2030 (Million square meters) (USD Billion)
- 7.6.3. Argentina
- 7.6.3.1. Argentina sandwich panels market estimates & Forecasts, 2018 - 2030 (Million square meters) (USD Billion)
- 7.7. Middle East & Africa
- 7.7.1. Middle East & Africa sandwich panels market estimates & Forecasts 2018 - 2030, (Million square meters) (USD Billion)
- 7.7.2. UAE
- 7.7.2.1. UAE sandwich panels market estimates & Forecasts, 2018 - 2030 (Million square meters) (USD Billion)
Chapter 8. Supplier Intelligence
- 8.1. Kraljic Matrix
- 8.2. Engagement Model
- 8.3. Negotiation Strategies
- 8.4. Sourcing Best Practices
- 8.5. Vendor Selection Criteria
- 8.6. List of Raw Material Suppliers
- 8.7. List of End Users
Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Competition Categorization
- 9.3. Company Market Positioning
- 9.4. Company Heat Map Analysis, 2023
- 9.5. Company Market Share Analysis, 2023
- 9.6. Strategy Mapping, 2022
- 9.7. Company Listing
- 9.7.1. Kingspan Group
- 9.7.1.1. Company Overview
- 9.7.1.2. Financial Performance
- 9.7.1.3. Product Benchmarking
- 9.7.1.4. Strategic Initiatives
- 9.7.2. Owens Corning
- 9.7.2.1. Company Overview
- 9.7.2.2. Financial Performance
- 9.7.2.3. Product Benchmarking
- 9.7.2.4. Strategic Initiatives
- 9.7.3. Isopan
- 9.7.3.1. Company Overview
- 9.7.3.2. Financial Performance
- 9.7.3.3. Product Benchmarking
- 9.7.3.4. Strategic Initiatives
- 9.7.4. PFB Corporation
- 9.7.4.1. Company Overview
- 9.7.4.2. Financial Performance
- 9.7.4.3. Product Benchmarking
- 9.7.4.4. Strategic Initiatives
- 9.7.5. METECNO GROUP
- 9.7.5.1. Company Overview
- 9.7.5.2. Financial Performance
- 9.7.5.3. Product Benchmarking
- 9.7.5.4. Strategic Initiatives
- 9.7.6. Green Span Profiles
- 9.7.6.1. Company Overview
- 9.7.6.2. Financial Performance
- 9.7.6.3. Product Benchmarking
- 9.7.6.4. Strategic Initiatives
- 9.7.7. American Insulated Panel
- 9.7.7.1. Company Overview
- 9.7.7.2. Financial Performance
- 9.7.7.3. Product Benchmarking
- 9.7.7.4. Strategic Initiatives
- 9.7.8. Metl-Span
- 9.7.8.1. Company Overview
- 9.7.8.2. Financial Performance
- 9.7.8.3. Product Benchmarking
- 9.7.8.4. Strategic Initiatives
- 9.7.9. KPS Global
- 9.7.9.1. Company Overview
- 9.7.9.2. Financial Performance
- 9.7.9.3. Product Benchmarking
- 9.7.9.4. Strategic Initiatives
- 9.7.10. Dana Group of Companies
- 9.7.10.1. Company Overview
- 9.7.10.2. Financial Performance
- 9.7.10.3. Product Benchmarking
- 9.7.10.4. Strategic Initiatives
- 9.7.11. American Buildings Company
- 9.7.11.1. Company Overview
- 9.7.11.2. Financial Performance
- 9.7.11.3. Product Benchmarking
- 9.7.11.4. Strategic Initiatives
- 9.7.12. INGREEN BUILDING SYSTEMS.
- 9.7.12.1. Company Overview
- 9.7.12.2. Financial Performance
- 9.7.12.3. Product Benchmarking
- 9.7.12.4. Strategic Initiatives
- 9.7.13. Structural Panels Inc.
- 9.7.13.1. Company Overview
- 9.7.13.2. Financial Performance
- 9.7.13.3. Product Benchmarking
- 9.7.13.4. Strategic Initiatives
- 9.7.14. Hemsec Manufacturing Ltd.
- 9.7.14.1. Company Overview
- 9.7.14.2. Financial Performance
- 9.7.14.3. Product Benchmarking
- 9.7.14.4. Strategic Initiatives
- 9.7.15. FischerSIPS
- 9.7.15.1. Company Overview
- 9.7.15.2. Financial Performance
- 9.7.15.3. Product Benchmarking
- 9.7.15.4. Strategic Initiatives