What is Floor Sandwich Panel Market?
The USA floor sandwich panels market is expected to grow at a significant pace during the forecast period, according to the AMA study. The rising penetration of sandwich panel products propelled by the growing adoption of advanced materials in the sectors such as aerospace & defense, automotive, building & construction, telecommunications, and marine industry is expected to be one of the major factors aiding the growth of the market. However, the market is expected to witness a decline in growth during FY 2020 but it is again expected to rise at a healthy pace after the COVID-19 pandemic is over.
The market study is being classified by Type (Wood Facing, Aluminum Facing, Fibreglass Facing, Laminated Facing, Metal Facing, Galvanized Steel Facing, Glass-Reinforced Plastics Facing and Others), by Application (Construction & Building, Aerospace & Defense, Automotive, Telecommunications, Marine, Recreational Vehicles and Others) and major geographies with country level break-up.
The Gill Corporation (United States), Triumph Group (United States), Raytheon Technologies (United States), Hexcel Corporation (United States), Safran (France), TVS Sports Surfaces (United Kingdom), CEL COMPONENTS S.R.L. (Italy), Fiber Dynamics Inc. (United States), Kinetic Composites, Inc. (United States), Koshii Maxelum America, Inc. (United States), Octopus Products Limited (United States), Pacific Panels Inc. (United States), DH&A Sheet Metal (United States) and Advanced Insulation Concepts (United States) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Floor Sandwich Panel market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Floor Sandwich Panel market by Type, Application and Region.
On the basis of geography, the market of Floor Sandwich Panel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Demand for Advanced Materials in the Construction Industry
- High Adoption of Composite Materials Across the Industries Such as Aerospace, Marine, & Telecommunications
- Rising Penetration of Composite Materials Worldwide
- Opportunities Across Automotive, Construction & Aerospace Sectors
- Changing Government Dynamics & International Trade Policies
Stringent Government Regulations Regarding Lock-Down of Cities & Shutting Down of Operations Across Different Industries Across the United States Due to the COVID-19 Pandemic is Impacting the Demand for Floor Sandwich Panels
Analyst CommentSince the COVID-19 virus outbreak in December 2019, the disease has spread to more than 200 countries across the world along with the World Health Organization declaring it a public health emergency. The impact of the COVID-19 has already hit many industries and will affect the global modular instruments market in FY 2020. The outbreak of COVID-19 has brought effects on many aspects, like scheduled public transportation cancellations; downfall in the real estate sector; travel bans and quarantines; closed operations across hotels & restaurants; banning of public gatherings & events; large slow-down in the supply chain of different markets; stock market unpredictability; declining business assurance, and uncertainty in the future market dynamics.
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