Market Overview:
The sandwich panel are the insulated roofing solutions that are manufactured by combining layer of insulated composite materials and binding structures. Its delivers superior fire properties, good thermal conductivity, moisture resistance and reliable solutions. The sandwich panels are mostly applicable in industrial buildings, commercial buildings, cold storage facilities, warehouses, amongst others. In both the cases, its used to protect against sound, sudden breakout of fires and extreme weather conditions. The sandwich panel market is rapidly increasing in global regions due to its durability and rapid installation owning design over traditional roof panels in developed countries. Major companies such as Tata Steel introduced a composite product Coretinium in their product portfolio in European consumer markets that beneficial in durable alternative for customers in the manufactured goods arena.
Asia Pacific is projected to be the fastest-growing market, expanding at a CAGR of
% from 2022 to 2028.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2022-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | DANA Group of Companies (United Arab Emirates), Kingspan Group (Ireland), Building Component Solutions LLC (Saudi Arabia), Nucor Corporation (United States), Assan Panel A.S. (Turkey), Hoesch Siegerlandwerke GmbH (Germany), ArcelorMittal S.A. (United Kingdom), MANNI Group (Italy), Zhong Jie Group (China), Romakowski GmbH & Co. KG (Germany), Tata Steel Limited (India), NCI Building Systems Inc. (United States), Multicolor Steels India Pvt Ltd. (India) and Sintex (India) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Sandwich Panels Market Study:
DANA Group of Companies (United Arab Emirates), Kingspan Group (Ireland), Building Component Solutions LLC (Saudi Arabia), Nucor Corporation (United States), Assan Panel A.S. (Turkey), Hoesch Siegerlandwerke GmbH (Germany), ArcelorMittal S.A. (United Kingdom), MANNI Group (Italy), Zhong Jie Group (China), Romakowski GmbH & Co. KG (Germany), Tata Steel Limited (India), NCI Building Systems Inc. (United States), Multicolor Steels India Pvt Ltd. (India) and Sintex (India)
Sandwich Panels Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Roof Panels, Insulated Panels, Side Wall Panelling, Facade Panels and Others |
Type | Glass Wool Sandwich Panel System, Mineral Wool Sandwich Panel System, Rock Wool Sandwich Panels System, Polyurethane/ Polyisocyanurate Sandwich Panels System, Expanded Polystyrene (EPS) Sandwich Panels System and Others |
End User | Residential,Commercial,Industrial,Agricultural,Cold Storage |
The Product Type segment is expected to command the largest share of the Global Sandwich Panels market The Application segment is expected to command the largest share of the Global Sandwich Panels market
Influencing Trend:
Increase demand of sandwich panels due to its cost effective and inexpensive nature as compared to other wall assemblies. and Upsurge demand due to easy installation properties.
Market Growth Drivers:
Rise in Demand of Sandwich Panels In Building and Construction Industry., Increase Demand of Industrialization Influence the Sandwich Panels Applications. and The Application of Sandwich Panels Reduced the Construction Time and Save Money.
Challenges:
The Sandwich Panels of Polystyrene Foam have Risk of Fire and Frequent Freezing of Joints.
Restraints:
The Sandwich Panels are Highly Prone to Cosmetic Damage. and The Fluctuation of Raw Material Prices and Supply is Witness in Many Regions.
Opportunities:
Implementation of Stringent Energy Conservation Regulations Expected to Rise in Future. and Increase Awareness about the Energy Efficient Building Solution.
Some of the other players that are also part of study are ISOPAN SPA (Italy), RigiSystems (United Kingdom) and BALEX-METAL (Poland). The Global Sandwich Panels market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
In 25 February 2019, Kingspan MEATCA has launched its CPD program in the Middle East region, where the programs aim to focus on educate the designers, architect and engineers in the field of insulated panels and standing seam systems.
In April 24 2018, Areco has completely acquired on of the Finnish sandwich panel manufacturer TPE Spirit Oy. This acquisition is beneficial in offering an product portfolio expansion at Nordic, Baltic, and northern German non-residential market.
“According to new regulations of DIN 18800 its investigations the torsional restraint of panels with facings made of aluminium and glass fibre reinforced plastics (GFRP) and with cores made of EPS are dealt with”. and “According to European Recommendation for sandwich panel, its focused on Testing and Design of fastenings for sandwich panels” and the “State of the art report for Design of Sandwich Panels with Openings”.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Sandwich Panels market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Sandwich Panels market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Sandwich Panels Manufacturers, Sandwich Panels Traders, End-Use Market Participants of Different Segments of Sandwich Panels, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.