About Sandwich Panels
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.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Sandwich Panels market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are ISOPAN SPA (Italy), RigiSystems (United Kingdom) and BALEX-METAL (Poland).
Segmentation Overview
AMA Research has segmented the market of Global Sandwich Panels market by 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), Application (Roof Panels, Insulated Panels, Side Wall Panelling, Facade Panels and Others) and Region.
On the basis of Type, Product Type are dominating the market in the year 2023 where as Polyurethane/ Polyisocyanurate Sandwich Panels System stood as second largest market share.
On the basis of application, Application segment is dominating the market in the year 2023 where as Wall Panels segment stood as second largest market .On the basis of geography, the market of Sandwich Panels 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). North America region held largest market share in the year 2023. If we see Market by End User, the sub-segment i.e. Residential will boost the Sandwich Panels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
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.
Market Leaders and their expansionary development strategies
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.
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.
“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”.
Key Target Audience
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
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.