How Has the Sandwich Panels Market Evolved Historically and What is its Current Size?
The sandwich panels market has seen considerable growth due to a variety of factors.
• Over the past few years, the sandwich panels market has seen robust expansion. Projected to rise from $16.99 billion in 2024 to $18.43 billion in 2025, the market will observe a compound annual growth rate (CAGR) of 8.5%.
Factors such as the global expansion of construction industries, increased average income, continued urbanization, speedy infrastructural developments, and a shift towards eco-friendly architecture and design have significantly contributed to the growth during the historic period.
What Does Future Hold for The Sandwich Panels Market By 2029?
The sandwich panels market is expected to maintain its strong growth trajectory in upcoming years.
• It is anticipated that the sandwich panels market will experience robust growth in the coming years, ballooning to a value of $24.13 billion in 2029 with a 7.0% compound annual growth rate (CAGR). This predicted expansion during the forecast period can be tied to factors like the upsurge in large-scale infrastructure projects, the improved emphasis on environmentally friendly construction methods, the use of advanced manufacturing techniques and automation, along with the growth of the construction sector in emerging markets. Key trend forecasts for this period include the rising popularity of aluminium and steel skin materials, the broadening of applications beyond standard building constructions and the strengthening collaboration between suppliers and contractors.
What Are The Primary Growth Drivers In The Sandwich Panels Market?
The surge in construction needs is predicted to fuel the expansion of the sandwich panels market. The procedure of crafting a framework plan at a certain location and then putting together multiple parts to build that structure is referred to as construction. The escalating urbanization and population expansion have led to rising demands for infrastructure, housing, and business premises. Sandwich panels are commonly used in construction due to their focus on sustainability and energy efficiency that promote rapid building solutions. For example, the Office for National Statistics has estimated that there would be a 2.4% rise in monthly construction output in volume terms by February 2023. Thus, the amplified demand for construction is encouraging the proliferation of the sandwich panels market.
What Is The Segmentation Of The Global Sandwich Panels Market?
The sandwich panels market covered in this report is segmented –
1) By Core Material: Polyurethane, Polyisocyanurate, Mineral Wool, Expanded Polystyrene
2) By Skin Material: Continuous Fiber Reinforced Thermoplastics (CFRT), Fiberglass Reinforced Panel (FRP), Aluminum, Steel
3) By Application: Wall Panels, Roof Panels, Insulated Panels
4) By End-Use: Residential, Commercial, Industrial, Institutional And Infrastructure
Subsegments:
1) By Polyurethane (PUR): Rigid Polyurethane Foam Core, Flexible Polyurethane Foam Core
2) By Polyisocyanurate (PIR): PIR Foam Core, Rigid PIR Core Panels
3) By Mineral Wool: Rock Wool Core Panels, Glass Wool Core Panels
4) By Expanded Polystyrene (EPS): White EPS Core Panels, Grey EPS Core Panels
Pre-Book The Sandwich Panels Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends Are Shaping The Sandwich Panels Market?
Key players within the sandwich panel marketplace are leveraging advancements in technology, for example, automating sandwich panel design, to enhance their profit margins. The concept of sandwich panel design automation refers to employing automated methodologies, tools, and software programs for designing and manufacturing sandwich panels. For instance, AGACAD, an American software firm, in January 2022 unveiled their automated solution for sandwich panel design specific to Revit. The primary intent behind initiating this process is to fill a considerable gap in the market sector of building information modelling (BIM) tools. It accelerates the creation of highly detailed and insulated panels aligned with any supporting structure, and transforms an architectural Revit model into a meticulously accurate sandwich panel structural model.
Who Are the Key Players In The Sandwich Panels Market?
Major companies operating in the sandwich panels market are:
• ArcelorMittal S.A.
• Dana Group
• Marcegaglia
• Kingspan Group
• Nucor Corporation
• TATA Steel
• NCI Building Systems
• Assan Panel
• Arconic Inc.
• Fischer Profil GmbH
• Lattonedil
• Isopan
• Italpannel S.R.L
• Multicolor Steel India Pvt. Ltd.
• Premier Building System Inc.
• Jiangsu Jingxue Insulation Technology Co. Ltd.
• Zhong Jie Group
• Building Component Solutions LLC
• Metecno
• Romakowski GmbH & Co. KG
• InGreen Systems
• 3A Composites
• Arpanel
• Extreme Panel Technologies Inc
What Are The Regional Insights Into The Sandwich Panels Market?
North America was the largest region in the sandwich panels market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sandwich panels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
