The Europe sandwich panels market is being driven by the rising expenditure by the leading market players in the research and development of environment friendly sandwich panels. This can be attributed to the implementation of stringent regulations by the government in controlling the carbon emissions across market verticals. In addition, the increased public expenditure in infrastructure development activities is projected to support the market growth in the forecast period. Moreover, the growing demand for sandwich panels in the manufacturing of vehicles, such as cars, trains, and boats is also expected to aid the market growth in the forecast period.
The rising investments by the leading market players to expand their production capacities are leading to increased collaborations, which is expected to supplement the market growth in the forecast period. For instance, in December 2020, ArcelorMittal Construction (OTCMKTS: AMSYF), a leading manufacturer of sandwich panels, announced that the company has signed an agreement with Llentab to acquire its Kungshamn panel production line in Sweden. This production line manufactures mineral wool (MiWo) panels for steel buildings. It will be the company’s first panel production facility in the region, which is expected to help strengthen and expand its position in the Scandinavian market. Such developments are expected to positively impact the growth of the sandwich panels market in the forecast period.
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The major players in the Europe sandwich panels market are Adamietz Sp. z o. o ., Rautaruukki Corporation, ArcelorMittal Construction, Assan Panel A.S., PaNELTECH Sp. z o.o., and Kingspan Group Plc, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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