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The global sandwich panels market stood at a value of around USD 13.91 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 5.2% to reach USD 22.03 billion by 2032.
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Based on core material, the expanded polystyrene (EPS) segment is likely to witness a significant growth, expanding at a healthy rate in the forecast period. This can be attributed to the cost-effectiveness and lightweight of EPS sandwich panels that have excellent insulation properties. It offers a minimum cost advantage of 20% in comparison to mineral wools, such as rock wool and glass wool. Furthermore, it has a low maintenance cost. These days sandwich panels with expanded polystyrene core are mostly preferred for inside and outside walls and roofs. With the growing popularity and acceptance of expanded polystyrene, new technologies and applications of the material will continue to evolve. These factors are expected to enhance the growth of the segment in the forecast period.
Geographically, the Asia Pacific is predicted to provide lucrative growth opportunities to the market during the forecast period. The flourishing residential construction market, particularly in China and India, is aiding the industry growth in the region. Additionally, low interest rates for home mortgages have increased residential construction, which is the key propelling factor for the growth of the sandwich panels industry in the Asia Pacific.
Sandwich panels are structures manufactured by joining the layers of covering metals with binding agents and insulating materials. It comprises three layers; a low-density core and a thin skin layer bonded to each side. It has the ability to protect the interior against extreme weather conditions, sound, and sudden breakout of fires. These are practical solutions for temperature control and insulation.
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By core material, the industry can be segmented into:
Based on skin material, the industry can be divided into:
Based on Technology, the industry can be divided into:
The significant applications of sandwich panels include:
On the basis of end use sector, the industry can be segmented into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The rise of infrastructural projects due to the rapid urbanisation and industrialisation in developed and developing nations is the crucial factor responsible for the growth of the global sandwich panels industry. In addition to this, the various advantages offered by the product, including thermal resistance, acoustic insulation, mechanical properties, impermeability, and fire behaviour, among others, are contributing to the growth of this market. Furthermore, improvements in the thermal performance of these panels and the implementation of stringent regulations towards energy conservation are also expected to drive the market growth in the forecast period.
The report gives a detailed analysis of the following key players in the global sandwich panels market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Core Material |
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| Breakup by Skin Material |
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| Breakup by Technology |
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| Breakup by Application |
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| Breakup by End Use Sector |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global sandwich panels market attained a value of nearly USD 13.91 billion.
The market is projected to grow at a CAGR of 5.2% between 2023 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 22.03 billion by 2032.
The growing demand for sandwich panels in the residential and commercial construction sector, coupled with the various advantages offered by sandwich panels including impermeability, high thermal resistance, and acoustic properties are the major drivers of the market.
The key trends guiding the growth of the market include the growing investments in infrastructural projects due to the rapid urbanisation and industrialisation and rising awareness about energy-efficient buildings.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Polyurethane (PUR)/polyisocyanurate (PIR), mineral wool, and expanded polystyrene (EPS), among others are the leading core materials of sandwich panels in the market.
Continuous fibre reinforced thermoplastics (CFRT), fibreglass reinforced panel (FRP), aluminium, and steel, among others are the different skin materials in the market.
Wall panels, and roof panels, among others are the major applications in the market.
Residential, commercial, industrial, and institutional and others are the significant end use sectors in the market.
The key players in the global sandwich panels market are Kingspan Group, Tata Steel, Rautaruukki Corporation, ArcelorMittal Construction, ITALPANNELLI S.R.L., and DANA Group of Companies, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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