Published on: December 04, 2019
The sandwich panels market size is forecast to grow at a CAGR of 6.85% between 2022 and 2027. These panels cater to the rising demand for energy-efficient buildings, aligning with sustainability goals and reducing operational costs by providing enhanced insulation and structural strength. The sandwich panel market is driven by the demand for energy-saving materials and advanced building solutions in response to rapid urbanization. Sandwich panels, including PUR panels and composite panels, are increasingly utilized in the construction of industrial and commercial buildings, warehouses, and cold storage facilities, offering enhanced thermal insulation and structural integrity.
The expanding construction industry plays a pivotal role in driving the adoption of innovative building materials like sandwich panels. Their versatility and ease of installation make them a preferred choice for modern construction projects. As the focus on eco-friendly and cost-effective solutions intensifies, sandwich panels continue to gain traction, contributing significantly to the growth and development of the construction sector while meeting evolving market demands. As urban development and modern construction practices continue to evolve, the market size is projected to expand, catering to diverse building applications and requirements.
Sandwich panel types include wall panels, roof panels, and insulated panels, and use core materials such as polyurethane (PUR), polyisocyanurate (PIR), and mineral wool. Application areas such as industrial storage, commercial buildings, and cold storage facilities present unique opportunities for the market.
Key trends shaping the sandwich panel market include the adoption of green building materials, the integration of solar panels for energy generation, and advancements in panel technology and composite materials. Additionally, there is a trend towards lightweight and durable panels, offering high thermal performance and environmental sustainability.
The market is driven by factors such as the emphasis on energy efficiency and thermal insulation, the demand for sustainable construction materials, and the growth of cold chain logistics and storage solutions. Advancements in panel manufacturing and installation techniques also drive market growth and innovation.
The sandwich panel market faces challenges such as environmental impact concerns, regulatory compliance, and the need for continuous innovation in panel design and installation. Additionally, addressing thermal regulation requirements and ensuring material sustainability pose challenges to industry players.
APAC is expected to contribute 33% to the growth of the global market over the coming years. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The growing demand for energy-efficient construction materials and the increasing focus on sustainable building practices are major factors driving the demand for sandwich panels in APAC. This is due to the rising disposable incomes and changing lifestyles of consumers in the region, leading to a surge in demand for residential and commercial buildings and thereby driving demand for sandwich panels. Countries in APAC are shifting towards green building practices, which emphasizes the use of energy-efficient and sustainable materials. With their superior insulating properties and durability, sandwich panels are increasingly favored over traditional building materials such as brick and cement.
Technavio's sandwich panel industry reports monitor the leading players in the global market along with their current and forecasted market share. Our analysis covers regional and global companies. Some of the top companies covered in our sandwich panel market reports include:
In order to provide you with a comprehensive view of the sandwich panel industry, our experts analyze the market from many different perspectives. Our reports help identify opportunities, risks, key competitors, and more, helping you make timely, informed decisions to optimize your position in the market.
Technavio reports insights include:
Develop a deeper understanding of the sandwich panel market with Technavio’s comprehensive market research reports. We provide the latest information on key industry dynamics, including global and regional market forecasts, internal and external pressure points, the vendor landscape, and more.
Our in-depth knowledge of the sandwich panel market is built on decades of experience and a global network of industry experts. We know the importance of having a strong foundation on which to base important decisions, and with over 500 analysts located around the world, we deliver actionable insights for every segment of the market.
Technavio’s market research reports provide an analysis of current trends and how they are affecting the market. We also identify market drivers and challenges to help you discover opportunities and avoid pitfalls.
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We provide detailed profiles on the biggest competitors in the market, including data such as business divisions, product offerings, and news. Our reports also include an overview of the competitive landscape as a whole, including the risks and opportunities that it presents.
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