Insulated Sandwich Panels are composed of two outer layers predominantly made out of steel, sandwiching layers, predominantly made out of steel sandwiching a layer of insulating core, such as PIR, EPS-FR, or mineral wool. They are exceptionally energy efficient because of continuous insulation, thermally broken panel joints, and energy-efficient rigid insulating cores. As a result, sandwich panels help to minimize energy consumption for heating and cooling, helping reduce associated carbon emissions, making them a smart choice for constructing energy-efficient buildings.
Sandwich panel is a system that protects the building from external factors and provides the most convenient and economical solutions for them to have a powerful stand. As modern, light, and durable construction elements, sandwich panels are used to clad the roof and external walls of the buildings as well as achieving insulated internal walls and cold storage.
The Global Sandwich Panel Consumption Market was valued at US$ 17.30 Billion in 2023 and is anticipated to reach US$ 31.60 Billion by the end of 2030 with a CAGR of 6.92% from 2024 to 2032.
Sandwich panels, protecting against the external factors on all sides of the building, are produced by filling in a thick and low-density insulation material between two thin and high-density metal surfaces. These ready-assembled building elements which have a high load-carrying capacity despite their low weight are produced on continuous lines. Different insulation materials should be chosen according to the needs of the buildings. Sandwich panel production is made in all insulation types including PUR, PIR, mineral wool, and EPS. Sandwich panels are generally used in industrial facilities, commercial buildings, cold storages, residential buildings, power plants as well as buildings for agricultural and husbandry.
Factors Driving the Growth of the Global Sandwich Panel Consumption Market in Asia-Pacific:
Asia Pacific region is the largest market for global sandwich panel consumption. In the Asia Pacific region, there is an increase in urbanization and industrialization enhance the installation of the sandwich panel helps to increase the growth of the market.
In the Asia Pacific region, there is the development of the infrastructure with residential, commercial buildings, and airports all these different infrastructures need the sandwich panel for their properties. Due to growth in the infrastructure market sandwich panel consumption increases.
Construction activities in the region increase continuously for the development of residential and commercial developments for which sandwich panels are required, due to their insulation properties, and their material lightweight quality.
Sandwich panels can meet the energy efficiency of large buildings. Its insulation services help to the energy efficiency. Technological advancements in the sandwich panels help to increase the quality and efficiency of the sandwich panels. Quality and efficient sandwich panels are used by the builders and developers.
Sandwich panels are used in a variety of industries such as pharmaceuticals in which sandwich panels are required for cold storage activities. Insulated sandwich panels are best suited for cold storage. Sandwich panels are cost-effective. They required low maintenance.
Competitive Insights:
Some of the key players of the Global Sandwich Panel Consumption Market are as follows: Kingspan Group, ArcelorMittal, Tata Steel, Rautarukki Corporation, Assan Panel, Nucor Corporation, DANA Group of Companies, Building Component Solution LLC, Sintex Group, and Manni Group SpA.
Prominent players like Kingspan Group, ArcelorMittal, Tata Steel, and Assan Panel dominate the Global Sandwich Panel Consumption Market. These companies invest heavily in research and development and widen their product portfolios to increase their market share.
Nucor Corporation continues to dominate the sandwich panel consumption market, leveraging its extensive global presence and diverse product offerings. DANA Group of Companies maintains a strong competitive position, providing innovative solutions for various liquid food and beverage categories.
Companies like Sintex Group are the leading manufacturers and suppliers of PUF-insulated roofing panels. Easy to install, economical, and energy-saving their products are suitable for all building types. Sintex insulated roofing is made with high-quality color-coated steel sheets or Galvalume sheets of superior quality that have been corrosion-resistant for many decades.
Sustainable solutions have become a key competitive factor. Companies like Manni Group SpA and Building Component Solution LLC emphasize environmentally friendly practices, responding to the increasing consumer and industry focus on sustainability.
The competitive landscape is shaped by companies adapting to market trends, such as the rising consumer demand for innovative products, convenience, and the reduction of environmental impact through sustainable solutions.
Adherence to stringent quality and safety standards and compliance with evolving regulations are crucial for maintaining a competitive edge in the sandwich panel consumption market.
