Sandwich Panels Market size to grow by USD 1,138.88 million from 2022 to 2027|Advantages of sandwich panels is one of the key drivers - Technavio

NEW YORK, July 4, 2023 /PRNewswire/ -- The sandwich panels market size is estimated to grow by USD 1,138.88 million from 2022 to 2027, growing at a CAGR of 6.85%. APAC is estimated to account for 33% of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The major factors driving the demand for sandwich panels in the APAC region are the growing demand for energy-efficient construction materials and the increasing focus on sustainable building practices. The rising disposable income and changing lifestyle of consumers in the region have led to a surge in demand for residential and commercial buildings, thereby driving the demand for sandwich panels. Moreover, the APAC region is witnessing a shift 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 favoured over traditional building materials, such as brick and cement. Such factors will drive the market growth during the forecast period. For Comprehensive details on the market size of historic period(2017 to 2021) and forecast period (2023-2027) - View Sample report

Vendor Landscape
The sandwich panels market is fragmented; the vendors are competing with competitors and are trying to get a greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major vendors have well-established economies of scale and market presence and generally rely on positioning technological advances, and the price of the products -The report provides a full list of key vendors, their strategies, and the latest developments. Buy Now

Market Dynamics

Major Drivers & Challenges-

The several advantages of sandwich panels are the major factors notably driving the growth of the global sandwich panels market. There are several benefits of using sandwich panels that are accelerating their demand, such as fast and easy installation, perfect thermal insulation, and delivering the aesthetic appearance of the buildings. In a fast and easy installation process, contrary to traditional systems, continuous-line manufactured sandwich panels come in fully compatible, ready-to-assemble pieces, and it is also prepared in the required dimensions, insulation types, and colors based on the structure of your facility. Thermal insulation in sandwich panels prevents mold and humidity, which can damage your structure. The thickness of the insulation depends on the load-bearing capacity, climate, usage, and thermal insulation value. Sandwich panels can also be used in internal portions, giving buildings a pleasing appearance. Therefore, such factors are expected to drive the growth of the global sandwich panels market during the forecast period.

The volatility of raw material prices is a major challenge impeding the growth of the global sandwich panels market. The sandwich panel industry is facing major challenges due to the volatility of raw material prices. This has had a negative impact on the global sandwich panel market in recent years, causing price increases, production delays, and supply chain disruptions. Key raw materials used in sandwich panels, such as polyurethane, polystyrene, and mineral wool, are highly dependent on oil prices. As a result, fluctuations in oil prices have a direct impact on raw material costs. The oil industry has experienced several ups and downs in recent years, which has caused commodity prices to skyrocket. The cost of transportation has also increased due to the rise in raw material prices. This has affected the shipping of sandwich panels across different regions, resulting in higher transportation costs and further contributing to price hikes. Therefore, such factors are expected to impede the growth of the market focus during the forecast period.

Key Trends-

An increase in demand for sandwich panels in cold storage is the primary trend shaping the global sandwich panels market growth. In recent years, sandwich panels are becoming an increasingly popular solution for refrigeration applications as demand has steadily increased. The many advantages of these panels make them an excellent choice for cold store owners. The significant factor driving the demand for sandwich panels for refrigeration is their excellent insulation capacity. Sandwich panels are composed of two outer layers of metal or other material with insulation in the middle. This design minimizes heat transfer between the inside and outside of the unit, keeping the temperature inside stable. This can be especially beneficial for facilities that need to start operations quickly or are undergoing renovations or expansions. Moreover, sandwich panels offer an aesthetically pleasing appearance, which can improve the overall appeal of the facility. Therefore, such factors are expected to drive the growth of the global sandwich panels market during the forecast period.

Technavio has identified key trends, drivers, and challenges in the market, which will help clients improve their strategies to stay ahead of their competitors. - View Sample Report

Company Profiles

The sandwich panels market report includes information on the product launches, sustainability, and prospects of leading vendors including Alubel Spa, ArcelorMittal SA, ArmaPanel, Assan Panel A.S, DANA Group of Companies, Italpannelli Srl, Izopanel sp. z o.o., Kingspan Group Plc, Lattonedil Spa Milan, Manni Group S.r.l., Metecno Group, Nucor Corp., Panel Tech International LLC, Romakowski GmbH and Co. KG, Sika AG, Sintex Plastics Technology Ltd., SSAB AB, Tata Sons Pvt. Ltd., Alfa Peb Ltd., PortaFab Corp., and Technical Supplies and Service Co. LLC.

Competitive Analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others.

 Market Segmentation

The sandwich panels market analysis report extensively covers market segmentation by type (glass wool and rock wool), application (commercial and residential), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

• The market share growth by the glass wool segment will be significant during the forecast period. Globally, glass wool is a popular insulation material used in sandwich panels. Sandwich panels are composite structures consisting of two thin, strong face sheets and a core material that provides insulation and rigidity. Glasswool-based sandwich panels are commonly used in residential, commercial, and industrial building construction, as well as refrigeration and refrigeration applications. They are known for their remarkable insulating properties and low thermal conductivity materials that help lower heat loss and enhance energy efficiency, making them ideal for use in buildings in the colder regions of the world. 

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 Related Reports 

The structural insulated panels market is estimated to grow at a CAGR of 8.77% between 2022 and 2027. The size of the market is forecast to increase by USD 16,263.58 million. This report extensively covers market segmentation by application (walls and floors, cold storage, and roof), product (polystyrene, polyurethane, glass wool, and others), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The rising demand for green building construction materials is notably driving the market growth.

The composite insulated panels market share is expected to increase by USD 215.98 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.93%. This report extensively covers composite insulated panels market segmentation by product (expanded polystyrene panel, rigid polyurethane and rigid polyisocyanurate panel, glass wool panel, and others) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The rising demand for energy-efficient buildings is one of the major drivers impacting the composite insulated panels market growth.

Table of contents 

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global sandwich panels market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on global sandwich panels market 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Glass wool - Market size and forecast 2022-2027
• Exhibit 34: Chart on Glass wool - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Glass wool - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Glass wool - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Glass wool - Year-over-year growth 2022-2027 (%)

• 6.4 Rock wool - Market size and forecast 2022-2027
• Exhibit 38: Chart on Rock wool - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Rock wool - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Rock wool - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Rock wool - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ million)
• Exhibit 43: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 44: Chart on Application - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 46: Chart on Comparison by Application
• Exhibit 47: Data Table on Comparison by Application

• 7.3 Commercial - Market size and forecast 2022-2027
• Exhibit 48: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Commercial - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

• 7.4 Residential - Market size and forecast 2022-2027
• Exhibit 52: Chart on Residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Residential - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Residential - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Application 
• Exhibit 56: Market opportunity by Application ($ million)
• Exhibit 57: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 63: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 India - Market size and forecast 2022-2027
• Exhibit 95: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027
• Exhibit 99: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ million)
• Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 Alubel Spa 
• Exhibit 111: Alubel Spa - Overview
• Exhibit 112: Alubel Spa - Product / Service
• Exhibit 113: Alubel Spa - Key offerings

• 12.4 ArcelorMittal SA 
• Exhibit 114: ArcelorMittal SA - Overview
• Exhibit 115: ArcelorMittal SA - Business segments
• Exhibit 116: ArcelorMittal SA - Key offerings
• Exhibit 117: ArcelorMittal SA - Segment focus

• 12.5 DANA Group of Companies 
• Exhibit 118: DANA Group of Companies - Overview
• Exhibit 119: DANA Group of Companies - Product / Service
• Exhibit 120: DANA Group of Companies - Key offerings

• 12.6 Italpannelli Srl 
• Exhibit 121: Italpannelli Srl - Overview
• Exhibit 122: Italpannelli Srl - Product / Service
• Exhibit 123: Italpannelli Srl - Key offerings

• 12.7 Izopanel sp. z o.o. 
• Exhibit 124: Izopanel sp. z o.o. - Overview
• Exhibit 125: Izopanel sp. z o.o. - Product / Service
• Exhibit 126: Izopanel sp. z o.o. - Key offerings

• 12.8 Kingspan Group Plc 
• Exhibit 127: Kingspan Group Plc - Overview
• Exhibit 128: Kingspan Group Plc - Business segments
• Exhibit 129: Kingspan Group Plc - Key news
• Exhibit 130: Kingspan Group Plc - Key offerings
• Exhibit 131: Kingspan Group Plc - Segment focus

• 12.9 Lattonedil Spa Milan 
• Exhibit 132: Lattonedil Spa Milan - Overview
• Exhibit 133: Lattonedil Spa Milan - Product / Service
• Exhibit 134: Lattonedil Spa Milan - Key offerings

• 12.10 Manni Group S.r.l. 
• Exhibit 135: Manni Group S.r.l. - Overview
• Exhibit 136: Manni Group S.r.l. - Product / Service
• Exhibit 137: Manni Group S.r.l. - Key offerings

• 12.11 Metecno Group 
• Exhibit 138: Metecno Group - Overview
• Exhibit 139: Metecno Group - Product / Service
• Exhibit 140: Metecno Group - Key offerings

• 12.12 Nucor Corp. 
• Exhibit 141: Nucor Corp. - Overview
• Exhibit 142: Nucor Corp. - Business segments
• Exhibit 143: Nucor Corp. - Key news
• Exhibit 144: Nucor Corp. - Key offerings
• Exhibit 145: Nucor Corp. - Segment focus

• 12.13 Panel Tech International LLC 
• Exhibit 146: Panel Tech International LLC - Overview
• Exhibit 147: Panel Tech International LLC - Product / Service
• Exhibit 148: Panel Tech International LLC - Key offerings

• 12.14 Romakowski GmbH and Co. KG 
• Exhibit 149: Romakowski GmbH and Co. KG - Overview
• Exhibit 150: Romakowski GmbH and Co. KG - Product / Service
• Exhibit 151: Romakowski GmbH and Co. KG - Key offerings

• 12.15 SSAB AB 
• Exhibit 152: SSAB AB - Overview
• Exhibit 153: SSAB AB - Business segments
• Exhibit 154: SSAB AB - Key offerings
• Exhibit 155: SSAB AB - Segment focus

• 12.16 Tata Sons Pvt. Ltd. 
• Exhibit 156: Tata Sons Pvt. Ltd. - Overview
• Exhibit 157: Tata Sons Pvt. Ltd. - Business segments
• Exhibit 158: Tata Sons Pvt. Ltd. - Key offerings
• Exhibit 159: Tata Sons Pvt. Ltd. - Segment focus

• 12.17 Technical Supplies and Service Co. LLC
• Exhibit 160: Technical Supplies and Service Co. LLC - Overview
• Exhibit 161: Technical Supplies and Service Co. LLC - Product / Service
• Exhibit 162: Technical Supplies and Service Co. LLC - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 163: Inclusions checklist
• Exhibit 164: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 165: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 166: Research methodology
• Exhibit 167: Validation techniques employed for market sizing
• Exhibit 168: Information sources

• 13.5 List of abbreviations 
• Exhibit 169: List of abbreviations

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