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Global Sandwich Panel Market - Segmented by Core Material, End-User, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4622452
  • Report
  • Region: Global
  • 139 pages
  • Mordor Intelligence
until Dec 31st 2019
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  • Areco
  • Assan Panel A.S.
  • Balex Metal Sp. z o.o.
  • DANA Group of Companies
  • Paroc Panel System Oy Ab
  • Rautaruukki Corporation
  • MORE
A sandwich panel consists of a core/insulating material of low density sandwiched between two layers of metal, bonded under pressure. The sandwich panel market is expected to witness a high growth rate during the forecast period, 2018 to 2023. The major end-user industries of sandwich panel market include industrial buildings, commercial buildings, cold storage facilities, warehouses, amongst others. Sandwich panels provide a quite level of thermal, sound, water insulation, and also prevents moisture condensation. Sandwich panel is more economical than the conventional methods when assessed with the concept of cost-benefit analysis. Increasing awareness about the energy efficient buildings, improvement in thermal performance of sandwich panels and implementation of stringent energy conservation regulations are expected to be the major drivers for the growth of sandwich panel market during the forecast period.

Growth in Building & Construction Industry Driving the Market
Buildings & construction is one of the major end-user industries driving the growth of sandwich panel market. With rapid industrialization in the emerging economies, the need for less time-consuming construction solutions is growing which in turn increases the demand for sandwich panels. Due to their easy installation property, sandwich panels are cost-effective and inexpensive when compared to other wall assemblies. The average growth in the global construction spending has been recorded at 8.1% in the last five years. The non-residential construction spending has increased to 4.1% in 2016, and this trend is expected to continue in the coming years. Increasing adoption of the sandwich panels for residential, commercial, and infrastructure development is expected to boost the market in the coming years.

Asia-Pacific is one of the Largest Market
Asia-Pacific has emerged as one of the largest sandwich panel markets in the recent years. With the rise in urbanization and megacities in the emerging economies across the region has resulted in the demand for the sandwich panels. Driven by changing demographic trends, Asia-Pacific increasing investments in transportation and manufacturing infrastructure are expected to boost the sandwich panel market in the coming years. In 2014, China reached a construction market share of 47% in the Asia-Pacific region followed by Japan (18%) and India (10%).Building & construction projects in this region is expected to double and to become a 6.7 trillion USD business by 2020. Emerging markets such as China and India present a great opportunity for the producers of sandwich panels.

The US– A Huge Market Potential
The US is one the largest construction market worldwide, with it expenditures reaching over 1,231 billion USD in 2017. The demand for sandwich panels is dependent on the construction spending. After the recession in 2011, construction projects have now accelerated their progress once again. Positive trends in the residential market are expected to be the major drivers of the construction industry growth. The new constructions put in place is expected to reach over 1.4 trillion USD by 2021. Due to the increase in building & construction, cold storage units and concerns regarding aging infrastructure, the sandwich panels market is expected to witness a high growth rate in this region.

Key Developments in the Market
April, 2018: Areco has announced the acquisition of the Finnish sandwich panel manufacturer TPE Spirit Oy and continues its Nordic expansion. This acquisition is expected to open up opportunities to a greater market share in the Nordic, Baltic, and northern German non-residential property market.
June, 2017: Multicolor Steels (India) Pvt. Ltd. is the first Indian roofing company to enter Limca Book of Records for fabrication and installation of 164.2 meters single length joint-less standing seam roofing system at new airport terminal of Vadodara Airport.

The major players include – Safal Group, Paroc Panel System Oy Ab, Rautaruukki Corporation, DANA Group of Companies, Building Components Solutions LLC., Multicolor Steels (India) Pvt. Ltd., ArcelorMittal Construction, Areco, Assan Panel A.S., Balex Metal Sp. z o.o., amongst others.

Reasons to Purchase this Report

Current and future sandwich panel market outlook in the developed and emerging markets
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
The segment that is expected to dominate the market
Regions that are expected to witness fastest growth during the forecast period
Identify the latest developments, market share, and strategies employed by the major market players.
3 months analyst support along with the Market Estimate sheet (in excel)

Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
Note: Product cover images may vary from those shown
2 of 5


  • Areco
  • Assan Panel A.S.
  • Balex Metal Sp. z o.o.
  • DANA Group of Companies
  • Paroc Panel System Oy Ab
  • Rautaruukki Corporation
  • MORE
1. Executive Summary

2. Research Methodology
2.1 Scope of the Report
2.2 Market Definition
2.3 Study Assumptions
2.4 Study Deliverables
2.5 Research Phases

3. Market Overview
3.1 Introduction
3.2 Market Size and Demand Forecast until 2023
3.4 Recent Trends and Developments
3.5 Government Policies & Regulations
3.6 Investment Opportunities
3.7 Cost Analysis

4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities

5. Value Chain Analysis

6. Industry Attractiveness - Porter's Five Force Analysis
6.1 Bargaining Power of Suppliers
6.2 Bargaining Power of Consumers
6.3 Threat of New Entrants
6.4 Threat of Substitute Product and Services
6.5 Intensity of Competitive Rivalry

7. Market Segmentation and Analysis (Overview, Market Size and Demand Forecast until 2023)
7.1 By Core Material
7.1.1 Polyurethane (PUR)
7.1.2 Polyisocyanurate (PIR)
7.1.3 Mineral Wool
7.1.4 Expanded Polystyrene (EPS)
7.1.5 Others
7.2 By End-User
7.2.1 Residential
7.2.2 Commercial
7.2.3 Industrial
7.2.4 Others
7.3 By Application
7.3.1 Wall Panels
7.3.2 Roof Panels
7.3.3 Insulated Panels
7.3.4 Side Wall Paneling
7.3.5 Facade Panels
7.3.6 Others

8. Regional Market Analysis (Overview, Market Size and Demand Forecast until 2023)
8.1 North America
8.1.1 United States
8.1.2 Canada
8.1.3 Mexico
8.1.4 Rest of North America
8.2 Europe
8.2.1 Germany
8.2.2 United Kingdom
8.2.3 France
8.2.4 Spain
8.2.5 Denmark
8.2.6 Italy
8.2.7 Rest of Europe
8.3 South America
8.3.1 Brazil
8.3.2 Argentina
8.3.3 Rest of South America
8.4 Asia-Pacific
8.4.1 China
8.4.2 India
8.4.3 Japan
8.4.4 Australia & New Zealand
8.4.5 Rest of Asia-Pacific
8.5 Middle-East and Africa
8.5.1 Saudi Arabia
8.5.2 South Africa
8.5.3 Rest of Middle East and Africa

9. Competitive Landscape
9.1 Mergers and Acquisitions
9.2 Joint Ventures, Collaborations, and Agreements
9.3 Market Share Analysis
9.4 Strategies Adopted by Leading Players

10. Key Company Analysis* (Overview, Products & Services, Financials**, Recent Developments, and Analyst View)
10.1 Safal Group
10.2 Paroc Panel System Oy Ab
10.3 Rautaruukki Corporation
10.4 DANA Group of Companies
10.5 Building Components Solutions LLC.
10.6 Multicolor Steels (India) Pvt. Ltd.
10.7 ArcelorMittal Construction
10.8 Areco
10.9 Assan Panel A.S.
10.10 Balex Metal Sp. z o.o.
*List not Exhaustive

11. Future of the Market

12. Appendix
12.1 Contact Us
12.2 Disclaimer
**Subject to availability on public domain
Note: Product cover images may vary from those shown
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4 of 5
  • Safal Group
  • Paroc Panel System Oy Ab
  • Rautaruukki Corporation
  • DANA Group of Companies
  • Building Components Solutions LLC.
  • Multicolor Steels (India) Pvt. Ltd.
  • ArcelorMittal Construction
  • Areco
  • Assan Panel A.S.
  • Balex Metal Sp. z o.o.
Note: Product cover images may vary from those shown
5 of 5