Rising Investment in Cold Storage Facilitiesis going to Escalate Cold Storage Sandwich Panels with Polyurethane Core Market Growth During 2021-2028
According to our latest market study on “Cold Storage Sandwich Panels With Polyurethane Core Market Forecast to 2028 - COVID-19 Impact and Analysis - By Type (Loose Flap, Bottom Gusset, Side Gusset, and Others), and Application (Food, Pharmaceuticals, Personal Care and Cosmetic Products, Industrial Goods, and Others)” the market was valued at US$ 941.40 million in 2020 and is projected to reach US$ 1,345.83 million by 2028; it is expected to grow at a CAGR of 5% from 2021 to 2028. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
Sandwich panels are used for building walls and roofs cold storage and for building enclosures of industrial cold storage devices, air conditioning devices, etc. Such panels are manufactured in a continuous process of joining the insulating core with external lining, most often metal plates. The final product is a sandwich panel consisted of several layers. Metal lining protects against weather conditions, such as rain or snow and performs decorative function. These panels are also resistant to corrosive factors. They keep their parameters when exposed to moisture, steam, snow, chemicals, or other difficult conditions. The core, made of polyurethane foam when joined with the lining, it becomes a barrier protecting against fire, wind, snow load, temperature, and other factors.
Cold storage plays a significant role in maintaining the shelf life of perishable and edible items and are significantly installed across diverse industrial sectors, such as food & beverages, pharmaceuticals, and chemicals. In recent years, an increase in investment in cold storage facilities have been witnessed, which is attributable to factors such as rise in sales of online grocery, coupled with growing consumer preferences toward fresh and perishable goods, and surging demand for pharmaceutical products that require specialized storage facilities. Further, the COVID-19 pandemic has triggered the growth of the industry by motivating the food & beverage and pharmaceutical producers to abandon just-in-time inventory models and incorporate the use of advanced cold storage in their current work operations. Several research studies predict the expanding investment in cold storage facilities across North America. For instance, as per a study published by grocery e-commerce specialist Mercatus and research institutes in the US, online grocery shopping is expected to increase by more than two folds, i.e. 21.5%, by 2025. Further, as per research conducted by Coldwell Banker Richard Ellis (CBRE) in 2019, the owners and operators of cold-storage warehouses in the US may witness an annual growth of 4% from 2019 to 2022. The reports further state that a shift in consumer behavior is expected to lure better growth opportunities. CBRE also estimates that the demand for cold storage facilities is anticipated to rise by 100 million sq.ft within five years, which would roughly account for 47% increment from the current level of 214 million sq.ft in cold storage facilities. The report states that the growth of cold-storage sectors could be witnessed across areas such as Los Angeles and New York, as well as in top food-producing states such as Texas, Florida, California, Wisconsin, and Washington state. Hence, it is quite evitable that all these factors may proliferate the demand for cold storage facilities. Additionally, the growing focus toward advanced cold storage facilities would generate the need for advanced insulated panels for thermal regulation such as sandwich panels made up of polyurethane. Therefore, the increase in investment in cold storage facilities has a direct impact upon the demand for sandwich panels made of polyurethane.
Balex-Metal; BRUCHA Gesellschaft m.b.H.; Metl-Span; Coldmatic; APT Industries; Innovative Composite Products, Inc; Insta-Insulation; Enerpan Building Systems Ltd; and BRDECO Group are among the well-established players operating in the cold storage sandwich panels with polyurethane core market.
The COVID-19 pandemic has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The chemicals and materials industry are one of the major industries suffering serious disruptions such as supply chain breaks and shutdowns of production plants due to the COVID-19 outbreak. The shutdown of various manufacturing plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East and Africa has adversely affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Further, various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition, the global travel bans imposed by countries in Europe, Asia, and North America are affecting business collaborations and partnerships opportunities. All these factors are anticipated to affect the chemicals and materials industry negatively, thus act as a restraining factor for the growth of various markets related to this industry in the coming months. The market for cold storage sandwich panels with polyurethane core have been impacted due to ineffective supply of raw materials such as polyurethane along with a significant impact upon the production processes. However, the market has also witnessed significant investment in cold storage facilities with the rapid rise in the retail industry along with a growing focus toward fresh and healthy food, which is expected to provide growth opportunities for polyurethane-based cold storage sandwich panels in the North America market.
The “North America Cold Storage Sandwich Panels with Polyurethane Core Market Analysis to 2028” is a specialized and in-depth study of the chemicals and materials industry with a special focus on the North America market trend analysis. The report aims to provide an overview of the cold storage sandwich panels with polyurethane core market with detailed market segmentation by type and application. Based on type the market is segmented into loose flap, bottom gusset, side gusset, and others. Based on application, the market is segmented into food, pharmaceuticals, personal care and cosmetic products, industrial goods, and others
Sandwich panels are used for building walls and roofs cold storage and for building enclosures of industrial cold storage devices, air conditioning devices, etc. Such panels are manufactured in a continuous process of joining the insulating core with external lining, most often metal plates. The final product is a sandwich panel consisted of several layers. Metal lining protects against weather conditions, such as rain or snow and performs decorative function. These panels are also resistant to corrosive factors. They keep their parameters when exposed to moisture, steam, snow, chemicals, or other difficult conditions. The core, made of polyurethane foam when joined with the lining, it becomes a barrier protecting against fire, wind, snow load, temperature, and other factors.
Cold storage plays a significant role in maintaining the shelf life of perishable and edible items and are significantly installed across diverse industrial sectors, such as food & beverages, pharmaceuticals, and chemicals. In recent years, an increase in investment in cold storage facilities have been witnessed, which is attributable to factors such as rise in sales of online grocery, coupled with growing consumer preferences toward fresh and perishable goods, and surging demand for pharmaceutical products that require specialized storage facilities. Further, the COVID-19 pandemic has triggered the growth of the industry by motivating the food & beverage and pharmaceutical producers to abandon just-in-time inventory models and incorporate the use of advanced cold storage in their current work operations. Several research studies predict the expanding investment in cold storage facilities across North America. For instance, as per a study published by grocery e-commerce specialist Mercatus and research institutes in the US, online grocery shopping is expected to increase by more than two folds, i.e. 21.5%, by 2025. Further, as per research conducted by Coldwell Banker Richard Ellis (CBRE) in 2019, the owners and operators of cold-storage warehouses in the US may witness an annual growth of 4% from 2019 to 2022. The reports further state that a shift in consumer behavior is expected to lure better growth opportunities. CBRE also estimates that the demand for cold storage facilities is anticipated to rise by 100 million sq.ft within five years, which would roughly account for 47% increment from the current level of 214 million sq.ft in cold storage facilities. The report states that the growth of cold-storage sectors could be witnessed across areas such as Los Angeles and New York, as well as in top food-producing states such as Texas, Florida, California, Wisconsin, and Washington state. Hence, it is quite evitable that all these factors may proliferate the demand for cold storage facilities. Additionally, the growing focus toward advanced cold storage facilities would generate the need for advanced insulated panels for thermal regulation such as sandwich panels made up of polyurethane. Therefore, the increase in investment in cold storage facilities has a direct impact upon the demand for sandwich panels made of polyurethane.
Balex-Metal; BRUCHA Gesellschaft m.b.H.; Metl-Span; Coldmatic; APT Industries; Innovative Composite Products, Inc; Insta-Insulation; Enerpan Building Systems Ltd; and BRDECO Group are among the well-established players operating in the cold storage sandwich panels with polyurethane core market.
Impact of COVID-19 Pandemic on Cold Storage Sandwich Panels with Polyurethane Core Market
The COVID-19 pandemic has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The chemicals and materials industry are one of the major industries suffering serious disruptions such as supply chain breaks and shutdowns of production plants due to the COVID-19 outbreak. The shutdown of various manufacturing plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East and Africa has adversely affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Further, various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition, the global travel bans imposed by countries in Europe, Asia, and North America are affecting business collaborations and partnerships opportunities. All these factors are anticipated to affect the chemicals and materials industry negatively, thus act as a restraining factor for the growth of various markets related to this industry in the coming months. The market for cold storage sandwich panels with polyurethane core have been impacted due to ineffective supply of raw materials such as polyurethane along with a significant impact upon the production processes. However, the market has also witnessed significant investment in cold storage facilities with the rapid rise in the retail industry along with a growing focus toward fresh and healthy food, which is expected to provide growth opportunities for polyurethane-based cold storage sandwich panels in the North America market.
The “North America Cold Storage Sandwich Panels with Polyurethane Core Market Analysis to 2028” is a specialized and in-depth study of the chemicals and materials industry with a special focus on the North America market trend analysis. The report aims to provide an overview of the cold storage sandwich panels with polyurethane core market with detailed market segmentation by type and application. Based on type the market is segmented into loose flap, bottom gusset, side gusset, and others. Based on application, the market is segmented into food, pharmaceuticals, personal care and cosmetic products, industrial goods, and others
Reasons to buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America cold storage sandwich panels with polyurethane core market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America cold storage sandwich panels with polyurethane core, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the cold storage sandwich panels with polyurethane core market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis formulation
3.2.4 Macro-economic factor analysis
3.2.5 Developing base number
3.2.6 Data Triangulation
3.2.7 Country level data
4. Cold Storage Sandwich Panels With Polyurethane Core Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of Substitutes
4.2.4 Threat of New Entrants
4.2.5 Intensity of Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Cold Storage Sandwich Panels with Polyurethane Core Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Advantages of Cold Storage Sandwich Panels Infused with Polyurethane Core
5.1.2 Rising Investment in Cold Storage Facilities
5.2 Market Restraints
5.2.1 Fluctuation in Raw Material Prices
5.3 Market Opportunities
5.3.1 Rising Adoption of Environment-Friendly Polyurethane-Based Cold Storage Sandwich Panels
5.4 Future Trends
5.4.1 Significant Focus Toward R&D Activities
5.5 Impact Analysis of Drivers and Restraints
6. Cold Storage Sandwich Panels With Polyurethane Core - North America Market Analysis
6.1 Cold Storage Sandwich Panels With Polyurethane Core Market Overview
6.2 Market Positioning - North America Market Players
7. Cold Storage Sandwich Panels with Polyurethane Core Market Analysis - By Application
7.1 Overview
7.2 North America Cold Storage Sandwich Panels with Polyurethane Core Market Breakdown, by Application, 2020 & 2028
7.3 Wall Panel
7.3.1 Overview
7.3.2 Wall Panel: North America Cold Storage Sandwich Panels with Polyurethane Core Market, Revenue and Forecast to 2028 (US$ Million)
7.4 Roof Panel
7.4.1 Overview
7.4.2 Roof Panel: North America Cold Storage Sandwich Panels with Polyurethane Core Market, Revenue and Forecast to 2028 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: North America Cold Storage Sandwich Panels with Polyurethane Core Market, Revenue and Forecast to 2028 (US$ Million)
8. North America Cold Storage Sandwich Panels with Polyurethane Core Market Analysis - By End-User
8.1 Overview
8.2 North America Cold Storage Sandwich Panels with Polyurethane Core Market Breakdown, by end use industry, 2020 & 2028
8.3 Residential
8.3.1 Overview
8.3.2 Residential North America Cold Storage Sandwich Panels with Polyurethane Core Market, Revenue and Forecast to 2028 (US$ Million)
8.3.3 Residential: North America Cold Storage Sandwich Panels with Polyurethane Core Market, Revenue and Forecast to 2028 (US$ Million)
8.4 Commercial and Industrial
8.4.1 Overview
8.4.2 Commercial and Industrial: Cold Storage Sandwich Panels with Polyurethane Core Market - Revenue and Forecast to 2028 (US$ Million)
9. North America Cold Storage Sandwich Panels With Polyurethane Core Market - Geographic Analysis
9.1 Overview
9.1.1 North America Cold Storage Sandwich Panels With Polyurethane Core Market Revenue and Forecast to 2028 (US$ Mn)
9.1.3 North America Cold Storage Sandwich Panels With Polyurethane Core Market Breakdown, by Country
9.1.3.1 US Cold Storage Sandwich Panels With Polyurethane Core Market Revenue and Forecast to 2028 (US$ MN)
9.1.3.1.1 US Cold Storage Sandwich Panels With Polyurethane Core Market Breakdown, by Application
9.1.3.1.2 US Cold Storage Sandwich Panels With Polyurethane Core Market Breakdown, by End-User
9.1.3.2 Canada Cold Storage Sandwich Panels With Polyurethane Core Market Revenue and Forecast to 2028 (US$ MN)
9.1.3.2.1 Canada Cold Storage Sandwich Panels With Polyurethane Core Market Breakdown, by Application
9.1.3.2.2 Canada Cold Storage Sandwich Panels With Polyurethane Core Market Breakdown, by End-User
10. Overview - Impact of COVID-19
10.1 List of Top 10 Worst-Affected Economies Due to COVID-19 Pandemic
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 North America: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 Balex-Metal
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 BRUCHA Gesellschaft m.b.H.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Metl-Span
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Coldmatic
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 APT Industries
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Innovative Composite Products Inc.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Insta-Insulation
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Enerpan Building Systems Ltd.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 BRDECO GROUP
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About
12.2 Glossary
List of Tables
Table 1. North America Cold Storage Sandwich Panels with Polyurethane Core Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. US Cold Storage Sandwich Panels With Polyurethane Core Market Revenue And Forecasts to 2028 - By Application (USD Million)
Table 3. US Cold Storage Sandwich Panels With Polyurethane Core Market Revenue And Forecasts to 2028 - By End-User (USD Million)
Table 4. Canada Cold Storage Sandwich Panels With Polyurethane Core Market Revenue And Forecasts to 2028 - By End-User (USD Million)
Table 5. Canada Cold Storage Sandwich Panels With Polyurethane Core Market by End-User - Revenue and Forecast to 2028 (USD Million)
Table 6. Glossary of Terms, North America Cold Storage Sandwich Panels with Polyurethane Core MarketList of Figures
Figure 1. North America Cold Storage Sandwich Panels with Polyurethane Core Market Segmentation
Figure 2. North America Cold Storage Sandwich Panels with Polyurethane Core Market Segmentation - By Country
Figure 3. North America Cold Storage Sandwich Panels with Polyurethane Core Market Overview
Figure 4. Wall Panel Segment Held Largest Share of North America Cold Storage Sandwich Panels with Polyurethane Core Market
Figure 5. U.S. Region Held Largest Share of North America Cold Storage Sandwich Panels with Polyurethane Core Market
Figure 6. North America Cold Storage Sandwich Panels with Polyurethane Core Market, Industry Landscape
Figure 7. Porter’s Five Forces Analysis for Cold Storage Sandwich Panels with Polyurethane Core Market
Figure 8. Cold Storage Sandwich Panels with Polyurethane Core Market - Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. Cold Storage Sandwich Panels with Polyurethane Core Market Impact Analysis of Drivers and Restraints
Figure 11. North America: Cold Storage Sandwich Panels With Polyurethane Core Market - Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Cold Storage Sandwich Panels with Polyurethane Core Market Breakdown, By Application, 2020 & 2028 (%)
Figure 13. Wall Panel: North America Cold Storage Sandwich Panels with Polyurethane Core Market, Revenue and Forecast to 2028 (US$ Million)
Figure 14. Roof Panel: North America Cold Storage Sandwich Panels with Polyurethane Core Market, Revenue and Forecast to 2028 (US$ Million)
Figure 15. Others: North America Cold Storage Sandwich Panels with Polyurethane Core Market, Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Cold Storage Sandwich Panels with Polyurethane Core Market Breakdown, by End Use Industry, 2020 & 2028 (%)
Figure 17. Commercial and Industrial: Cold Storage Sandwich Panels with Polyurethane Core Market - Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Cold Storage Sandwich Panels With Polyurethane Core Market Revenue And Forecasts to 2028 (US$ Mn)
Figure 19. North America Cold Storage Sandwich Panels With Polyurethane Core Market Breakdown, by Country, 2020 & 2028(%)
Figure 20. US Cold Storage Sandwich Panels With Polyurethane Core Market Forecasts to 2028 (US$ Mn)
Figure 21. Canada Cold Storage Sandwich Panels With Polyurethane Core Market Forecasts to 2028 (US$ Mn)
Figure 22. Impact of COVID-19 Pandemic in North American
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Balex-Metal
- BRUCHA Gesellschaft m.b.H.
- Metl-Span
- Coldmatic
- APT Industries
- Innovative Composite Products, Inc
- Insta-Insulation
- Enerpan Building Systems Ltd
- BRDECO Group
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 92 |
| Published | July 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 956.26 Million |
| Forecasted Market Value ( USD | $ 1345.83 Million |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | North America |
