Sandwich Panels Market Report 2026

The sandwich panels market size has grown strongly in recent years. It will grow from $18.3 billion in 2025 to $19.55 billion in 2026 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to increasing adoption of insulated building systems, rising construction of cold storage facilities, early adoption of prefabricated structures, expansion of industrial manufacturing units, growing demand for energy-efficient building envelopes.

The sandwich panels market size is expected to see strong growth in the next few years. It will grow to $25.41 billion in 2030 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to rising use of sustainable core materials, increased adoption of automated panel production, expansion of modular construction projects, rising demand for advanced insulation systems, growth of digitally monitored panel fabrication. Major trends in the forecast period include growing shift to energy-efficient panel manufacturing, increasing use of automated panel assembly, rise of digital quality monitoring systems, expansion of smart insulated solutions, growth in lightweight structural applications.

The sandwich panels market is anticipated to experience growth in response to the heightened demand in the construction sector. Construction involves designing structures for specific locations and assembling various components for construction. With increasing urbanization and population growth, there is a rising need for infrastructure, housing, and commercial spaces. Sandwich panels are integral to construction due to their focus on sustainability and energy efficiency, offering swift building solutions. For example, in July 2023, the Australian Bureau of Statistics, a government agency in Australia, reported that during the March quarter of 2023, the total number of dwellings under construction rose to 240,813, up from 240,065 in 2022. Of these, new houses accounted for 103,778, an increase from 101,240 in the previous year, underscoring the escalating demand for construction and subsequently boosting the sandwich panels market.

Leading companies in the sandwich panels market are prioritizing the development of innovative solutions, such as energy-efficient panels, to reduce environmental impact and decrease building energy usage. These energy-efficient panels are designed to provide superior insulation and minimize heat transfer, helping lower heating and cooling energy consumption, cut utility costs, and reduce environmental footprint. For example, in November 2024, Invespanel, S.A., a Spain-based sandwich panel manufacturer, introduced its ‘Higher Recycled Content’ range in collaboration with ArcelorMittal Europe. The panels feature a steel thickness of 0.5-0.6 mm with a 25-micron PS organic coating, offering durability, corrosion resistance, and customizable finishes. They are ideal for facades, roofing, and other construction applications, delivering both functional performance and environmental advantages, including certified traceability and a reduction of over 60% in carbon emissions compared to traditional steel panels.

In May 2024, ArcelorMittal Construction SA, an Italy-based steel and construction solutions provider, acquired Italpannelli SRL and Italpannelli Iberica SL for an undisclosed sum. Through this acquisition, ArcelorMittal Construction SA aims to strengthen its panel business by enhancing product offerings, expanding into new geographic markets, and driving additional organic growth. Italpannelli SRL, based in Italy, and Italpannelli Iberica SL, based in Spain, both specialize in the production and supply of sandwich panels.

Major companies operating in the sandwich panels market are ArcelorMittal S.A., Dana Group, Marcegaglia, Kingspan Group, Nucor Corporation, TATA Steel, NCI Building Systems, Assan Panel, Arconic Inc, Fischer Profil GmbH, Lattonedil, Isopan, Italpannel S.R.L, Multicolor Steel India Pvt. Ltd, Premier Building System Inc, Jiangsu Jingxue Insulation Technology Co. Ltd, Zhong Jie Group, Building Component Solutions LLC, Metecno, Romakowski GmbH & Co. KG, InGreen Systems, 3A Composites, Arpanel, Extreme Panel Technologies Inc.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are affecting the sandwich panels market by increasing costs for imported metals, foam chemicals, reinforced composites, and production machinery. These impacts are significant in regions dependent on imported steel and aluminum, particularly construction-driven markets in Asia and Europe. Nonetheless, tariffs are also promoting domestic material sourcing and reinforcing local manufacturing of insulated panels, helping improve supply stability and cost competitiveness over time.

The sandwich panels market research report is one of a series of new reports that provides sandwich panels market statistics, including sandwich panels industry global market size, regional shares, competitors with a sandwich panels market share, detailed sandwich panels market segments, market trends and opportunities, and any further data you may need to thrive in the sandwich panels industry. This sandwich panels market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A sandwich panel is a modular building material utilized in construction and various other applications. It consists of a core material sandwiched between two outer layers, or skins, to offer acoustic and thermal insulation. Skins made of metal, plastic, or composite materials are common, while core materials can include foam, honeycomb, or balsa wood.

The primary types of sandwich panels include polyurethane, polyisocyanurate, mineral wool, and expanded polystyrene. Polyurethane denotes the rigid foam core found within sandwich panels, providing both thermal insulation and structural support. Various skin materials, such as continuous fiber-reinforced thermoplastics (CFRT), fiberglass reinforced panel (FRP), aluminum, and steel, are utilized in applications such as wall panels, roof panels, and insulated panels. End-users encompass residential, commercial, industrial, institutional, and infrastructure sectors.North America was the largest region in the sandwich panels market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sandwich panels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the sandwich panels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The sandwich panels market consists of sales of building panels, cold storage panels, and cleanroom panels. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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