According to a new research report published by Premium Market Insights, “ The sandwich panel market is projected to reach US$4,256.62 million by 2028, up from US$2,711.11 million in 2021. From 2021 to 2028.
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Sandwich panels not only provide an effective solution for thermal insulation and temperature control, but also meet aesthetic requirements. These panels are widely used among end users such as shopping malls, sports facilities, refrigerated warehouses, warehouses, commercial and industrial buildings, and transportation.
Based on application, the sandwich panel market is segmented into wall panels, roof panels, and others. The wall panel segment accounted for the largest share in the global sandwich panel market in 2020. Growing demand for sound barriers in various offices and food manufacturing facilities is expected to dominate the application segment during the forecast period.
In 2020, Asia Pacific accounted for the largest revenue share in the global sandwich panel market. The Asia Pacific region is drawing attention as one of the prominent markets for sandwich panel utilization due to surge in construction activity and growth in refrigeration facilities. Additionally, government initiatives and policies such as Make-in-India encourage the establishment of various manufacturing plants in India. In addition, increased foreign direct investment leads to economic growth in the region.
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Kingspan Group, Assan Panel, Isopan, Tata Steel, ArcelorMittal, Attonedil, Italpanneli SRL, DANA Group of Companies, Zhongjie Group and Multicolor Steel India Pvt. Ltd. is one of the major players operating in the sandwich panel market.
The size of the overall global sandwich panel market has been derived using both primary and secondary sources. To initiate the research process, a thorough secondary research was conducted using internal and external sources to obtain qualitative and quantitative information relevant to the market. We also conducted several primary interviews with industry participants to validate the data and gain more analytical insights on the topic. Participants in this process include industry experts such as VPs, business development managers, market intelligence managers and country sales managers, as well as external consultants such as valuation experts, research analysts and key opinion leaders specializing in the sandwich panel market.
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