Sandwich
panels are a structure made of three layers: a low-density core and a thin
skin-layer bonded to each side. It acts as pioneer in developing construction
techniques. It is manufactured by joining the layers of the covering metals,
with insulating and other binding agents. It is suitable for both roofs ad
walls and thus is preferred over the traditional concrete panels and roof
panels. The key benefits are fast & easy installation, investment economy,
perfect thermal insulation, high fire resistance, aesthetic appearance of
buildings, noise-free buildings and air & water tightness.
According
to study, “Global
Sandwich Panels Market Information: by Type (Glass Wool, Rock Wool),
Application (Commercial Buildings, Agricultural Buildings), and Region - Global
Forecast Till 2023” the key companies operating in the global sandwich
panels market are Hoesch Siegerlandwerke GmbH, Romakowski GmbH & Co. KG,
MANNI Group, Multicolor Steels India Pvt Ltd., Multicolor Steels (India) Pvt
Ltd., Nucor Corporation, Zhong Jie Group, DANA Group of Companies, Sintex,
ArcelorMittal S.A., INVESPANEL SL, Cornerstone Building Brands, Areco, Kingspan
Group, Assan Panel A.S., Building Component Solutions LLC, Paroc Panel System
Oy Ab, Safal Group, Rautaruukki Corporation, Tata Steel Limited, NCI Building
Systems Inc. The key players are focusing on augmenting their portfolios by
offering add-on services for instance installation guidance to their consumers.
Based
on type, sandwich panels market is segmented into Structural insulated panels
(SIP), 3D-printed biopolymer panels and Aluminium composite panels (ACP). Based
on core material, market is segmented into Polyurethane (PUR) &
Polyisocyanurate (PIR), mineral wool, Expanded Polystyrene (EPS) and other core
materials. PUR/PIR holds major share in market owing to growth in demand for
composite materials in the construction industry. Based on application, market
is segmented into wall panels, insulated panels, roof panels, facade panels,
side wall paneling and other applications. In addition, based on end user,
market is segmented into residential, industrial, commercial and institutional.
The
sandwich panels market is driven by increase in awareness about
energy-efficient buildings, followed by implementation of stringent regulations
towards energy conservation, increase in number of large-scale residential as
well as industrial infrastructural projects, construction of special economic
zones & commercial buildings due to rapid industrialization, growth in
demand for technical innovation in the materials industry, rise in
infrastructural projects in developed & developing economies and
improvement in thermal performance of sandwich panels. However, fluctuations in
the prices of raw materials and increase in cost of production owing to
expensive application techniques may impact the market. Moreover, rise in
awareness for energy efficient infrastructure is a key opportunity for market.
Based
on geography, the European region holds major share, followed by North-American
region in the sandwich panels market owing to rise in new construction &
renovation activities of commercial spaces in the region. The Asian-Pacific
region is estimated to witness lucrative growth due to growth in production
& consumption of packaged or processed food, rapid industrialization &
urbanization and rise in investments from foreign multinationals over the
forecast period. It is expected that the market will be reached at quick pace
on account of high consumer awareness, early acceptance, and government support
for energy-efficient & green constructions during the forecast period.
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