Sandwich Panel Market (2018 – 2023) research report provides List of manufacturers, regional analysis, segmentation by type & applications and the actual process of whole Sandwich Panel industry. Sandwich Panel Market report delivers a detailed study of present and upcoming Opportunities to clarify future investment in the market.
“Sandwich Panel Market report is expected to register a CAGR of XX% over a five years forecast period.”
List of Major Key players operating in the Global Sandwich Panel Market are –
- 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.
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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.
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Global Sandwich Panel Market: Regional Segment Analysis (Regional Production Volume, Consumption Volume, Revenue and Growth Rate 2018-2023):
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Spain and Benelux)
- Asia Pacific (China, Japan, India, Southeast Asia and Australia)
- Latin America (Brazil, Argentina and Colombia)
- The Middle East and Africa
Key Questions Answered About Sandwich Panel Market:
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the Sandwich Panel market for selective countries?
- Which region or sub-segment is selected is expected to drive the market in the forecast period?
- What factors are estimated to drive and restrain the market growth?
- What are the key technological and Sandwich Panel market trends shaping the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
Reasons to Purchase Sandwich Panel Market Report:
- The report analyses how stringent emission control norms will drive the global Sandwich Panel market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Sandwich Panel market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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Sandwich Panel Market Report TOC Includes:
- Introduction of Sandwich Panel Market
- Research Approach and Methodology
- Sandwich Panel Market Overview
- Sandwich Panel Market Segmentation
- Competitive Landscape
- Company Profiles
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