Global Sandwich Panel Market Forecast to 2028 – COVID-19 Impact and Analysis – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Sandwich Panel Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Material, Application, and End Use” report has been added to ResearchAndMarkets.com’s offering.

The sandwich panel market was valued at $2,711.11 million in 2021 and is projected to reach $4,256.62 million by 2028; it is expected to grow at a CAGR of 6.7% from 2021 to 2028.

Sandwich panels provide effective solutions for insulation and temperature control, as well as meet the aesthetic requirements. These panels are extensively used at shopping malls, sports facilities, cold stores, warehouses, commercial and industrial buildings, and transportation, among other end users.

Based on application, the sandwich panel market is segmented into wall panels, roof panels, and others. The wall panels segment held the largest share of the global sandwich panel market in 2020. It is anticipated to dominate the application segment during the forecast period due to the rise in demand for soundproof walls in various offices and food manufacturing facilities.

In 2020, Asia Pacific held the largest revenue share of the global sandwich panel market. The Asia Pacific region has been noticed as one of the prominent markets for the utilization of sandwich panels, owing to the surge in construction activities and growth in cold storage facilities. Furthermore, government initiatives and policies such as Make-in-India encourage the setup of different manufacturing plants in India. Moreover, the rising foreign direct investments lead to economic growth in the region.

Reasons to Buy

• 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 global sandwich panel market, thereby allowing players to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

Market Dynamics

Drivers

• Growing Cold Storage Applications of Sandwich Panels
• Increasing Demand for PVDF-based Aluminum Composite Panels

Restraints

• Flammability of Sandwich Panels

Opportunities

• Constant Growth in Construction Industry

Future Trends

• Growing Inclination for Sustainable Products

Companies Mentioned

• Kingspan Group
• Assan Panel
• Isopan
• Tata Steel
• Arcelormittal
• Lattonedil
• Italpannelli S.R.L.
• Dana Group of Companies
• Zhongjie Group
• Multicolor Steels India Pvt Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/ly0vhn

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