Sandwich Panel Market Research Report and Outlook by 2028

In 2021, the sandwich panel market was valued at approximately US$ 2,711.11 million and is anticipated to grow to around US$ 4,256.62 million by 2028, reflecting a compound annual growth rate (CAGR) of 6.7% during the period from 2021 to 2028.

Sandwich panels are extensively utilized for their excellent insulation properties and temperature regulation capabilities, while also fulfilling aesthetic demands. These panels find applications across a wide range of environments, including shopping centers, sports complexes, cold storage facilities, warehouses, as well as in commercial and industrial structures, and transportation systems.

The sandwich panel market is categorized based on application into wall panels, roof panels, and other types. In 2020, the wall panels segment captured the largest portion of the global market. It is expected to maintain its leading position throughout the forecast period, driven by the increasing need for soundproofing in various office spaces and food production facilities.

In 2020, the Asia Pacific region emerged as the dominant player in the global sandwich panel market in terms of revenue. This growth can be attributed to the rising adoption of sandwich panels in construction projects and cold storage applications. Furthermore, supportive government initiatives like Make-in-India have spurred the establishment of manufacturing facilities in India, alongside a surge in foreign direct investment, which has further bolstered the region's economic development.

Key companies operating within the sandwich panel market include Kingspan Group, Assan Panel, Isopan, Tata Steel, ArcelorMittal, Attonedil, Italpanneli S.R.L, DANA Group of Companies, Zhongjie Group, and Multicolor Steel India Pvt. Ltd.

To assess the size of the global sandwich panel market, both primary and secondary research methodologies were employed. The process began with comprehensive secondary research, utilizing both internal and external resources to gather qualitative and quantitative data relevant to the market. Following this, numerous primary interviews were conducted with industry stakeholders to validate the findings and obtain deeper analytical insights. The participants in this research included industry professionals such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like research analysts, valuation specialists, and key opinion leaders with expertise in the sandwich panel sector.