The scope of our recent study on the " Steel Sandwich Panel Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis - by core material, application, and end use" includes the factors fueling the steel sandwich panel market growth, revenue estimation, and forecast, market share analysis, and the identification of significant market players and their key developments.

The steel sandwich panel market size was valued at US$ 1.08 billion in 2024 and is expected to reach US$ 1.71 billion by 2031; it is estimated to register a CAGR of 6.7% from 2025 to 2031.

The growing acceptance of prefabricated and modular building practices is a key influencer in the steel sandwich panel sector. The construction industry is increasingly transitioning to quicker, cost-effective, and more sustainable building methods that incorporate materials and systems supporting these ideals. Steel sandwich panels are particularly useful within prefabricated construction applications as they are lightweight, have a high strength-to-weight ratio, and allow for straightforward installation. The presence of a sandwich panel permits rapid construction assembly and reduces labor requirements, both of which are advantages for the off-site modular construction process. Steel sandwich panels provide exceptional thermal performance and durability, thereby enabling versatility for a variety of modular applications in residential, commercial, site kancel, and temporary pandemic shelter uses. Municipal expansion alongside labor pool shortages in the construction sector will continue to stimulate opportunities for modular solutions worldwide; the steel sandwich panel sector is poised to benefit in particular geographic locations focused on affordable housing, disaster-relief infrastructure, and energy performance building technologies.

The steel sandwich panel market analysis has been performed by considering the following segments: core material, application, and end use. Based on the core material, the steel sandwich panel market is bifurcated into polyisocyanurate (PIR) and mineral wool. The polyisocyanurate (PIR) segment will register a significant CAGR during 2025-2031. Polyisocyanurate (PIR) is a high-performance thermoset insulation material widely used in steel sandwich panels for construction. Known for its superior thermal efficiency, PIR offers a low thermal conductivity (around 0.022 W/m