QY Research analysts have conducted an in-depth analysis of the sandwich panels market by adhering to a rigorous standards that allow an unbiased overview of the market. This latest published report, titled “Global Sandwich Panels Market Insights, Forecast to 2025,” offers a comprehensive analysis of the key market drivers, trends, restraints, and opportunities. The report also provides the data for the current and a future market scenario of the global sandwich panels market.
According to the report, the global sandwich panels was valued at US$8139.23 mn in 2018 and will touch the valuation at US$11.24 bn by 2025. The market is likely to register a CAGR of 4.73% during the forecast period.
Global Sandwich Panels Market: Drivers
The global sandwich panels market will witness rapid growth in the building and construction industries due to less time-consuming construction activities. The sandwich panes are cost-effective and inexpensive as they are easy to install as compared to other wall assemblies. This very property is expected to drive the growth of the market in the coming years. In addition, the growing adoption of sandwich panels in commercial, residential, and infrastructure development activities will further boost the growth of the market.
Moreover, the construction of a special economic zone and commercial buildings due to rapid industrialization is anticipated to propel the growth of the market. Growing awareness about energy-efficient buildings, implementation of stringent energy conservation regulations, and improvement in thermal performance of sandwich panels are the key factors that are likely to fuel the growth of the market in the near future.
Global Sandwich Panels Market: Regional Analysis
Asia Pacific is the largest regional market for sandwich panels market due to growing construction and infrastructural activities in emerging economies of China and India. Asia Pacific will considerably fuel the market for sandwich panels due to increasing investment in transportation activities. North America and Europe are also augmenting the growth of the sandwich panels market with advanced technological systems, concerns regarding aging infrastructure, and cold storage units.
Global Sandwich Panels Market: Segment Analysis
The global market for sandwich panels is segmented into applications and product type. The application segment includes cold storage, building wall, and building roof. The product type segment consists of mineral wool sandwich panels, PUR/PIR sandwich panels, EPS sandwich panels, and others.
Global Sandwich Panels Market: Key Players
Some of the leading manufacturers that are operating in the global market for sandwich panels are Pioneer India, Kingspan, Multicolor, Metecno, Dana Group, NCI Building Systems, AlShahin, Assan Panel, Panelco, Isopan, Isomec, ArcelorMittal, BCOMS, TATA Steel, Zhongjie Group, Romakowski, Alubel, Lattonedil, Changzhou Jingxue, Silex, Nucor Building Systems, Marcegaglia, Tonmat, Ruukki, and Italpannelli.
Global Sandwich Panels Market: Competitive Landscape
Companies are likely to focus on acquisitions to broaden their footprints and expand their business activities. The analysts have studied the financial outlooks of the key players and have also pointed out their strategies for the forecast period.
Full Report Overview@ https://www.qyresearch.com/index/detail/740659/global-sandwich-panels-market