Steel Sandwich Panels Market Share, Size, Growth, Trends, Forecast Till 2027

[Ajit B]

Steel Sandwich Panels Market Overview:

The global steel sandwich panels market is witnessing a spurtingrise over the past few years. The market growth is attributed to the burgeoningconstruction industry experiencing increased numbers of commercial &residential projects. Besides, huge investments transpired by public &private sectors boost the consumption of steel sandwich panels. Moreover, anincrease in demand for the buildings that deploy energy efficient materialsescalates market growth.

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According to Market Research Future (MRFR), the global steelsandwich panels market valuation is further projected to appreciate at 6% CAGRduring the review period (2018-2023). The rapidly increasing population,urbanization, and industrialization worldwide boost the demand in the building& construction sectors. Also, the growing awareness of the benefits of fireprotection solutions is a major driving force behind the growth of the market.

Additionally, growing uses of steel sandwich panels in other industries,such as automotive, aerospace, marine, O&G, and electrical &electronics, boost market growth. Resultantly, Steel Sandwich Panels materialsperceive an exponential demand, which allows its market to garner increasingtraction on the global front. Furthermore, the rising government funding tomotivate key companies to manufacture new eco-friendly steel sandwich panelsthat can match changing trends substantiate market growth.

Conversely, price volatility, and the demand-supply gap in rawmaterial required for the production of steel sandwich panels is a major factorprojected to impede the market growth. Also, the lack of awareness of theadvantages of sandwich panels restricts the growth of the market. Nevertheless, the increasing global economy wouldsupport the growth of the market throughout the assessment period, increasingthe sales in end-use industries.

Global Steel Sandwich Panels Market – Segmentations

The reportis segmented into three dynamics;

By Type : EPS Panels, PUPanels, and PF Panels.

ByApplication : Residential, Commercial,Agricultural Farmhouse Buildings, Cold Storage, and others.

ByRegions : Americas, Europe, APAC, and Rest of theWorld.

Steel Sandwich Panels Market – Geographical Analysis

Europe dominatesthe global steelsandwich panels market share. The leading market share attributes tothe continually rising demand for steel sandwich panels driven by governmentalregulations regarding reducing greenhouse emissions. Besides, the need toimprove the cost-efficiency of the buildings, alongside the adoption of theregulations regarding energy efficiency, drives the regional market growth.

Moreover, thepresence of major steel sandwich panel manufacturers, such as Kingspan Group(Ireland) and Isomec (Italy) in the region, fosters the growth of the market.Increasing applications of fire protection solutions in building &infrastructures and energy plants is a key driving force behind the regionalmarket growth. The European steel sandwich panels market is projected to retainits dominance throughout the review period.

The Asia Pacificregion stands second in the global steelsandwich panels market. The market is essentially driven by the growinginfrastructure and construction industries and the increased urbanization andindustrialization rates. Additionally, the government initiatives and fundingto support investments in the construction industry through their FDI policiesinfluence the growth of the steel sandwich panels market.

Furthermore,vast distribution channels and major manufacturers in the region, focusing onexpanding their business to generate huge profits above thereturn-on-investment, positively impact market growth. The various beneficialenergy efficiency government policies also create opportunities for the steelsandwich panels market in Asia-Pacific.

The NorthAmerica steel sandwich panels market is growing rapidly. Factors such as theburgeoning building & construction industry in the region witnessing hugeinvestments foster the market demand. Moreover, substantial investments frompublic & private sectors in residential & commercial constructionprojects substantiate the growth of the regional market.

Besides, thegrowing demand, alongside the rising numbers of production capacities in theregion, propels the growth of the market. Also, the augmenting demand from theburgeoning end user industries and the presence of a large number of O&Gplants in the region influence the market growth. The North American steelsandwich panels market is expected to witness healthy growth, registering ahealthy CAGR during the assessment period.

Global SteelSandwich Panels Market - CompetitiveLandscape

Highlycompetitive, the steel sandwich panels market appears to be fragmented with thepresence of several well-established players. Through strategic approaches suchas mergers & acquisitions, expansion, collaboration, and product/technologylaunch, players try to gain a larger competitive share in the market. They makehuge investments to drive the R&D required for a product launch. They alsoinvest substantially to expand their global footprint.

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MajorPlayers:

Players leadingthe global steel sandwich panels market include Kingspan (UK),ArcelorMittal SA, Isopan (Italy), Balex Metal SP Z.O.O., Isomec SRL, FischerProfil GmbH, Metecno Pty Ltd., Silex, and Omnis Exteriors Ltd., among others.

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