Discover trends, market shifts, and competitive outlooks for the sandwich panels industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

How Fast Is The Sandwich Panels Market Expected to Grow Between 2025 And 2029?

In recent years, the sandwich panels market has seen significant expansion. The market is projected to surge from $16.99 billion in 2024 to $18.43 billion in 2025, charting a compound annual growth rate (CAGR) of 8.5%. This growth in the historic period is driven by factors such as the global increase in construction industries, a rise in per capita income, ongoing urbanization, swift infrastructural development, and a shifting focus towards sustainable architecture and design.

The market size of sandwich panels is anticipated to witness significant expansion in the impending years, with a projected worth of $24.13 billion in 2029, facilitated by a 7.0% compound annual growth rate (CAGR). The predicted growth within this forecasted period can be linked to the proliferation of large-scale infrastructure projects, the intensified focus on eco-friendly construction methods, the incorporation of cutting-edge manufacturing and automation processes, and the development of the construction sector in budding markets. Key trends during this forecasted period include the rising trend of using aluminum and steel skin materials, the broadening of uses beyond conventional building construction, and an increasing alliance between suppliers and contractors.

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What Are the Core Growth Drivers Propelling the Sandwich Panels Market Forward?

The surge in construction demand is predicted to fuel the expansion of the sandwich panels market in the future. The construction process entails creating a design for a particular location structure and combining various elements to build that structure. As a result of rising urbanization and population growth, the demand for infrastructure, housing, and commercial space is increasing. Sandwich panels are highly sought-after in construction due to their focus on sustainability and energy efficiency, facilitating swift building solutions. Data from the Office for National Statistics indicates that in February 2023, the monthly construction output likely rose by 2.4% in volume. Thus, the growing need for construction is a key driving force for the expansion of the sandwich panels market.

What Segment Types Define the Sandwich Panels Market Structure?

The sandwich panels market covered in this report is segmented –

1) By Core Material: Polyurethane, Polyisocyanurate, Mineral Wool, Expanded Polystyrene

2) By Skin Material: Continuous Fiber Reinforced Thermoplastics (CFRT), Fiberglass Reinforced Panel (FRP), Aluminum, Steel

3) By Application: Wall Panels, Roof Panels, Insulated Panels

4) By End-Use: Residential, Commercial, Industrial, Institutional And Infrastructure

Subsegments:

1) By Polyurethane (PUR): Rigid Polyurethane Foam Core, Flexible Polyurethane Foam Core

2) By Polyisocyanurate (PIR): PIR Foam Core, Rigid PIR Core Panels

3) By Mineral Wool: Rock Wool Core Panels, Glass Wool Core Panels

4) By Expanded Polystyrene (EPS): White EPS Core Panels, Grey EPS Core Panels

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Which Geographic Areas Hold the Strongest Growth Potential in the Sandwich Panels Market?

North America was the largest region in the sandwich panels market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sandwich panels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which Emerging Trends that Are Influencing theSandwich Panels Industry Evolution?

Leading companies involved in the sandwich panel industry are introducing inventive technologies, such as the automation of sandwich panel design, with the aim to boost profitability. This particular innovation entails the use of automated tools and software in the design and creation of sandwich panels. For example, in January 2022, AGACAD, an American software firm, introduced their version of automation for sandwich panel design for use in Revit. The intention of this automated design tool is to fill a crucial void in the market for building information modelling (BIM) tools. It aims to speed up the creation of very detailed insulated panels with any sort of supporting structure, whilst converting an architectural Revit model directly into an accurate sandwich panel structural model.

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What Is the Definition of the Sandwich Panels Market?

A sandwich panel is a type of modular building material that is used in construction and various other applications. It has a core material sandwiched between the two outer layers, or skins, to provide acoustic and thermal insulation. Metal, plastic, or composite materials are commonly used for skins, while foam, honeycomb, or balsa wood can be used as the core material.

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