Global Insulated Sandwich Panels
Market Report
2024
Insulated sandwich panels market size is USD 9251.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 8.80% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global insulated sandwich panels market size is USD 9251.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 8.80% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Insulated Sandwich Panels Market Sales Revenue 2024 | $ 9251.2 Million |
Global Insulated Sandwich Panels Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.8% |
North America Insulated Sandwich Panels Market Sales Revenue 2024 | $ 3700.48 Million |
North America Insulated Sandwich Panels Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7% |
Europe Insulated Sandwich Panels Market Sales Revenue 2024 | $ 2775.36 Million |
Europe Insulated Sandwich Panels Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.3% |
Asia Pacific Insulated Sandwich Panels Market Sales Revenue 2024 | $ 2127.78 Million |
Asia Pacific Insulated Sandwich Panels Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 10.8% |
South America Insulated Sandwich Panels Market Sales Revenue 2024 | $ 462.56 Million |
South America Insulated Sandwich Panels Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.2% |
Middle East and Africa Insulated Sandwich Panels Market Sales Revenue 2024 | $ 185.02 Million |
Middle East and Africa Insulated Sandwich Panels Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.5% |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Insulated Sandwich Panels Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Insulated sandwich panels are construction materials consisting of three layers - a core material sandwiched between two external skins. The core material, typically rigid foam insulation such as polyurethane, polyisocyanurate, or expanded polystyrene, provides thermal insulation properties, enhancing energy efficiency in buildings. The external skins, often made of steel, aluminum, or other composite materials, offer structural support and weather resistance. These panels are commonly used in walls, roofs, floors, and ceilings of residential, commercial, and industrial buildings. Their versatility, lightweight nature, and ease of installation make them a popular choice for achieving thermal performance and sustainability goals in construction projects.
Urbanization and infrastructure development are significant drivers bolstering sales in the insulated sandwich panels market. As populations gravitate towards urban centers, demand for residential, commercial, and industrial infrastructure escalates. Insulated sandwich panels offer a cost-effective and efficient solution for constructing durable buildings and facilities, catering to the burgeoning urban landscape's needs. Their lightweight nature, ease of installation, and superior thermal insulation properties make them a preferred choice in various construction projects. As cities expand and modernize, the demand for insulated sandwich panels is expected to surge, driving sales growth and market penetration in urban development and infrastructure projects globally.
In October 2022, Kingspan acquired Invespanel, a mineral wool-based sandwich panel producer. Invespanel specializes in manufacturing panels with extruded polystyrene (XPS) and expanded polystyrene (EPS) cores, particularly for refrigeration applications. The company maintains a focus on innovation, constantly introducing new sandwich panel designs for diverse uses.
Increasing stringency in building energy codes and regulations is a pivotal driver amplifying the demand for insulated sandwich panels globally. Governments worldwide are enacting stringent measures to mitigate climate change and reduce energy consumption in buildings. These regulations mandate higher standards of energy efficiency, compelling builders and developers to seek innovative solutions like insulated sandwich panels to meet requirements. The panels' superior thermal insulation properties significantly contribute to achieving the prescribed energy efficiency targets, thereby reducing heating and cooling loads in buildings. As a result, there's a growing preference for insulated sandwich panels across residential, commercial, and industrial construction projects. This trend is expected to persist and even accelerate as countries intensify their efforts to combat climate change and achieve sustainability goals, positioning insulated sandwich panels as a cornerstone in the quest for greener and more energy-efficient built environments.
The growing construction industry serves as a powerful catalyst propelling the growth of the insulated sandwich panels market. Across residential, commercial, and industrial sectors, construction activity is expanding globally, fueled by population growth, urbanization, and infrastructure development initiatives. Insulated sandwich panels offer a compelling solution for builders and developers seeking efficient and cost-effective building materials. Their versatility, ease of installation, and superior thermal insulation properties make them an attractive choice for a wide range of construction applications, from residential housing to large-scale industrial facilities. As construction projects continue to surge, particularly in emerging economies, the demand for insulated sandwich panels is poised to escalate further. This trend not only reflects the industry's ongoing growth but also underscores the pivotal role of innovative construction materials in meeting the evolving needs of modern building projects while addressing sustainability and energy efficiency objectives.
Limited aesthetic options can constrain the sales of insulated sandwich panels in the construction market. While these panels offer exceptional thermal insulation and structural benefits, their design versatility may not match the diverse aesthetic preferences of architects, builders, and clients. In projects where visual appeal and architectural expression are paramount, the limited range of surface finishes, textures, and colors available with insulated sandwich panels could be a deterrent. Clients seeking distinctive designs or materials that mimic natural elements may opt for alternative construction materials despite the superior performance of insulated sandwich panels. Addressing this constraint requires innovation in panel design and surface treatments to expand aesthetic possibilities while maintaining the panels' functional benefits. Collaborations between manufacturers, architects, and designers to develop customizable solutions could help overcome this limitation and broaden the appeal of insulated sandwich panels in the construction market.
The COVID-19 pandemic has had a notable negative impact on the insulated sandwich panels market. The construction sector, a significant consumer of these panels, experienced disruptions due to lockdown measures, supply chain disruptions, and project delays worldwide. Reduced construction activity, especially in non-essential sectors like commercial real estate and hospitality, led to a decrease in demand for insulated sandwich panels. Additionally, logistical challenges and labor shortages impeded manufacturing and installation processes, further hampering market growth. Uncertainty surrounding economic conditions and financing constraints also deterred investment in construction projects, affecting the demand for building materials, including insulated sandwich panels. While the market is expected to recover as economies reopen and construction activities resume, the lingering effects of the pandemic continue to pose challenges for manufacturers and suppliers in the insulated sandwich panels industry.
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The competitive landscape of the insulated sandwich panels market is characterized by a diverse array of players vying for market share. Key competitors focus on innovation, product differentiation, and strategic partnerships to gain a competitive edge. Factors such as product quality, pricing, distribution networks, and customer service are crucial in determining market success. Additionally, regional market dynamics, regulatory compliance, and technological advancements play significant roles in shaping the competitive environment within the industry.
In November 2021, ICON disclosed that Kingspan Insulated Panels, a subsidiary of the Global Kingspan Group, had proposed a strategic collaboration in sandwich panel manufacturing. The offer, as stated in a submission to the Egyptian Exchange (EGX), involves the potential acquisition of at least 65% of ICON's sandwich panels sector. This collaboration would transpire through the establishment of a separate specialized company under ICON, subsequent to spinning off the industry.
(Source: https://www.kingspan.com/gb/en/knowledge-articles/ikon-building-showcase-future-development/)
Top Companies Market Share in Insulated Sandwich Panels Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. Firstly, stringent energy efficiency regulations in countries like the United States and Canada incentivize the adoption of insulated sandwich panels in construction projects, driving sales. Secondly, the region's robust construction industry, especially in commercial and industrial sectors, fuels demand for these panels. Additionally, the increasing focus on sustainable building practices and the need for high-performance insulation solutions contribute to market growth in North America.
Asia-Pacific stands out as the fastest-growing region in the Insulated sandwich panels market for various reasons. Rapid urbanization and industrialization in countries like China, India, and Southeast Asian nations drive construction activity, boosting demand for building materials like insulated sandwich panels. Additionally, government initiatives promoting infrastructure development, such as smart cities and transportation projects, further accelerate sales. Moreover, the region's rising middle-class population and increasing awareness of energy efficiency propel the adoption of insulated sandwich panels in both residential and commercial construction projects.
The current report Scope analyzes Insulated Sandwich Panels Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
According to Cognitive Market Research, the global Insulated sandwich panels market size was estimated at USD 9251.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 3700.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
According to Cognitive Market Research, the global Insulated sandwich panels market size was estimated at USD 9251.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 2775.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031.
According to Cognitive Market Research, the global Insulated sandwich panels market size was estimated at USD 9251.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 2127.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031.
According to Cognitive Market Research, the global Insulated sandwich panels market size was estimated at USD 9251.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 462.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
According to Cognitive Market Research, the global Insulated sandwich panels market size was estimated at USD 9251.2 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 185.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.
Global Insulated Sandwich Panels Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Insulated Sandwich Panels Industry growth. Insulated Sandwich Panels market has been segmented with the help of its Type, Application , and others. Insulated Sandwich Panels market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, EPS sandwich panels stands out as the dominating category due to their cost-effectiveness and wide application range across various construction projects. Their lightweight nature facilitates easier transportation and installation, while their excellent thermal insulation properties contribute to energy efficiency, driving sales.
PU sandwich panels emerges as the fastest-growing category in the insulated sandwich panels market due to their superior thermal insulation performance, which meets stringent energy efficiency standards. Their versatility and durability make them ideal for a wide range of applications, including cold storage facilities and green buildings. Additionally, increasing awareness of sustainability and environmental concerns further boosts demand for PU sandwich panels.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Insulated Sandwich Panels Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the dominating category is building wall due to their crucial role in construction projects, providing structural integrity, thermal insulation, and weather resistance. With a growing emphasis on energy efficiency and sustainability in buildings, there's a rising demand for insulated panels in wall applications. Additionally, the versatility and ease of installation of these panels contribute to their popularity in various construction projects.
The fastest-growing category in the insulated sandwich panels market is building roof due to their ability to enhance energy efficiency and reduce heating and cooling costs. As more building owners and developers prioritize sustainability and seek ways to meet stringent energy codes, there's a heightened demand for high-performance roofing solutions like insulated panels. Additionally, the ease of installation and maintenance of roof panels further drives their adoption in construction projects.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Insulated Sandwich Panels market report 2024 Edition by contacting our team.
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Disclaimer:
Type | EPS Sandwich Panels, PU Sandwich Panels |
Application | Building Wall, Building Roof |
List of Competitors | Tata Steel, Rautaruukki Corporation, ArcelorMittal, ITALPANNELLI SRL |
This chapter will help you gain GLOBAL Market Analysis of Insulated Sandwich Panels. Further deep in this chapter, you will be able to review Global Insulated Sandwich Panels Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Insulated Sandwich Panels Market Trends North America Insulated Sandwich Panels Technological Road Map North America Insulated Sandwich Panels Market Drivers North America Insulated Sandwich Panels Market Restraints North America Insulated Sandwich Panels Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Insulated Sandwich Panels market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why EPS Sandwich Panels have a significant impact on Insulated Sandwich Panels market? |
What are the key factors affecting the EPS Sandwich Panels and PU Sandwich Panels of Insulated Sandwich Panels Market? |
What is the CAGR/Growth Rate of Building Wall during the forecast period? |
By type, which segment accounted for largest share of the global Insulated Sandwich Panels Market? |
Which region is expected to dominate the global Insulated Sandwich Panels Market within the forecast period? |
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