The Steel Sandwich Panels Market Is Estimated To Record a CAGR of Around 7.74%
Evolve Business Intelligence has published a research report on the Global Steel Sandwich Panels Market, 2023–2033. The global Steel Sandwich Panels Market is projected to exhibit a CAGR of around 7.74% during the forecast period of 2023 to 2033.
Evolve Business Intelligence has recognized the following companies as the key players in the global Steel Sandwich Panels Market: ArcelorMittal SA, Alubel Spa, Balex Metal SP Z.O.O., Fischer Profil GmbH, Silex, Isomec SRL, Isopan SPA, Kingspan Group PLC, Metecno Pty Ltd. And Omnis exteriors Ltd.
More Information: https://evolvebi.com/report/steel-sandwich-panels-market-analysis/
Global Steel Sandwich Panels Market Highlights
The Global Steel Sandwich Panels Market is projected to be valued at USD 20.65 Billion by 2033, recording a CAGR of around 7.74% during the forecast period. The Steel Sandwich Panels Market refers to the industry involved in the production, distribution, and sale of steel sandwich panels. Steel sandwich panels are composite building materials consisting of two thin steel sheets bonded to a lightweight core, typically made of materials like polyurethane, polystyrene, or mineral wool. These panels are used in various construction applications due to their excellent thermal insulation, fire resistance, and structural strength.
The Steel Sandwich Panels Market is driven by the need for efficient, durable, and sustainable building materials and is expected to grow due to the ongoing development in the construction industry and rising demand for energy-efficient solutions.
The COVID-19 pandemic had significant impacts on the Steel Sandwich Panels Market. Lockdowns and restrictions disrupted supply chains, causing delays in the production and delivery of raw materials and finished products. Many construction projects were put on hold or delayed due to lockdowns, social distancing measures, and labour shortages. Reduced construction activity led to a decrease in demand for steel sandwich panels. The need for temporary healthcare facilities and quarantine centers surged, boosting demand for quick-to-install construction solutions like steel sandwich panels. These panels were used in the rapid construction of temporary hospitals, testing centers, and isolation units. The pandemic highlighted the importance of sustainability and energy efficiency in construction. Steel sandwich panels, known for their excellent thermal insulation properties, became more attractive as part of energy-efficient building solutions. The pandemic increased the need for cold storage facilities for vaccines, medical supplies, and food products. Steel sandwich panels are ideal for cold storage construction due to their insulating properties, driving demand in this segment.
Segmental Analysis
The global Steel Sandwich Panels Market has been segmented based on Product Type and Application.
Based on Product Type, the Steel Sandwich Panels Market is segmented into EPS Panels, PU Panels, Glass Wool Panels, PF Panels and Others. The EPS Panels segment is anticipated to dominate the market.
Based on Application, the global Steel Sandwich Panels Market has been divided into the Building Wall, Building Roof, Cold Storage and Others. The Building Wall segment is anticipated to dominate the market.
More Information: https://evolvebi.com/report/steel-sandwich-panels-market-analysis/
Regional Analysis
The Steel Sandwich Panels Market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, & Africa. North America has a mature market for steel sandwich panels, driven by advanced construction practices and high demand for energy-efficient building materials. Growth in the cold storage and food processing industries and Increasing adoption of prefabricated and modular construction techniques. Europe is a significant market for steel sandwich panels, with a strong focus on energy efficiency and stringent building standards. High demand for insulated panels in the cold storage and logistics sectors. The Asia-Pacific region represents a high-growth market for steel sandwich panels, driven by rapid urbanization and industrialization. Rising demand for energy-efficient and cost-effective building materials. The Middle East & Africa region offers significant growth potential due to increasing construction activities and infrastructure development. Rising demand for efficient building materials in harsh climatic conditions. Latin America is an emerging market for steel sandwich panels, with growing construction activities and infrastructure investments. Increasing urbanization and industrial development Rising awareness of energy-efficient and sustainable construction practices.
