Market Size of Sandwich Panels Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Sandwich Panel Market Analysis
The sandwich panel market is anticipated to register a CAGR higher than 6% during the forecast period.
The market was negatively impacted due to the COVID-19 pandemic. Owing to the pandemic scenario, several countries around the world went into lockdown. Construction works were halted temporarily due to supply chain disruptions, lack of funds, labor shortages, and lockdown restrictions. The sandwich panels market recovered from the pandemic and is growing significantly.
- Over the short term, the rising demand for these panels from cold storage facilities is expected to drive the market. Moreover, the usage of PVDF-based aluminum composite panels is also expected to contribute to the market demand.
- However, the low fire performance of some sandwich panels is expected to restrain the market.
- Nevertheless, increasing the construction of industrial and commercial buildings is a significant growth opportunity for the sandwich panels market over the forecast period.
- Asia-Pacific region is expected to dominate the market with enormous consumption from countries such as China, Japan, and India.
