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(IT-NEWSWIRE.COM, August 22, 2021 ) Market Overview
A sandwich panel is any structure made of three layers: a low-density core and a thin skin-layer bonded to each side. Sandwich panels are used in applications where a combination of high structural rigidity and low weight is required. Sandwich panels are an example of a sandwich structured composite: the strength and lightness of this technology make it popular and widespread. Its versatility means that the panels have many applications and come in many forms: the core and skin materials can vary widely, and the core may be a honeycomb or a solid filling.
Market Dynamics
High growth in the construction industry globally is the major driver for the growth of the market. In building and construction, these prefabricated products are designed for use as building envelopes. They appear in industrial and office buildings, clean and cold rooms, and private houses, whether renovation or new-build. They combine a high-quality product with high flexibility regarding design. They generally have good energy-efficiency and sustainability. Sandwich panel construction techniques have experienced considerable development in the last 40 years.
Previously, sandwich panels were considered products suitable only for functional constructions and industrial buildings. However, their good insulation characteristics, versatility, quality, and appealing visual appearance, have resulted in a growing and widespread use of the panels across a huge variety of buildings. Companies are launching sandwich panels for industrial and commercial construction segments. For instance, Alucoil has launched Larcore ®, a sandwich panel with honeycomb core and aluminum skins agencies, in a continuous industrial process.
However, Fluctuations in the prices of raw materials are the key restraint hindering the market growth.
Market Segmentation
By Application
• Side Wall Paneling
• Facade Panels
• Roof Panels
• Wall Panels
• Insulated Panels
By Type
• Mineral Wool
• Expanded Polystyrene (EPS)
• Polyisocyanurate (PIR)
• Polyurethane (PUR)
• Others (Glass wool, Rock wool)
By End-Use Industry
• Residential
• Commercial
• Industrial
• Others (Automotive, Transportation)
Geographical Analysis
The Asia Pacific sandwich panels market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. Asia Pacific is expected to grow with a high CAGR rate in the forecast period due to the increasing housing construction market, particularly in India and China. Furthermore, low-interest rates for home mortgages have increased residential construction is the other key driving factor for the growth of the Asia Pacific market, especially in India. Tax redemption is likely to drive the construction market of middle-class houses in Asia Pacific economies. For instance, the Indian Government has reduced the GST taxes from 12% to 5%. High Budget allocations, Smart City Mission, Pradhan Mantri Awas Yojana, new metro rail policy, Housing for all, North East Special Infrastructure Development Scheme (NESIDS), etc., are some important initiatives taken by the government which is driving the growth of India's infrastructure sector.
Competitive Landscape
The Sandwich Panels market is highly competitive with existing players in the market. Some of the major players include Cornerstone Building Brands, INVESPANEL SL, Rautaruukki Corporation, ArcelorMittal Construction, Assan Panel AS, Safal Group, Cornerstone Building Brands, Areco, Kingspan Group, and Tata Steel Limited.
Tata Steel has launched Coretinium®, which acts as a steel sandwich for the floor panel and firewall, complying with the industry standard R118 Annex 6.
Alucoil has launched Larcore ®, a sandwich panel with honeycomb core and aluminum skins agencies in a continuous industrial process.
In January 2017, Isopan launched a new product, “intelligent sandwich panel,” to evolve buildings into smart building.
Related Topic’s
Mineral Wool Panels Market, Solar Panel Market, Phenolic Panel Market, Aluminium Composite Panels Market, Structural Insulated Panels Market
DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com 
Source: EmailWire.com
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