The global caps and closures market size reached approximately USD 72.26 billion in 2023. The…
The new report by Expert Market Research titled, ‘Europe Sandwich Panels Market Trends, Report and Forecast 2023-2028’, gives an in-depth analysis of the Europe sandwich panels market, assessing the market based on its segments like type, skin material, technology, application, end use, and major countries like Germany, United Kingdom, France, and Italy.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): USD 3.4 Million
• Forecast CAGR (2023-2028): 5.2 %
• Forecast Market Size (2028): USD 4.7 Million
The growth of the European market for sandwich panels is driven by the increasing investment by key players for developing eco-friendly and sustainable sandwich panels along with the rising government initiatives for reducing carbon emissions. Additionally, increasing demand for sandwich panels from residential construction sector owing to strict safety and quality regulations is anticipated to bolster the market growth.
Moreover, the rising demand from industrial sector for development of cold storages for storing frozen food, agricultural produce and pharmaceutical products is likely to propel the market growth over the forecast period.
Industry Definition and Major Segments
Sandwich panels are the construction materials used for modern industrial buildings. These panels are cost effective and can be customised according to requirement. They protect buildings from external factors and offer economical solution for them to have a powerful stand. Moreover, sandwich panels offer good insulation for thermoregulation, soundproofing, and fire protection.
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On the basis of type, market is segmented into:
• Polyurethane (PUR)
• Polyisocyanurate (PIR)
• Mineral Wool
• Expanded Polystyrene (EPS)
Based on skin material, market is broadly categorised into:
• Continuous Fibre Reinforced Thermoplastics (CFRT)
• Fibreglass Reinforced Panel (FRP)
The market for sandwich panels is segmented on the basis of technology into:
Based on application, market for sandwich panel is categorised as:
• Wall Panels
• Roof Panels
The market is broadly categorised on the basis of end use into:
• Institutional and Infrastructure
Countries for Europe sandwich panels include:
• United Kingdom
Regionally, the growth of the sandwich panel industry is expected to be aided by the rapid residential and industrial infrastructure growing activities across Europe. The growth can further be attributed to the rapid industrialisation and urbanisation due to growing population across the region.
Moreover, the rising application of sandwich panels such as 3-D FRP sandwich panels in transport infrastructure is projected to propel the market growth further. Additionally, the increased infrastructural remodelling and renovation owing to inflating disposable incomes are likely to bolster the market growth over the forecast period.
Key Market Players
The major players in the market are Adamietz Sp. z o.o. (Arpanel), Rautaruukki Corporation, Assan Panel A.S., Italpannelli SRL, and ArcelorMittal Construction, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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