About Steel Sandwich Panel
A sandwich panel can be defined as three-layer constructions such as two thin face sheets and thick core. Panel facing are made of galvanized steel sheet, coated with polyester paint. Sandwich panel protects the buildings from external factors and provides the convenient and economical solution for them have a powerful stand. The corrugated sandwich panel, with environmental protection materials, is easy and fast in installation, and contains the advantages of light weight, waterproofing, heat insulation, sound absorption, and fire resistance. They widely used in steel workshop, warehouse, restaurant, conference room and stadium. High demand for construction in the industrial sector is expected to be major driver for steel sandwich panel.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 5.6% |
Steel Sandwich Panel is highly competitive, with several key players dominating the industry. The market players are focused on developing a variety of features and benefits to meet the needs. Thus, constantly introducing new innovation in processing to meet the changing needs and preferences of consumers. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Steel Sandwich Panel market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Tata Steel Limited (India), ArcelorMittal (Belgium), Nippon Steel Corporation (Japan), Saint-Gobain (France), Nucor (United States), Kingspan Group plc (Ireland), Jindal Steel and Power Limited (India), Romakowski GmbH & Co. KG (Germany), Grupo Hiemesa S.L. (Spain), Balex-Metal (Poland) and Isopan S.p.A (Italy) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Metecno (India), Plixxent A/S (Germany), Teknopanel (Turkey), PaNELTECH Sp. z o.o. (Poland) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Steel Sandwich Panel market by Type (Smooth and Corrugated), Application (Roofing & Walling, Flooring, Cold Storage, Prefabricated Structure and Others) and Region.
On the basis of geography, the market of Steel Sandwich Panel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Steel Type, the sub-segment i.e. Galvanized Steel will boost the Steel Sandwich Panel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Residential will boost the Steel Sandwich Panel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing focus on energy efficiency and sustainability.
Market Growth Drivers:
Growing demand of steel sandwich panel in construction industry., The demand for energy efficient requirements in buildings. and Rising construction activity.
Challenges:
The ensuring optimal insulation while managing structural integrity and cost effectiveness in diverse environmental conditions.
Restraints:
High cost of raw materials. and Limited awareness and adoption.
Opportunities:
Retrofitting and renovation projects. and Increasing demand for cold storage applications.
Market Leaders and their expansionary development strategies
In December 2020, ArcelorMittal Construction has signed an agreement with LIentab acquired Kungshamn panel production line in Sweden.
In January 2022, AGACAD launched sandwich panel design automation for Revit. AGACAD, the developer of advanced technologies for building information modelling and management, introduce the first BIM software for automating the design and documentation of full buildings envelopes with sandwich panels in Autodesk Revit.
Key Target Audience
Steel Sandwich Panel Manufacturer, Investor, Regulatory Bodies, Research and Development and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.