The global sandwich panel market is driven by factors such as the growing number of cold storage warehouses and rising demand for fast and economic construction techniques. However, lack of skilled labor and fluctuating raw material prices act as restraints for the market growth during the forecast period. The global sandwich panel market is expected to grow at 4.9% CAGR during the forecast period.
The global sandwich panel market has been segmented based on Material, application, and end use. On the basis of Material, the global market has been segmented into plain and corrugated. In 2018, the plain segment accounted for the larger market share of 65.12% with a market value of USD 594.2 million. It is projected to grow at 5.3% CAGR during the forecast period.
On the basis of application, the global market has been segmented into wall panels, roof panels, insulated panels, and others. In 2018, the insulated panels segment accounted for the largest market share of 42.81% with a market value of USD 390.7 million. It is projected to grow at 5.9% CAGR during the forecast period.
On the basis of end use, the global market has been segmented into residential, commercial and industrial. In 2018, the commercial segment accounted for the largest market share of 47.24% with a market value of USD 431.0 million. It is projected to grow at 4.4% CAGR during the forecast period.
On the basis of region, in 2018, Europe accounts for 43.29% market share with a market value of USD 395.0 million. It is projected to grow at 4.2% CAGR during the forecast period.
