India Sandwich Panels Market

India Sandwich Panels Market is segmented By Type (Mineral Wool, Expanded Polystyrene (EPS), Polyisocyanurate (PIR), Polyurethane (PUR), Others (Glass wool, Rock wool)), By Application (Side Wall Paneling, Facade Panels, Roof Panels, Wall Panels, Insulated Panels), By End-User (Residential, Commercial, Industrial, Others (Automotive, Transportation)), and By Region (North India, South India, West India, East India) – Share, Size, Outlook, and Opportunity Analysis, 2022 - 2029

 

Market Overview

[150 Pages Report] The India Sandwich Panels Market is expected to grow at a high CAGR of 8.50% during the forecasting period (2022 - 2029).

 

India Sandwich Panels Market - Strategic Insights

Metrics	Details
Market CAGR	8.50%
Segments Covered	By Type, By Application, By End-User and By Region
Report Insights Covered	Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.
Fastest Growing Region	Asia Pacific
Largest Market Share	North America

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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. The Indian market is segmented based on type, application, end-user, and region. The Sandwich Panels market is highly competitive with existing players in the market. Key players are adopting strategies such as investing in R&D, new product launches, expansion in distribution channels to stand out as strong competitors in the market. For instance, in January 2017, Isopan has launched a new product “intelligent sandwich panel” to evolve buildings into smart buildings.

Market Dynamic

High growth in the construction industry in India is the major driver for the growth of the market. In building and construction, these prefabricated products designed for use as building envelopes. They appear in industrial and office buildings, in clean and cold rooms, and also in 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

As per Invest in India, a government of India undertaken organization, the construction industry in India will reach US$ 738.5 Billion by the end of 2022. The construction industry contributes 55% share in the Steel sector, 15% in paint, and 30% in glass sectors in 2019. The construction  industry contributes to a 9% share in India’s GDP and by the end of 2025 Construction Industry of India will be the third-largest globally which will grow by over 7% till 2025 from 2020

The launch of 100 smart cities in India and the increasing demand for commercial spaces is boosting the construction industry in the country. However, there is a negative growth witnessed in 2020 between April 2020 to August 2020 amid to lockdown due to a pandemic which impacted real estate the most.

Frequently Asked Questions (FAQ) :

Who are the leading players in the Sandwich Panel Industry?

Hoesch Siegerlandwerke GmbH (Germany), Romakowski GmbH & Co. KG (Germany), Zhong Jie Group (China), MANNI Group (Italy), Nucor Corporation (U.S.), Multicolor Steels India Pvt Ltd. (India), Sintex (India), DANA Group of Companies (UAE), ArcelorMittal S.A. (U.S.)

What is the market size and growth rate of the Global Sandwich Panel Market?

The global sandwich panels market is predicted to exhibit a 8.50% CAGR from 2022 to 2029 (forecast period) owing to the high demand among real estate developers.

What is the market size of Sandwich Panel industry in Asia Pacific, North America, Europe, And Middle East?

Sandwich Panels Market is projected to be worth USD billion by 2029, registering a CAGR of 8.50% during the forecast period (2022 to 2029).

What are some factors that affect the Sandwich Panels Market?

Factors such as the awareness of rising consumption of electricity and the need for energy-efficient procedures are likely to drive the demand for sandwich panels over the forecast period. Sandwich panels possess inherent properties of protection against unpredictable climes, durability, and high thermal insulation protection.

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