Asia Pacific Sandwich Panels Market Size & Outlook
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- Sandwich Panels Market Outlook
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Asia Pacific sandwich panels market highlights
- The Asia Pacific sandwich panels market generated a revenue of USD 2,091.0 million in 2022.
- The market is expected to grow at a CAGR of 8.4% from 2023 to 2030.
- In terms of segment, polystyrene panels was the largest revenue generating product in 2022.
- Polyurethane Panels is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 2,091.0 million |
| Market revenue in 2030 | USD 3,982.4 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Polystyrene panels |
| Fastest growing segment | Polyurethane Panels |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polystyrene Panels, Polyurethane Panels, Glass Wool Panels |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 24.5% of the global sandwich panels market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,982.4 million by 2030.
The expansion of the residential, commercial, and industrial sectors on account of sustainable economic growth in Asia Pacific is expected to boost construction activities, thereby driving the product demand over the forecast period. Flourishing tourism in the region has led to an increasing requirement for restaurants, resorts, and food chains.
In addition, rapid urbanization and rising standard of living due to rising per capita consumer income are anticipated to boost the expansion of the residential and commercial construction sectors, including shopping malls and retail chains. This is anticipated to augment the demand for sandwich panels in the region.
The enforcement of green building codes by various governments in the region is further anticipated to aid the market growth over the forecast period. Asia Pacific is generally characterized by high temperature and extreme climatic conditions, which is anticipated to augment the product demand for their use to provide exterior protection to building structures.
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Publish Date: Dec 17, 2024
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Sandwich Panels Market Scope
Sandwich Panels Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Kingspan Group PLC | View profile | 22,384 | Dublin Road, Kingscourt, County Cavan, Ireland, A82 XY31 | www.kingspan.com |
| Owens Corning | View profile | 10001+ | Toledo, Ohio, United States, North America | www.owenscorning.com/ |
| Dana Group | View profile | 1001-5000 | Lagos, Lagos, Nigeria, Africa | www.danagroup.com |
| Metl-Span | View profile | 251-500 | Lewisville, Texas, United States, North America | www.metlspan.com/ |
| Isopan | View profile | 11-50 | León, Guanajuato, Mexico, North America | isocindu.mx/ |
| PFB Corporation | View profile | 251-500 | Calgary, Alberta, Canada, North America | pfbcorp.com/ |
| Metecno | View profile | 501-1000 | Quilicura, Region Metropolitana, Chile, South America | metecno.com |
| Green Span Profiles | View profile | 11-50 | Waller, Texas, United States, North America | greenspanprofiles.com |
| American Insulated Panel | View profile | 11-50 | Taunton, Massachusetts, United States, North America | www.americaninsulatedpanel.com |
| KPS Global | View profile | 501-1000 | Fort Worth, Texas, United States, North America | kpsglobal.com |
Asia Pacific Sandwich Panels Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Sandwich Panels Market Outlook will help companies and investors design strategic landscapes.
Polystyrene Panels was the largest segment with a revenue share of 71.98% in 2022.
Horizon Databook has segmented the Asia Pacific sandwich panels market based on polystyrene panels, polyurethane panels, glass wool panels covering the revenue growth of each sub-segment from 2018 to 2030.
The expansion of the residential, commercial, and industrial sectors on account of sustainable economic growth in Asia Pacific is expected to boost construction activities, thereby driving the product demand over the forecast period. Flourishing tourism in the region has led to an increasing requirement for restaurants, resorts, and food chains.
In addition, rapid urbanization and rising standard of living due to rising per capita consumer income are anticipated to boost the expansion of the residential and commercial construction sectors, including shopping malls and retail chains. This is anticipated to augment the demand for sandwich panels in the region.
The enforcement of green building codes by various governments in the region is further anticipated to aid the market growth over the forecast period. Asia Pacific is generally characterized by high temperature and extreme climatic conditions, which is anticipated to augment the product demand for their use to provide exterior protection to building structures.
- Asia Pacific Sandwich Panels Market Product Outlook (Revenue, USD Million , 2018-2030)
- Polystyrene Panels
- Polyurethane Panels
- Glass Wool Panels
- Others
- Asia Pacific Sandwich Panels Market Application Outlook (Revenue, USD Million , 2018-2030)
- Walls & Floors
- Roofs
- Cold Storage
- Asia Pacific Sandwich Panels Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Residential
- Non-Residential
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Sandwich Panels Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Sandwich Panels Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Asia Pacific Sandwich Panels Market, 2018-2030 (US$M)
Asia Pacific sandwich panels market statistics, by product, 2018-2030 (US$M)
