Canada Sandwich Panels Market Size & Outlook, 2022-2030
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- Sandwich Panels Market Outlook
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Canada sandwich panels market highlights
- The Canada sandwich panels market generated a revenue of USD 255.7 million in 2022 and is expected to reach USD 461.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.7% 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.
Sandwich panels market data book summary
| Market revenue in 2022 | USD 255.7 million |
| Market revenue in 2030 | USD 461.5 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Polystyrene panels |
| Fastest growing segment | Polyurethane Panels |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Canada accounted for 3.0% of the global sandwich panels market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. sandwich panels market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 2,424.0 million by 2030.
Increasing population, ongoing urbanization, and surging migration rate are some primary factors that are expected to drive residential construction activities in Canada. According to the United Nations Department of Economic and Social Affairs (UNDESA), the population of Canada is expected to reach 40.3 million by 2030.
The population growth in the country is anticipated to significantly boost residential construction activities in Canada in the coming years. The country is also expected to witness strong growth in demand for multi-family housing units, thereby augmenting the consumption of sandwich panels over the forecast period.
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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 |
Canada 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 72.39% in 2022.
Horizon Databook has segmented the Canada sandwich panels market based on polystyrene panels, polyurethane panels, glass wool panels covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing population, ongoing urbanization, and surging migration rate are some primary factors that are expected to drive residential construction activities in Canada. According to the United Nations Department of Economic and Social Affairs (UNDESA), the population of Canada is expected to reach 40.3 million by 2030.
The population growth in the country is anticipated to significantly boost residential construction activities in Canada in the coming years. The country is also expected to witness strong growth in demand for multi-family housing units, thereby augmenting the consumption of sandwich panels over the forecast period.
- Canada Sandwich Panels Market Product Outlook (Revenue, USD Million , 2018-2030)
- Polystyrene Panels
- Polyurethane Panels
- Glass Wool Panels
- Others
- Canada Sandwich Panels Market Application Outlook (Revenue, USD Million , 2018-2030)
- Walls & Floors
- Roofs
- Cold Storage
- Canada 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 country-level data and insights on the Canada Sandwich Panels Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Sandwich Panels Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Canada Sandwich Panels Market, 2018-2030 (US$M)
Canada sandwich panels market statistics, by product, 2018-2030 (Million Units)
