India Sandwich Panels Market Size & Outlook, 2022-2030
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India sandwich panels market highlights
- The India sandwich panels market generated a revenue of USD 180.5 million in 2022 and is expected to reach USD 398.0 million by 2030.
- The India market is expected to grow at a CAGR of 10.4% 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.
Sandwich panels market data book summary
| Market revenue in 2022 | USD 180.5 million |
| Market revenue in 2030 | USD 398.0 million |
| Growth rate | 10.4% (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, India accounted for 2.1% 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 Asia Pacific, China sandwich panels market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 398.0 million by 2030.
Additionally, the development of smart buildings to provide sustainable solutions and energy efficiency is expected to penetrate insulated building materials for construction applications. Thereby, boosting the demand for sandwich panels in the country.
The country has emerged as one of the promising markets in the Asia Pacific region due to the presence of favorable government policies that promote investments in the construction sector. Furthermore, factors such as population growth, rapid urbanization, and rising disposable incomes also play an important role in developing the country’s construction sector.
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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 |
India 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 72.08% in 2022.
Horizon Databook has segmented the India sandwich panels market based on polystyrene panels, polyurethane panels, glass wool panels covering the revenue growth of each sub-segment from 2018 to 2030.
Additionally, the development of smart buildings to provide sustainable solutions and energy efficiency is expected to penetrate insulated building materials for construction applications. Thereby, boosting the demand for sandwich panels in the country.
The country has emerged as one of the promising markets in the Asia Pacific region due to the presence of favorable government policies that promote investments in the construction sector. Furthermore, factors such as population growth, rapid urbanization, and rising disposable incomes also play an important role in developing the country’s construction sector.
- India Sandwich Panels Market Product Outlook (Revenue, USD Million , 2018-2030)
- Polystyrene Panels
- Polyurethane Panels
- Glass Wool Panels
- Others
- India Sandwich Panels Market Application Outlook (Revenue, USD Million , 2018-2030)
- Walls & Floors
- Roofs
- Cold Storage
- India 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 India Sandwich Panels Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India Sandwich Panels Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
India Sandwich Panels Market, 2018-2030 (US$M)
India sandwich panels market statistics, by product, 2018-2030 (US$M)
