Mexico - North America Sandwich Panels Market Size & Outlook
The sandwich panels market in Mexico - North America is expected to reach a projected revenue of US$ 909.2 million by 2030. A compound annual growth rate of 7% is expected of Mexico - North America sandwich panels market from 2023 to 2030.
In terms of revenue, Mexico accounted for 6.2% 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.
The country is also witnessing rising demand for affordable housing units. For instance, in 2022, approximately 14,000 new homes were constructed in Mexico. The country still faces a demand for more than 60,000 new homes.
This is anticipated to increase residential construction activities in Mexico in the coming years, thereby fueling the demand for sandwich panels for developing energy efficient buildings in the country.
Mexico is also witnessing the growth of the food & beverages industry owing to the surged demand for organic and natural food products from consumers. Moreover, the country has also emerged as a low cost manufacturing hub for the leading food & beverage companies in North America.
Mexico - North America 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 72.63% in 2022.
Horizon Databook has segmented the Mexico - North America 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 country is also witnessing rising demand for affordable housing units. For instance, in 2022, approximately 14,000 new homes were constructed in Mexico. The country still faces a demand for more than 60,000 new homes.
This is anticipated to increase residential construction activities in Mexico in the coming years, thereby fueling the demand for sandwich panels for developing energy efficient buildings in the country.
Mexico is also witnessing the growth of the food & beverages industry owing to the surged demand for organic and natural food products from consumers. Moreover, the country has also emerged as a low cost manufacturing hub for the leading food & beverage companies in North America.
Mexico - North America Sandwich Panels Market Product Outlook (Revenue, USD Million , 2018-2030)
Polystyrene Panels
Polyurethane Panels
Glass Wool Panels
Others
Mexico - North America Sandwich Panels Market Application Outlook (Revenue, USD Million , 2018-2030)
Walls & Floors
Roofs
Cold Storage
Mexico - North America 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 Mexico - North America Sandwich Panels Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Mexico - North America Sandwich Panels Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Mexico - North America Sandwich Panels Market, 2018-2030 (US$M)