Spain Sandwich Panels Market Size & Outlook, 2022-2030
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Spain sandwich panels market highlights
- The Spain sandwich panels market generated a revenue of USD 215.7 million in 2022 and is expected to reach USD 359.9 million by 2030.
- The Spain market is expected to grow at a CAGR of 6.6% 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 215.7 million |
| Market revenue in 2030 | USD 359.9 million |
| Growth rate | 6.6% (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, Spain accounted for 2.5% 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 Europe, UK sandwich panels market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 581.5 million by 2030.
Spain is witnessing a major boost in its economy owing to the growth of various industries such as energy, tourism, agriculture, and manufacturing. The growth of these industries surges the requirement for commercial spaces such as offices, warehouses, manufacturing facilities, hotels & restaurants, shopping malls, and supermarkets in the country.
This, in turn, drives the growth of the construction industry in Spain. According to Atradius, the construction output of the country is expected to grow by 1.8% in 2023. This rise in construction output is anticipated to positively drive the demand for sandwich panels in Spain, thereby leading to the growth of the market for them from 2023 to 2030.
According to a survey by GoEuro, Spain is one of the most popular destinations of choice for students planning to study abroad. Annually, over a million students enroll themselves in universities in the country. This has resulted in the expansion of the education system in Spain.
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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 |
Spain 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 72.37% in 2022.
Horizon Databook has segmented the Spain sandwich panels market based on polystyrene panels, polyurethane panels, glass wool panels covering the revenue growth of each sub-segment from 2018 to 2030.
Spain is witnessing a major boost in its economy owing to the growth of various industries such as energy, tourism, agriculture, and manufacturing. The growth of these industries surges the requirement for commercial spaces such as offices, warehouses, manufacturing facilities, hotels & restaurants, shopping malls, and supermarkets in the country.
This, in turn, drives the growth of the construction industry in Spain. According to Atradius, the construction output of the country is expected to grow by 1.8% in 2023. This rise in construction output is anticipated to positively drive the demand for sandwich panels in Spain, thereby leading to the growth of the market for them from 2023 to 2030.
According to a survey by GoEuro, Spain is one of the most popular destinations of choice for students planning to study abroad. Annually, over a million students enroll themselves in universities in the country. This has resulted in the expansion of the education system in Spain.
- Spain Sandwich Panels Market Product Outlook (Revenue, USD Million , 2018-2030)
- Polystyrene Panels
- Polyurethane Panels
- Glass Wool Panels
- Others
- Spain Sandwich Panels Market Application Outlook (Revenue, USD Million , 2018-2030)
- Walls & Floors
- Roofs
- Cold Storage
- Spain 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 Spain Sandwich Panels Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Spain Sandwich Panels Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Spain Sandwich Panels Market, 2018-2030 (US$M)
Spain sandwich panels market statistics, by product, 2018-2030 (US$M)
