As cited by the research report titled ‘Global Sandwich Panel market by Core Material (Polyurethane, Polyisocyanurate, Mineral Wool, Expanded Polystyrene, and Other Core Materials), Skin Material (Continuous Fiber Reinforced Thermoplastics, Fiberglass Reinforced Panel, Aluminum, Steel, and Other Skin Materials), Application (Wall Panels, Roof Panels, Insulated Panels, and Other Applications), End-use Sector (Residential, Commercial, Industrial, and Institutional and Infrastructure), Regional Forecasts 2021-2027’, available with MarketStudyReport, global sandwich panel market is projected to expand at 6% CAGR and garner significant returns over 2021-2027.
 

Rising demand for PVDF-based aluminum composite panels coupled with increasing adoption of structural insulated panels in cold storage applications are the major factors driving global sandwich panels market growth.
 

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For the record, sandwich panels are building, or construction materials made by combining layers of covering metals with insulating compounds & binding agents and are capable of shielding the inside from harsh weather, sound, and flames that burst out unexpectedly.
 

Sandwich panels are effective insulation & temperature control solutions that also meet aesthetic criteria and are used in a wide range of applications due to their structural integrity, longevity, and excellent insulating qualities, which in turn is contributing towards the overall market remuneration.
 

Speaking of negatives, fire performance of some sandwich panels is likely to hinder the market progression over the projected timeline.
 

Based on core material, global sandwich panel industry space is segmented into polyurethane (PUR), expanded polystyrene (EPS), polyisocyanurate (PIR), mineral wool, and other core materials. Considering skin material, the marketplace is divided into fiberglass reinforced panel (FRP), continuous fiber reinforced thermoplastics (CFRT), steel, aluminum, and other skin materials.
 

Speaking of application range, the business space is categorized into roof panels, wall panels, insulated panels, and other applications. Moving on to end user ambit, the market is bifurcated into residential, industrial, commercial, institutional and infrastructure.
 

The geographical analysis of the industry includes regions like Asia Pacific, Europe, North America, and Latin America. The report cites that North America market is expected to be garner lucrative returns over the assessment period 2021-2027, on account of booming construction sector in the region.
 

Meanwhile, Asia Pacific market is anticipated to expand at a significant growth rate over the estimated timeline, owing to expanding economies of the region, mainly China fueling the market growth.
 

Major players profiled in global sandwich panel industry are Safal Group, Kingspan Group plc, Assan Panel, Rautaruukki Corporation, Italpannelli S.r.l., Multi Color Steels (india) Private Limited, Dana Group of Companies, Cornerstone Building Brands Inc., ArcelorMittal S.A., and Building Components Solutions LLC.