Report : Middle East and Africa Sandwich Panel Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material (Polyurethane, Polyisocyanurate, Mineral Wool, and Others), Application (Wall Panels, Roof Panels, and Others), and End Use (Residential and Non-Residential)
Non-Residential Segment to Dominate MEA Sandwich Panel Market during 2020–2028
According to a new market research study on “MEA Sandwich Panel Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Material, Application, and Use” is expected to reach US$ 361.18 million by 2028 from 234.87 US$ million in 2021. The market is estimated to grow at a CAGR of 6.3% from 2021 to 2028. The report provides trends prevailing in the MEA sandwich panel market along with the drivers and restraints pertaining to the market growth. Rising popularity for sustainable products is the major factor driving the growth of the MEA sandwich panel market. However, issues associated with high flammability of sandwich panels hinders the growth of MEA sandwich panel market.
MEA sandwich panel market is segmented into material, application, end use, and country. Based on type, the MEA sandwich panel market is segmented into polyurethane, polyisocyanurate, mineral wool, and others. The others segment held the largest share in the MEA sandwich panel market in 2020. Based on application, the MEA sandwich panel market has been segmented into wall panels, roof panels, and others. The wall panels segment held the largest share in the MEA sandwich panel market in 2020. Based on end use, the MEA sandwich panel market is segmented into residential and non-residential. The non-residential segment held a larger share in the MEA sandwich panel market in 2020. Based on country, the MEA sandwich panel market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of MEA.
Arcelormittal, Assan Panel, Dana Group of Companies, Isopan, Italpannelli S.R.L., Kingspan Group, Lattonedil, Multicolor Steels India Pvt Ltd., Tata Steel, and Zhongjie Group are among the leading companies in the MEA sandwich panel market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, The Kingspan Group invested 2.5 billion euros in the first stage of the strategic partnership with H2 Green Steel in April 2021, as 65% of Kingspan's business revenue comes from the sale of its insulated panels, which sandwich panels for use on building facades. Using only low emissions steel would see Kingspan reduce embodied carbon in its insulated panel products by approximately 45%. It would also contribute to Kingspan Group's 2030 goal of cutting emissions from its supply chain by 50% bdelivering up to a 35% reduction in the Group.
Contact Person: Sameer Joshi
Email Id: email@example.com