The high rate of construction activities in countries such as China and India creates an enormous demand for various construction products. Sandwich panels have proved to be a revolutionary solution in the construction industry over the last few decades. The use of sandwich panels makes the construction process less complicated and thus quicker. Thermal and sound insulation, fast and lightweight installation, strength, and durability are among the advantages offered by sandwich panels, owing to which these panels are highly used in the construction of industrial buildings, commercial buildings, cold storages, residential buildings, power plants, agricultural and husbandry buildings, etc. Due to the increasing population and rapidly growing commercial sector across the region, the growth of construction activities is driving the construction sector in the region. The region's rising population is putting a strain on current infrastructure, necessitating the development of new structures. With a vision to provide housing for all by 2022, the Government of India launched the “Pradhan Mantri Awas Yojana” mission. Through this mission, the government aims at providing houses for all by 2022. Such development results in enhanced construction activities. Hence, constant growth in the construction industry will offer lucrative opportunities for the sandwich panel market growth during the forecast period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC sandwich panel market. The APAC sandwich panel market is expected to grow at a good CAGR during the forecast period.
APAC sandwich panel market is segmented into material, application, end use, and country. Based on type, the APAC sandwich panel market is segmented into polyurethane, polyisocyanurate, mineral wool and others. Others segment held the largest share in the APAC sandwich panel market in 2020. Based on application, the APAC sandwich panel market has been segmented into wall panels, roof panels, and others. The wall panels segment held the largest share in the APAC sandwich panel market in 2020. Based on end use, the APAC sandwich panel market is segmented into residential and non-residential. Non-residential segment held the largest share in the APAC sandwich panel market in 2020. Based on country, the APAC sandwich panel market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. 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 APAC sandwich panel market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,230.35 Million |
| Market Size by 2028 | US$ 1,978.04 Million |
| CAGR (2021 - 2028) | 7.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Material
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Sandwich Panel Market is valued at US$ 1,230.35 Million in 2021, it is projected to reach US$ 1,978.04 Million by 2028.
As per our report Asia Pacific Sandwich Panel Market, the market size is valued at US$ 1,230.35 Million in 2021, projecting it to reach US$ 1,978.04 Million by 2028. This translates to a CAGR of approximately 7.0% during the forecast period.
The Asia Pacific Sandwich Panel Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Sandwich Panel Market report:
The Asia Pacific Sandwich Panel Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Sandwich Panel Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Sandwich Panel Market value chain can benefit from the information contained in a comprehensive market report.
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