North America Cold Storage Sandwich Panels with Polyurethane Core Market

Market Introduction

Sandwich panels are used for building walls and roofs cold storage and for building enclosures of industrial cold storage devices, air conditioning devices, etc. Such panels are manufactured in a continuous process of joining the insulating core with external lining, most often metal plates. The final product is a sandwich panel consisted of several layers. Metal lining protects against weather conditions, such as rain or snow and performs decorative function. These panels are also resistant to corrosive factors. They keep their parameters when exposed to moisture, steam, snow, chemicals, or other difficult conditions. The core, made of polyurethane foam when joined with the lining, it becomes a barrier protecting against fire, wind, snow load, temperature, and other factors. 

Market Overview and Dynamics

The cold storage sandwich panels with polyurethane core market in the North America was valued at US$ 956.26 million in 2021 and is projected to reach US$ 1,345.83 million by 2028; it is expected to grow at a CAGR of 5.0% from 2021 to 2028.

Advantages of cold storage sandwich panels infused with polyurethane core along with rising investment in cold storage facilities are expected to propel the market growth. Also, rising adoption of environment-friendly polyurethane-based cold storage sandwich panels are anticipated to create lucrative opportunities for the cold storage sandwich panels with polyurethane core manufacturers during the forecast period. However, fluctuation in raw material prices are the restraints for the North America cold storage sandwich panels with polyurethane core market growth.

Impact of COVID-19 Pandemic on North America Cold Storage Sandwich Panels with Polyurethane Core Market 

North America is one of the worst-affected regions due to the COVID-19 pandemic. The US reported the highest number of confirmed cases of COVID-19, followed by Canada and Mexico. The unprecedented rise in the number of COVID-19 cases across the US and Canada and the subsequent lockdown of its numerous manufacturing facilities have negatively influenced the growth of various markets. As of July 8, 2021, the total number of cases in the US has been registered to be 34,645,515 with 621,902 deaths and 29,168,313 recoveries. With the state of economic recovery, several industrial sectors are strategically planning to invest in advanced materials and better cold storage facilities with the rising need for advanced refrigeration facilities across food & beverages, medical and pharmaceuticals, chemicals, and other such facilities. This is expected to provide an impetus to market growth. For instance, as per a report published by CBRE, the pandemic has created massive disruptions in the food and other industries, which is expected to proliferate the demand for industrial cold storage space in the US. Before the pandemic, people were less engaged in buying perishable and edible items from online retail channels. However, the situation has been altered since the pandemic as consumers are actively involved in buying perishable products such as frozen meats and poultry through online portals. This has substantially raised the demand for advanced temperature-controlled space, thereby promoting the demand for cold storage sandwich panels based on polyurethane core in the regional market. Nevertheless, as the economies are planning to revive their operations, the demand for cold storage sandwich panels with polyurethane core is expected to rise globally. The expanding demand for cold storage sandwich panels with polyurethane core across residential, commercial, and industrial sectors is also supported by the stringent government regulations on the use of thermal insulation along with eco-friendly and energy-efficient materials. Further, the significant investment by prominent manufacturers is expected to drive the growth of the cold storage sandwich panels with polyurethane core.

Key Market Segments

Based on application, the North America cold storage sandwich panels with polyurethane core market is bifurcated into wall panel, roof panel and others. Wall panel segment held the largest share in the North America cold storage sandwich panels with polyurethane core market in 2021. The North America cold storage sandwich panels with polyurethane core market is segmented based on the end-user such as residential and commercial and industrial. The commercial and industrial segment held a substantial share of the North America cold storage sandwich panels with polyurethane core market in 2021. Cold storages are significantly used as modern cooling techniques so as to preserve bulk perishable products such as fruits and vegetables, meat and fish products, cooked food, packaged edible items, medicines and others. Such panels are also used at commercial places to create walk-in cold rooms, effectively stationed in supermarkets, hotels, supply chains and other such places. These rooms are comparatively smaller than warehouse cold stores and generally store limited perishable stocks.In addition, such cold storage panels help to control temperature and supports insulation and can be effectively used in warehouses, walk in freezers, food and beverage processing facilities, pharmaceutical set-up and others..

Major Sources and Companies Listed

A few of the key players operating in the North America cold storage sandwich panels with polyurethane core market are Balex-Metal; Brucha Gesellschaft M.B.H.; Metl-Span; Coldmatic; Apt Industries; Innovative Composite Products Inc.; Insta-Insulation; Enerpan Building Systems Ltd.; Brdeco Group.

Reasons to Buy Report

• To understand the North America cold storage sandwich panels with polyurethane core market landscape and identify segments that are most likely to guarantee a strong return
• To comprehend the ever-changing competitive landscape of the market 
• To efficiently plan merger and acquisition, and partnership deals in the market by identifying market segments with the most promising probable sales 
• To take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment from the market
• To obtain revenue forecast for the market based on various segments from 2019 to 2028

North America Cold Storage Sandwich Panels with Polyurethane Core Market Segmentation

• Wall Panel
• Roof Panel
• Others

• Residential
• Commercial and Industrial

• Balex-Metal
• Brucha Gesellschaft M.B.H.
• Metl-Span
• Coldmatic
• Apt Industries
• Innovative Composite Products Inc.
• Insta-Insulation
• Enerpan Building Systems Ltd.
• Brdeco Group

North America Cold Storage Sandwich Panels with Polyurethane Core Market Strategic Insights

North America Cold Storage Sandwich Panels with Polyurethane Core Market Segmentation Analysis

North America Cold Storage Sandwich Panels with Polyurethane Core Market Report Highlights

North America Cold Storage Sandwich Panels with Polyurethane Core Report Scope

North America Cold Storage Sandwich Panels with Polyurethane Core Market Country and Regional Insights