The sandwich panel market in SAM is expected to grow from US$ 234.87 million in 2021 to US$ 361.18 million by 2028; it is estimated to grow at a CAGR of 6.3% from 2021 to 2028.
The sandwich panel market in SAM is sub segmented into Brazil, Argentina, and the Rest of SAM. Despite the ongoing surge in COVID-19 cases, Latin America's construction sector seems to be benefiting from a faster-than-expected recovery in the region's economy. Rising household income levels and increasing number of people migrating from rural to urban areas are expected to drive the demand for the residential construction sector in the country. The augmented focus on affordable housing by both public and private sectors may propel the development in the residential construction sector, thereby boosting the usage of sandwich panels in construction applications. ​Furthermore, the region's key players can increase their market share by focusing on product development and innovations. It is considered that with the increasing presence of global and local market players, coupled with growing research and development activities, the sandwich panel market will find immense opportunities in the coming years. The rise in investment in research & development activities and technological innovations related to sandwich panels is also expected to bolster the market's growth.
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 SAM sandwich panel market. The SAM sandwich panel market is expected to grow at a good CAGR during the forecast period.
SAM Sandwich Panel Market Revenue and Forecast to 2028 (US$ million)
SAM Sandwich Panel Market Segmentation
SAM sandwich panel market is segmented into material, application, end use, and country. Based on type, the SAM sandwich panel market is segmented into polyurethane, polyisocyanurate, mineral wool, and others. Others segment held the largest share in the SAM sandwich panel market in 2020. Based on application, the SAM sandwich panel market has been segmented into wall panels, roof panels, and others. The wall panels segment held the largest share in the SAM sandwich panel market in 2020. Based on end use, the SAM sandwich panel market is segmented into residential and non-residential. The non-residential segment held the largest share in the SAM sandwich panel market in 2020. Based on country, the SAM sandwich panel market is segmented into Brazil, Argentina, and the Rest of SAM. 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 SAM sandwich panel market.
South America Sandwich Panel Market Strategic Insights
South America Sandwich Panel Market Report Highlights
| Report Attribute | Details |
| Market size in 2021 | US$ 234.87 Million |
| Market Size by 2028 | US$ 361.18 Million |
| CAGR (2021 - 2028) | 6.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Material
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Regions and Countries Covered
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| South and Central America | Brazil, Argentina, Rest of South and Central America |
| Market leaders and key company profiles |
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South America Sandwich Panel Market Country and Regional Insights
