$4450
$3560
The global steel sandwich panel market size is projected to reach US$ 1.71 billion by 2031 from US$ 1.08 billion in 2024. The market is expected to register a CAGR of 6.7% during 2025–2031.
Global Steel Sandwich Panel Market Analysis
The steel sandwich panel industry is growing due to increasing interest in sustainable and energy-efficient building materials. Improvements in manufacturing technologies have also facilitated higher-quality panels that provide better insulation, strength, and fire-resistance for walls, roofs, and cold storage applications. Additionally, opportunities exist with custom-designed panels to meet specific structural or environmental needs. A growing focus on compliance with regulatory guidelines and discontinuous materials has supported the modest growth.
Global Steel Sandwich Panel Market Overview
The worldwide steel sandwich panel market is expanding as industries are more focused on energy-efficient, durable construction alternatives. North America and Europe dominate the bulk of the consumption due to the advanced construction sectors and stringent regulations on buildings. Asia Pacific and Latin America are the emerging markets for the steel sandwich panel market, as these regions experience rapid urbanization and ongoing infrastructure maintenance. The introduction of new panel designs and better insulating elements of the panel will increase the attractiveness to the market. Interest remains high despite a challenging supply chain and complex regulations. Growth is expected to continue as there is more focus on sustainable building practices, along with the development of new materials for construction purposes that are pivotal in improving energy efficiency and structural performance in building structures globally.
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Steel Sandwich Panel Market: Strategic Insights
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Global Steel Sandwich Panel Market Drivers and Opportunities
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Steel Sandwich Panel Market: Strategic Insights
Shejal
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Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Market Drivers:
Expanding Construction Activities
The increase in international infrastructure projects and commercial building projects propels the demand for steel sandwich panels due to their durability and ease of installation.Demand for Energy Efficiency
Increasing sustainable building regulations and an awareness of sustainable building practices amplify the demand for steel sandwich panels due to their advantages of thermal insulation.Urbanization in Emerging Markets
Increased urbanization in developing regions, such as the Asia Pacific and Latin America, creates demand for lightweight, modular construction systems such as steel sandwich panels.Progress in Manufacturing Technology
Advancements in production technologies are elevating panel quality by introducing enhanced burn resistance, superior strength, and greater customization options.
Market Opportunities:
Green Building Initiatives
With greater emphasis on environmentally friendly construction, there is an opportunity for developing sustainable, recyclable steel sandwich panels that lead to lower embodied energy.Customization of Panels
The push for customization of panels to meet specific applications adds to the potential to grow a niche market.Value-Added Alternatives
The rising trend in retrofitting and improving existing buildings for energy efficiency has created opportunities for steel sandwich panels.Expansion in Emerging Economies
Growing investments in construction in developing markets present opportunities for market expansion and partnering with local builders.
Global Steel Sandwich Panel Market Report Segmentation Analysis
The global steel sandwich panel market is divided into different segments to give a clearer view of how it works, its growth potential, and the latest trends. Below is the standard segmentation approach used in most industry reports:
By Core Material:
Polyisocyanurate
Polyisocyanurate (PIR) is used for its properties of thermal insulation and fire resistance. This makes PIR a great choice for energy-efficient buildings and cold storage applications.Mineral Wool
Mineral wool is preferred for its resistance to fire and sound insulation. Manufacturers offer products for commercial and industrial buildings, as they require a high level of safety.
By Application:
Wall Panels
Wall panels are commonly used in residential, commercial, and industrial buildings, providing strength to the structure along with insulation and aesthetics.Roof Panels
Roof panels are lightweight and efficient for thermal performance and are used in warehouses, factories, and other large buildings.Others
Other specialty applications include cold storage panels and acoustic panels. They are used for custom needs.
By End Use:
Residential
Residential applications are increasing in popularity for energy efficiency, quick installation, and cost-effective construction.Commercial
Steel sandwich panels are used in office buildings, retail centers, and shopping centers because of their durability, insulating properties, and low maintenance.Industrial
Industrial applications are probably used in factories or warehouses for their heavy frame, fire resistance, and durability in diverse environmental conditions.Institutional
Institutional applications can be found in schools, hospitals, or public buildings for their safety, thermal properties, and compliance with codes.Infrastructure
Infrastructure applications can be found in large buildings and projects such as airports or transit hubs for their modular capabilities and ability to meet the highest performance specifications.
By Geography:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South and Central America
The steel sandwich panel market in the
Asia Pacific
is expected to witness the fastest growth.Market Report ScopeGlobal Steel Sandwich Panel Market Share Analysis by Geography
Asia Pacific is expected to grow rapidly in the next few years. Emerging markets in the Asia Pacific also have many untapped opportunities for steel sandwich panel providers to expand.
The steel sandwich panel market grows differently in each region.
1. North America
Market Share:
The most mature market, primarily due to the presence of advanced construction industries in the US and CanadaKey Drivers:
- The substantial investment in both sustainable and energy-efficient building solutions.
- Innovations and advanced manufacturing capabilities in panel technology.
Trends:
Adoption of green building certifications, increased utilization of prefabricated structures, demand for high-performance insulation materials, and improvement in energy code requirements.
2. Europe
Market Share:
A considerable market spearheaded by Germany, France, and the United Kingdom, with a significant emphasis on complianceKey Drivers:
- The presence of stringent environmental and building codes that encourage the use of energy-efficient products
- A strong construction industry that emphasizes the sustainable design of its infrastructure
Trends:
The increase of modular construction, demand for fire-resistant products, utilization of eco-friendly building materials, and retrofits of existing buildings
3. Asia Pacific
Market Share:
The fastest-growing market led by China, India, and Japan as a result of urbanization and improvements in infrastructureKey Drivers:
- The increase in construction for commercial and industrial purposes.
- Government support for affordable and sustainable housing.
Trends:
The increased activities of lightweight panels, appropriate use of cold storage facilities, cost-effective modular assemblage, and a rise in foreign investment for construction
4. Middle East and Africa
Market Share:
Surging market growth, especially in the UAE, Saudi Arabia, and South Africa, due to infrastructure investmentsKey Drivers:
- Demand for long-lasting materials in extreme weather conditions.
- Large urban and industrial projects backed by national development projects.
Trends:
Expansion of cold chain logistics, preference for fire-resistant and insulated panels, growth in commercial real estate, and interest in energy-efficient buildings
5. South and Central America
Market Share:
An emerging market with opportunity in Brazil, Mexico, and Argentina, backed by urban expansion and industrializationKey Drivers:
- There is a growing demand for less costly building materials that are quick to install.
- Increasing foreign investments in infrastructure and commercial building projects.
Trends:
Modular building for housing, growth in industrial warehousing, interest in sustainable building solutions, and regional trading partnerships.
Global Steel Sandwich Panel Market Players Density: Understanding Its Impact on Business Dynamics
High Market Density and Competition
Competition is intense due to established players such as ArcelorMittal SA and Kingspan Group Plc, as well as regional and niche providers such as EuroPanels, GRUPO HIEMESA, and IRMALEX, adding to the competitive landscape across different regions.
This high level of competition urges companies to stand out with their offerings:
- Panels that provide better insulation, fire resistance, and structural integrity, while being third-party certified and approved by construction professionals
- Low-impact core materials with energy-efficient methods of manufacture to meet the increasing need for green building options
Opportunities and Strategic Moves
- Engaging in research and development to design new, specialized steel sandwich panels as an example of enhanced thermal performance or modular design that is responsive to the needs of a variety of construction sectors
- Partnering with construction companies, architects, and other stakeholders (i.e., regulators) to serve an expanded market and develop the confidence and trust needed for documented and certified panel solutions that are built sustainably
Major Companies operating in the Global Steel Sandwich Panel Market are:
- ArcelorMittal SA
- Kingspan Group Plc
- ISOPAN
- Balex-Metal
- Tata Steel Ltd
- Assan Panel A.?.
- ARPANEL
- PANELTECH SP. Z O.O
- Metecno
- ACH Panels
Disclaimer: The companies listed above are not ranked in any particular order.
Other companies analyzed during the course of research:
- EuroPanels Sp. z o.o.
- GRUPO HIEMESA S.L
- RWD Sandwich Panels S.r.l.
- IRMALEX
- Izopanel sp. z o.o.
Global Steel Sandwich Panel Market News and Recent Developments
Implementation of Izopanel sandwich panels in Lublin.
Izopanel implemented Izopanel sandwich panels in Lublin. General Contractor Gaj-Stal completed another investment project, utilizing high-quality Izopanel sandwich panels.
Global Steel Sandwich Panel Market Report Coverage and Deliverables
The "Global Steel Sandwich Panel Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering the following areas:
- Global steel sandwich panel market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Global steel sandwich panel market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed Porter's and SWOT analysis
- Global steel sandwich panel market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the global steel sandwich panel market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
ArcelorMittal SA, Kingspan Group Plc, ISOPAN, Balex-Metal, Tata Steel Ltd, Assan Panel A.Ş., ARPANEL, PANELTECH SP. Z O.O, Metecno, ACH Panels, EuroPanels Sp. z o.o., GRUPO HIEMESA S.L, RWD Sandwich Panels S.r.l., IRMALEX, and Izopanel sp. z o.o. are among the key players operating in the steel sandwich panel market.
Adoption of sustainable materials, growth in modular construction, rising need for insulated panels in cold chain logistics, and food processing facilities are likely to emerge as key trends in the steel sandwich panel market.
Growing construction activities, demand for energy efficiency, and advancements in manufacturing technology contribute to the steel sandwich panel market growth.
Asia Pacific accounted for the largest share of the market in 2024.
The steel sandwich panel market size is projected to reach US$ 1.71 billion by 2031.
The List of Companies - Steel Sandwich Panel Market
- ArcelorMittal SA
- Kingspan Group Plc
- ISOPAN
- Balex-Metal
- Tata Steel Ltd
- Assan Panel A.Ş.
- ARPANEL
- PANELTECH SP. Z O.O
- Metecno
- ACH Panels
- EuroPanels Sp. z o.o.
- GRUPO HIEMESA S.L
- RWD Sandwich Panels S.r.l.
- IRMALEX
- Izopanel sp. z o.o.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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