Sandwich Panel Market Key Findings, Regional Analysis, Key Players and Future Prospects

Growing Cold Storage Applications of Sandwich Panels to Boost the Global Sandwich Panel Market

Sandwich panels are a triple-layer structure that contains hard and rigid thin outer skin and insulating core material in between. This structure is used to protect the interior against sound, extreme weather conditions, and sudden breakout of fires. Sandwich panels provide effective solutions for insulation, temperature control, as well as meet the aesthetic requirements. These panels are easy to install, cost-effective, and require no maintenance, which makes them an ideal choice over traditional panels, particularly in certain applications such as cold storage warehouses and rural area construction. These panels are highly used in the construction of industrial buildings, commercial buildings, cold storages, residential buildings, power plants, agricultural and husbandry buildings, etc. Sandwich panel products demand is bolstering globally due to the resumptions of building construction activities globally.

Sandwich panels are increasingly used in many commercial settings that include large refrigeration areas. They are also ideal for warehouses to store sensitive items that need to be kept at a steady temperature, such as frozen products and other temperature-sensitive items. Increasing urbanization and a rise in retail food processing demand for products that need efficient cold storage facilities. Furthermore, during the pandemic, increased online grocery sales and expanded e-commerce channels resulted in the need to expand cold storage facilities. Sandwich panels are used in refrigerated trucks, also known as reefer trailers, for transporting temperature-sensitive items. Reefer vehicles maintain temperature throughout the supply chain to ensure the product reaches consumers in fresh condition. Most cold chain products are transported through reefer vehicles in many developed countries. With the growth in the foodservice industry, the demand for reefer trucks is also increasing. The growing demand for ready-to-eat/cook, dairy products, and pharma items is propelling the demand for these reefer trucks, in turn, creating the demand for sandwich panels.

Kingspan Group, Assan Panel, Isopan, Tata Steel, ArcelorMittal, Attonedil, Italpanneli S.R.L, DANA Group of Companies, Zhongjie Group, Multicolor Steel India Pvt. Ltd. are among the major market players operating in the sandwich panel market. These companies offer their products worldwide, which helps them in catering to a wider customer base. These major players in the market are highly focused on the development of high-quality and innovative products to fulfill the customer’s requirements. Over the past few years, the companies operating in the market have realized the immense potential pertaining to the sandwich panel market and were highly involved in strategies such as mergers & acquisitions and product launches.

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