Steel Sandwich Panel Market Overview

The global construction industry has experienced substantial development during the past few years. The growth is owing to a surge in demand for the real estate projects that largely incorporate materials having energy efficient features. Steel sandwich panels are construction materials that are proven to extend efficient solutions for insulation and temperature control. It also meets the aesthetic standards. The panels offer a gamut of advantages to the buildings that encompasses acoustic insulation, fire protection, and protection against adverse weather conditions. Along with these benefits, the steel sandwich panel provides quick and easy installation coupled with extended durability.

Steel sandwich panels are preferred over the conventional concrete panels and roof panels as these panels assist in curbing the time required to complete the construction projects and they are quite energy efficient. Since the focus on economic feasibility and energy efficiency in the construction industry has surged notably, the market for steel sandwich panels is projected to witness a prominent growth rate over the forecast period. In the worldwide construction industry, steel sandwich panels are being easily adopted. This trend has been dominating the industry over the past few years as these panels have proven to be cost-effective alternatives in the construction of buildings, thus creating lucrative opportunities for the manufacturers. The global steel sandwich panels market is estimated to develop at a CAGR of approximately 6% over 2018–2023.

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Key Players

Global steel sandwich panel market is dominated by key players such as Ashtead Group, Ahern Rentals, Inc., Caterpillar, Inc., Cramo PLC, Shanghai Hongxin Equipment Engineering Co., Ltd, Nesco Rentals, Herc Holdings, United Rentals, Inc, and Riwal.

Market Segmentation

The global steel sandwich panels market is segmented based on application, region, and type. Based on type, the steel sandwich panel market is segmented into PU panels, PF panels, and EPS panels. Under the type segment, the EPS panels segment is estimated to experience a significant growth rate, as the panels offer effective thermal insulation, are cost-effective, have long lifespan, and low costs for maintenance. Applications of EPS panels as insulation materials include sandwich panel systems, layered with steel on both sides, for roofs, floors, walls, as well as facades for both residential and commercial buildings. These attributes make EPS panels the dominating segment in the global steel sandwich panels market. Based on application, the market is segmented into commercial, residential, cold storage, and agricultural farmhouse buildings. In 2017, the commercial segment accounted for holding the most dominating market share, which is likely to retain its position till 2023. This is attributed to the rapid expansion and development of shopping malls, offices, educational institutions, and hospitals, primarily in emerging countries, such as India and China.

Regional Analysis

Geographically, the global steel sandwich market is segmented into Asia-Pacific, Europe, North America, and the Rest of the World. Europe held the largest share in the global steel sandwich panels market, followed by North America and Asia-Pacific. The growth is mainly due to the stringent governmental regulations for curtailing greenhouse emissions, which drives the demand for green construction materials. Asia-Pacific is estimated to witness a consistent rise in share in the steel sandwich panels market over the forecast period. The growth can be attributed to the increasing rate of urbanization in the market. Asia-Pacific is projected to be the most lucrative market owing to the rapidly developing real estate sector. The real estate projects mainly include prefabricated buildings, civil engineering buildings, and pre-engineered buildings. Moreover, some of the largely populated countries are present in this market. In order to cater to the demand for infrastructure, emerging economies such as China, South Korea, and India are seeking huge outlays in the construction industry. This in turn drives the market for steel sandwich panels.

Table of Contents

1 Executive Summary

2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model

3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/supply Chain Analysis

Continued......

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List of Tables

Table 1 Global Steel Sandwich Panels Market, by Region, 2018–2023
Table 2 North America: Steel Sandwich Panels Market, by Country, 2018–2023
Table 3 Europe: Steel Sandwich Panels Market, by Country, 2018–2023
Table 4 Asia-pacific: Steel Sandwich Panels Market, by Country, 2018–2023
Table 5 Row: Steel Sandwich Panels Market, by Country, 2018–2023
Table 6 Global Steel Sandwich Panels Market, by Type, by Region, 2018–2023
Table 7 North America: Steel Sandwich Panels Market, by Type, by Country, 2018–2023
Table 8 Europe: Steel Sandwich Panels Market, by Type, by Country, 2018–2023

Continued......

List of Figures

Figure 1 Research Process of Mrfr
Figure 2 Top-down and Bottom-up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Steel Sandwich Panels Market Share, by Type, 2017 (%)

Continued.......

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