Sandwich Panels Market

By Core Material;

Polyurethane (PUR), Polyisocyanurate (PIR), Mineral Wool, Expanded Polystyrene (EPS) and Others

By Skin Material;

Continuous Fiber Reinforced Thermoplastics (CFRT), Fiberglass Reinforced Panel (FRP), Aluminum, Steel and Others

By Technology;

Continuous and Discontinuous

By Application;

Wall Panels, Roof Panels, Insulated Panels and Others

By End-Use Sector;

Residential, Commercial, Industrial and Institutional & Infrastructure

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn954434580 Published Date: September, 2025 Updated Date: October, 2025

Sandwich Panel Market Overview

Sandwich Panel Market (USD Million)

Sandwich Panel Market was valued at USD 1,969.82 million in the year 2024. The size of this market is expected to increase to USD 3,268.02 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.5%.


Sandwich Panels Market

*Market size in USD million

CAGR 7.5 %


Study Period2025 - 2031
Base Year2024
CAGR (%)7.5 %
Market Size (2024)USD 1,969.82 Million
Market Size (2031)USD 3,268.02 Million
Market ConcentrationMedium
Report Pages396
1,969.82
2024
3,268.02
2031

Major Players

  • ArcelorMittal Construction
  • Kingspan Group
  • Rautaruukki Corporation
  • ITALPANNELLI SRL
  • Tata Steel

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Sandwich Panels Market

Fragmented - Highly competitive market without dominant players


The Sandwich Panels Market is expanding rapidly as industries embrace lightweight, durable, and energy-efficient building solutions. Usage of sandwich panels has grown by over 40% due to their strong insulation capacity and cost-saving benefits. They are increasingly applied in industrial, commercial, and residential spaces for long-term structural performance.

Innovations Supporting Market Expansion
Advancements in fire-resistant coatings and composite technologies have reinforced the potential of sandwich panels. Around 50% of manufacturers are enhancing product durability, structural strength, and environmental resistance, creating new opportunities in specialized infrastructure and prefabricated applications.

Economic Advantages Fueling Growth
The cost-effectiveness of sandwich panels is a major factor in their adoption. More than 45% of projects highlight savings in both material and labor costs. Their quick installation and minimal upkeep not only accelerate project timelines but also deliver consistent value over time.

Diverse Applications Across Industries
The adaptability of sandwich panels is driving strong market penetration. Over 30% of usage stems from industries like logistics, warehousing, and modular construction, where durability, insulation, and flexibility are crucial. Their role in cold storage and prefabricated designs further underscores their importance in modern construction.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Core Material
    2. Market Snapshot, By Skin Material
    3. Market Snapshot, By Technology
    4. Market Snapshot, By Application
    5. Market Snapshot, By End-Use Sector
    6. Market Snapshot, By Region
  4. Sandwich Panel Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Industrial Expansion
        2. Surface Preparation Standards
        3. Technological Advancements
        4. Demand for Efficiency
      2. Restraints
        1. Environmental Regulations
        2. Health Concerns
        3. Cost of Abrasives
        4. Substitute Technologies
      3. Opportunities
        1. R&D in Abrasive Materials
        2. Growth in Construction
        3. Automotive Industry
        4. Emerging Markets
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Sandwich Panels Market, By Core Material, 2021 - 2031 (USD Million)
      1. Polyurethane (PUR)
      2. Polyisocyanurate (PIR)
      3. Mineral Wool
      4. Expanded Polystyrene (EPS)
      5. Others
    2. Sandwich Panels Market, By Skin Material, 2021 - 2031 (USD Million)
      1. Continuous Fiber Reinforced Thermoplastics (CFRT)
      2. Fiberglass Reinforced Panel (FRP)
      3. Aluminum
      4. Steel
      5. Others
    3. Sandwich Panels Market, By Technology, 2021 - 2031 (USD Million)
      1. Continuous
      2. Discontinuous
    4. Sandwich Panels Market, By Application, 2021 - 2031 (USD Million)
      1. Wall Panels
      2. Roof Panels
      3. Insulated Panels
      4. Others
    5. Sandwich Panels Market, By End-Use Sector, 2021 - 2031 (USD Million)
      1. Residential
      2. Commercial
      3. Industrial
      4. Institutional & Infrastructure
    6. Sandwich Panel Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Kingspan Group
      2. ArcelorMittal
      3. Tata Steel
      4. Assan Panel A.S.
      5. Metecno S.p.A.
      6. Nucor Corporation
      7. BASF
      8. Isopan
      9. PPG Industries
      10. Rautaruukki Corporation
      11. Sips Panels Ltd
      12. SchwörerHaus
      13. Changzhou Jiasheng Building Materials
      14. Jiangsu Zhongtai Steel Structure
      15. Cornerstone Building Solutions
  7. Analyst Views
  8. Future Outlook of the Market