According to a recent market study published by Growth Market Reports, titled, "North America and Europe Steel Sandwich Panel Market by core materials, by properties, by applications, by end-use industries, and by regions: Size, Share, Trends and Opportunity Analysis, 2017-2027", the market was valued at USD 4,780.4 Million in 2019 and is expected to grow at a growth rate of 2.8% by the year 2027. North America and Europe steel sandwich panel market is anticipated to grow significantly during the forecast period. Increasing awareness about benefits of steel sandwich panels, rising demand of dry construction technique, growing construction of energy-efficient buildings, and rising use of thermal performance of steel sandwich panels are some of the factors contributing to the market growth.

North America and Europe steel sandwich panel market has been segmented into core materials, properties, applications, end-use industries, and regions. In terms of core materials, the steel sandwich panel market is categorized as polyurethane, polyisocyanurate, mineral wool, expanded polystyrene, and others. Based on properties, the market is categorized as acoustic performance, fire resistance, and thermal insulation. On the basis of applications, the market is categorized as building roof, building wall, cold storage, and others. Based on end-use industries, the market is categorized as residential, commercial, industrial, institutional, and infrastructure. By regions, the steel sandwich panel market is segmented as North America and Europe.

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Increasing construction of energy-efficient buildings is anticipated to fuel the demand for steel sandwich panels in the construction industry. For instance, according to the International Energy Agency (IEA), commercial and residential buildings consume about one-third of the world’s energy. Most of the energy-efficient building’s energy is used for heating, cooling, ventilating, lighting, water heating, and cooking. This amount of energy is remarkable and has a massive opportunity for energy-consumption savings. These factors are anticipated to fuel the demand for energy-efficient residential and commercial buildings, thus driving the steel sandwich panel market growth.

As per Growth Market Reports industry analyst Kalyani Devrukhkar, COVID-19 pandemic had a negative impact on the construction industries of North America and Europe. The impact of COVID-19 is growing by the day and affecting the supply chain of the industries. The pandemic has affected supply chain for the steel products across the globe due to negative impact of COVID-19 on international trade. The dynamics of construction industry directly impact the demand and sales of sandwich steel panels. Major factors of current pandemic that have affected the construction industry include reverse migration, disruption of supply chains, and production shutdown amongst others. This, in turn, is anticipated to hamper the steel sandwich panel market.

Key Takeaways from the Study:

  • The market in Europe acquires a major share, while North America is expected to grow at a high rate.
  • The UK acquired a major market share of steel sandwich panels, followed by Germany and is anticipated to grow during the forecast period.
  • The PUR core materials segment of steel sandwich panel market is anticipated to grow at a rapid pace during the forecast period.
  • The commercial segment accounts for a major share of the market and is anticipated to grow at a high CAGR during the forecast period.

Report Scope:

Report Metric

Details

Market Value in 2019

USD 4,780.4 Million

Market Growth Rate (from 2020 to 2027)

2.8%

Historical Data

2017 & 2018

Base Year

2019

Forecast Period

2020 – 2027

Market Segments

Core Materials, Properties, Applications, End-Use Industries, and Regions.

Region Scope

North America, and Europe

Key Companies Profiled

Alubel S.p.A., ArcelorMittal, Areco, Balex-Metal, Cornerstone Building Brands, FALK, Fischer Profil GmbH, Kingspan Group, Structural Panels Inc., and Tata Steel.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Demand Side: Construction industries, infrastructure sector, and steel sandwich panel manufacturing, among others.
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies. Associations and Industry Bodies: International Energy Agency (IEA), World Steel Association, Organization for Economic Co-operation and Development (OECD), ICE UK, IOP Publishing, Global Forum on Steel Excess Capacity, among others.