North America and Europe Steel Sandwich Panel Market by Core Materials(Polyurethane (PUR), Polyisocyanurate (PIR), Expanded Polystyrene (EPS), Mineral Wool, and Others), Properties (Acoustic Performance, Fire Resistance, and Thermal Insulation), Applications (Building Roof, Building Wall, Cold Storage, and Others), End-Use Industries (Residential, Commercial, Industrial, and Institutional and Infrastructure), and Regions (North America, and Europe)
Market Outlook:
The steel sandwich panel market in North America and Europe was valued at USD 4,780.4 Million in 2019 and is projected to reach USD 5,898.1 Million by 2027, expanding at a CAGR of 2.8% during the forecast period. Steel sandwich panels are used in applications such as building roofs, building walls, cold storage, and others. Demand for steel sandwich panel is driven by the rapid growth in construction of energy-efficient buildings.
Steel sandwich panels are construction materials manufactured by joining the layers of covering metals. It is a product that incorporates cladding of roof, floor and walls of a building. These panels are used in a number of applications, due to their durability, structural integrity, and strong insulation properties. Steel sandwich panels have the ability to protect the interior against sound, extreme weather conditions, and sudden breakout of fires. Growth in construction activities due to increasing demand for steel sandwich panels is anticipated to boost the demand for residential and commercial buildings. This, in turn, is projected to fuel the steel sandwich panel market in North America and Europe during the forecast period.
Market Dynamics
Steel sandwich panels involve a high range of benefits such as protection against weather conditions, acoustic insulation, and fire, which is expected to fuel construction activities. This, in turn, is expected to increase the demand for steel sandwich panels during the forecast period.
Dry construction technique includes lightweight construction of interior walls, ceilings, and floors, using plastered or microfiber board, which is attached during installation. Dry construction is gaining popularity, as it helps in creating high-quality, low-cost, time-effective, and eco-friendly projects. Increasing demand for dry construction technique associated with steel sandwich panels is expected to drive the market during the forecast period.
Increasing construction of energy-efficient buildings is expected to increase the demand for steel sandwich panels during the forecast period. Energy-efficient building’s energy is used for heating, cooling, ventilating, lighting, water heating, and cooking.
Rising use of thermal performance of steel sandwich panels is due to their benefits such as heat retention in residential or commercial buildings. This, in turn, is expected to increase their demand during the forecast period. Fluctuation in the price of raw materials is projected to hinder the demand for steel sandwich panels. High cost of few of the types of steel sandwich panels along with high installation cost may hamper the market growth.
Increasing construction of cold storage and warehouses for vaccine storage are expected to create opportunities in the steel sandwich panel market. Thus, increasing number of construction projects is projected to create opportunities in the market during the forecast period.
Segmental Outlook
Based on core materials, the steel sandwich panel market is segregated into polyurethane, polyisocyanurate, mineral wool, expanded polystyrene, and other core materials. The polyurethane segment held 20.8% share of the market in 2019, as it is majorly used in the construction industry. The expanded polystyrene (EPS)segment is anticipated to expand at a CAGR of 2.5% during the forecast period. Segment growth can be attributed to increasing applications of polyurethane in the construction sector and automotive industry, such as polyurethane-based joints used for weather-resistance in buildings.
In terms of properties, the steel sandwich panel market is classified as acoustic performance, fire resistance, and thermal insulation. The acoustic performance segment accounted for 43% share of the market in 2019 and is expected to expand at a substantial CAGR during the forecast period, due to their sound insulating properties. The thermal insulation segment is projected to expand at a rapid pace during the forecast period, due to increasing demand for steel sandwich panels in construction activities.
Based on applications, the steel sandwich panel market is segregated into building roofs, building walls, cold storage, and others. The wall panel segment held 40% share of the market in 2019, as it is majorly used in the construction industry. The roof panel segment is anticipated to expand at a CAGR of 2.6% during the forecast period. Segment growth can be attributed to the increasing demand for renovation of residential structures, due to improving living standards and increasing disposable income of individuals.
In terms of end-use industries, the steel sandwich panel market is classified as residential, commercial, industrial, institutional, and infrastructure. High demand for construction in the industrial sector is expected to be a major driver for the steel sandwich panel market during the forecast period, due to the growing demand for a strong industrial sector in emerging regions. The commercial segment is expected to lead the market during the forecast period, due to the increasing number of commercial construction projects with the requirement of energy-efficient and ecological materials.
Regional Outlook
On the basis of regions, the steel sandwich panel market is divided into North America and Europe. The steel sandwich panel market in North America market is expected to reach an estimation of around USD 1,900.4 million by 2027, due to the presence of major manufacturers in this region and increasing construction activities. The market in Europe accounted for 69.5% of the steel sandwich panel market in 2017 and is expected to grow at a CAGR of 2.4% over the forecast period, rising to a market valuation of around USD 3,997.7 million by 2027. Germany is likely to remain the leading national market within Europe. Demand for steel sandwich panels is mainly driven by governmental regulations regarding reducing greenhouse emissions, need to improve the cost efficiency of the buildings, along with the adoption of regulations regarding energy efficiency.
Key Benefits for Industry Participants & Stakeholders
- In-depth analysis of the North America and Europe steel sandwich panel market
- Historical, current, and projected market size in terms of value (USD million) and volume (tons)
- Potential & niche segments and regions exhibiting promising growth covered
- Industry drivers, restraints, and opportunities covered in the study
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Neutral perspective on North America & Europe Steel Sandwich market performance
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 North America & Europe Steel Sandwich Panel Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 North America & Europe Steel Sandwich Panel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 North America & Europe Steel Sandwich Panel Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the North America & Europe Steel Sandwich Panel Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 North America and North America& Europe Steel Sandwich Panel Market Size & Forecast, 2017-2027
4.5.1 North America & Europe Steel Sandwich Panel Market Size and Y-o-Y Growth
4.5.2 North America & Europe Steel Sandwich Panel Market Absolute $ Opportunity
4.6 Pricing Analysis & Forecast, By Core Materials, 2017-2027
Chapter 5 North America and North America& Europe Steel Sandwich Panel Market Analysis and Forecast By Core Materials
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Core Materials
5.1.2 Basis Point Share (BPS) Analysis By Core Materials
5.1.3 Absolute $ Opportunity Assessment By Core Materials
5.2 North America & Europe Steel Sandwich Panel Market Size Forecast By Core Materials
5.2.1 Polyurethane (PUR)
5.2.2 Polyisocyanurate (PIR)
5.2.3 Expanded Polystyrene (EPS)
5.2.4 Mineral Wool
5.2.5 Others
5.3 Market Attractiveness Analysis By Core Materials
Chapter 6 North America and North America& Europe Steel Sandwich Panel Market Analysis and Forecast By Properties
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Properties
6.1.2 Basis Point Share (BPS) Analysis By Properties
6.1.3 Absolute $ Opportunity Assessment By Properties
6.2 North America & Europe Steel Sandwich Panel Market Size Forecast By Properties
6.2.1 Acoustic Performance
6.2.2 Fire Resistance
6.2.3 Thermal Insulation
6.3 Market Attractiveness Analysis By Properties
Chapter 7 North America and North America& Europe Steel Sandwich Panel Market Analysis and Forecast By Applications
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities By Applications
7.1.2 Basis Point Share (BPS) Analysis By Applications
7.1.3 Absolute $ Opportunity Assessment By Applications
7.2 North America &Europe Steel Sandwich Panel Market Size Forecast By Applications
7.2.1 Building Roof
7.2.2 Building Wall
7.2.3 Cold Storage
7.2.4 Others
7.3 Market Attractiveness Analysis By Applications
Chapter 8 North America and North America& Europe Steel Sandwich Panel Market Analysis and Forecast By End-Use Industries
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities By End-Use Industries
8.1.2 Basis Point Share (BPS) Analysis By End-Use Industries
8.1.3 Absolute $ Opportunity Assessment By End-Use Industries
8.2 North America & Europe Steel Sandwich Panel Market Size Forecast By End-Use Industries
8.2.1 Commercial
8.2.2 Residential
8.2.3 Industrial
8.2.4 Institutional and Infrastructure
8.3 Market Attractiveness Analysis By End-Use Industries
Chapter 9 North America and North America& Europe Steel Sandwich Panel Market Analysis and Forecast by Region
9.1 Introduction
9.1.1 Key Market Trends & Growth Opportunities by Region
9.1.2 Basis Point Share (BPS) Analysis by Region
9.1.3 Absolute $ Opportunity Assessment by Region
9.2 North America & Europe Steel Sandwich Panel Market Size Forecast by Region
9.2.1 North America
9.2.2 Europe
9.3 Market Attractiveness Analysis by Region
Chapter 10 Coronavirus Disease (COVID-19) Impact
10.1 Introduction
10.2 Current & Future Impact Analysis
10.3 Economic Impact Analysis
10.4 Government Policies
10.5 Investment Scenario
Chapter 11 North America North America & Europe Steel Sandwich Panel Analysis and Forecast
11.1 Introduction
11.2 North America North America & Europe Steel Sandwich Panel Market Size Forecast by Country
11.2.1 U.S.
11.2.2 Canada
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 North America North America & Europe Steel Sandwich Panel Market Size Forecast By Core Materials
11.6.1 Polyurethane (PUR)
11.6.2 Polyisocyanurate (PIR)
11.6.3 Expanded Polystyrene (EPS)
11.6.4 Mineral Wool
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis By Core Materials
11.8 Absolute $ Opportunity Assessment By Core Materials
11.9 Market Attractiveness Analysis By Core Materials
11.10 North America North America & Europe Steel Sandwich Panel Market Size Forecast By Properties
11.10.1 Acoustic Performance
11.10.2 Fire Resistance
11.10.3 Thermal Insulation
11.11 Basis Point Share (BPS) Analysis By Properties
11.12 Absolute $ Opportunity Assessment By Properties
11.13 Market Attractiveness Analysis By Properties
11.14 North America North America & Europe Steel Sandwich Panel Market Size Forecast By Applications
11.14.1 Building Roof
11.14.2 Building Wall
11.14.3 Cold Storage
11.14.4 Others
11.15 Basis Point Share (BPS) Analysis By Applications
11.16 Absolute $ Opportunity Assessment By Applications
11.17 Market Attractiveness Analysis By Applications
11.18 North America North America & Europe Steel Sandwich Panel Market Size Forecast By End-Use Industries
11.18.1 Commercial
11.18.2 Residential
11.18.3 Industrial
11.18.4 Institutional and Infrastructure
11.19 Basis Point Share (BPS) Analysis By End-Use Industries
11.20 Absolute $ Opportunity Assessment By End-Use Industries
11.21 Market Attractiveness Analysis By End-Use Industries
Chapter 12 North America& Europe Steel Sandwich Panel Analysis and Forecast
12.1 Introduction
12.2 North America& Europe Steel Sandwich Panel Market Size Forecast by Country
12.2.1 Germany
12.2.2 France
12.2.3 Italy
12.2.4 U.K.
12.2.5 Spain
12.2.6 Russia
12.2.7 Rest of Europe
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 North America& Europe Steel Sandwich Panel Market Size Forecast By Core Materials
12.6.1 Polyurethane (PUR)
12.6.2 Polyisocyanurate (PIR)
12.6.3 Expanded Polystyrene (EPS)
12.6.4 Mineral Wool
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis By Core Materials
12.8 Absolute $ Opportunity Assessment By Core Materials
12.9 Market Attractiveness Analysis By Core Materials
12.10 North America& Europe Steel Sandwich Panel Market Size Forecast By Properties
12.10.1 Acoustic Performance
12.10.2 Fire Resistance
12.10.3 Thermal Insulation
12.11 Basis Point Share (BPS) Analysis By Properties
12.12 Absolute $ Opportunity Assessment By Properties
12.13 Market Attractiveness Analysis By Properties
12.14 North America& Europe Steel Sandwich Panel Market Size Forecast By Applications
12.14.1 Building Roof
12.14.2 Building Wall
12.14.3 Cold Storage
12.14.4 Others
12.15 Basis Point Share (BPS) Analysis By Applications
12.16 Absolute $ Opportunity Assessment By Applications
12.17 Market Attractiveness Analysis By Applications
12.18 North America& Europe Steel Sandwich Panel Market Size Forecast By End-Use Industries
12.18.1 Commercial
12.18.2 Residential
12.18.3 Industrial
12.18.4 Institutional and Infrastructure
12.19 Basis Point Share (BPS) Analysis By End-Use Industries
12.20 Absolute $ Opportunity Assessment By End-Use Industries
12.21 Market Attractiveness Analysis By End-Use Industries
Chapter 13 Competition Landscape
13.1 North America & Europe Steel Sandwich Panel Market: Competitive Dashboard
13.2 North America and North America& Europe Steel Sandwich Panel Market: Market Share Analysis, 2019
13.3 Company Profiles (Details - Overview, Financials, Developments, Strategy)
13.3.1 Alubel S.p.A.
13.3.2 ArcelorMittal
13.3.3 Areco
13.3.4 Balex-Metal
13.3.5 Cornerstone Building Brands
13.3.6 FALK
13.3.7 Fischer Profil GmbH
13.3.8 Kingspan Group
13.3.9 Structural Panels Inc.
13.3.10 Tata Steel
By Core Materials
- Polyurethane
- Polyisocyanurate
- Mineral Wool
- Expanded Polystyrene
- Others
- Acoustic Performance
- Fire Resistance
- Thermal Insulation
- Building Roof
- Building Wall
- Cold Storage
- Others
- Residential
- Commercial
- Industrial
- Institutional and Infrastructure
- North America
- US
- Canada
- Europe
- Germany
- France
- Italy
- U.K.
- Spain
- Russia
- Rest of the Europe
- Alubel S.p.A.
- ArcelorMittal
- Areco
- Balex-Metal
- Cornerstone Building Brands
- FALK
- Fischer Profil GmbH
- Kingspan Group
- Structural Panels Inc.
- Tata Steel
- Prominent manufacturers operating in the steel sandwich panel market include Alubel S.p.A., ArcelorMittal, Areco, Balex-Metal, Cornerstone Building Brands, FALK, Fischer Profil GmbH, Kingspan Group, Structural Panels Inc., and Tata Steel.
- These companies are considered as key manufacturers of sulfonated asphalt based on their revenue, research & development (R&D) activities, regional presence, and supply chain management system.
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FAQ Section
Some frequently asked quetions about this report!
Additional company profiles can be provided on request.
Yes, the report provides supply chain analysis along with a list of raw material suppliers, manufacturers, distributors, and customers.
According to the Growth Market Reports, the market for steel sandwich panels is likely to register a CAGR of 2.8% during forecast period 2020-2027, with an anticipated valuation of USD XX million by the end of 2027.
In addition to market size (in USD Million), company market share (in % for base year 2019), other data such as macro-economic factors and COVID-19 impact on the value chain are available in the final report.
The applications in the North America and Europe steel sandwich panel market includes building roof, building wall, cold storage, and others.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
Demand for steel sandwich panels is expected to continue to increase over the forecast period, taking into account rapid growth in construction activities, awareness about the benefits associated with steel sandwich panels, and rising government support.
The market is expected to decrease around XX% between 2019 and 2020, owing to the negative impact of COVID-19 pandemic on the steel sandwich panel market.
The base year considered for the North America and Europe steel sandwich panel market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
Major Manufactures are Alubel S.p.A., ArcelorMittal, Areco, Balex-Metal, and Cornerstone Building Brands.
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