In a recent published report, Kenneth Research has updated the market report for Sandwich Panels Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Sandwich Panels Market products.
Sandwich panels are well-proven construction component that are effective solutions for temperature control, insulation as well as they meet the aesthetic requirements. These panels act as pioneer in the developing construction techniques. Such panels are manufactured by joining the layers of the covering metals, with insulating materials and other binding agents. Sandwich panels offer a range of benefits to the buildings including protection against weather conditions, such as acoustic insulation, fire protection, easy and quick installation, and long durability. A key feature of the sandwich panels that promotes market growth is the easy assembly and disassembly of these panels. These panels are suitable for both walls and roofs and thus are preferred over the traditional roof panels and concrete panels.
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The global Sandwich panels market is driven by various factors, such as rising demand for fast & economic construction techniques, and growing construction of commercial buildings & special economic zones (SEZs) in developing countries. However, a fluctuation in the prices of raw materials, might hinder the market growth during the forecast period.The global sandwich panels market is expected to progress at 7.04% CAGR during the forecast period. In 2017, the market was led by Europe, with a 43.3% share, followed by Asia-Pacific with shares of 29.7% and North America with 19.4%.
The sandwich panels market has been segmented on the basis of type, application, and region. By type, the market has been segmented as PUR/PIR sandwich panels, EPS sandwich panels, glass wool, rock wool, and others. PUR/PIR sandwich panels segment held a market share of 35.1% in 2017; it is expected to register 7.18% CAGR during the forecast period. On the basis of application, the market has been segmented as residential buildings, commercial buildings, agricultural buildings, and cold storage. The commercial building segment accounted for a market share of 47.8% in 2017
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Table of Contents:
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 Market Structure
2.4 Key Takeaways
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
3.6 List of Assumptions
4 Market Dynamics
4.1 Overview
4.2 Drivers
4.2.1 Rising Demand for Fast and Economic Construction Techniques
4.2.2 Growing Construction of Commercial Buildings and Special Economic Zones (SEZs) in Developing Countries
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