Steel Sandwich Panels Market is predicted to reach USD 4.74 billion at a CAGR of 8.90% during the forecast period

Pune, India, September 2023/MRFR Press Release/- Market Research Future published a half-cooked research report on global steel sandwich panels market. The global steel sandwich panels market is expected to grow with a CAGR of around 8.90% during 2023 - 2032.

Market Research Future (MRFR) has published a cooked research report on the “Global Steel Sandwich Panels Market” that contains information from 2018 to 2032. The Steel Sandwich Panels market is estimated to register a CAGR of 8.90% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Steel Sandwich Panels market— DANA Group of Companies (UAE), INVESPANEL SL (Spain), Kingspan Group (Ireland), Building Component Solutions LLC (Saudi Arabia), Nucor Corporation (U.S.), Assan Panel A.S. (Turkey), HoeschSiegerlandwerke GmbH (Germany), ArcelorMittal S.A. (U.S.), MANNI Group (Italy), ZhongJie Group (China), Romakowski GmbH & Co. KG (Germany), Tata Steel Limited (India), NCI Building Systems Inc. (U.S.), Multicolor Steels India Pvt Ltd. (India), and Sintex (India).

Market Highlights

The global Steel Sandwich Panels market is accounted to register a CAGR of 8.90% during the forecast period and is estimated to reach USD 4.74 billion by 2032.

The steel sandwich panels market involves the fabrication and supply of construction panels comprising an insulating core material (e.g., foam, mineral wool) sandwiched between two layers of steel sheets. These panels offer thermal insulation, structural strength, and quick installation, making them popular for walls, roofs, and facades in commercial, industrial, and residential buildings. The market's growth is driven by energy efficiency requirements and the demand for efficient building envelope solutions.

Segment Analysis

The global Steel Sandwich Panels market has been segmented based on Type, and Application.

On the basis of Type, the market is segmented into EPS, PU, and PF Panels. The market was driven by the EPS Panels category, which is expected to experience rapid expansion due to the panels' low cost, excellent thermal insulation, long lifespan, airtightness, and low maintenance requirements.

Based on Application, the global Steel Sandwich Panels market has been segmented into Residential, Commercial, Agricultural Farmhouse Buildings, and Cold Storage. The market was driven by the EPS Panels category, which is expected to experience rapid expansion due to the panels' low cost, excellent thermal insulation, long lifespan, airtightness, and low maintenance requirements.

Regional Analysis

The global Steel Sandwich Panels market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Steel Sandwich Panels market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Steel Sandwich Panels market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Steel Sandwich Panels market comprises of Middle East, Africa, and Latin America.

The North American Steel Sandwich Panels Market dominated this market in 2022. The need to improve the cost effectiveness of buildings, along with the adoption of the regulations regarding energy efficiency, will boost the market growth in this region. Government regulations aimed at reducing greenhouse emissions are the main driver of the demand for steel sandwich panels.

Additionally, Due to the existence of significant steel sandwich panel producers in this Region, the market for steel sandwich panels in Europe holds the second-largest market share. Additionally, the UK Steel Sandwich Panels market had the quickest rate of growth in the European Region, while the German Steel Sandwich Panels market had the largest market share.

Moreover, From 2023 to 2032, the Steel Sandwich Panels Market in Asia-Pacific is anticipated to see the quickest CAGR. This is brought on by the expanding infrastructure and building sectors, as well as rising urbanisation and industrialization rates. In addition, the Indian Steel Sandwich Panels market had the quickest rate of growth in the Asia-Pacific region, while China's Steel Sandwich Panels market had the biggest market share.

Key Findings of the Study

• The global Steel Sandwich Panels market is expected to reach USD 4.7388569 billion by 2032, at a CAGR of 8.90% during the forecast period.


• The North American Steel Sandwich Panels Market dominated this market in 2022. The need to improve the cost effectiveness of buildings, along with the adoption of the regulations regarding energy efficiency, will boost the market growth in this region.


• Based on Application, The market was driven by the EPS Panels category, which is expected to experience rapid expansion due to the panels' low cost, excellent thermal insulation, long lifespan, airtightness, and low maintenance requirements.

DANA Group of Companies (UAE), INVESPANEL SL (Spain), Kingspan Group (Ireland), Building Component Solutions LLC (Saudi Arabia), Nucor Corporation (U.S.), Assan Panel A.S. (Turkey), HoeschSiegerlandwerke GmbH (Germany), ArcelorMittal S.A. (U.S.), MANNI Group (Italy), ZhongJie Group (China), Romakowski GmbH & Co. KG (Germany), Tata Steel Limited (India), NCI Building Systems Inc. (U.S.), Multicolor Steels India Pvt Ltd. (India), and Sintex (India).

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