Sandwich Panel Market Research Report - Forecast to 2023

Sandwich Panel Market Research Report - Forecast to 2023

ID: MRFR/CO/1034-CRR | October, 2018 | Region: Global | 123 pages | Cooked Research Reports

Global Sandwich Panels Market Information: by Type (Glass Wool, Rock Wool), Application (Commercial Buildings, Agricultural Buildings), and Region – Global Forecast Till 2023


Market Synopsis


Sandwich panels are construction materials manufactured by joining the layers of covering metals with insulating materials and binding agents. Its ability to protect against sound, extreme weather conditions, and sudden breakout of fires. Moreover, its durability and rapid installation owing to its simple design make it a viable choice over traditional roof panels.


The global sandwich panels market is predicted to exhibit a 7.04% CAGR from 2018 to 2023 (forecast period) owing to the high demand among real estate developers. Rise in infrastructural projects in developed and developing economies are likely to accelerate the market demand during the forecast period. Furthermore, the construction of special economic zones and commercial buildings owing to rapid industrialization is likely to augment the market size in the coming years.


Report Overview


The report provides an accurate overview of the market complete with statistical graphs to support the forecasted figures. Our analysts make astute predictions regarding the scope of the market and its future prospects. MRFR’s report includes a thorough analysis of the global sandwich panels market segmented according to type, application, and region. Numerous growth strategies undertaken by companies as well as the latest trends driving the market are outlined in the report. The market share of all prominent players and their current position in the market is discussed in minute detail. It analyzes new revenue sources for players and emphasize on the various strategies implemented by players.


Segment Overview


By type, the global market is segmented into glass wool, rock wool, polyurethane (PR)/polyisocyanurate (PIR) sandwich panels, expanded polystyrene (EPS) sandwich panels, and others. Major market applications include residential buildings, commercial buildings, industrial buildings, and cold storage.


The segments covered in the sandwich panels market report are analyzed with respect to four main regions – North America, Europe, Asia Pacific (APAC), and the Rest-of-the-World (RoW), with respective country-level market sizing. The report discusses in detail the various players residing in these regions and their respective strategies to climb up the market ladder.


Competitive Landscape


Notable players in the sandwich panels market include 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), Hoesch Siegerlandwerke GmbH (Germany), ArcelorMittal S.A. (U.S.), MANNI Group (Italy), Zhong Jie 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).


The report offers comprehensive profiles on these market players and assesses their current standing in the market. Company history coupled with annual turnover, profit margins, segmental share, SWOT analysis, growth strategies, expansion techniques, and latest R&D initiatives are discussed in minute detail.


Research Methodology


At MRFR, our research analysts conduct a thorough objective analysis of the market while creating market reports by adhering to a rigorous set of standards which allow a truly comprehensive view of the market. Use of primary research strategies such as interviews with top executives of prominent beverage manufacturing companies. Secondary research entails a thorough analysis of past and present trends in a forward-looking manner.


In addition, market size estimation and validation use both top-down & bottom-up approaches to obtain data from the value and supply chain. The balanced number of buyers and suppliers will result in a negligible demand-supply gap. Credible resources are accessed and verified by analysts to understand the nuances of market factors with consistency. Competent data analysts use strong analytical tools to ascertain accurate analysis of very relevant parameters in an effort to provide clients with a conclusive and dependable view of the future.


Analysis Period



  • Base Year - 2017

  • Projection Period - From 2018 to 2023

  • Market Denomination - USD Million

  • Conversion Rate - Considered as per the respective financial years


Intended Audience



  • Sandwich Panels Manufacturers

  • Suppliers and Distributors

  • Raw Material Suppliers

  • End-use Industries

  • Associations and Government Agencies


For the scope of research, the report offers a comprehensive analysis of the global sandwich panels market.


Type



  • PUR/PIR Sandwich Panels

  • EPS Sandwich Panels

  • Glass Wool

  • Rock Wool

  • Others


Application



  • Residential Buildings

  • Commercial Buildings

  • Agricultural Buildings

  • Cold Storage


Region



  • North America

    • The U.S.

    • Canada





  • Europe

    • Germany

    • France

    • U.K.

    • Rest of Europe





  • Asia Pacific

    • China

    • India

    • Australia

    • Rest of Asia Pacific





  • Rest-of-the-World

    • Latin America

    • The Middle East & Africa



Global Sandwich Panels Market – Summary


With construction sector witnessing unprecedented growth across the world, sandwich panels are fast becoming a much-desired construction material. Sandwich panels are perfect for temperature control and insulation and also complies with aesthetic requirements of developers. It further provides an easy and quick installation service. Sandwich panels protect buildings from weather conditions and fire, and long durability gives sandwich panels an edge to withstand the evolving market. The global sandwich panels market can expect a healthy 7.04% CAGR during the forecast period (2018-2023) and touch a market valuation of USD 1,956.5 million, reveals Market Research Future (MRFR) in an extensively studied report.


The construction sector is evolving at an enviable pace as high demand for infrastructure and buildings in the developing countries are pushing the sector ahead. Sandwich panels have created a niche for itself by exhibiting superior properties such as insulation and ability to withstand rough climate. Furthermore, it’s weight and cost work in favor of the construction sector and has made the segment popular with the energy sector, commercial buildings and cold storage. This can bring in high demand for the sandwich panels market over the forecast period.


Commercial buildings and special economic zones (SEZs) in developing countries are receiving much accolades from governments and investors. However, energy efficiency has become a thing to go for now as rising eco-awareness has spurred the need for green buildings. Sandwich panels are a perfect solution for that, hence, its inflating market demand.


On the flip side, what it lacks is the steady price of its raw materials. Aluminum and stainless steel have extensive use in the production of sandwich panels, but their prices in global market fluctuate quite rapidly making the sector vulnerable. This could prove pivotal in dampening the expected market growth during the forecast period.


Segmentation Analysis:


By type, the sandwich panels market includes polyurethane (PUR) and polyisocyanurate (PIR) sandwich panels, expanded polystyrene (EPS), glass wool, rock wool, and others. PUR and PIR sandwich panels accounted for 35.1% of the global share. Its market valuation could easily scale USD 717.5 million by 2023 with the fastest CAGR of 7.81% during the forecast period. EPS would follow the lead with a projected valuation of USD 627.7 million by 2023 and 7.29% CAGR during the review period.


By application, the sandwich panels market comprises buildings such as residential, commercial, agricultural and cold storage. Commercial buildings account for 47.8% of the total market share. The predicted market value of commercial buildings can escalate to USD 940 million by 2023 with a CAGR of 7.12% over the review period. However, cold storage segment would register the fastest market growth of 7.54% during the assessment period.


Regional Analysis:


Region-specific sandwich panels market includes namely four regions Asia Pacific (APAC), North America, Europe, and Rest-of-the-World (RoW).


Europe, with 43.3% of the global market share is dominating the sandwich panels market. Its market value could easily touch a valuation of USD 851.4 million by 2023 with a healthy CAGR of 7.13% during the forecast period. Germany is spearheading the regional market with predicted market valuation of USD 491.3 million and a healthy CAGR of 7.13% during the same period.


Emerging economies in the APAC is providing enough prodding to the sector to make it the fastest growing region in the world. Its expected sandwich panels market value could scale valuation of USD 596.1 million by 2023 with the fastest CAGR of 7.49% during the forecast period. China can have the largest market share with USD 276.4 million valuation, whereas, India can expect the fastest CAGR of 8.64% during the forecast period.


North America can have a substantial market valuation of USD 370.8 million by 2023, with the U.S. playing a pivotal role in it with an expected USD 315.5 million valuation to support the regional growth.


Market Insight:


The intense competition of the sandwich panels market can be attributed to strategies employed by different companies to cement their market position. For instance, Kingspan has allied with Jindal Megtec to expand their base to the Indian subcontinent. NCI building system merged recently with Ply Gem Parent, LLC to better the portfolio they wish to offer to their clients.


Market giants impacting the sandwich panels market are 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), Hoesch Siegerlandwerke GmbH (Germany), ArcelorMittal S.A. (U.S.), MANNI Group (Italy), Zhong Jie Group (China), Romakowski GmbH & Co. KG (Germany), Tata Steel Limited (India), NCI Building Systems Inc. (U.S.), Multicolor Steels India Pvt Ltd. (India), Sintex (India), and others.

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TABLE OF CONTENTS

2.1 Definition 17

2.2 Scope of the Study 17

2.3 Market Structure 17

2.4 Key Takeaways 18

3.1 Research Process 20

3.2 Primary Research 21

3.3 Secondary Research 22

3.4 Market Size Estimation 22

3.5 Forecast Model 23

3.6 List of Assumptions 24

4.1 Overview 26

4.2 Drivers 27

4.2.1 Rising Demand for Fast and Economic Construction Techniques 27

4.2.2 Growing Construction of Commercial Buildings and Special Economic Zones (SEZs) in Developing Countries 27

4.2.3 Driver Impact Analysis 28

4.3 Restraint 28

4.3.1 Fluctuating Costs of Raw Materials 28

4.3.2 Restraint Impact Analysis 30

4.4 Opportunity 30

4.4.1 Increasing Awareness for Energy Efficient Infrastructure 30

5.1 Supply Chain Analysis 32

5.1.1 Procurement of Components 32

5.1.2 Assembly and Manufacturing 32

5.1.3 Finished Product 32

5.1.4 Distribution to End-Users 32

5.2 Porter’s Five Forces Model 33

5.3 Threat of New Entrants 34

5.3.1 Bargaining Power of Buyers 34

5.3.2 Bargaining Power of Suppliers 34

5.3.3 Threat of Substitutes 34

5.3.4 Intensity of Rivalry 34

6.1 Overview 36

6.1.1 PUR/PIR sandwich panels 36

6.1.2 EPS Sandwich panels 36

6.1.3 Glass Wool 37

6.1.4 Rock Wool 37

6.1.5 Others 37

7.1 Overview 40

7.1.1 Residential buildings 40

7.1.2 Commercial Buildings 40

7.1.3 Agricultural Buildings 41

7.1.4 Cold Storage 41

8.1 Overview 44

8.2 North America 46

8.2.1 U.S. 49

8.2.2 Canada 51

8.3 Europe 53

8.3.1 Germany 57

8.3.2 U.K. 59

8.3.3 France 61

8.3.4 Rest of Europe 63

8.4 Asia-Pacific 65

8.4.1 China 69

8.4.2 India 71

8.4.3 Australia 73

8.4.4 Japan 75

8.4.5 South Korea 77

8.4.6 Rest of Asia-Pacific 79

8.5 Rest of the World 81

8.5.1 Middle East & Africa 84

8.5.2 Latin America 86

9.1 Competitive Landscape 89

9.1.1 Growth Strategies Adopted by the key players 89

9.1.2 Market Share of the Major Competitors 90

10.1 Kingspan Group 92

10.1.1 Company Overview 92

10.1.2 Financial Overview 92

10.1.3 Product Offered 93

10.1.4 Key Developments 93

10.1.5 SWOT Analysis 93

10.1.6 Key Strategy 94

10.2 MANNI GROUP 95

10.2.1 Company Overview 95

10.2.2 Financial Overview 95

10.2.3 Products Offered 96

10.2.4 Key Developments 96

10.2.5 SWOT Analysis 97

10.2.6 Key Strategy 97

10.3 Assan Panel A.Ş. 98

10.3.1 Company Overview 98

10.3.2 Financial Overview 98

10.3.3 Products Offered 98

10.3.4 Key Developments 99

10.3.5 SWOT Analysis 99

10.3.6 Key Strategy 99

10.4 NCI Building Systems Inc. 100

10.4.1 Company Overview 100

10.4.2 Financial Overview 100

10.4.3 Products Offered (METL SPAN) 101

10.4.4 Products Offered (CENTRIA) 102

10.4.5 Key Developments 102

10.4.6 SWOT Analysis 103

10.4.7 Key Strategy 103

10.5 Tata Steel Limited 104

10.5.1 Company Overview 104

10.5.2 Financial Overview 104

10.5.3 Products Offered 105

10.5.4 Key Developments 105

10.5.5 SWOT Analysis 106

10.5.6 Key Strategy 106

10.6 ArcelorMittal S.A. 107

10.6.1 Company Overview 107

10.6.2 Financial Overview 107

10.6.3 Products Offered 108

10.6.4 Key Developments 108

10.6.5 SWOT Analysis 108

10.6.6 Key Strategy 109

10.7 Nucor Corporation 110

10.7.1 Company Overview 110

10.7.2 Financial Overview 110

10.7.3 Products Offered 111

10.7.4 Key Developments 111

10.7.5 SWOT Analysis 111

10.7.6 Key Strategy 112

10.8 Romakowski GmbH & Co. KG 113

10.8.1 Company Overview 113

10.8.2 Financial Overview 113

10.8.3 Products Offered 113

10.8.4 Key Developments 113

10.8.5 SWOT Analysis 113

10.8.6 Key Strategy 114

10.9 Zhong Jie Group 115

10.9.1 Company Overview 115

10.9.2 Financial Overview 115

10.9.3 Products Offered 115

10.9.4 Key Developments 115

10.9.5 SWOT Analysis 115

10.9.6 Key Strategy 116

10.10 Building Component Solutions LLC 117

10.10.1 Company Overview 117

10.10.2 Financial Overview 117

10.10.3 Products Offered 117

10.10.4 Key Developments 117

10.10.5 SWOT Analysis 117

10.10.6 Key Strategy 117

10.11 Sintex 118

10.11.1 Company Overview 118

10.11.2 Financial Overview 118

10.11.3 Products Offered 118

10.11.4 Key Developments 119

10.11.5 SWOT Analysis 119

10.11.6 Key Strategy 119

10.12 DANA Group of Companies 120

10.12.1 Company Overview 120

10.12.2 Financial Overview 120

10.12.3 Products Offered 120

10.12.4 Key Developments 121

10.12.5 SWOT Analysis 121

10.12.6 Key Strategy 121

10.13 INVESPANEL SL 122

10.13.1 Company Overview 122

10.13.2 Financial Overview 122

10.13.3 Products Offered 122

10.13.4 Key Developments 123

10.13.5 SWOT Analysis 123

10.13.6 Key Strategy 123

10.14 Multicolor Steels India Pvt Ltd 124

10.14.1 Company Overview 124

10.14.2 Financial Overview 124

10.14.3 Products Offered 124

10.14.4 Key Developments 124

10.14.5 SWOT Analysis 124

10.14.6 Key Strategy 125

10.15 Hoesch Siegerlandwerke GmbH 126

10.15.1 Company Overview 126

10.15.2 Financial Overview 126

10.15.3 Products Offered 126

10.15.4 Key Developments 127

10.15.5 SWOT Analysis 127

10.15.6 Key Strategy 127


TABLE 1 MARKET SYNOPSIS 15

TABLE 2 LIST OF ASSUMPTIONS 24

TABLE 3 GLOBAL SANDWICH PANELS MARKET, BY TYPE, 2012-2023 (USD MILLION) 38

TABLE 4 GLOBAL SANDWICH PANELS MARKET, BY APPLICATION, 2012-2023 (USD MILLION) 42

TABLE 5 GLOBAL SANDWICH PANELS MARKET, BY REGION, 2012-2023 (USD MILLION) 45

TABLE 6 NORTH AMERICA SANDWICH PANELS MARKET, BY COUNTRY, 2012-2023 (USD MILLION) 46

TABLE 7 NORTH AMERICA: SANDWICH PANELS MARKET, BY TYPE, 2012-2023 (USD MILLION) 47

TABLE 8 NORTH AMERICA: SANDWICH PANELS MARKET, BY APPLICATION, 2012-2023 (USD MILLION) 48

TABLE 9 U.S.: SANDWICH PANELS MARKET, BY TYPE, 2012-2023 (USD MILLION) 49

TABLE 10 U.S.: SANDWICH PANELS MARKET, BY APPLICATION, 2012-2023 (USD MILLION) 50

TABLE 11 CANADA: SANDWICH PANELS MARKET, BY TYPE, 2012-2023 (USD MILLION) 51

TABLE 12 CANADA: SANDWICH PANELS MARKET, BY APPLICATION, 2012-2023 (USD MILLION) 52

TABLE 13 EUROPE SANDWICH PANELS MARKET, BY COUNTRY, 2012-2023 (USD MILLION) 54

TABLE 14 EUROPE: SANDWICH PANELS MARKET, BY TYPE, 2012-2023 (USD MILLION) 55

TABLE 15 EUROPE: SANDWICH PANELS MARKET, BY APPLICATION, 2012-2023 (USD MILLION) 56

TABLE 16 GERMANY: SANDWICH PANELS MARKET, BY TYPE, 2012-2023 (USD MILLION) 57

TABLE 17 GERMANY: SANDWICH PANELS MARKET, BY APPLICATION, 2012-2023 (USD MILLION) 58

TABLE 18 U.K.: SANDWICH PANELS MARKET, BY TYPE, 2012-2023 (USD MILLION) 59

TABLE 19 U.K.: SANDWICH PANELS MARKET, BY APPLICATION, 2012-2023 (USD MILLION) 60

TABLE 20 FRANCE: SANDWICH PANELS MARKET, BY TYPE, 2012-2023 (USD MILLION) 61

TABLE 21 FRANCE: SANDWICH PANELS MARKET, BY APPLICATION, 2012-2023 (USD MILLION) 62

TABLE 22 REST OF EUROPE: SANDWICH PANELS MARKET, BY TYPE, 2012-2023 (USD MILLION) 63

TABLE 23 REST OF EUROPE: SANDWICH PANELS MARKET, BY APPLICATION, 2012-2023 (USD MILLION) 64

TABLE 24 ASIA-PACIFIC SANDWICH PANELS MARKET, BY COUNTRY, 2012-2023 (USD MILLION) 66

TABLE 25 ASIA-PACIFIC: SANDWICH PANELS MARKET, BY TYPE, 2012-2023 (USD MILLION) 67

TABLE 26 ASIA-PACIFIC: SANDWICH PANELS MARKET, BY APPLICATION, 2012-2023 (USD MILLION) 68

TABLE 27 CHINA: SANDWICH PANELS MARKET, BY TYPE, 2012-2023 (USD MILLION) 69

TABLE 28 CHINA: SANDWICH PANELS MARKET, BY APPLICATION, 2012-2023 (USD MILLION) 70

TABLE 29 INDIA: SANDWICH PANELS MARKET, BY TYPE, 2012-2023 (USD MILLION) 71

TABLE 30 INDIA: SANDWICH PANELS MARKET, BY APPLICATION, 2012-2023 (USD MILLION) 72

TABLE 31 AUSTRALIA: SANDWICH PANELS MARKET, BY TYPE, 2012-2023 (USD MILLION) 73

TABLE 32 AUSTRALIA: SANDWICH PANELS MARKET, BY APPLICATION, 2012-2023 (USD MILLION) 74

TABLE 33 JAPAN: SANDWICH PANELS MARKET, BY TYPE, 2012-2023 (USD MILLION) 75

TABLE 34 JAPAN: SANDWICH PANELS MARKET, BY APPLICATION, 2012-2023 (USD MILLION) 76

TABLE 35 SOUTH KOREA: SANDWICH PANELS MARKET, BY TYPE, 2012-2023 (USD MILLION) 77

TABLE 36 SOUTH KOREA: SANDWICH PANELS MARKET, BY APPLICATION, 2012-2023 (USD MILLION) 78

TABLE 37 REST OF ASIA-PACIFIC: SANDWICH PANELS MARKET, BY TYPE, 2012-2023 (USD MILLION) 79

TABLE 38 REST OF ASIA-PACIFIC: SANDWICH PANELS MARKET, BY APPLICATION, 2012-2023 (USD MILLION) 80

TABLE 39 REST OF THE WORLD SANDWICH PANELS MARKET, BY COUNTRY, 2012-2023 (USD MILLION) 81

TABLE 40 REST OF THE WORLD: SANDWICH PANELS MARKET, BY TYPE, 2012-2023 (USD MILLION) 82

TABLE 41 REST OF THE WORLD: SANDWICH PANELS MARKET, BY APPLICATION, 2012-2023 (USD MILLION) 83

TABLE 42 MIDDLE EAST & AFRICA: SANDWICH PANELS MARKET, BY TYPE, 2012-2023 (USD MILLION) 84

TABLE 43 MIDDLE EAST & AFRICA: SANDWICH PANELS MARKET, BY APPLICATION, 2012-2023 (USD MILLION) 85

TABLE 44 LATIN AMERICA: SANDWICH PANELS MARKET, BY TYPE, 2012-2023 (USD MILLION) 86

TABLE 45 LATIN AMERICA: SANDWICH PANELS MARKET, BY APPLICATION, 2012-2023 (USD MILLION) 87


FIGURE 1 GLOBAL SANDWICH PANELS MARKET: MARKET STRUCTURE 17

FIGURE 2 KEY TAKEAWAYS FROM SANDWICH PANELS MARKET 18

FIGURE 3 RESEARCH PROCESS OF MRFR 20

FIGURE 4 TOP DOWN & BOTTOM UP APPROACH 23

FIGURE 5 DRO ANALYSIS: GLOBAL SANDWICH PANELS MARKET 26

FIGURE 6 DRIVERS IMPACT ANALYSIS: GLOBAL SANDWICH PANELS MARKET 28

FIGURE 7 GLOBAL HISTORIC AND FORECAST STEEL PRICES, 2010-2019 (USD/TONNE) 29

FIGURE 8 GLOBAL HISTORIC ALUMINIUM PRICES, 2010-2017 (USD/TONNE) 29

FIGURE 9 RESTRAINT IMPACT ANALYSIS: GLOBAL SANDWICH PANELS MARKET 30

FIGURE 10 SUPPLY CHAIN ANALYSIS 32

FIGURE 11 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL SANDWICH PANELS MARKET 33

FIGURE 12 GLOBAL SANDWICH PANELS MARKET, BY TYPE, 2017 (% SHARE) 37

FIGURE 13 GLOBAL SANDWICH PANELS MARKET, BY APPLICATION, 2017 (% SHARE) 41

FIGURE 14 GLOBAL SANDWICH PANELS MARKET, BY REGION, 2017 (% SHARE) 44

FIGURE 15 NORTH AMERICA SANDWICH PANELS MARKET, BY COUNTRY, 2017 (% SHARE) 46

FIGURE 16 EUROPE SANDWICH PANELS MARKET, BY COUNTRY, 2017 (% SHARE) 53

FIGURE 17 ASIA-PACIFIC SANDWICH PANELS MARKET, BY COUNTRY, 2017 (% SHARE) 65

FIGURE 18 REST OF THE WORLD SANDWICH PANELS MARKET, BY COUNTRY, 2017 (% SHARE) 81

FIGURE 19 GROWTH STRATEGIES ADOPTED BY KEY PLAYERS IN GLOBAL SANDWICH PANELS MARKET, 2014-2017, (%) 89

FIGURE 20 MERGERS & ACQUISITIONS: % SHARE BY KEY PLAYERS, 2014-2017, (%) 89

FIGURE 21 MARKET SHARE OF MAJOR COMPETITORS 90



 Report Infographic image

Global Sandwich Panels Market- Competitive Landscape


Market Research Future includes following key players for global sandwich panels market research study: Kingspan Group, Manni Group, Assan Panel A.Ş., NCI Building Systems Inc, Tata Steel Limited, ArcelorMittal S.A., Nucor Corporation, Romakowski GmbH & Co. KG, Zhong Jie Group, Building Component Solutions LLC, Sintex, DANA Group of Companies, Invespanel SL, Multicolor Steels India Pvt Ltd and Hoesch Siegerlandwerke GmbH.


The market share analysis is derived by considering various factors such as financial position, segmental R&D investment, product innovations, corporate strength, product portfolio, strategy analysis, and, key innovations in the market among other factors. The major players holding prominent position in the Market are Kingspan Group, Manni Group, NCI Building Systems Inc, Tata Steel Limited and Nucor Corporation among others.


According to MRFR analysis, Kingspan Group is currently leading the global industrial automation market with 33.9% market share. Kingspan is a leading sandwich panel provider with its network spread in over 120 countries. The sandwich panels from the company allow the users to easily install and maintain the equipment. The company as a key strategy is focusing on mergers and acquisitions to develop its product base and expand its services to more locations. 


Tata Steel Limited is the second largest company offering sandwich panels with 16% of the total market share. The company is part of the Tata group, which can support the company both financially and managerially. The Tata group has its presence in over 50 countries across 5 continents. The company is the tenth largest producer of steel globally. The company in order to obtain a larger market share is focused on acquiring new assets.


NCI Building System Inc. holds the third largest market share of the market with 12.9%. The company is focused on non-residential buildings. And has its production units in United States, Mexico, Canada, and China. The company offers a wide range of products for sandwich panels including fire resistant and sound proof. The company also has its sales offices in United States, Asia, Canada, and Europe.


Manni Group holds the fourth largest market share with 7.4% of the global market. The company is in the business of production, processing and marketing of high-tech products. The company has 21 production units spread globally and works along with 14 companies to deliver its products. The company offers a range of diversified products. The company is constantly seeking opportunities to expand its services through mergers and acquisitions.


Nucor Corporation holds 3.1% of the global market share. The company offers a wide portfolio of products. The company has its presence in over 50 countries. Additionally, the company also utilises recycled products for manufacturing. The company has heavily invested in processes to expand its company through acquisition.