Global PUR and PIR Sandwich Panels Market Size By Material (Chemical and Natural), By Application (Building Wall, Building Roof, and Cold Storages), By Geographic Scope And Forecast

PUR and PIR Sandwich Panels Market Size And Forecast

PUR and PIR Sandwich Panels Market size was valued at USD 675.27 Million in 2020 and is projected to reach USD 1,255.37 Million by 2028, growing at a CAGR of 7.82% from 2021 to 2028.

Sandwich panels help in preserving the food and other related items for a shorter as well as longer period. Thus, the demand for the sandwich panels in cold storage of food and other foodstuff is rising during the forecasted period. The Global PUR and PIR Sandwich Panels Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global PUR and PIR Sandwich Panels Market Definition

A sandwich panel consists of a core/insulating material of low-density sandwiched between two layers of metal, bonded under pressure. Sandwich panels are cost-efficient, lightweight, pre-fabricated elements, and are no less durable than conventional building materials. Corrugated insulated sandwich panels feature a unique sandwich construction with Rockwool or Polyisocyanurate (PIR) as the core material between two rigid metal facings. PUR and PIR share the same insulating characteristics; they both are extremely efficient insulating materials. The difference lies in their behavior towards the fire. PUR has poor fire performance, while PIR can have excellent fire behavior.

The infrastructural development projects due to urbanization and industrialization in developed as well as developing economies are the primary aspect for the growth of this market. The increasing demand among real estate developers and the rise in infrastructural projects due to industrialization and urbanization in developed and developing nations are the major factors responsible for the growth of the global Sandwich Panels Market. In addition to this, benefits such as thermal resistance, acoustic insulation, mechanical properties, fire behavior, and impermeability along with rising cold storage operations across the world are also boosting the growth of this market.

Global PUR and PIR Sandwich Panels Market Overview

Sandwich panels offer various lucrative benefits over other types of panels substitutes. These offer superior quality insulation to the area that is enclosed in the sandwich panel walls. The quality and effective material is used to fill the space between the metal sheets to barrier the unwanted weather conditions outside the enclosed area. Sandwich panels are Ultra-violet radiation-resistant and help in keeping and maintaining the temperatures inside the cold rooms, chillers, freezers, and mobile refrigerating facilities according to the requirement of the products to be stored. Food items are highly perishable, thus; these need to be stored at a temperature specifically below the danger zone. Sandwich panels help in preserving the food and other related items for a shorter as well as longer period. Thus, the demand for the sandwich panels in cold storage of food and other foodstuff is rising during the forecasted period.

Sandwich panels have various potential features that drive the demand from logistics and warehousing, as they offer different benefits to the warehousing areas. In logistics and warehousing, sandwich panels provide architectural freedom such that the developers can adopt modern technology to make the facility more functional and suitable according to the requirements. Sandwich panels are available with a wide range of sizes to choose from; thus, the investors can build warehouses of any size or according to the requirement. These offer a high level of soundproofing facility by hurdling the excessive sound from the surrounding. For any warehouse, protecting the stored items is critical. Sandwich panels offer protection to the enclosed area from fire and other disasters as the insulation are made of non-flammable and flame-retardant materials, such as mineral wool, PUR foam, or polystyrene. Therefore, the growing logistics and warehousing might drive the growth of the global sandwich panels market due to rising applications across logistics and warehousing.

Sandwich panels are mainly made of two components such metal and insulation material. Outer two layers are made of metals such as steel or aluminum. Insulation material is made of chemical or natural materials such as PUR, PIR, Mineral Wool, and EPS. EPS or Expanded Polystyrene is a petroleum-based foam that cannot be bio-degradable which can harm the environment and the natural fauna and flora. According to the EPA and International Agency for Research on Cancer, Expanded Polystyrene (EPS) is possibly a human carcinogen that can have serious impacts upon human health, wildlife, and aquatic environment, and the economy. EPS slowly breakdowns in sunlight while it doesn’t break down or degrade in landfills or shielded from light. Hence, it can remain on the earth’s surface for a longer time being toxic, persistent, and bio-accumulative trash to humans, to wildlife, and marine life. EPS and its degradation always cost taxpayers millions as clean up and mitigation costs. Thus, adverse effects of such materials on humans and the environment including natural flora and fauna might strangle the market growth over the forecasted period.

Global PUR and PIR Sandwich Panels MarketSegmentation Analysis

The Global PUR and PIR Sandwich Panels Marketis segmented on the basis of Material, Application, and Geography.

PUR and PIR Sandwich Panels Market, By Material

• Chemical• Natural

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Based on Material, the market is bifurcated into Chemical and Natural. Chemical material is accounted for the largest market share in 2020 and is projected to grow at the CAGR of 7.01% during the forecast period. Sandwich panels typically include a rigid polyurethane core; however, other core chemical materials include, Expanded polystyrene (EPS), Extruded polystyrene (XPS), Mineral wool (rock fiber) (MWRF), Modified Phenolic foam (MPHEN), Polyisocyanurate (PIR), and Folded metal, paper, aramid and carbon fibers. Chemical materials accounted for a larger share in the global sandwich panels market. This is because chemical materials have been sued to manufacture sandwich panels, conventionally, and that too on a mass scale.

PUR and PIR Sandwich Panels Market, By Application

• Building Wall• Building Roof• Cold Storages

On the basis of Application, the Global PUR and PIR Sandwich Panels Market has been segmented into Building Wall, Building Roof, and Cold Storages. Cold Storages application is accounted for the largest market share and is projected to grow at the highest CAGR of 8.63%during the forecast period. Panels consisting of polyurethane can be used in a variety of different thicknesses, enabling them to fit a number of different requirements. This type of material has many advantages. It is low in weight, so easy for transferring and applying. Its thermal conductivity is among the lowest of materials, which of course helps in preserving the heat. It also has resistance to decomposition, also exposure to varieties of weather conditions/drastic changes in temperature. Cold storage areas are needed by sectors such as food, pharmaceutical, chemistry, health, among others.

PUR and PIR Sandwich Panels Market, By Geography

• North America• Europe• Asia Pacific• Rest of the World

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On the basis of regional analysis, the Global PUR and PIR Sandwich Panels Market is classified into North America, Europe, Asia Pacific, and Rest of the world. North America accounted for the largest market share and is projected to grow at a CAGR of 7.96%during the forecast period. The increasing demand from the building walls in order to provide the enclosure to the building structure to protect the interior from the external environment is driving the growth of the North American market. The growing private and public investments across the residential, industrial and commercial with the integration of technological advancement in construction techniques are responsible for the market to grow at a faster pace across North America. The United States is dominating the North American market owing to the increased boost in the demand for housing.

Key Players

The “Global PUR and PIR Sandwich Panels Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as United Panel-System (M) Sdn. Bhd., Cannon Ergos, Hennecke OMS, BASF, Kindus – K Industrial Company, and Others. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.• Provision of market value (USD Billion) data for each segment and sub-segment.• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled.• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.• Provides insight into the market through Value Chain.• Market dynamics scenario, along with growth opportunities of the market in the years to come.• 6-month post-sales analyst support.

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