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

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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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? They're not just another building material; they're a smart choice, offering serious advantages! Think awesome insulation, keeping things comfortable inside. The secret? It's all in the high-quality stuff sandwiched between those metal sheets, acting like a shield against nasty weather. Plus, they're UV-resistant! This is especially crucial for things like cold rooms, chillers, and freezers, where you need to maintain super-precise temperatures for your stuff. And speaking of stuff, especially food...you know how quickly it can spoil. Sandwich panels help keep it fresh, whether you need short-term or long-term storage. That's why you're seeing more and more demand for them in food storage and related industries.

Sandwich panels are pretty amazing, offering a bunch of cool features that are making them super popular in logistics and warehousing. They bring tons of benefits to those warehousing areas! Think about itin logistics and warehousing, sandwich panels give developers a lot of architectural freedom, letting them use all sorts of modern tech to create facilities that are both functional and perfectly suited to their needs. Plus, you can get them in a wide range of sizes, so investors can build warehouses of any size they need. Need peace and quiet? They offer a high level of soundproofing, blocking out all that annoying noise from outside. And let's not forget protection! Protecting stored items is critical, and sandwich panels do a great job of shielding the inside from fire and other disasters because their insulation is made of non-flammable and flame-retardant stuff like mineral wool, PUR foam, or polystyrene. So, with the logistics and warehousing sector growing like crazy, it's easy to see why the global sandwich panels market is booming! Their increasing applications in this industry are really driving that growth.

Sandwich panels? They're basically like fancy sandwiches, mainly made with two thingsmetal and something to keep the temperature right, like insulation. Think of the outer layers as the "bread," usually metal like steel or aluminum. And the "filling" is the insulation, which can be made of things like PUR, PIR, Mineral Wool, or even EPS. Now, about EPS, or Expanded Polystyrene... it's a petroleum-based foam that's unfortunately not bio-degradable. That's bad news for the environment, plants, and animals. The EPA and the International Agency for Research on Cancer even say EPS is possibly a human carcinogen, which could seriously impact our health, the environment, and even the economy. The real bummer is that EPS breaks down slowly in sunlight, but it basically sticks around forever in landfills. So, it just hangs out, being toxic, persistent, and building up in our bodies and in wildlife. All this EPS mess costs taxpayers millions in clean-up efforts. So, because of all these nasty side effects on people and the environment, things like plants and animals, it might actually slow down the growth of the sandwich panel market.

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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So, when it comes to the stuff sandwich panels are made of, the market's basically split into two campsChemical and Natural. Back in 2020, the chemical stuff was the big winner, and it's expected to keep growing at a rate of about 7.01% each year. You often find a tough polyurethane core in these panels, but there are other chemical options too, like Expanded polystyrene (EPS), Extruded polystyrene (XPS), Mineral wool (rock fiber) (MWRF), Modified Phenolic foam (MPHEN), Polyisocyanurate (PIR), and even Folded metal, paper, aramid and carbon fibers. Chemical materials grab the larger slice of the sandwich panel market pie because they've been the go-to choice for making these panels for ages, and on a pretty massive scale!

PUR and PIR Sandwich Panels Market, By Application

• Building Wall• Building Roof• Cold Storages

When it comes to how they're used, the market for PUR and PIR sandwich panels is divided into Building Walls, Building Roofs, and Cold Storages. Right now, Cold Storages make up the biggest piece of the pie, and they're expected to grow the fastest, with a predicted annual growth rate of 8.63%. Polyurethane panels come in all sorts of thicknesses, so they're super versatile. They're also lightweight (making them easy to handle), have awesome insulation properties because of their low thermal conductivity, and can stand up to all kinds of weather and temperature changes without breaking down. And hey, lots of industries like food, pharmaceuticals, chemicals, and healthcare rely on cold storage!

PUR and PIR Sandwich Panels Market, By Geography

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

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Looking at the Global PUR and PIR Sandwich Panels Market, we've broken it down by regionNorth America, Europe, Asia Pacific, and everywhere else. Right now, North America is leading the pack and is expected to keep growing strong, with a projected annual growth rate (CAGR) of 7.96%. What's fueling this? Well, more and more people want these panels for building walls, mainly to shield the inside from the weather. Plus, there's a lot of investment happening – both from private companies and the government – in homes, factories, and stores, especially with new construction tech being used. The United States is really leading the charge in North America, thanks to a big jump in demand for housing.

Key Players

Want a sneak peek into the world of "Global PUR and PIR Sandwich Panels"? Our report gives you the inside scoop on the global market, highlighting the big names like United Panel-System (M) Sdn. Bhd., Cannon Ergos, Hennecke OMS, BASF, Kindus – K Industrial Company, and Others. We've got a whole section dedicated to these major players! Our analysts dig into their financial statements, benchmark their products, and even run a SWOT analysis. Plus, we break down the competitive scene, revealing their key strategies, market share, and global ranking. It's all you need to know in one place!

Key Developments

Company Name

Key Development

Description

United Panel-System (M) Sdn. Bhd.Expansion• In June 2021, United Panel-System M Sdn. Bhd, (UR), Malaysia’s leading insulated panel, commercial and industrial refrigeration systems producer, now manufactures COVID-19 vaccine logistics facilities made with BASF’s Elastopir PH 1132/509/0, a high-quality polyurethane rigid foam insulation solution.
BASFNew Launch• In November 2021, BASF showcases sustainable product portfolio at UTECH 2021. BASF’s PU solutions are saving resources, are lightweight and energy efficient. Thermal conductive polyurethane for high-voltage batteries is contributing to heat management in the eMobility sector.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2017-2028

BASE YEAR

2020

FORECAST PERIOD

2021-2028

HISTORICAL PERIOD

2017-2019

UNIT

Value (USD Million)

KEY COMPANIES PROFILED

United Panel-System (M) Sdn. Bhd., Cannon Ergos, Hennecke OMS, BASF, Kindus – K Industrial Company, and Others.

SEGMENTS COVERED

By Material, By Application, And By Geography.

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