Growing Popularity of Prefabricated and Modular Construction Fuels Steel Sandwich Panel Market Growth
According to our latest study on "Steel Sandwich Panel Market Size and Forecast (2021–2031), Global and Regional Growth Opportunity Analysis – by core material, application, and end use," the market value is expected to surge from US$ 1.08 billion in 2024 to US$ 1.71 billion by 2031; the market is estimated to register a CAGR of 6.7% during 2025–2031. The steel sandwich panel market report highlights key factors driving the market growth and steel sandwich panel market trends, as well as profiles prominent players, along with their developments in the market.
The growing acceptance of prefabricated and modular building practices is a key influencer in the steel sandwich panel sector. The construction industry is increasingly transitioning to quicker, cost-effective, and more sustainable building methods that incorporate materials and systems supporting these ideals. Steel sandwich panels are particularly useful within prefabricated construction applications as they are lightweight, have a high strength-to-weight ratio, and allow for straightforward installation. The presence of a sandwich panel permits rapid construction assembly and reduces labor requirements, both of which are beneficial for the off-site modular construction process. Steel sandwich panels provide exceptional thermal performance and durability, thereby enabling versatility for a variety of modular applications in residential, commercial, site kancel, and temporary pandemic shelter uses. Municipal expansion alongside labor pool shortages in the construction sector will continue to stimulate opportunities for modular solutions worldwide; the steel sandwich panel sector is poised to benefit in particular geographic locations focused on affordable housing, disaster-relief infrastructure, and energy performance building technologies..
Steel Sandwich Panel Market Breakdown – By Region
Steel Sandwich Panel Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Core Material (Polyisocyanurate and Mineral Wool), Application (Wall Panels, Roof Panels, and Others), and End Use (Residential, Commercial, Industrial, Institutional, and Infrastructure)
Steel Sandwich Panel Market Demand, Trends & Forecast 2031
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The steel sandwich panel market analysis has been performed by considering the following segments: core material, application, and end use. Based on core material, the market is bifurcated into polyisocyanurate and mineral wool. The polyisocyanurate segment is likely to register a significant CAGR during 2025–2031. In terms of application, the market is segmented into wall panels, roof panels, and others. The wall panels segment held a significant share of the market in 2024. The steel sandwich panel market is segmented by end use into residential, commercial, industrial, institutional, and infrastructure. The industrial segment is expected to register a significant CAGR during 2025–2031.
In terms of revenue, the Asia Pacific dominated the steel sandwich panel market share in 2024. Germany contributes significantly to the steel sandwich panel market growth in Europe. China dominated the Asia Pacific steel sandwich panel market share in 2024. The steel sandwich panels market in China continues to grow due to rapid urbanization and industrialization. The Chinese population is increasingly demanding cost-efficient and speedy building solutions. Due to their performance and attributes, steel sandwich panels now find applications in residential, commercial, and industrial construction. There is an increase in demand for prefabricated and modular buildings, supported by governmental programs promoting affordable housing and sustainable urban planning. Cold storage and food processing industries are expanding in China, and steel sandwich panels are essential to temperature control in these industries. The Chinese government is promoting green building standards as well as energy-efficient building materials, both of which are popularizing the use of steel sandwich panels. Importantly, many domestic manufacturers have been developing new panel design types and materials that should ultimately further develop China's global steel sandwich panel market position.
The steel sandwich panel market forecast can help stakeholders plan their growth strategies effectively. ArcelorMittal SA, Kingspan Group Plc, ISOPAN, Balex-Metal, Tata Steel Ltd, Assan Panel A.?., ARPANEL, PANELTECH SP. Z O.O, Metecno, ACH ??Panels, EuroPanels Sp. z o.o., GRUPO HIEMESA S.L, RWD Sandwich Panels S.r.l., IRMALEX, and Izopanel sp. z o.o. are among the prominent players profiled in the steel sandwich panel market report. To remain competitive, these players launch products, expand capacities, form partnerships, and collaborate. For example, in October 2024, Invespanel became the first sandwich panel producer in Spain and Portugal to use ArcelorMittal's organic-coated XCarb recycled and renewably produced steel. This partnership is the result of co-engineering focused on construction solutions with a reduced carbon footprint in the building sector.
By geography, the steel sandwich panel market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The market in North America is sub-segmented into the US, Canada, and Mexico. The market in Europe is sub-segmented into Germany, France, Italy, Russia, the UK, and the Rest of Europe. The market in Asia Pacific is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The steel sandwich panel market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East & Africa. The market in South & Central America is sub-segmented into Brazil, Argentina, and the Rest of South & Central America.
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