GITNUX MARKETDATA REPORT 2024

Sandwich Panel Industry Statistics

The sandwich panel industry is projected to experience steady growth due to increasing demand in construction and automotive sectors.

Statistic 1

"The global Sandwich Panel market size was valued USD 1.61 billion in 2020."

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Statistic 2

"The global Sandwich Panel market is projected to reach USD 2.37 Billion by 2028."

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Statistic 3

"The Compound Annual Growth Rate (CAGR) for the Sandwich Panel market for the period 2021-2028 is estimated to be 5.1%."

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Statistic 4

"Asia Pacific led the Sandwich Panel market in 2020, with a revenue share of 34.0%."

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Statistic 5

"The use of Sandwich Panels for industrial buildings is projected at 53.8% of the global Sandwich Panel market in 2020."

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Statistic 6

"The expected growth in the construction hotel business to 2028 could increase demand for Sandwich Panels by 2.9%."

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Statistic 7

"The global construction industry is projected to reach $10.5 trillion by 2023."

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Statistic 8

"The building and construction plastics market, which often utilizes sandwich panels, is anticipated to grow at a CAGR of over 7% through 2027."

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Statistic 9

"Europe's construction industry had a growth rate of 2.6% in 2019."

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Statistic 10

"The US construction market was valued at $1.3 trillion in 2019."

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Statistic 11

"In 2019, the building material and supplies dealers industry in the US generated $195.3 billion."

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Statistic 12

"The demand for construction materials is expected to increase by 1.3% year on year until 2030."

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Statistic 13

"In 2019, China's construction industry was the largest in the world, accounting for 28% of the global total."

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Statistic 14

"The Global Green Building Materials Market accounted for $223.0 billion in 2017."

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Statistic 15

"The Global Green Building Materials Market is expected to reach around $377,029 million by 2024."

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Statistic 16

"The residential application segment dominated the sandwich panel market with a 63.9% share by revenue in 2020."

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Statistic 17

"The foam segment in the sandwich panel market held the highest market share in 2020, accounting for over 64% of the total market."

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Statistic 18

"The Thermoset segment in the sandwich panel market is predicted to reach a market size of over USD 579 million by 2028."

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Statistic 19

"The Americas region held 30.3% of the global sandwich panel market in 2020."

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