With consumer inclination towards better integrated building solutions with lower carbon emission and reduced lifetime costs, sandwich panel systems are estimated to witness widespread adoption in the coming years. Further, the market is expected to witness potential demand in rural areas, owing to the cost effectiveness and durable qualities of sandwich panel systems.
Government efforts towards rural development are also expected to contribute towards the growth of the sandwich panels market. Sandwich panel systems offer quite a level of thermal and water insulation. Thus, increasing awareness regarding energy efficient infrastructure and establishment of energy conservation rules by regulatory bodies, coupled with the enhanced thermal performance of these panels via innovation, could create notable opportunities for market players in the global sandwich panel system market over the projected period.
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Sandwich Panel System Market: Regional Outlook
South East Asia Pacific, China and India are expected to emerge as prominent regions in the sandwich panel system market, owing to the increasing number of large-scale residential as well as industrial infrastructural projects in the region, coupled with the increasing number of government subsidies for rural buildings. Post the recession in North America, the construction industry has been gaining momentum and is expected gain traction and witness positive trends in the coming years, specifically in the residential sector, which in turn is anticipated to drive the market for sandwich panel systems in the region, especially in the United States. The population in Europe is inclined towards the consumption of packaged foods and beverages, which require temperature-controlled infrastructures (warehouses). This has been fueling the unit sale of sandwich panel systems in the region. Thus, prominent players in the sandwich panel system market are strategically expanding their presence in Europe to gain better opportunities and a high market share. For instance, in the first quarter of 2018, Areco Group announced the acquisition of TPE Spirit Oy, a manufacturer of finished sandwich panel systems.
In the Middle East Africa, countries such as Oman, Iraq and Sudan register extremely high temperature areas and a sandwich panel system offers the ideal solution for new constructions. Therefore, the region is estimated to witness above average growth in the sandwich panel system market during the forecast period.
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Sandwich Panel System Market: Market Participants
Examples of some of the market participants in the global sandwich panel system market identified across the value chain include: Sintex Tata Steel Areco Group Multicolor® Steels (India) Pvt. Ltd. NCI Building Systems Romakowski GmbH & Co. KG Zhong Jie Group Manni Group ArcelorMittal Hoeschbausysteme GmbH Assan Panel A.S. Nucor Building Systems Kingspan Group Invespanel DANA Group of Companies
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Regional analysis includes: North America (U.S., Canada) Latin America (Mexico. Brazil) Western Europe (Germany, Italy, France, U.K, Spain) Eastern Europe (Poland, Russia) Asia Pacific (China, India, ASEAN, Australia & New Zealand) Japan Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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