PUR and PIR Sandwich Panels Market

Global PUR and PIR Sandwich Panels Market Size (2024 to 2029)

The global PUR and PIR Sandwich Panels market size is expected to be worth USD 0.9 billion in 2024 and USD 1.3 billion by 2029, growing at a CAGR of approximately 7.85% during the forecast period.

MARKET OVERVIEW

A sandwich panel is made up of a low-density core/insulating material sandwiched between two metal layers that are bonded under pressure. Sandwich panels are low-cost, lightweight, pre-fabricated parts that are just as durable as traditional construction materials. The core material for corrugated insulated sandwich panels is Rockwool or Polyisocyanurate (PIR), which is sandwiched between two stiff metal facings PUR and PIR are both highly efficient insulating materials with similar insulating characteristics. PUR has poor fire resistance, whereas PIR has a high one.

Sandwich panels provide a number of advantages over other types of panel alternatives. The space enclosed in the sandwich panel walls receives excellent insulation from these. To keep undesired weather conditions outside the enclosed room at bay, high-quality and effective material is employed to fill the space between the metal panels. Sandwich panels are UV-resistant and aid in preserving and maintaining temperatures within cold rooms, chillers, freezers, and mobile refrigerating facilities in accordance with the needs of the items to be kept. Food products are very perishable, thus they must be kept at a temperature that is below the danger zone. Sandwich panels aid in the preservation of food and other related products for both short and lengthy periods of time.

MARKET DRIVERS

The key reason driving the growth of the global PUR and PIR sandwich panels market is infrastructural development projects owing to urbanization and industrialization in established and emerging nations. The worldwide Sandwich Panels Market is growing due to rising demand among real estate developers and an increase in infrastructural projects as a result of industrialization and urbanization in established and developing countries. Thermal resistance, acoustic insulation, mechanical qualities, fire behavior, and impermeability, as well as an increase in cold storage operations throughout the world, are all contributing to the market's growth.

The development of new and efficient core materials, together with significant developments in sandwich panel technology, will give positive market growth prospects. As a result of the improved quality of these panels, the need for lightweight rigid structures in the aerospace and transportation industries is increasing. Furthermore, the growing demand for sustainable and energy-efficient construction materials is expected to propel the global sandwich panels market forward.

MARKET RESTRAINTS

The major factors that restrict the global PUR and PIR sandwich panels market are the panels comprised of low resistance, supply chain problems, a lack of cash, labor difficulties, and lockdown limitations, construction activity has been temporarily suspended. As a result, all of these constraints restricted the market for sandwich panels. And Sandwich panels’ lower fire resistance compared to other construction materials is anticipated to limit their market expansion in the near future.

Impact of COVID-19 on the global PUR and PIR Sandwich Panels Market

The worldwide sandwich panel market was negatively impacted by Covid-19. Due to the downturn in building development operations during this time, demand for sandwich panels fell. Due to low disposable money and labor shortages during the crisis, no new residential and commercial structures were built. Similarly, demand for segments such as industrial and warehousing has decreased.

Sandwich panels are in high demand for creating improvised healthcare facilities and mobile cabins; however, there is some relief in the market during these difficult times. Furthermore, the industry is exhibiting indications of recovery with the return of building operations throughout the world.    

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global PUR and PIR Sandwich Panels Market By Material

The market is divided into two categories based on material: chemical and natural. Chemical material is expected to account for the biggest market share with a CAGR of 7.01 percent during the forecast period.

Other basic 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. In the worldwide sandwich panel market, chemical materials accounted for a greater proportion. This is because chemical materials have traditionally been used to create sandwich panels on a large scale. Using this type of material has a number of advantages.

Global PUR and PIR Sandwich Panels Market By Application

The Cold Storages application has the greatest market share and is expected to expand at a CAGR of 8.63 percent over the forecast period.

The Global PUR and PIR Sandwich Panels Market has been split into Building Wall, Building Roofs, and Cold Storage based on application. Polyurethane panels come in a variety of thicknesses, allowing them to meet a wide range of requirements. Using this type of material has a number of advantages. It is light in weight, making it simple to transfer and apply. It has one of the lowest thermal conductivities of any material, which helps to keep the heat in. It's also resistant to decomposition, as well as exposure to a variety of weather conditions and temperature extremes.

REGIONAL ANALYSIS

The highest market share was held by North America, which is expected to increase at a CAGR of 7.96 percent over the forecast period.

The expansion of the North American market is being driven by the rising need for building walls to offer enclosure to the building structure and protect the inside from the external environment. The market is developing because to increasing private and public expenditures in residential, industrial, and commercial projects, as well as the incorporation of technological advancements in building processes.

In Asia-Pacific, the global sandwich panel market is the fastest-growing geographical market category.

The market expansion in this area will be driven by the fast development of economies such as China, India, Indonesia, and Korea, as well as increased infrastructure construction. China and India are leading the fight to become a global manufacturing powerhouse in this area. As a result, sandwich panels are increasingly being used in modern residential and commercial constructions.

In Europe, there is a significant rise in demand for energy-efficient construction materials; the industry is expected to develop significantly.

KEY PLAYERS IN THE GLOBAL PUR AND PIR SANDWICH PANELS MARKET

United Panel-System (M) Sdn. Bhd., Cannon Ergos, Hennecke OMS, BASF, Kindus – K Industrial Company, Tata Steel, Rautaruukki Corporation, ArcelorMittal Construction, ITALPANNELLI S.R.L., DANA Group of Companies are some of the notable companies in the global PUR and PIR Sandwich Panels market.

RECENT HAPPENINGS IN THE MARKET

• 4^th November 2021: Sandwich Panels, the latest addition to AGACAD's specialist framing software for Autodesk Revit, has been released. Of the flexibility it gives to the production process and the rapidity with which panels can be placed on-site, panelized construction has become widely used in building design. Because panels may be constructed in automated manufacturing facilities, accuracy improves while costs and waste are reduced. Panels can be sold in stores or shipped to a distant port once they've been stacked and boxed.
• 18^th February 2021: Polifilm Protection has created a temporary protective layer for polyurethane rigid foam core sandwich panels, which are extensively used for cold storage and refrigerated, warehouse insulation. This specially designed coating can resist temperatures up to 160°C and prevents newly manufactured panels from melting together when stacked. Sandwich panels often have a painted metal covering on the top and bottom, as well as a firm polyurethane foam insulating core. The skin layers are laminated with a protective film prior to manufacturing, which must endure all processing stages, including profiling and preheating, application of the polyurethane core and its exothermic foaming reaction, and cutting and stacking of the completed panels.

DETAILED SEGMENTATION OF THE GLOBAL PUR AND PIR SANDWICH PANELS MARKET INCLUDED IN THIS REPORT

This research report on the global PUR and PIR sandwich panels market has been segmented and sub-segmented based on material, application, and region.

By Material

• Chemical
•  Natural

By Application

• Building Wall
• Building Roof
• Cold Storages

By Region

• North America 
• Europe
• Asia Pacific 
• Latin America
• Middle east and Africa