#Sandwich #Panels #Market #Size #Worth #USD #Billion
New York, USA, Oct. 26, 2022 (GLOBE NEWSWIRE) — Sandwich Panels Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR), “Sandwich Panels Market Information by Type, Application, and Region – Forecast till 2030”, the market is estimated to grow at a 8.85% CAGR to reach USD 4.20 Billion by 2030.
Market Synopsis
A sandwich panel can be described as a composite material that is developed by placing insulation material between metal surfaces. It is a durable and light construction material that helps in cladding external walls and roofs of buildings and also insulated internal walls as well as cold storage. This system safeguards the building from external environmental factors while providing an extremely economical and convenient solution for robust stands. The result is an energy-efficient, cost-effective, and structurally sound building that saves money, labor, and time.
There is a substantial increase in cold storage operations that help bolster the shelf life of fresh seafood, agricultural produce, photographic film, frozen food, pharmaceutical drugs, and chemicals.
Furthermore, the rise in food retail chains by various multinational companies has resulted in a surge in the demand for cold storage. Such factors are bound to elevate the demand for advanced sandwich panels worldwide in the coming years.
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Report Scope:
| Report Attribute | Details |
| 2030 Market Size | USD 4.20 Billion |
| CAGR | 8.85% (2022–2030) |
| Base Year | 2021 |
| Forecast Period | 2022–2030 |
| Historical Data | 2020 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | Rapid infrastructure development across different regions is generating huge demand |
| The growth of… |
Read on GNW: Sandwich Panels Market Size Worth USD 4.20 Billion by 2030
