Others Segment to Dominate SAM Sandwich Panel Market during 2020–2028      

According to a new market research study on “SAM Sandwich Panel Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Material, Application, and Use” is expected to reach US$ 113.38 million by 2028 from 77.17 US$ million in 2021. The market is estimated to grow at a CAGR of 5.6% from 2021 to 2028. The report provides trends prevailing in the SAM sandwich panel market along with the drivers and restraints pertaining to the market growth. Construction industry is witnessing growth and this is the major factor driving the growth of the SAM sandwich panel market. However, issues associated with high flammability of sandwich panels hinders the growth of SAM sandwich panel market.

SAM sandwich panel market is segmented into material, application, end use, and country. Based on type, the SAM sandwich panel market is segmented into polyurethane, polyisocyanurate, mineral wool, and others. The others segment held the largest share in the SAM sandwich panel market in 2020. Based on application, the SAM sandwich panel market has been segmented into wall panels, roof panels, and others. The wall panels segment held the largest share in the SAM sandwich panel market in 2020. Based on end use, the SAM sandwich panel market is segmented into residential and non-residential. The non-residential segment held a larger share in the SAM sandwich panel market in 2020. Based on country, the SAM sandwich panel market is segmented into Brazil, Argentina, and the Rest of SAM.

Arcelormittal, Assan Panel, Dana Group of Companies, Isopan, Italpannelli S.R.L., Kingspan Group, Lattonedil, Multicolor Steels India Pvt Ltd., Tata Steel, and Zhongjie Group are among the leading companies in the SAM sandwich panel market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, The Kingspan Group invested 2.5 billion euros in the first stage of the strategic partnership with H2 Green Steel in April 2021, as 65% of Kingspan's business revenue comes from the sale of its insulated panels, which sandwich panels for use on building facades. Using only low emissions steel would see Kingspan reduce embodied carbon in its insulated panel products by approximately 45%. It would also contribute to Kingspan Group's 2030 goal of cutting emissions from its supply chain by 50% bdelivering up to a 35% reduction in the Group.  

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