Steel Sandwich Panels Market Size, Share, Growth Analysis, By Skin Material(Continuous Fibre Reinforced Thermoplastics (CFRT), Fiberglass Reinforced Panel (FRP)), By Application(Residential Buildings, Commercial Buildings), By Type(PUR/PIR Sandwich Panels, PUR/PIR Sandwich Panels) - Industry Forecast 2024-2031

North America is the dominating region in the market. There has been remarkable growth in construction in North America. End-users use modular building materials to build small houses. The progress being made by governments to establish cold storage facilities and storage facilities will drive the demand for the product in the forecast time frame. Moreover, the European market is expected to grow well during the forecast period. The increasing research and innovation for lightweight building materials is attributed to the growing demand for modular structures from consumers.

The Asia-Pacific is estimated to grow at the highest CAGR during the forecast period (2024-2031). This growth is due to increasing research activities, increasing product requirements, expansion initiatives within APAC by increasing number of market players, and high adoption of steel sandwich panels in APAC countries in many cases. Other factors driving the growth of the global steel sandwich panels market are the development of marketing research tools, existing players firmly established in the market. Furthermore, government agencies, companies, third parties' managers etc. have put their efforts towards customer-centric policies. Rising demand for restaurants and even agricultural or industrial buildings and bridges, heavy government investments, new and improved technologies and machinery, and improved marketing strategies may fuel the steel sandwich panel market has made great strides.