Report ID: UCMIG20C2041
Report ID:
UCMIG20C2041 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The worldwide market for sandwich panels was valued at USD 9.19 billion in 2022 and is anticipated to experience growth, reaching USD 17.45 billion by 2030, with an 8.4% compound annual growth rate (CAGR) during the forecasted period, starting from USD 9.91 billion in 2023. A sandwich panel, a contemporary construction material, enhances structural effectiveness through the amalgamation of composite materials. The increasing demand for swift construction across multiple sectors like residential, cold storage, and commercial buildings is expected to drive the demand for this product.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Construction & Engineering by segment aggregation, the contribution of the Construction & Engineering in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG20C2041