Global Sandwich Panels market will reach 11.24 billion US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/7/31

The global sandwich panels market will witness rapid growth in the building and construction industries due to less time-consuming construction activities. The sandwich panes are cost-effective and inexpensive as they are easy to install as compared to other wall assemblies. This very property is expected to drive the growth of the market in the coming years. In addition, the growing adoption of sandwich panels in commercial, residential, and infrastructure development activities will further boost the growth of the market.

Moreover, the construction of a special economic zone and commercial buildings due to rapid industrialization is anticipated to propel the growth of the market. Growing awareness about energy-efficient buildings, implementation of stringent energy conservation regulations, and improvement in thermal performance of sandwich panels are the key factors that are likely to fuel the growth of the market in the near future.

According to the report, the global sandwich panels was valued at US$8139.23 mn in 2018 and will touch the valuation at US$11.24 bn by 2025. The market is likely to register a CAGR of 4.73% during the forecast period.

Click to view the full report:  https://www.qyresearch.com/index/detail/740659/global-sandwich-panels-market
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