Sandwich panels are increasingly used in many commercial settings, including large refrigeration areas. They are also ideal for warehouses to store sensitive items that need to be kept at a steady temperature, such as frozen products and other temperature-sensitive items. Increasing urbanization and rising retail food processing demand for products that need efficient cold storage facilities. Furthermore, during the COVID-19 pandemic, increased online grocery sales and expanded e-commerce channels resulted in the need to expand cold storage facilities.
Sandwich panels are used in refrigerated trucks, also known as reefer trailers, for transporting temperature-sensitive items. Reefer vehicles maintain temperature throughout the supply chain to ensure that the product reaches the consumers in a fresh condition. Most cold chain products are transported through reefer vehicles in many developed countries. With the growth in the food service industry, the demand for reefer trucks is also increasing. The growing demand for ready-to-eat/cook, dairy products, and pharma items is propelling the demand for these reefer trucks, in turn, creating the need for sandwich panels.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America sandwich panel market. The North America sandwich panel market is expected to grow at a good CAGR during the forecast period.
North America sandwich panel market is segmented into material, application, end use, and country. Based on type, the North America sandwich panel market is segmented into polyurethane, polyisocyanurate, mineral wool, and others. The others segment held the largest share in the North America sandwich panel market in 2020. Based on application, the North America sandwich panel market has been segmented into wall panels, roof panels, and others. The wall panels segment held the largest share in the North America sandwich panel market in 2020. Based on end use, the North America sandwich panel market is segmented into residential and non-residential. The non-residential segment held a larger share in the North America sandwich panel market in 2020. Based on country, the North America sandwich panel market is segmented into the US, Canada, and Mexico. The US held the largest market share in 2020. 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 North America sandwich panel market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 605.13 Million |
| Market Size by 2028 | US$ 953.59 Million |
| Global CAGR (2021 - 2028) | 6.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Material
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |