Thailand Sandwich Panel Materials Market is expected to reach US$ 49.06 Million by 2031

Growing Applications of Sandwich Panels in Cold Storage Facilities Fuel Thailand Sandwich Panel Materials Market Growth

According to the latest market study on “Thailand Sandwich Panel Materials Market Forecast to 2031 – Country Share, Trend, and Growth Opportunity Analysis – by Component, Application, and End Use,” the market was valued at US$ 38.03 million in 2024 and is projected to reach US$ 49.06 million by 2031; it is anticipated to record a CAGR of 3.9% from 2025 to 2031. The report highlights key factors contributing to the Thailand sandwich panel materials market size and prominent players, along with their developments in the market. 

The Thailand sandwich panel materials market is experiencing steady growth, driven by growing applications of sandwich panels in cold storage facilities. Sandwich panels have excellent insulation properties and are becoming the material of choice for constructing cold storage facilities with large refrigeration areas. They are also used to construct warehouses that store sensitive items at a steady temperature. These panels help maintain precise temperature control, which is crucial for preserving perishable goods such as food and pharmaceuticals, thereby reducing spoilage and ensuring product quality. As Thailand continues to expand its agricultural and food processing industries, there is an increasing requirement for modern cold storage facilities to support the storage and transportation of temperature-sensitive products. In July 2023, Bangkok Cold Storage Service Ltd completed the construction of its third cold storage (BCS3) in Thailand. In December 2024, Linfox International Group acquired 30,000 square meters of land in Bangkok to construct a state-of-the-art, multi-temperature facility. It boasts 34 loading bays and temperature-controlled chambers capable of maintaining temperature conditions ranging from −25°C to +20°C. In September 2024, BRD Group supplied its 50 mm rock wool sandwich panels for the development of a leading logistics center in Chonburi, Thailand. Moreover, the development of fire-resistant sandwich panels is expected to remain one of the major Thailand sandwich panel materials market trends in the coming years. 

Thailand Sandwich Panel Materials Market Breakdown – by Country

As these panels are often sourced from countries such as China, the US, or European nations with established manufacturing industries, the cost of transportation, import taxes, and customs duties adds to the final price of the products. Additionally, the fluctuation of exchange rates further impacts the cost. A decline in the value of the Thai Baht against other currencies could cause the price of imported materials to rise, further increasing the financial burden on construction projects that use sandwich panels. Import dependence also subjects the sandwich panel market to the risks of tariffs and trade barriers. If the Thai government or the countries from which the panels are imported impose tariffs, the costs for sandwich panels may rise, making them less competitive compared to traditional materials. Any changes in trade agreements or the imposition of trade barriers can disrupt the smooth flow of materials and hinder market growth. The increasing popularity of paint protection films fuels the Thailand sandwich panel materials market growth.

The Thailand sandwich panel materials market analysis is carried out by identifying and evaluating key players in the market. ROCKWOOL A/S, Dow Inc, BASF SE, Sika AG, Celanese Corp, Covestro AG, Microfiber Industries Ltd, The Steel Public Company Ltd, Daicel Corporation, Nichias Corporation, Insufoam Industries (Samut Sakhon) Co Ltd, and Shandong Minye Refractory Fibre Co Ltd are among the key players profiled in the Thailand sandwich panel materials market report.

Manufacturers play a key role in the Thailand sandwich panel materials market by converting raw materials into finished products that meet the diverse needs of the construction materials industry. These manufacturers are responsible for the design and production. Their ability to produce high-quality materials directly impacts the effectiveness and adoption of this construction material in various projects across the country. One of the key roles of manufacturers is ensuring that sandwich panel materials meet industry standards and regulatory requirements. This involves rigorous testing and quality control to guarantee that the panels provide the desired thermal insulation, fire resistance, and structural integrity. Compliance with safety and performance standards is crucial, especially as construction regulations in Thailand become more stringent with the country's growing urbanization and infrastructure development.

Thailand Sandwich Panel Materials Market Report Segmentation:

Based on component, the market is segmented into core material (polyurethane, polyisocyanurate, mineral wool, expanded polystyrene, and others) and skin material (polycarbonate, fiberglass reinforced panel, aluminum, steel, and others). The skin materials segment held a larger Thailand sandwich panel materials market share in 2024. A sandwich panel is composed of two thin, stiff, and strong skins commonly made of metals such as steel and aluminum or polymers such as polycarbonate and polypropylene. In sandwich panels, the skins are separated by a thick core made of thin-walled hexagonal, circular, or random-shaped cells and low-density material. The skin materials in sandwich panels are crucial for providing the structural performance, durability, and overall effectiveness of the panel. The skin materials are the primary load-bearing components, and they perform various key roles in structural strength, environmental protection, and aesthetic and functional finishing.

Based on application, the market is segmented into skylight, façade, cladding, outdoor, and others. The outdoor segment held the largest Thailand sandwich panel materials market share in 2024. Sandwich panels are highly used for outdoor systems, such as outdoor enclosures, sheds, and parking areas, due to their various performance benefits. It includes thermal insulation, weather resistance, lightweight and easy installation, sound insulation, structural strength, and aesthetic appeal. These panels come in various finishes, colors, and textures, allowing them to blend with their surroundings or match a specific aesthetic. This flexibility of these sandwich panels makes them ideal for various outdoor areas.

Based on end use, the market is segmented into residential, commercial, industrial, and institutional. The residential segment held the largest share of the Thailand sandwich panel materials market in 2024. With superior insulation, structural strength, and ease of installation, sandwich panels are largely preferred for residential buildings. These panels provide barriers against heat loss, which is particularly beneficial in varied climates, and help reduce energy consumption for heating and cooling. The ability to maintain a constant temperature inside buildings makes sandwich panels ideal for improving energy efficiency and reducing the carbon footprint. Sandwich panels also provide sound insulation, which helps create a quieter and more comfortable living environment in residential buildings.

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