PUBLISHER: Persistence Market Research | PRODUCT CODE: 1623914
PUBLISHER: Persistence Market Research | PRODUCT CODE: 1623914
India Sandwich Panel Market by Product Type, Application, and End-Use: Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024 - 2031
Persistence Market Research has recently released a comprehensive report on the India Sandwich Panel Market. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the India Sandwich Panel Market from 2024 to 2031.
Key Insights:
- India Sandwich Panel Market Size (2024E): US$ 0.2 Bn
- Projected Market Value (2031F): US$ 0.4 Bn
- Market Growth Rate (CAGR 2024 to 2031): 11.4%
India Sandwich Panel Market - Report Scope:
Sandwich panels, which consist of two outer layers with an insulating core, have gained significant popularity in India due to their cost-effectiveness, energy efficiency, and durability. These panels are widely used in construction applications, such as for roofing and wall cladding, providing thermal insulation and soundproofing. The market caters to a variety of industries, including residential, commercial, industrial, and agricultural sectors, with growing adoption in both new construction and renovation projects. The market is segmented based on product type, material composition, application, and end-use sector.
Market Growth Drivers:
The India Sandwich Panel Market is driven by several factors, including rapid urbanization, the growing demand for energy-efficient building materials, and advancements in construction technologies. The government's push for sustainable construction and energy-efficient buildings, particularly in commercial and industrial sectors, has also contributed significantly to market growth. Additionally, the increasing demand for prefabricated structures and the rise of modular construction are propelling the adoption of sandwich panels. The growing focus on reducing construction time and labor costs further accelerates the demand for these panels, which provide faster installation and high insulation performance.
Market Restraints:
Despite the positive market outlook, there are challenges hindering the growth of the India Sandwich Panel Market. The high initial cost of sandwich panels compared to traditional building materials may deter price-sensitive consumers. Moreover, the availability of cheaper alternatives and the fluctuating prices of raw materials, such as steel and insulation, pose challenges for manufacturers. There are also concerns regarding the quality of sandwich panels, with some low-cost alternatives not meeting the required standards, which could lead to issues in structural integrity and insulation performance.
Market Opportunities:
The market offers significant growth opportunities, particularly in the expansion of green buildings and eco-friendly construction materials. With growing environmental awareness, there is a rising demand for sandwich panels made from sustainable materials such as recyclable and eco-friendly insulation cores. Additionally, the surge in demand for cold storage, warehouses, and commercial buildings presents a favorable environment for the adoption of sandwich panels. Innovations in panel designs, customization options, and lightweight yet durable materials are further fueling the demand. Companies that focus on offering energy-efficient solutions and products with improved fire resistance can tap into the evolving market trends.
Key Questions Answered in the Report:
- What are the primary factors driving the growth of the India Sandwich Panel Market?
- Which end-use sectors are expected to contribute the most to market growth?
- How are technological advancements and innovations in materials influencing the competitive landscape of the sandwich panel market?
- Who are the key players in the India Sandwich Panel Market, and what strategies are they employing to stay competitive?
- What are the emerging trends and future prospects in the Indian market for sandwich panels?
Competitive Intelligence and Business Strategy:
Key players in the India Sandwich Panel Market, including Tata Steel Limited, Everest Industries, and HIL Limited, focus on innovation, product quality, and customer-centric solutions to maintain a competitive edge. These companies are investing in R&D to develop lightweight, high-performance panels that cater to specific industry needs, including high thermal insulation and fire resistance. Strategic partnerships with construction companies and distribution networks are crucial for expanding their market presence. Furthermore, the emphasis on sustainability, such as the development of environmentally friendly sandwich panels, is expected to drive their growth and market positioning.
Key Companies Profiled:
- Rinac India Limited
- Metecno India Private Limited
- EPACK Prefab
- Alfa PEB Ltd.
- Viraat Industries
- BNAL Prefabs Pvt Ltd.
- Syngery Thrislington
- Ice Make Refrigeration Ltd
- Lloyd Insulations (India) Limited
India Sandwich Panel Market Segmentation
By Material Type
- Mineral Wool
- Polyurethane (PUR)
- Expanded Polystyrene (EPS)
- Polyisocyanurate (PIR)
- Glass Wool
- Rockwool
By Application
- Residential
- Commercial
- Industrial
By End Use
- Building and Construction
- Cold Storage and Refrigeration
- Transport and Automotive
- Industrial Warehousing
- Retail and Commercial Spaces
- Green Manufacturing (EV, Solar, Batteries)
- Semiconductor and Electronics
- Data Center
By Zone
- North India
- West India
- East India
- Central India
- South India
Table of Contents
1. Executive Summary
- 1.1. India Sandwich Panel Market Snapshot, 2024 and 2031
- 1.2. Market Opportunity Assessment, 2024 - 2031, US$ Bn
- 1.3. Key Market Trends
- 1.4. Future Market Projections
- 1.5. Premium Market Insights
- 1.6. Industry Developments and Key Market Events
- 1.7. PMR Analysis and Recommendations
2. Market Overview
- 2.1. Market Scope and Definition
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
- 2.3. Product Lifecycle Analysis
- 2.4. Macro-Economic Factors
- 2.4.1. India Sectorial Outlook
- 2.4.2. India GDP Growth Outlook
- 2.5. India Parent Market Overview
- 2.6. Sandwich Panel Market: Value Chain
- 2.6.1. List of Raw Application Supplier
- 2.6.2. List of Manufacturers
- 2.6.3. List of Distributors
- 2.6.4. List of End Use s
- 2.6.5. Profitability Analysis
- 2.7. Forecast Factors - Relevance and Impact
- 2.8. Covid-19 Impact Assessment
- 2.9. PESTLE Analysis
- 2.10. Porter Five Force's Analysis
- 2.11. Geopolitical Tensions: Market Impact
- 2.12. Regulatory and Application Landscape
3. Production Output and Trade Statistics, 2019 - 2023
- 3.1. Production by Zone
- 3.2. Import-Export Analysis
- 3.3. Net Trade Flow
4. Price Trend Analysis, 2019 - 2031
- 4.1. Key Highlights
- 4.2. Key Factors Impacting Product Prices
- 4.3. Prices By Material Type/Application/End Use
- 4.4. Zoneal Prices and Product Preferences
5. India Sandwich Panel Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
- 5.1. Key Highlights
- 5.1.1. Market Size and Y-o-Y Growth
- 5.1.2. Absolute $ Opportunity
- 5.2. Market Size (US$ Bn ) Volume (Tons) Analysis and Forecast
- 5.2.1. Historical Market Size Analysis, 2019 - 2023
- 5.2.2. Current Market Size Forecast, 2024 - 2031
- 5.3. India Sandwich Panel Market Outlook: Type
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Bn ) and Volume (Tons) Analysis By Material Type, 2019 - 2023
- 5.3.3. Current Market Size (US$ Bn ) and Volume (Tons) Forecast By Material Type, 2024 - 2031
- 5.3.3.1. Mineral Wool
- 5.3.3.2. Polyurethane (PUR)
- 5.3.3.3. Expanded Polystyrene (EPS)
- 5.3.3.4. Polyisocyanurate (PIR)
- 5.3.3.5. Glass Wool
- 5.3.3.6. Rockwool
- 5.4. Market Attractiveness Analysis: Material Type
- 5.5. India Sandwich Panel Market Outlook: Application
- 5.5.1. Introduction / Key Findings
- 5.5.2. Historical Market Size (US$ Bn ) and Volume (Tons) Analysis By Application, 2019 - 2023
- 5.5.3. Current Market Size (US$ Bn ) and Volume (Tons) Forecast By Application, 2024 - 2031
- 5.5.3.1. Residential
- 5.5.3.2. Commercial
- 5.5.3.3. Industrial
- 5.6. Market Attractiveness Analysis: Application
- 5.7. India Sandwich Panel Market Outlook: End Use
- 5.7.1. Introduction / Key Findings
- 5.7.2. Historical Market Size (US$ Bn ) and Volume (Tons) Analysis By End Use , 2019 - 2023
- 5.7.3. Current Market Size (US$ Bn ) and Volume (Tons) Forecast By End Use , 2024 - 2031
- 5.7.3.1. Building and Construction
- 5.7.3.2. Cold Storage and Refrigeration
- 5.7.3.3. Transport and Automotive
- 5.7.3.4. Industrial Warehousing
- 5.7.3.5. Retail & Commercial Spaces
- 5.7.3.6. Green Manufacturing (EV, Solar, Batteries, etc.)
- 5.7.3.7. Semiconductor and Electronics
- 5.7.3.8. Data Center
- 5.7.3.9. Misc.
- 5.8. Market Attractiveness Analysis: End Use
6. India Sandwich Panel Market Outlook: Zone
- 6.1. Key Highlights
- 6.2. Historical Market Size (US$ Bn ) and Volume (Tons) Analysis By Zone, 2019 - 2023
- 6.3. Current Market Size (US$ Bn ) and Volume (Tons) Forecast By Zone, 2024 - 2031
- 6.3.1. North India
- 6.3.2. East India
- 6.3.3. South India
- 6.3.4. West India
- 6.3.5. Central India
- 6.4. Market Attractiveness Analysis: Zone
7. North India Sandwich Panel Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
- 7.1. Key Highlights
- 7.2. Pricing Analysis
- 7.3. Historical Market Size (US$ Bn ) and Volume (Tons) Analysis By Market, 2019 - 2023
- 7.3.1. By Material Type
- 7.3.2. By Application
- 7.3.3. By End Use
- 7.4. Current Market Size (US$ Bn ) and Volume (Tons) Forecast By Material Type, 2024 - 2031
- 7.4.1. Mineral Wool
- 7.4.2. Polyurethane (PUR)
- 7.4.3. Expanded Polystyrene (EPS)
- 7.4.4. Polyisocyanurate (PIR)
- 7.4.5. Glass Wool
- 7.4.6. Rockwool
- 7.5. Current Market Size (US$ Bn ) and Volume (Tons) Forecast By Application, 2024 - 2031
- 7.5.1. Residential
- 7.5.2. Commercial
- 7.5.3. Industrial
- 7.6. Current Market Size (US$ Bn ) and Volume (Tons) Forecast By End Use , 2024 - 2031
- 7.6.1. Building and Construction
- 7.6.2. Cold Storage and Refrigeration
- 7.6.3. Transport and Automotive
- 7.6.4. Industrial Warehousing
- 7.6.5. Retail & Commercial Spaces
- 7.6.6. Green Manufacturing (EV, Solar, Batteries, etc.)
- 7.6.7. Semiconductor and Electronics
- 7.6.8. Data Center
- 7.6.9. Misc.
- 7.7. Market Attractiveness Analysis
8. East India Sandwich Panel Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
- 8.1. Key Highlights
- 8.2. Pricing Analysis
- 8.3. Historical Market Size (US$ Bn ) and Volume (Tons) Analysis By Market, 2019 - 2023
- 8.3.1. By Material Type
- 8.3.2. By Application
- 8.3.3. By End Use
- 8.4. Current Market Size (US$ Bn ) and Volume (Tons) Forecast By Material Type, 2024 - 2031
- 8.4.1. Mineral Wool
- 8.4.2. Polyurethane (PUR)
- 8.4.3. Expanded Polystyrene (EPS)
- 8.4.4. Polyisocyanurate (PIR)
- 8.4.5. Glass wool
- 8.4.6. Rockwool
- 8.5. Current Market Size (US$ Bn ) and Volume (Tons) Forecast By Application, 2024 - 2031
- 8.5.1. Residential
- 8.5.2. Commercial
- 8.5.3. Industrial
- 8.6. Current Market Size (US$ Bn ) and Volume (Tons) Forecast By End Use , 2024 - 2031
- 8.6.1. Building and Construction
- 8.6.2. Cold Storage and Refrigeration
- 8.6.3. Transport and Automotive
- 8.6.4. Industrial Warehousing
- 8.6.5. Retail & Commercial Spaces
- 8.6.6. Green Manufacturing (EV, Solar, Batteries, etc.)
- 8.6.7. Semiconductor and Electronics
- 8.6.8. Data Center
- 8.6.9. Misc.
- 8.7. Market Attractiveness Analysis
9. South India Sandwich Panel Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
- 9.1. Key Highlights
- 9.2. Pricing Analysis
- 9.3. Historical Market Size (US$ Bn ) and Volume (Tons) Analysis By Market, 2019 - 2023
- 9.3.1. By Material Type
- 9.3.2. By Application
- 9.3.3. By End Use
- 9.4. Current Market Size (US$ Bn ) and Volume (Tons) Forecast By Material Type, 2024 - 2031
- 9.4.1. Mineral Wool
- 9.4.2. Polyurethane (PUR)
- 9.4.3. Expanded Polystyrene (EPS)
- 9.4.4. Polyisocyanurate (PIR)
- 9.4.5. Glass wool
- 9.4.6. Rockwool
- 9.5. Current Market Size (US$ Bn ) and Volume (Tons) Forecast By Application, 2024 - 2031
- 9.5.1. Residential
- 9.5.2. Commercial
- 9.5.3. Industrial
- 9.6. Current Market Size (US$ Bn ) and Volume (Tons) Forecast By End Use , 2024 - 2031
- 9.6.1. Building and Construction
- 9.6.2. Cold Storage and Refrigeration
- 9.6.3. Transport and Automotive
- 9.6.4. Industrial Warehousing
- 9.6.5. Retail & Commercial Spaces
- 9.6.6. Green Manufacturing (EV, Solar, Batteries, etc.)
- 9.6.7. Semiconductor and Electronics
- 9.6.8. Data Center
- 9.6.9. Misc.
- 9.7. Market Attractiveness Analysis
10. West India Sandwich Panel Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
- 10.1. Key Highlights
- 10.2. Pricing Analysis
- 10.3. Historical Market Size (US$ Bn ) and Volume (Tons) Analysis By Market, 2019 - 2023
- 10.3.1. By Material Type
- 10.3.2. By Application
- 10.3.3. By End Use
- 10.4. Current Market Size (US$ Bn ) and Volume (Tons) Forecast By Material Type, 2024 - 2031
- 10.4.1. Mineral Wool
- 10.4.2. Polyurethane (PUR)
- 10.4.3. Expanded Polystyrene (EPS)
- 10.4.4. Polyisocyanurate (PIR)
- 10.4.5. Glass wool
- 10.4.6. Rockwool
- 10.5. Current Market Size (US$ Bn ) and Volume (Tons) Forecast By Application, 2024 - 2031
- 10.5.1. Residential
- 10.5.2. Commercial
- 10.5.3. Industrial
- 10.6. Current Market Size (US$ Bn ) and Volume (Tons) Forecast By End Use , 2024 - 2031
- 10.6.1. Building and Construction
- 10.6.2. Cold Storage and Refrigeration
- 10.6.3. Transport and Automotive
- 10.6.4. Industrial Warehousing
- 10.6.5. Retail & Commercial Spaces
- 10.6.6. Green Manufacturing (EV, Solar, Batteries, etc.)
- 10.6.7. Semiconductor and Electronics
- 10.6.8. Data Center
- 10.6.9. Misc.
- 10.7. Market Attractiveness Analysis
11. Competition Landscape
- 11.1. Market Share Analysis, 2023
- 11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Dashboard
- 11.2.3. Apparent Production Capacity
- 11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Rinac India Limited
- 11.3.1.1. Overview
- 11.3.1.2. Segments and Products
- 11.3.1.3. Key Financials
- 11.3.1.4. Market Developments
- 11.3.1.5. Market Strategy
- 11.3.2. Metecno India Private Limited
- 11.3.3. EPACK Prefab
- 11.3.4. Alfa PEB Ltd.
- 11.3.5. Viraat Industries
- 11.3.6. BNAL Prefabs Pvt Ltd.
- 11.3.7. Syngery Thrislington
- 11.3.8. Ice Make Refrigeration Ltd
- 11.3.9. Lloyd Insulations (India) Limited
- 11.3.1. Rinac India Limited
Note: List of companies is not exhaustive in Material Type. It is subject to further augmentation during course of research
12. Appendix
- 12.1. Research Methodology
- 12.2. Research Assumptions
- 12.3. Acronyms and Abbreviations
