According to the latest report by IMARC Group, titled “Multi-Metal Aluminum Sandwich Panels Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” the study provides a detailed analysis of the industry, including the global multi-metal aluminum sandwich panels market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the multi-metal aluminum sandwich panels market?
The global multi-metal aluminum sandwich panels market size reached US$ 7.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 11.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5.16% during 2024-2032.
What is multi-metal aluminum sandwich panels?
Multi-metal aluminum sandwich panels are made of multiple layers of rigid materials, a low-density core, and a thin skin layer bonded together to the side of a lightweight core. They are primarily used in the roof, wall, and insulated panels and are characterized by superior strength and flexural stiffness, improved stability, and excellent energy absorption capacity.
They offer enhanced flexibility for modern industrial designs and improved thermoregulation, soundproofing, and fire-resistant properties. When compared to traditionally used building materials, multi-metal aluminum sandwich panels are lightweight, highly durable, cost-efficient, and prefabricated. As a result, these panels are witnessing extensive demand across the aerospace, construction, chemical, marine, automotive, and oil and gas sectors.
What are the growth prospects and trends in the multi-metal aluminum sandwich panels industry?
The rapid industrialization and the rising product application across the residential and commercial sectors for improved insulation and enhanced comfort are primarily boosting the market growth. This is further supported by the increasing application of multi-metal aluminum sandwich panels in cold storage operations to extend the shelf life of frozen food products, seafood, pharmaceutical drugs, and chemicals. Moreover, the introduction of honeycomb core sandwich panels consisting of shear thickening fluid (STF) fillings by key players and burgeoning investments by governments of various regions for infrastructural development are creating a positive outlook for the market.
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Who are the key players operating in the industry?
The report covers the major market players including:
- Al Shahin Metal Industries
- ArcelorMittal S.A.
- Balex Metal Sp Z O O
- Dana Incorporated
- Isopan Spa
- Italpannelli Srl
- Kingspan Group plc
- MBCI Inc. (NCI Building Systems Inc.)
- Metecno (India) Private Limited
- Multicolor Steels (India) Pvt. Ltd
- NS BlueScope and Rautaruukki Oyj (SSAB AB).
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Metal:
- Aluminum
- Steel
- Titanium
- Others
Breakup by Foam Material:
- With Foam
- Aluminum
- Glass Wool
- Expanded Polystyrene
- Polyurethane
- Others
- Without Foam
Breakup by Application:
- Aerospace
- Architectural
- Construction
- Automotive and Locomotive
- Marine
- Chemical
- Oil and Gas
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
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