What is Global PUR & PIR Sandwich Panels Market?
The Global PUR & PIR Sandwich Panels Market is a fascinating and complex sector of the global economy. These panels, made from polyurethane (PUR) and polyisocyanurate (PIR), are used in a variety of applications, from building construction to cold storage facilities. The market for these panels is vast and varied, with different regions and industries having different needs and preferences. In 2023, the market was valued at a staggering US$ 7354.8 million, and it's only expected to grow from there. By 2030, experts predict that the market will reach an impressive US$ 9768.9 million, representing a compound annual growth rate (CAGR) of 4.2% from 2024 to 2030. This growth is driven by a number of factors, including increasing demand for energy-efficient building materials and the growing popularity of prefabricated construction.
Thickness below 51 mm, Thickness 51 mm-100 mm, Thickness above 100mm in the Global PUR & PIR Sandwich Panels Market:
The thickness of the panels in the Global PUR & PIR Sandwich Panels Market is a crucial factor that determines their usage and application. Panels with a thickness below 51 mm are typically used in applications where space is at a premium, such as in residential buildings or small commercial spaces. These panels offer excellent thermal insulation properties, making them ideal for use in climates with extreme temperatures. On the other hand, panels with a thickness between 51 mm and 100 mm are more commonly used in larger commercial and industrial buildings. These panels offer a good balance between insulation performance and structural strength, making them suitable for a wide range of applications. Finally, panels with a thickness above 100 mm are typically used in applications that require superior thermal insulation, such as cold storage facilities or buildings located in extremely cold climates. These panels offer the highest level of thermal insulation, making them the preferred choice for these demanding applications.
Building Wall, Building Roof, Cold Storage in the Global PUR & PIR Sandwich Panels Market:
The Global PUR & PIR Sandwich Panels Market finds its usage in a variety of areas. One of the primary areas is in building walls. These panels are used as external cladding for buildings, providing both thermal insulation and an aesthetically pleasing exterior. They are also used in building roofs, where they offer excellent thermal insulation, helping to reduce energy consumption and lower heating and cooling costs. Another major area of application is in cold storage facilities. Here, the panels are used to create insulated walls and roofs, helping to maintain the required low temperatures and prevent heat loss. The use of these panels in cold storage facilities is crucial, as it helps to ensure the quality and safety of the stored goods, while also reducing energy consumption and operational costs.
Global PUR & PIR Sandwich Panels Market Outlook:
Looking at the market outlook for the Global PUR & PIR Sandwich Panels Market, it's clear that the future is bright. In 2023, the market was valued at a substantial US$ 7354.8 million. However, this is just the beginning. The market is expected to grow at a steady pace, with a projected compound annual growth rate (CAGR) of 4.2% from 2024 to 2030. By the end of this period, the market is anticipated to reach a value of US$ 9768.9 million. This growth is driven by a number of factors, including increasing demand for energy-efficient building materials and the growing popularity of prefabricated construction. As we move forward, it's clear that the Global PUR & PIR Sandwich Panels Market will continue to play a crucial role in the global economy.
| Report Metric | Details |
| Report Name | PUR & PIR Sandwich Panels Market |
| Accounted market size in 2023 | US$ 7354.8 million |
| Forecasted market size in 2030 | US$ 9768.9 million |
| CAGR | 4.2% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Kingspan, Metecno, NCI Building Systems, Assan Panel, Isopan, ArcelorMittal, TATA Steel, Romakowski, Lattonedil, Silex, Marcegaglia, Ruukki |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
