Sandwich Panel Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

 In modern-day construction, the use of high-performance materials is essential. High performance entails that the material is strong, lightweight, and durable and can be used in various applications. For this reliability, sandwich panels can be one of the best options for industrial buildings.

The vast spectrum of applications includes everything from industrial building construction to insulated roof and wall panels. Sandwich panels are in high demand in industrial applications, particularly in cold storage facilities and warehouses.

The number of cold storage operations meant to extend and ensure the shelf life of fresh agricultural produce, seafood, frozen food, photographic film, chemicals, and pharmaceutical drugs is rapidly increasing.

Multinational companies' expansion of retail food chains led to increased demand for cold storage. These factors, in turn, are expected to augment the demand for sandwich panels across the globe. The sandwich panel market is anticipated to register a CAGR higher than 6% during the forecast period.

The market was negatively impacted due to the COVID-19 pandemic. Owing to the pandemic scenario, several countries around the world went into lockdown. Construction works were halted temporarily due to supply chain disruptions, lack of funds, labor shortages, and lockdown restrictions. The sandwich panels market recovered from the pandemic and is growing significantly. 

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