Middle East and Africa Sandwich Panel Market Size Set to Cross USD 386.5 Million by 2029
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Middle East and Africa sandwich panel market size at USD 248.73 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Middle East and Africa sandwich panel market size to grow at a CAGR of 6.50% reaching a value of USD 386.52 million by 2029
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Middle East and Africa sandwich panel market size at USD 248.73 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Middle East and Africa sandwich panel market size to grow at a CAGR of 6.50% reaching a value of USD 386.52 million by 2029. The increasing number of commercial and industrial building projects, such as cold storage facilities and medical facilities, as well as increased attention to the buildings' appealing designs and aesthetics, are significant growth factors for the Middle East and Africa sandwich panel market.
Middle East and Africa Sandwich Panel Market – Overview
A modular construction material used to cover buildings and other structures is called sandwich paneling. These panels are made of two layers that together comprise the outside structure and provide stiffness, shape, and weather resistance. They have a core that has insulating qualities for both sound and heat. Expanded polystyrene (EPS), mineral wool, rigid polyurethane (PUR), and polyisocyanurate (PIR) are some examples of the various insulating materials that can be used to make the cores. There are several varieties of sandwich panel-facing profiles, including micro profile, linear, corrugated, smooth, stamping, and sinusoidal.
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Middle East and Africa Sandwich Panel Market
Segmental Information
Middle East and Africa Sandwich Panel Market – By Application
Based on application, the Middle East and Africa sandwich panel market is segmented into wall panels, roof panels, insulated panels, and others. The wall panels segment holds the largest share in the Middle East and Africa sandwich panel market. Sandwich panels are used in the building industry for a variety of purposes, including the construction of walls and ceilings. The main portion of the building's exterior is its walls. As a result, outside walls are crucial for energy conservation. The thickness and technical requirements of the wall panel sandwich will change depending on the insulation needs.
Impact of COVID-19 on Middle East and Africa Sandwich Panel Market
The unprecedented COVID-19 pandemic negatively impacted the growth of the Middle East and Africa sandwich panel market. The imposition of lockdown to mitigate the virus spread caused supply chain disruptions in the countries. Furthermore, the lockdown impeded the operations of the construction industry, which caused a huge shortage of labor as well as raw materials in the market. To concentrate on the healthcare industry, the construction of industrial and commercial buildings was suspended, which severely impacted the region's demand for sandwich panels.
Competitive Landscape
Major players operating in the Middle East and Africa sandwich panel market include Kingspan Group, TSSC Group, Zamil Steel, Qatar Steel Industries Factory, DANA Group, Al Ghurair Construction Industries, Emirates Building Systems, Saudi Rock Wool Factory, Qatar Insulation Company, and Frigoglass Industries Nigeria Limited
These companies employ various strategies to further enhance their market share, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
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