Multi-Metal Aluminum Sandwich Panels Market Report by Metal (Aluminum, Steel, Titanium, and Others), Foam Material (With Foam, Without Foam), Application (Aerospace, Architectural, Construction, Automotive and Locomotive, Marine, Chemical, Oil and Gas, and Others), and Region 2024-2032
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.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 7.1 Billion
Market Forecast in 2032
US$ 11.4 Billion
Market Growth Rate 2024-2032
5.16%
Multi-metal aluminum sandwich panels are structural components consisting of multiple layers of rigid materials bonded by a lightweight core. The panels consist of thin skin-layers that are placed together on the side of low-density core manufactured using expanded polystyrene (EPS), glass wool and polyurethane materials. Multi-metal aluminum sandwich panels are commonly utilized in the wall, roof and insulated panels and in comparison to the traditionally used building materials, they are lightweight, cost-efficient, highly durable and pre-fabricated. They also offer enhanced flexibility for modern industrial designs and advantageous soundproofing, thermoregulation and fire-resistant properties. As a result, these panels are widely used across various industries, including aerospace, construction, marine, automotive, chemical and oil and gas.
Significant growth in the construction industry across the globe is one of the key factors creating a positive outlook for the market. With the rising environmental consciousness among the masses, consumers are widely adopting energy-efficient multi-metal aluminum sandwich panels in industrial and residential complexes for improved insulation and comfort. In line with this, these pre-fabricated panels have minimal maintenance requirements and can be conveniently dismantled and moved across locations with zero wastage. Moreover, the increasing requirement for high-performance materials across industries is providing a thrust to the market growth. Various product innovations, such as the development of honeycomb core sandwich panels with shear thickening fluid (STF) fillings for flat and slightly curved surfaces, are acting as other growth-inducing factors. These panels can reduce the damage caused by hypervelocity impacts and offer enhanced strength and durability to aircraft and aerospace components. Other factors, including significant infrastructural development, especially in the developing economies, along with extensive research and development (R&D) activities, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global multi-metal aluminum sandwich panels market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on metal, foam material and application.
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
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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).
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion
Segment Coverage
Metal, Foam Material, Application, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
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)
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global multi-metal aluminum sandwich panels market was valued at US$ 7.1 Billion in 2023.
We expect the global multi-metal aluminum sandwich panels market to exhibit a CAGR of 5.16%
during 2024-2032.
The widespread adoption of energy-efficient, multi-metal aluminum sandwich panel across
industrial and residential complexes for improved insulation and comfort is currently driving the
global multi-metal aluminum sandwich panels market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across several nations resulting in temporary closure of numerous end use
industries and disrupted supply chain for multi-metal aluminum sandwich panels.
Based on the metal, the global multi-metal aluminum sandwich panels market can be categorized
into aluminum, steel, titanium, and others. Among these, aluminum currently holds the majority of
the total market share.
Based on the foam material, the global multi-metal aluminum sandwich panels market has been
segmented into with foam and without foam. Currently, with foam material exhibits clear
dominance in the market.
Based on the application, the global multi-metal aluminum sandwich panels market can be
bifurcated into aerospace, architectural, construction, automotive and locomotive, marine,
chemical, oil and gas, and others. Among these, the construction sector currently accounts for the
largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global multi-metal aluminum sandwich panels market include 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).
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