Global Polyisocyanurate Foam (PIR) Sandwich Panel Market Size To Worth USD 1612.20 Million by 2033 | CAGR of 7.70%

Global Polyisocyanurate Foam (PIR) Sandwich Panel Market Size To Worth USD 1612.20 Million by 2033

According to a research report published by Spherical Insights & Consulting, the Global Polyisocyanurate Foam (PIR) Sandwich Panel Market Size is Expected to Grow from USD 767.90 Million in 2023 to USD 1612.20 Million by 2033, at a CAGR of 7.70% during the forecast period 2023-2033.

A polyisocyanurate foam (PIR) sandwich panel is a type of building material commonly used in construction for its excellent thermal insulation properties. Sandwich panels utilize polyisocyanurate foam (PIR) because of its strong fire and moisture resistance. It is lightweight, increases structural strength, and is simple to install. Energy-efficient buildings are in greater demand, and polyisocyanurate foam PIR sandwich panels are becoming more widely known for their advantages. The market for polyisocyanurate (PIR) foam sandwich panels is driven by several factors, including the panels' superior thermal insulation, which increases energy efficiency and enables compliance with strict building rules and regulations meant to improve energy performance. However, the polyisocyanurate (PIR) foam sandwich panel market confronts numerous constraining issues including high starting prices can be a hurdle for some projects, particularly in budget-conscious segments.

The thickness below 51 mm segment is predicted to hold the largest market share through the forecast period.

Based on the product type, the polyisocyanurate foam (PIR) sandwich panel market is classified into thickness below 51 mm, thickness 51 mm-100 mm, and thickness above 100 mm. Among these, the thickness below 51 mm segment is predicted to hold the largest market share through the forecast period. Thickness below 51 mm panels dominates due to their cost-effectiveness, versatility, and ease of installation, making them a preferred choice for a wide range of applications such as walls, ceilings, and roofing systems.

The building roof segment is anticipated to hold the highest market share during the projected timeframe.   

Based on the application, the polyisocyanurate foam (PIR) sandwich panel market is divided into building wall, building roof, and cold storage. Among these, the building roof segment is anticipated to hold the highest market share during the projected timeframe. The domination of the building roof segment is attributed to PIR panels' superior thermal insulation capabilities, which improve energy efficiency by reducing heat transfer.

Asia Pacific is estimated to hold the largest share of the polyisocyanurate foam (PIR) sandwich panel market over the forecast period.

Asia Pacific is estimated to hold the largest share of the polyisocyanurate foam (PIR) sandwich panel market over the forecast period. The Asia-Pacific area dominates due to rising urbanization, major infrastructure development, and increased industrial activity. The region's robust economic growth and severe energy efficiency rules drive up demand for polyisocyanurate foam (PIR) materials.

North America is predicted to have the highest CAGR growth in the polyisocyanurate foam (PIR) sandwich panel market over the forecast period. The rapid expansion is attributed to rising construction and renovation operations, strict building rules, and a significant emphasis on energy efficiency.

Major key players in the polyisocyanurate foam (PIR) sandwich panel market include Kingspan, Metecno, NCI Building Systems, Assan Panel, Isopan, ArcelorMittal, TATA Steel, Romakowski, Lattonedil, Silex, Marcegaglia, Ruukki, Italpannelli, Tonmat, Nucor Building Systems, Changzhou Jingxue, Alubel, Zhongjie Group, BCOMS, TENAX PANEL, and Others.

Recent Developments

• In May 2021, Pearl Polyurethane Systems LLC, a Dubai-based system house, started a new R&D program in the Middle East to improve continuous sandwich panel designs and introduce innovative solutions to the market.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the polyisocyanurate foam (PIR) sandwich panel market based on the below-mentioned segments:

Global Polyisocyanurate Foam (PIR) Sandwich Panel Market, By Product Type

• Thickness Below 51 mm
• Thickness 51 mm-100 mm
• Thickness Above 100 mm

Global Polyisocyanurate Foam (PIR) Sandwich Panel Market, By Application

• Building Wall
• Building Roof
• Cold Storage

Global Polyisocyanurate Foam (PIR) Sandwich Panel Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

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