Multi-Metal Aluminum Sandwich Panels Market

Multi-Metal Aluminum Sandwich Panels Market Outlook - 2020–2027 

The global multi-metal aluminum sandwich panels market size was valued at $7.5 billion in 2019, and is projected to reach $11.4 billion by 2027, growing at a CAGR of 6.8% from 2020 to 2027.

The production of multi-metal aluminum sandwich panels is also likely to hamper during and after the lockdown due to non-availability of workers. According to the UNIDO, 30.0%–70.0% of pre-COVID-19 workforce of multi-metal aluminum sandwich panels manufacturing companies has migrated back to their hometowns due to uncertainties and loss of income during the lockdown. This non-availability or less availability of workforce is expected to directly affect the annual production of multi-metal aluminum sandwich panels.

A multi-metal aluminum sandwich panel is any structure made of three layers: a low-density core and a thin skin-layer together to the side of a lightweight core. There are several applications of these panels such as aerospace, architectural, construction, locomotive & automotive, marine, industrial, chemical, and oil & gas where a combination of high structural rigidity and low weight is needed. These panels are an example of a sandwich structured composite: the strength and lightness of this technology make it popular and widespread. The structure of these sandwich panel is similar to the classic I-beam, where two face sheets primarily resist the in-plane and lateral bending loads. Multi-metal aluminum sandwich panels with a core of EPS (Expanded Polystyrene), glass wool, and polyurethane are widely available in the market.

The growth factors of the multi-metal aluminum sandwich panels market include rise in demand for fast and economic construction techniques and growth in the construction industry in developing countries. rapid industrialization across the developing economies such as China, India, and Brazil has led to surge in urbanization, owing to which the construction and infrastructural development activities across these countries have been surfed significantly. Construction of residential complexes, commercial building, and setting up of new special economic zone (SEZ) is all time high in recent years. Initiatives such as “Housing for All” and “Smart City Projects” launched by the Government of India to provide houses to the people living in the rural and urban areas are expected to surge the demand for multi-metal aluminum sandwich panels from the construction industry. In addition, growing special economic zones across the developing economies is also expected to surge the demand for multi-metal aluminum sandwich panels to be used by the various industries setting up their plants in SEZ. These factors are likely to surge the demand for multi-metal aluminum sandwich panels from construction and various other industries across the developing economies during the forecast period.

However, fluctuating cost of raw materials is predicted to hamper the multi-metal aluminum sandwich panels market growth. The growth of the multi-metal aluminum sandwich panels market is restricted, owing to the escalation in the price of raw materials required for its production. The primary raw material utilized in the production of these panels is aluminum, and the raw material used in the production of aluminum is alumina. China is the largest producer of alumina in the world. Increase in alumina prices and shortage in its supply due to restrictions implemented by the Chinese government amid trade war with U.S. restrain the production of aluminum across the globe, which eventually is expected to hamper the production of multi-metal aluminum sandwich panels due to fluctuating prices and unavailability of raw material aluminum in the market. This factor is likely to restrain the growth of the market during the forecast period.

Growth in awareness for energy efficient infrastructure is major factor that is predicted to act as opportunity in the global market. Multi-metal aluminum sandwich panels are widely used in the construction industry because it is an energy-saving product and saves up to 60.0% on energy cost and provides better control over internal comfort. These panels are well insulated and any outside temperature does not affect the building. Polyurethane and expanded polystyrene panel both are lightweight products that can be easily transferred from one place to another without any problem. Furthermore, the maintenance cost of these sandwich panels is very low as they can be easily cleaned with cleaning liquid. In traditional construction, the maintenance cost is very high and not an easy task that can be done quickly. If need to dismantle the prefabricated structure then all panels can be uninstalled with zero wastage and these panels can be used somewhere else in the new structure. Owing to this, the demand for multi-metal aluminum sandwich panels is likely to surge during the forecast period.

The global multi-metal aluminum sandwich panels market analysis is done on the basis of metal, foam material, application, and region. Based on metal, the global market is segmented into aluminum, steel, titanium, and others. Based on foam material, the global multi-metal aluminum sandwich panels market is segmented into with foam and without foam. With foam multi-metal aluminum sandwich panels market is further segmented into aluminum, glass wool, expanded polystyrene, polyurethane, and others. Based on application, the global market is categorized into aerospace, architectural, construction, locomotive & automotive, marine, industrial, chemical, oil & gas, and others. Marine application is further bifurcated into military and civil. On the basis of region, the global multi-metal aluminum sandwich panels market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share in the global market, followed by North America and Europe. The major companies profiled in this report include Kingspan, Metecno, Isopan, Arcelormittal, Fischer Profil, Isomec, Gcs, Jingxue, Marcegaglia, and Dana Group.

Multi-Metal Aluminum Sandwich Panels Market, By Region

The Asia-Pacific multi-metal aluminum sandwich panels market size is projected to grow at the highest CAGR of 8.7% during the forecast period, accounting for 53.0% of market share China, Japan, and India are the highest contributing nations in the market. The region is witnessing high growth in the construction industry that fosters the demand for multi-metal aluminum sandwich panels. Moreover, increased application of the sandwich panels in automobile and locomotive industry is one of the contributors in the region’s market growth as the automotive and locomotive industry are experiencing a high demand. Moreover, growing aerospace activities and chemical industry also notably contribute in the region’s growth in the multi-metal aluminum sandwich panels market.

Multi-Metal Aluminum Sandwich Panels Market, By Metal

In 2019, the aluminum segment was the largest revenue-generating segment and is anticipated to grow at CAGR 7.3% during the forecast period.

Multi-Metal Aluminum Sandwich Panels market, By Foam Material

In 2019, the with foam segment was the largest revenue-generating segment, and is anticipated to grow at a CAGR of 7.1% during the forecast period, while the without foam segment is anticipated to grow with 5.3% CAGR during the forecast period. 

Multi-Metal Aluminum Sandwich Panels market, By Application

In 2019, construction application was the largest revenue-generating segment, and is anticipated to grow at a CAGR of 6.8% during the forecast period, while the locomotive and automotive application is anticipated to grow with 7.9% CAGR during the forecast period.

Key benefits for stakeholders

• Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
• It outlines the current multi-metal aluminum sandwich panels market trends and future estimations from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets.
• The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
• The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
• The profiles of key players and their key strategic developments are enlisted in the report.

Impact Of Covid-19 On The Global Multi-metal Aluminum Sandwich Panels Market

• The COVID-19 pandemic has negatively affected the global economy and is subsequently shrinking the GDP in global economies; thereby, changing consumer spending patterns globally.
• According to the International Monetary Fund (IMF), due to the outbreak of novel coronavirus (COVID-19) pandemic, the global economy is expected to shrink by 3.0% in 2020. Many countries are under strict lockdown, which has forced several sectors to shut down their operations. This has halted manufacturing activities and reduced the demand and production of multi-metal aluminum sandwich panel.
• According to the United Nations Industrial Development Organization (UNIDO), the Micro, Small & Medium Enterprises (MSME) sector across the developing economies, such as India, has been worst affected due to COVID-19 outbreak and the lockdown imposed thereafter. This is expected to decline the demand for multi-metal aluminum sandwich panels. In addition, in the second half of 2020, some countries have started to lift restrictions and gradually start business operations in various sectors. Even with the gradual lifting of the lockdown, it is expected to be challenging for the manufacturing sector to get back to normal working conditions. This is expected to subsequently affect the market growth in coming years.
• The production of multi-metal aluminum sandwich panels is also likely to hamper during and after the lockdown due to non-availability of workers. According to the UNIDO, 30.0%–70.0% of pre-COVID-19 workforce of multi-metal aluminum sandwich panels manufacturing companies has migrated back to their hometowns due to uncertainties and loss of income during the lockdown. This non-availability or less availability of workforce is expected to directly affect the annual production of multi-metal aluminum sandwich panels.
• According to the International Aluminum Institute (IAI), the global aluminum production on December 2019 was 5,439.0 thousand metric tons in comparison with 5,317.0 thousand metric tons in June 2020, registering a decline in production rate by 2.24%. The decline in production rate of aluminum was due to supply shortage of alumina and closure of aluminum smelters across the world due to COVID-19outbreak and amid lockdown. Due to unavailability of raw material, the production of multi-metal aluminum sandwich panels has been declined significantly during the first half of 2020.
• According to the International Aluminum Institute (IAI), in second half of 2020, the global aluminum production in July 2020 was 5,463.0 thousand metric tons in comparison with 5,694.0 thousand metric tons in December 2020, registering a growth in production rate by 4.23%. Due to surge in production of raw material aluminum and the lifting up of lockdown restriction across the developing economies to start the industrial activities is likely to surge the demand for multi-metal aluminum sandwich panels from various industry verticals and is expected to provide huge opportunities to sandwich panels manufacturers to grow and generate maximum revenue. 
• Multi-metal aluminum sandwich panel sandwich can be one of the best options for industrial buildings. The specific demand for energy in the residential and industrial buildings can be significantly reduced with modern insulation. Due to outbreak of COVID-19, the construction industry across the globe has been affected badly as large number of ongoing construction projects has been halted amid non-availability of workers and the disrupted supply chain of construction material. Therefore, the demand for multi-metal aluminum sandwich panels from the construction industry has been declined significantly. 
• The automotive industry has been affected badly amid the lockdown imposed due to the COVID-19 outbreak and has recorded decline in production of vehicles (passenger & commercial) by 20.0% in 2020. Automotive manufacturers have halted their production activities due to disrupted supply chains of automotive components and decline in demand for passenger vehicles across the globe. In addition, manufacturing of railway coaches and locomotive has been declined during the COVID-19 pandemic due to disrupted supply chain of locomotive components and non-availability of the workers. This halted the construction of high-speed locomotive coaches and front cabins of high-speed locomotives and non-structural interior panels. Further, the demand for multi-metal aluminum sandwich panels during the COVID-19 pandemic has been restrained significantly. 

Key market segments

By Metal

• Aluminum
• Steel
• Titanium
• Others

By Foam Material

• With Foam
• Aluminum
• Glass Wool
• Expanded Polystyrene
• Polyurethane
• Others
• Without Foam

By Application

• Aerospace
• Architectural
• Construction
• Locomotive & Automotive
• Marine
• Military 
• Civil
• Industrial
• Chemical
• Oil & Gas
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
• LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key players in the global multi-metal aluminum sandwich panels market are:

• Kingspan
• Metecno
• Isopan
• Arcelormittal
• Fischer Profil
• Isomec
• Gcs
• Jingxue
• Marcegaglia
• Dana Group

 Multi-Metal Aluminum Sandwich Panels Market Report Highlights