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North America Cold Storage Sandwich Panels with Polyurethane Core Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application and End-User

North America Cold Storage Sandwich Panels with Polyurethane Core Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application and End-User

  • July 2021
  • 92 pages
  • ID: 6134373
  • Format: PDF
  • The Insight Partners

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The cold storage sandwich panels with polyurethane core market in the North America was valued at US$ 956.26 million in 2021 and is projected to reach US$ 1,345.83 million by 2028; it is expected to grow at a CAGR of 5.0% from 2021 to 2028.

Sandwich panels are used for building walls and roofs cold storage and for building enclosures of industrial cold storage devices, air conditioning devices, etc.Such panels are manufactured in a continuous process of joining the insulating core with external lining, most often metal plates.

The final product is a sandwich panel consisted of several layers.Metal lining protects against weather conditions, such as rain or snow and performs decorative function.

These panels are also resistant to corrosive factors.They keep their parameters when exposed to moisture, steam, snow, chemicals, or other difficult conditions.

The core, made of polyurethane foam when joined with the lining, it becomes a barrier protecting against fire, wind, snow load, temperature, and other factors.

Based on application, the North America cold storage sandwich panels with polyurethane core market is segmented into wall panel, roof panel and others.The wall panel segment held the largest share in the North America cold storage sandwich panels with polyurethane core market in 2021.

Sandwich panel used in cold storage facilities is made up of 2 layers of weather-proof colored steel sheets integrated along with the hard forms of polyurethane to provide protection against fireproofing.Such sandwich panel preferably used in roofs and walls applications and helps to maintain temperature along with providing insulation against heat, sound along with weight-bearing and others.

Such sandwich wall panel systems used in cold storage facilities deploys the use of high-grade technology and materials and are designed to ease the construction activities with effective fixing mechanism, which, in turn, would provide an impetus for market growth.

In 2020, the US contributed to the largest share in the North America cold storage sandwich panels with polyurethane core market.The growth of the cold storage sandwich panels with polyurethane core market in this region is primarily attributed to the presence of strong industrial base along with prominent manufactures significantly contributing to market growth.

The significant demand in the food & beverages and pharmaceutical industries provide lucrative opportunities for the growth of the cold storage sandwich panels with polyurethane core market in the U.S. The rising investment for better cold storage facilities that ensure energy efficiency and sustainability has driven the demand for advanced sandwich panel materials such as polyurethane in the US.

North America is one of the worst-affected regions due to the COVID-19 pandemic.The US reported the highest number of confirmed cases of COVID-19, followed by Canada and Mexico.

The unprecedented rise in the number of COVID-19 cases across the US and Canada and the subsequent lockdown of its numerous manufacturing facilities have negatively influenced the growth of various markets.As of July 8, 2021, the total number of cases in the US has been registered to be 34,645,515 with 621,902 deaths and 29,168,313 recoveries.

With the state of economic recovery, several industrial sectors are strategically planning to invest in advanced materials and better cold storage facilities with the rising need for advanced refrigeration facilities across food & beverages, medical and pharmaceuticals, chemicals, and other such facilities.This is expected to provide an impetus to market growth.

For instance, as per a report published by CBRE, the pandemic has created massive disruptions in the food and other industries, which is expected to proliferate the demand for industrial cold storage space in the US. Before the pandemic, people were less engaged in buying perishable and edible items from online retail channels. However, the situation has been altered since the pandemic as consumers are actively involved in buying perishable products such as frozen meats and poultry through online portals. This has substantially raised the demand for advanced temperature-controlled space, thereby promoting the demand for cold storage sandwich panels based on polyurethane core in the regional market. Nevertheless, as the economies are planning to revive their operations, the demand for cold storage sandwich panels with polyurethane core is expected to rise globally. The expanding demand for cold storage sandwich panels with polyurethane core across residential, commercial, and industrial sectors is also supported by the stringent government regulations on the use of thermal insulation along with eco-friendly and energy-efficient materials. Further, the significant investment by prominent manufacturers is expected to drive the growth of the cold storage sandwich panels with polyurethane core.

Balex-Metal; Brucha Gesellschaft M.B.H.; Metl-Span; Coldmatic; Apt Industries; Innovative Composite Products Inc.; Insta-Insulation; Enerpan Building Systems Ltd.; Brdeco Group are amongst the major players operating in the North America cold storage sandwich panels with polyurethane core market.

The overall North America cold storage sandwich panels with polyurethane core market size has been derived in accordance with both primary and secondary sources.To begin the research process, exhaustive secondary research was conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

Also, multiple primary interviews were conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the North America cold storage sandwich panels with polyurethane core market.

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