India Sandwich Panels Market

India Sandwich Panels Market, By Material Type (Mineral Wool, Expanded Polystyrene (EPS), Polyisocyanurate (PIR), Polyurethane (PUR), Others (Glass Wool, Rock Wool)); By Application (Side Wall Paneling, Facade Panels, Roof Panels, Wall Panels, Insulated Panels); By End User (Residential, Commercial, Industrial); By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2031
- Published Date: January 2025
- Report ID: BWC25054
- Available Format: PDF
- Page: 139
Report Overview
Rapid urbanization and infrastructure development, a rising demand for thermally efficient building materials, and government initiatives for green and sustainable construction are expected to drive India Sandwich Panels Market during the forecast period between 2025 and 2031.India Sandwich Panels Market – Industry Trends & Forecast Report, 2031
India Sandwich Panels Market size was estimated at USD 97.8 million in 2024. During the forecast period between 2025 and 2031, India Sandwich Panels Market size is projected to grow at a CAGR of 8.40% reaching a value of USD 162.3 million by 2031. Prominent drivers of the market include a rising demand for insulated and fire-resistant panels across industrial, commercial, and residential applications, alongside infrastructure development initiatives and a growing emphasis on energy-efficient construction. Rapid urbanization, industrialization, and the expansion of cold chain logistics in sectors like food and pharmaceuticals further fuel demand, as sandwich panels are essential for cold storage facilities. These lightweight panels offer excellent thermal insulation, making them integral to sustainable construction practices while ensuring energy efficiency and operational cost savings. Diverse product categories cater to aesthetic and functional needs, simplifying the construction process. Collaborations, such as the May 2024 partnership between WNL B.V. and Tata Steel Limited to develop durable sandwich roof panels for greenhouses, highlight innovation in the market. While utilization rates are expected to rise until 2031, gradual saturation may follow. The fragmented market, where leading players hold less than 40% share, sees companies engaging in partnerships to enhance geographic presence and capabilities. Sustainability remains a key focus, with manufacturers investing in eco-friendly materials and energy-efficient processes to meet the rising demand for green construction solutions and align with global environmental standards.
Sandwich Panels – Overview
Sandwich panels are structural composites used in construction, consisting of two outer layers bonded to a lightweight core material. The outer layers, typically made of metal, wood, or plastic, provide strength and durability, while the core, often foam or mineral wool, ensures thermal insulation and fire resistance. Known for their lightweight nature, excellent thermal performance, and structural rigidity, sandwich panels are widely used in industrial, commercial, and residential buildings. They simplify construction, reduce energy consumption, and support sustainable building practices. Available in various dimensions, finishes, and designs, these panels are integral to energy-efficient and cost-effective construction solutions.
India Sandwich Panels Market
Growth Drivers
Rising Demand for Thermally Efficient Building Materials
The growing demand for thermally efficient building materials is significantly driving the adoption of insulated sandwich panels in India. These panels, featuring a high-performance insulating core made of materials such as polyurethane (PUR), expanded polystyrene (EPS), or mineral wool, are sandwiched between two outer layers of metal or composite sheets, offering superior thermal insulation that minimizes heat loss, maintains consistent indoor temperatures, and reduces energy consumption. Their lightweight structure and ease of installation enable quicker construction timelines with lower labor costs, while their durability and ability to withstand extreme weather conditions make them suitable for diverse applications across industrial, commercial, and residential projects, including walls, roofs, ceilings, and partitions. Additionally, their noise reduction properties and aesthetically pleasing designs cater to modern architectural needs, further increasing their appeal. The expansion of sectors such as cold storage, food processing, and pharmaceuticals, combined with government initiatives promoting green and sustainable construction, has amplified the use of insulated sandwich panels, supporting environmentally friendly and cost-effective infrastructure. By aligning with global environmental standards and offering long-term operational savings, these panels have become a cornerstone of India’s construction industry, addressing the growing emphasis on energy efficiency and sustainability.
Challenges
High Initial Costs
The growth of India Sandwich Panels Market is hindered by the high initial costs associated with these products. Despite offering significant advantages such as thermal efficiency, durability, and quick installation, sandwich panels require substantial upfront investment due to the use of advanced materials like polyurethane (PUR), expanded polystyrene (EPS), or mineral wool, coupled with a complex manufacturing process that adheres to stringent quality standards. Additionally, transportation and installation costs, especially for large-scale projects, further elevate the financial burden, making these panels less accessible for small-scale builders and cost-sensitive projects. In emerging economies or rural areas, where immediate affordability often outweighs long-term benefits, traditional building materials are frequently preferred over sandwich panels. While these panels provide long-term savings through reduced energy consumption and low maintenance, the high initial expense remains a significant restraint, necessitating measures like government subsidies, financial incentives, or innovations in manufacturing technologies to lower production costs and enhance market accessibility.
Impact of Escalating Geopolitical Tensions on India Sandwich Panels Market
Escalating geopolitical tensions could significantly impact the growth of India Sandwich Panels Market by disrupting the supply chain and inflating raw material costs. Materials like steel and insulation components, often imported, may face supply delays, price volatility, or restrictions due to trade disputes or sanctions. Such disruptions can increase production costs, affecting the affordability and adoption of sandwich panels. Additionally, geopolitical uncertainties can deter foreign infrastructure investment, slowing market growth. However, they may also drive local manufacturers to innovate and strengthen domestic supply chains, partially offsetting the impact. Overall, geopolitical tensions present both challenges and opportunities for the market.
India Sandwich Panels Market
Segmental Coverage
India Sandwich Panels Market – By Material Type
Based on material type, India Sandwich Panels Market is divided into Mineral Wool, Expanded Polystyrene (EPS), Polyisocyanurate (PIR), Polyurethane (PUR), and other material types (including Glass Wool and Rock Wool) segments. The expanded polystyrene segment holds the highest share in India Sandwich Panels Market by material type. EPS sandwich panels, comprising an EPS foam core between two external facings, are widely used in walls, roofs, and floors due to their thermal insulation, lightweight design, and energy efficiency. Rising demand for sustainable, energy-efficient construction and eco-friendly materials is propelling market growth. The expanding construction sector in developing regions and government support for energy-efficient buildings further fuel demand. Additionally, EPS panels' cost-effectiveness, ease of installation, and resistance to moisture, fire, and mold have enhanced their appeal, particularly in the post-pandemic era prioritizing hygienic construction practices. Meanwhile, the polyurethane (PUR) segment is expected to maintain its dominance during the forecast period. PUR is preferred due to its cost-effectiveness, lightweight design, and exceptional thermal insulation, enhancing energy efficiency in residential and industrial construction. Its durability and ease of installation make it suitable for walls, roofs, and cold storage facilities, catering to diverse infrastructure needs. Additionally, its adaptability to various climate conditions ensures steady demand across regions, solidifying its position as the leading material in the India Sandwich Panels Market.
India Sandwich Panels Market – By Application
On the basis of application, India Sandwich Panels Market is divided into Side Wall Paneling, Facade Panels, Roof Panels, Wall Panels, and Insulated Panels segments.
India Sandwich Panels Market – By End User
India Sandwich Panels Market by end user is divided into Residential, Commercial, and Industrial segments.
India Sandwich Panels Market – By Region
The in-depth research report on India Sandwich Panels Market covers the market in the country’s major regions: North India, South India, East India, and West India regions. South India holds the highest share in India Sandwich Panels Market and is expected to maintain its dominance during the forecast period. It is primarily due to the rising construction demand in Southern India, particularly in cities like Bengaluru and Chennai. Increased residential construction, government investment in infrastructure projects, and public-private housing collaborations are bolstering the region's building and construction industry, thereby supporting the market. For instance, in November 2024, AmberResojet Private Limited announced plans to invest USD 29.5 million in manufacturing facilities in Telangana, including an advanced PCB production unit. This surge in construction projects across Southern India highlights the expanding demand for building products, further propelling the growth of the Sandwich Panels Market.
Competitive Landscape
Major players operating in India Sandwich Panels Market include EPACK Prefab, ISOPAN SPA, SILEX, Metecno India Private Limited, KINGSPAN GROUP PLC, Alfapebltd, Isotherm Puf Panel Private Limited, KoreaPuf, Engko Engineering Company, and Kingspan Jindal. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Recent Developments
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In January 2025 - Hexpressions announced that it had built 50 structures and its plans to create 500 more across India in the next five years, showcasing the immense potential of sandwich panels in sustainable housing solutions.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2031 |
Base Year – 2024 |
|
Estimated Year – 2025 |
|
Forecast Period – 2025–2031 |
|
Facts Covered |
Revenue in USD Million |
Market Coverage |
India |
Product/ Service Segmentation |
Material, Application, End User, Region |
Key Players |
EPACK Prefab, ISOPAN SPA, SILEX, Metecno India Private Limited, KINGSPAN GROUP PLC, Alfapebltd, Isotherm Puf Panel Private Limited, KoreaPuf, Engko Engineering Company, Kingspan Jindal |
By Material Type
-
Mineral Wool
-
Expanded Polystyrene (EPS)
-
Polyisocyanurate (PIR)
-
Polyurethane (PUR)
-
Others (Glass Wool, Rock Wool)
By Application
-
Side Wall Paneling
-
Facade Panels
-
Roof Panels
-
Wall Panels
-
Insulated Panels
By End User
-
Residential
-
Commercial
-
Industrial
By Region
-
North India
-
South India
-
East India
-
West India
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- India Sandwich Panels Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Rapid urbanization and infrastructure development
- Rising demand for thermally efficient building materials
- Government initiatives for green and sustainable construction
- Restraints
- High Initial Costs
- Limited awareness in rural areas
- Fluctuating Applications of steel and insulation materials
- Opportunities
- Innovations in lightweight and eco-friendly materials
- Expansion of construction sector
- Challenges
- Lack of trained personnel for installation.
- Availability of alternative construction materials.
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- India Sandwich Panels Market: Marketing Strategies
- India Sandwich Panels Market: Pricing Analysis
- India Sandwich Panels Market Overview
- Market Size & Forecast, 2019–2031
- By Value (USD Million)
- Market Share & Forecast
- By Material Type
- Mineral Wool
- Expanded Polystyrene (EPS)
- Polyisocyanurate (PIR)
- Polyurethane (PUR)
- Others (Glass Wool, Rock Wool)
- By Application
- Side Wall Paneling
- Facade Panels
- Roof Panels
- Wall Panels
- Insulated Panels
- By End User
- Residential
- Commercial
- Industrial
- By Region
- North India
- South India
- East India
- West India
- By Material Type
- Market Size & Forecast, 2019–2031
- North India Sandwich Panels Market
- Market Size & Forecast, 2019–2031
- By Value (USD Million)
- Market Share & Forecast
- By Material Type
- By Application
- By End User
- Market Size & Forecast, 2019–2031
- South India Sandwich Panels Market
- Market Size & Forecast, 2019–2031
- By Value (USD Million)
- Market Share & Forecast
- By Material Type
- By Application
- By End User
- Market Size & Forecast, 2019–2031
- East India Sandwich Panels Market
- Market Size & Forecast, 2019–2031
- By Value (USD Million)
- Market Share & Forecast
- By Material Type
- By Application
- By End User
- Market Size & Forecast, 2019–2031
- West India Sandwich Panels Market
- Market Size & Forecast, 2019–2031
- By Value (USD Million)
- Market Share & Forecast
- By Material Type
- By Application
- By End User
- Market Size & Forecast, 2019–2031
- Competitive Landscape
- List of Key Players and Their Offerings
- India Sandwich Panels Company Market Share Analysis, 2024
- Competitive Benchmarking, By Operation Channel Parameters
- Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Escalating Geopolitical Tensions in India Sandwich Panels Market
- Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- EPACK Prefab
- ISOPAN SPA
- SILEX
- Metecno India Private Limited
- KINGSPAN GROUP PLC
- Alfapebltd
- Isotherm Puf Panel Private Limited
- KoreaPuf
- Engko Engineering Company
- Kingspan Jindal
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumption & Limitation
- Qualitative Research
*Financial information of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
Figure 1 India Sandwich Panels Market Segmentation
Figure 2 India Sandwich Panels Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2024
Figure 4 India Sandwich Panels Market Size, By Value (USD Million), 2019–2031
Figure 5 India Sandwich Panels Market Share, By Material Type, By Value (USD Million) 2019–2031
Figure 6 India Sandwich Panels Market Share, By Application, By Value (USD Million) 2019–2031
Figure 7 India Sandwich Panels Market Share, By End User, By Value (USD Million) 2019–2031
Figure 8 India Sandwich Panels Market Share, By Region, By Value (USD Million) 2019–2031
Figure 9 North India Sandwich Panels Market Size, By Value (USD Million), 2019–2031
Figure 10 North India Sandwich Panels Market Share, By Material Type, By Value (USD Million) 2019–2031
Figure 11 North India Sandwich Panels Market Share, By Application, By Value (USD Million) 2019–2031
Figure 12 North India Sandwich Panels Market Share, By End User, By Value (USD Million) 2019–2031
Figure 13 South India Sandwich Panels Market Size, By Value (USD Million), 2019–2031
Figure 14 South India Sandwich Panels Market Share, By Material Type, By Value (USD Million) 2019–2031
Figure 15 South India Sandwich Panels Market Share, By Application, By Value (USD Million) 2019–2031
Figure 16 South India Sandwich Panels Market Share, By End User, By Value (USD Million) 2019–2031
Figure 17 East India Sandwich Panels Market Size, By Value (USD Million), 2019–2031
Figure 18 East India Sandwich Panels Market Share, By Material Type, By Value (USD Million) 2019–2031
Figure 19 East India Sandwich Panels Market Share, By Application, By Value (USD Million) 2019–2031
Figure 20 East India Sandwich Panels Market Share, By End User, By Value (USD Million) 2019–2031
Figure 21 West India Sandwich Panels Market Size, By Value (USD Million), 2019–2031
Figure 22 West India Sandwich Panels Market Share, By Material Type, By Value (USD Million) 2019–2031
Figure 23 West India Sandwich Panels Market Share, By Application, By Value (USD Million) 2019–2031
Figure 24 West India Sandwich Panels Market Share, By End User, By Value (USD Million) 2019–2031
List of Tables
Table 1 India Sandwich Panels Market Size, By Value (USD Million), 2019–2031
Table 2 India Sandwich Panels Market Share, By Material Type, By Value (USD Million) 2019–2031
Table 3 India Sandwich Panels Market Share, By Application, By Value (USD Million) 2019–2031
Table 4 India Sandwich Panels Market Share, By End User, By Value (USD Million) 2019–2031
Table 5 India Sandwich Panels Market Share, By Region, By Value (USD Million) 2019–2031
Table 6 North India Sandwich Panels Market Size, By Value (USD Million), 2019–2031
Table 7 North India Sandwich Panels Market Share, By Material Type, By Value (USD Million) 2019–2031
Table 8 North India Sandwich Panels Market Share, By Application, By Value (USD Million) 2019–2031
Table 9 North India Sandwich Panels Market Share, By End User, By Value (USD Million) 2019–2031
Table 10 South India Sandwich Panels Market Size, By Value (USD Million), 2019–2031
Table 11 South India Sandwich Panels Market Share, By Material Type, By Value (USD Million) 2019–2031
Table 12 South India Sandwich Panels Market Share, By Application, By Value (USD Million) 2019–2031
Table 13 South India Sandwich Panels Market Share, By End User, By Value (USD Million) 2019–2031
Table 14 East India Sandwich Panels Market Size, By Value (USD Million), 2019–2031
Table 15 East India Sandwich Panels Market Share, By Material Type, By Value (USD Million) 2019–2031
Table 16 East India Sandwich Panels Market Share, By Application, By Value (USD Million) 2019–2031
Table 17 East India Sandwich Panels Market Share, By End User, By Value (USD Million) 2019–2031
Table 18 West India Sandwich Panels Market Size, By Value (USD Million), 2019–2031
Table 19 West India Sandwich Panels Market Share, By Material Type, By Value (USD Million) 2019–2031
Table 20 West India Sandwich Panels Market Share, By Application, By Value (USD Million) 2019–2031
Table 21 West India Sandwich Panels Market Share, By End User, By Value (USD Million) 2019–2031
Table 22 EPACK Prefab Company Overview
Table 23 EPACK Prefab Financial Overview
Table 24 ISOPAN SPA Company Overview
Table 25 ISOPAN SPA Financial Overview
Table 26 SILEX Company Overview
Table 27 SILEX Financial Overview
Table 28 Metecno India Private Limited Company Overview
Table 29 Metecno India Private Limited Financial Overview
Table 30 KINGSPAN GROUP PLC Company Overview
Table 31 KINGSPAN GROUP PLC Financial Overview
Table 32 Alfapebltd Company Overview
Table 33 Alfapebltd Financial Overview
Table 34 Isotherm Puf Panel Private Limited Company Overview
Table 35 Isotherm Puf Panel Private Limited Financial Overview
Table 36 KoreaPuf Company Overview
Table 37 KoreaPuf Financial Overview
Table 38 Engko Engineering Company: Company Overview
Table 39 Engko Engineering Company Financial Overview
Market Segmentation
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