India Sandwich Panel Market Research Latest Findings

The India sandwich panel market is set to experience robust growth, with Persistence Market Research projecting a compound annual growth rate (CAGR) of 11.4% between 2024 and 2031. The market's value, estimated at USD 0.2 billion in 2024, is expected to double, reaching USD 0.4 billion by 2031.

This growth is primarily driven by the increasing adoption of sandwich panels in construction due to their superior thermal insulation, soundproofing, and durability. The rising demand for energy-efficient building materials, especially in industrial, commercial, and residential construction, is further fueling market expansion. With India's infrastructure sector booming and government initiatives emphasizing sustainable development, sandwich panels are becoming a preferred choice for modern construction projects.

Additionally, advancements in panel technology, including the development of eco-friendly and fire-resistant panels, are enhancing their market appeal. Sectors such as cold storage, logistics, and prefabricated buildings are witnessing increased utilization of sandwich panels due to their lightweight nature and ease of installation.

The forecast underscores significant opportunities for manufacturers and investors in the Indian market. As industries continue to prioritize efficiency and sustainability, the demand for innovative and high-performance sandwich panels is expected to surge.