South Korea Thermal Insulation Sandwich Panel Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.6 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The South Korea Thermal Insulation Sandwich Panel Market has experienced significant growth, with industries across various sectors increasingly recognizing the value of these panels. This market is driven by the rising need for energy-efficient building materials in the construction, automotive, and cold storage industries. The thermal insulation sandwich panels, which typically consist of two layers of metal with an insulating core, offer exceptional thermal performance, durability, and soundproofing qualities. These features make them an ideal solution for both residential and commercial applications.
In South Korea, the demand for thermal insulation sandwich panels is expanding due to the growing construction sector and the government’s emphasis on reducing carbon emissions. With energy efficiency becoming a priority, building designs are increasingly incorporating insulated materials to improve energy conservation and reduce heating and cooling costs. Additionally, the demand from the automotive sector for lightweight, insulated panels that contribute to fuel efficiency is another driving force for this market’s growth.
The thermal insulation sandwich panel market in South Korea is influenced by various factors. The primary requirement from industries is the need for superior thermal insulation properties, which are crucial in reducing energy consumption in buildings. The panels are often used in both interior and exterior applications, including walls, roofs, and floors. These products provide excellent temperature regulation, contributing to better indoor climate control and cost savings over time.
Another critical factor driving the market is the increasing adoption of green building practices. South Korea’s construction industry is increasingly focusing on environmentally friendly materials, and thermal insulation sandwich panels fit perfectly within this trend. These panels not only help in minimizing the use of energy but also ensure a comfortable living and working environment by maintaining consistent indoor temperatures throughout the year.
Additionally, cold storage facilities are among the largest users of thermal insulation sandwich panels. In industries such as food and pharmaceuticals, maintaining controlled temperatures is critical for product preservation. The insulating properties of sandwich panels allow these facilities to maintain the necessary climate while keeping energy consumption in check, making them a vital part of the supply chain infrastructure.
As the South Korean market continues to grow, both the construction and industrial sectors are increasingly reliant on high-performance thermal insulation sandwich panels. With the country’s focus on sustainability and energy efficiency, these panels are expected to play a key role in shaping the future of building design and industrial infrastructure.
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Kingspan
Metecno
Cornerstone Building Brands
Assan Panel
Isopan
ArcelorMittal
TATA Steel
Romakowski
Lattonedil
Silex
Marcegaglia
Ruukki
Italpannelli
Tonmat
Nucor Building Systems
Changzhou Jingxue
Alubel
Zhongjie Group
BCOMS
Isomec
Panelco
AlShahin
Dana Group
Multicolor
Pioneer India
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Thermal Insulation Sandwich Panel Market
Polyurethane (PUR)
Polystyrene (EPS)
Mineral Wool (MW)
Glass Wool (GW)
Other Composite Materials
Building & Construction
Cold Storage Facilities
Food & Beverage Industry
Aerospace & Automotive
Marine
Others (including petrochemical and pharmaceutical sectors)
Roof Panels
Wall Panels
Floor Panels
Facade Panels
Partition Panels
Less than 50 mm
50 mm to 100 mm
100 mm to 150 mm
More than 150 mm
Residential Buildings
Commercial Buildings
Industrial Warehouses
Refrigerated Warehouses
Cold Rooms & Freezers
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Thermal Insulation Sandwich Panel Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Thermal Insulation Sandwich Panel Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Thermal Insulation Sandwich Panel Market, By Type
6. South Korea Thermal Insulation Sandwich Panel Market, By Application
7. South Korea Thermal Insulation Sandwich Panel Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Thermal Insulation Sandwich Panel Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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