• Cat-intel
  • MedIntelliX
  • Resources
  • About Us
  • Request Free Sample ×

    Kindly complete the form below to receive a free sample of this Report

    Leading companies partner with us for data-driven Insights

    clients tt-cursor
    Hero Background

    Composite Sandwich Panel Market

    ID: MRFR/CnM/23081-HCR
    111 Pages
    Chitranshi Jaiswal
    October 2025

    Composite Sandwich Panel Market Research Report By Type (Honeycomb Sandwich Panels, Foam Core Sandwich Panels, Structural Sandwich Panels), By Material (Fiber Glass Composite Sandwich Panels, Carbon Fiber Composite Sandwich Panels, Aluminum Composite Sandwich Panels), By Market (Automotive, Aerospace & Defense, Marine & Offshore, Construction & Infrastructure, Electronics), By Application (Truck & Trailer Panels, Boat Hulls & Decks, Building Facades, Wind Turbine Blades, Medical Devices) and By Regional (North America, Eu...

    Share:
    Download PDF ×

    We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

    Composite Sandwich Panel Market Infographic
    Purchase Options

    Composite Sandwich Panel Market Summary

    The Global Composite Sandwich Panel Market is projected to grow from 7.63 USD Billion in 2024 to 15.83 USD Billion by 2035, indicating robust growth potential.

    Key Market Trends & Highlights

    Composite Sandwich Panel Key Trends and Highlights

    • The market is expected to achieve a compound annual growth rate (CAGR) of 6.86% from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 15.8 USD Billion, reflecting a substantial increase from 7.63 USD Billion in 2024.
    • The growth trajectory suggests a rising demand for lightweight and durable materials across various industries.
    • Growing adoption of composite sandwich panels due to their superior insulation properties is a major market driver.

    Market Size & Forecast

    2024 Market Size 7.63 (USD Billion)
    2035 Market Size 15.83 (USD Billion)
    CAGR (2025-2035) 6.86%

    Major Players

    Kingspan Group, 3A Composites, Plascore, Gurit, Corex Technologies, Emsur, Mobility, JSP International, Evonik, Armacell, Saint-Gobain, DIAB, Owens Corning, Exel Composites, Hexcel, NMC

    Composite Sandwich Panel Market Trends

    The increased strength-to-weight ratio, greater insulating qualities, and lightweight nature of composite sandwich panels are driving up demand for them.

    Growing infrastructure spending and urbanization are driving up demand for eco-friendly and effective building materials, which is propelling the market's expansion.

    The need for these panels is further fueled by the growing acceptance of lightweight automobiles and aerospace applications.

    Novel applications and enhanced performance of composite sandwich panels are possible because to emerging technology like nanomaterials and sophisticated production techniques. Opportunities for environmentally friendly and recyclable panel designs arise from the increased focus on sustainability and environmental restrictions.

    Furthermore, panel attributes can be optimized for applications because to developments in design and simulation tools.

    The conventional aerospace and automotive industries have not been the only ones to adopt composite sandwich panels in recent years. The industries that use them the most are shipbuilding, transportation, and construction.

    Since these panels provide quick and effective construction solutions, the move toward modular and prefabricated building systems has further raised demand for them.

    Furthermore, the adoption of composite sandwich panels with strong energy-saving potential is driven by the shift towards greener construction techniques.

    The increasing demand for lightweight and energy-efficient building materials is driving innovation in the composite sandwich panel sector, reflecting a broader trend towards sustainable construction practices.

    U.S. Department of Energy

    Composite Sandwich Panel Market Drivers

    Market Growth Projections

    The Global Composite Sandwich Panel Market Industry is poised for substantial growth, with projections indicating a market value of 15.8 USD Billion by 2035. This growth trajectory reflects the increasing adoption of composite materials across various sectors, driven by their lightweight and energy-efficient properties. The anticipated compound annual growth rate of 6.86% from 2025 to 2035 underscores the industry's potential for expansion. As manufacturers innovate and adapt to changing market demands, the composite sandwich panel market is likely to evolve, presenting new opportunities for stakeholders and contributing to a more sustainable future.

    Increasing Focus on Energy Efficiency

    Energy efficiency remains a pivotal driver in the Global Composite Sandwich Panel Market Industry. Governments worldwide are implementing stringent regulations aimed at reducing energy consumption in buildings and industrial applications. Composite sandwich panels, known for their superior insulation properties, contribute significantly to energy savings. For example, buildings utilizing these panels can achieve substantial reductions in heating and cooling costs. As the market evolves, the demand for energy-efficient solutions is anticipated to grow, potentially leading to a market valuation of 15.8 USD Billion by 2035. This focus on sustainability and energy efficiency is likely to shape the industry's future.

    Diverse Applications Across Industries

    The versatility of composite sandwich panels across various industries serves as a significant driver for the Global Composite Sandwich Panel Market Industry. These panels find applications in sectors such as aerospace, automotive, marine, and construction, owing to their lightweight and high-strength characteristics. For example, in the aerospace industry, composite sandwich panels are utilized in aircraft interiors and fuselage structures, enhancing performance while reducing weight. This broad applicability is likely to sustain market growth, as the demand for innovative materials continues to rise. The industry's adaptability to different sectors positions it favorably for future expansion.

    Rising Construction Activities Globally

    The Global Composite Sandwich Panel Market Industry is significantly influenced by the rising construction activities worldwide. Urbanization and infrastructure development projects are driving the demand for efficient building materials. Composite sandwich panels are increasingly favored for their lightweight, durable, and insulating properties, making them ideal for modern construction practices. For instance, many commercial and residential projects are incorporating these panels to enhance energy efficiency and reduce construction time. This trend is expected to contribute to the market's growth, with projections indicating a valuation of 7.63 USD Billion in 2024, reflecting the industry's responsiveness to global construction demands.

    Growing Demand for Lightweight Materials

    The Global Composite Sandwich Panel Market Industry experiences a surge in demand for lightweight materials across various sectors, including construction and transportation. Lightweight panels enhance fuel efficiency in vehicles and reduce structural loads in buildings. For instance, the aerospace sector increasingly utilizes composite sandwich panels to minimize weight while maintaining structural integrity. This trend aligns with the industry's projected growth, as the market is expected to reach 7.63 USD Billion in 2024, driven by the need for energy-efficient solutions. The emphasis on lightweight materials is likely to propel the market further, as manufacturers seek to innovate and meet evolving consumer preferences.

    Technological Advancements in Manufacturing

    Technological advancements play a crucial role in the Global Composite Sandwich Panel Market Industry, facilitating the production of high-performance panels. Innovations in manufacturing processes, such as automated production lines and advanced materials, enhance the quality and efficiency of composite sandwich panels. These advancements not only reduce production costs but also improve the panels' durability and performance characteristics. As a result, manufacturers are better positioned to meet the increasing demand for customized solutions across various applications. The anticipated compound annual growth rate of 6.86% from 2025 to 2035 underscores the potential for growth driven by these technological innovations.

    Market Segment Insights

    Composite Sandwich Panel Market Type Insights

    Composite Sandwich Panel Market is segmented by Type into Honeycomb Sandwich Panels, Foam Core Sandwich Panels, and Structural Sandwich Panels.

    The Honeycomb Sandwich Panels segment is likely to dominate the market share during the given forecast, as they have a high strength-to-weight ratio and provide excellent thermal insulation.

    The Foam Core Sandwich Panels segment is also expected to grow at a steady pace as they are relatively cheap and lightweight. The structural sandwich panels segment is likely to grow at a much faster pace as there is increased demand for structural sandwich panels from the construction industry.

    Application of sandwich composite panels find their utility in various industries primarily due to their lightweight and high strength, which enables their easy integration in different systems.

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Composite Sandwich Panel Market Material Insights

    Material Insights and Overview The composite sandwich panel market segmentation by material comprises fiber glass composite sandwich panels, carbon fiber composite sandwich panels, and aluminum composite sandwich panels.

    Among these, fiberglass composite sandwich panels held the largest revenue share in 2023 and are anticipated to continue dominating the market over the forecast period of 2024 to 2032.

    This dominance is attributed to the extensive usage of fiber glass composite sandwich panels across various industries owing to their cost-effectiveness, lightweight, and high strength-to-weight ratio.

    Meanwhile, carbon fiber composite sandwich panels are gaining traction due to their exceptional strength-to-weight ratio and high stiffness, making them ideal for applications in aerospace, automotive, and other industries where weight reduction is crucial.

    Aluminum composite sandwich panels, on the other hand, offer a combination of lightweight, durability, and corrosion resistance, leading to their increasing adoption in construction, transportation, and marine applications.

    Composite Sandwich Panel Market Insights

    The Composite Sandwich Panel Market segmentation enables industry participants to understand various market dynamics and formulate strategic decisions.

    The market is segmented into five major end-use industries: Automotive, Aerospace Defense, Marine Offshore, Construction Infrastructure, and Electronics.

    The Automotive segment held the largest market share in 2023, accounting for approximately 32.5% of the revenue.

    The Aerospace Defense segment is projected to exhibit significant growth over the forecast period, owing to the increasing demand for lightweight and high-strength materials in aircraft and defense applications.

    The Marine Offshore segment is also expected to witness steady growth, driven by the growing demand for composite sandwich panels in shipbuilding and offshore construction.

    Composite Sandwich Panel Market Application Insights

    The Composite Sandwich Panel Market is segmented based on application into Truck Trailer Panels, Boat hull decks, Building Facades, Wind Turbine Blades, and Medical Devices.

    Among these, the Truck Trailer Panels segment is expected to hold the largest market share in 2023, owing to the increasing demand for lightweight and durable materials in the transportation industry.

    The Boat Hulls Decks segment is also expected to witness significant growth due to the rising popularity of composite materials in marine applications.

    The Building Facades segment is anticipated to grow steadily, driven by the increasing adoption of composite panels in architectural designs.

    The Wind Turbine Blades segment is expected to witness moderate growth due to the increasing demand for renewable energy sources. The Medical Devices segment is projected to grow at a steady pace, fueled by the rising demand for advanced materials in the healthcare industry.

    Get more detailed insights about Composite Sandwich Panel Market Research Report — Global Forecast till 2034

    Regional Insights

    The regional landscape of the Composite Sandwich Panel Market exhibits significant variations in market growth and revenue generation. North America holds a dominant market share, driven by the presence of major aerospace and defense industries and advanced manufacturing capabilities.

    The region is projected to maintain its leadership position throughout the forecast period, with a market size of USD 2.96 billion by 2024.

    Europe follows closely behind North America, with a market size of USD 2.14 billion in 2024. The region's growth is attributed to increasing demand from the automotive and construction industries.

    APAC is expected to witness the fastest growth rate during the forecast period, owing to rapid urbanization and infrastructure development in emerging economies such as China and India.

    South America and MEA represent smaller but growing markets for composite sandwich panels. The increasing adoption of lightweight materials in various industries is expected to drive growth in these regions.

    Overall, the composite sandwich panel market is poised for significant growth, driven by increasing demand from various end-use industries and advancements in manufacturing technologies.

    Composite Sandwich Panel Market Regional

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Key Players and Competitive Insights

    Major players in the Composite Sandwich Panel Market are constantly striving to gain a competitive edge by investing in research and development, expanding their product portfolios, and forming strategic partnerships.

    Leading Composite Sandwich Panel Market players are focusing on developing innovative products and technologies to meet the evolving needs of customers. The Composite Sandwich Panel Market landscape is characterized by intense competition, with several key players vying for market share.

    Some of the leading players include Kingspan Group, 3A Composites, and Plascore, among others. These players are focusing on developing and manufacturing high-quality Composite Sandwich Panels to meet the specific requirements of various industries.

    A leading company in the Composite Sandwich Panel Market is Kingspan Group. The company offers a wide range of Composite Sandwich Panels for various applications, including commercial, industrial, and residential buildings.

    Kingspan Group has a presence and is known for its innovative products and commitment to sustainability. The company's focus on research and development has enabled it to develop advanced Composite Sandwich Panels with superior performance characteristics.

    Kingspan Group's strong brand recognition and extensive distribution network have contributed to its success in the Composite Sandwich Panel Market.

    A notable competitor in the Composite Sandwich Panel Market is 3A Composites. The company offers a comprehensive range of Composite Sandwich Panels for various industries, including transportation, construction, and signage.

    3A Composites is known for its high-quality products and its commitment to providing customized solutions to meet the specific needs of customers. The company's focus on innovation has enabled it to develop advanced Composite Sandwich Panels with lightweight and durable properties.

    3A Composites' strong technical expertise and presence have contributed to its success in the Composite Sandwich Panel Market.

    Key Companies in the Composite Sandwich Panel Market market include

    Industry Developments

    Increasing demand for lightweight and durable materials in various industries, such as aerospace, automotive, and construction, is driving market growth.

    Government regulations promoting energy efficiency in buildings and the rising adoption of composite sandwich panels in renewable energy applications are further contributing to market expansion.

    Recent developments include the launch of new products with enhanced properties, such as fire resistance and sound insulation, as well as strategic collaborations and acquisitions among key players to expand market presence.

    Future Outlook

    Composite Sandwich Panel Market Future Outlook

    The Global Composite Sandwich Panel Market is projected to grow at a 6.86% CAGR from 2025 to 2035, driven by increasing demand in construction, automotive, and aerospace sectors.

    New opportunities lie in:

    • Develop eco-friendly composite materials to cater to sustainability trends.
    • Invest in advanced manufacturing technologies for cost reduction and efficiency.
    • Expand into emerging markets with tailored solutions for local industries.

    By 2035, the market is expected to achieve substantial growth, solidifying its position as a key player in various industries.

    Market Segmentation

    Composite Sandwich Panel Market Outlook

    • Automotive
    • Aerospace Defense
    • Marine Offshore
    • Construction Infrastructure
    • Electronics 

    Composite Sandwich Panel Market Type Outlook

    • Honeycomb Sandwich Panels
    • Foam Core Sandwich Panels
    • Structural Sandwich Panels 

    Composite Sandwich Panel Market Material Outlook

    • Fiber Glass Composite Sandwich Panels
    • Carbon Fiber Composite Sandwich Panels
    • Aluminum Composite Sandwich Panels 

    Composite Sandwich Panel Market Regional Outlook

    • North America
    • Europe
    • South America
    • Asia-Pacific
    • Middle East and Africa

    Composite Sandwich Panel Market Application Outlook

    • Truck Trailer Panels
    • Boat Hulls Decks
    • Building Facades
    • Wind Turbine Blades
    • Medical Devices 

    Report Scope

    Report Attribute/Metric Details
    Market Size 2024 7.63 (USD Billion)
    Market Size 2025 8.15 (USD Billion)
    Market Size 2035 15.83 (USD Billion)
    Compound Annual Growth Rate (CAGR) 6.86% (2025 - 2035)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2024
    Market Forecast Period 2025 - 2035
    Historical Data 2020 - 2024
    Market Forecast Units USD Billion
    Key Companies Profiled Gurit, Corex Technologies, Emsur,3A Composites Mobility, JSP International, Evonik, Armacell, Saint-Gobain, DIAB, Plascore, Owens Corning, Exel Composites, Kingspan, Hexcel, NMC
    Segments Covered Type, Material, Market, Application, Regional
    Key Market Opportunities Growing demand in the construction automotive, and aerospace industries Technological advancements for lightweight and durable composite panels Increasing adoption in transportation and marine applications Rising need for energy-efficient building materials Expanding applications in renewable energy sectors
    Key Market Dynamics Increased demand for lightweight vehicles Rising adoption in construction Growing popularity in the wind energy industry Technological advancements Expanding application in the marine industry
    Countries Covered North America, Europe, APAC, South America, MEA
     

    FAQs

    What is the projected market size of the composite sandwich panel market in 2023?

    The composite sandwich panel market is projected to reach a valuation of 8.15 billion USD in 2025.

    What is the anticipated CAGR of the composite sandwich panel market from 2024 to 2032?

    The composite sandwich panel market is expected to register a CAGR of 6.9% from 2025 to 2034.

    Which region is expected to hold the largest market share in the composite sandwich panel market in 2023?

    The Asia-Pacific region is expected to account for the largest market share in the composite sandwich panel market in 2023.

    What are the key applications of composite sandwich panels?

    Composite sandwich panels find applications in various industries, including transportation, construction, marine, and aerospace.

    Who are the major competitors in the composite sandwich panel market?

    Major competitors in the composite sandwich panel market include 3A Composites, Kingspan Group, and Alcan Composites USA.

    What factors are driving the growth of the composite sandwich panel market?

    The growing demand for lightweight and durable materials in various industries is driving the growth of the composite sandwich panel market.

    What are the challenges faced by the composite sandwich panel market?

    The high cost of raw materials and the lack of skilled labor pose challenges to the growth of the composite sandwich panel market.

    What are the latest trends in the composite sandwich panel market?

    The use of sustainable and eco-friendly materials is an emerging trend in the composite sandwich panel market.

    What are the growth opportunities for the composite sandwich panel market?

    The increasing adoption of composite sandwich panels in emerging economies presents growth opportunities for the composite sandwich panel market.

    What is the expected market valuation of the composite sandwich panel market in 2032?

    The composite sandwich panel market is projected to reach a valuation of 14.81 billion USD by 2034.

    Download Free Sample

    Kindly complete the form below to receive a free sample of this Report

    Case Study
    Chemicals and Materials