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The Thailand sandwich panel materials market size is projected to reach US$ 49.06 million by 2031 from US$ 38.03 million in 2024. The market is expected to register a CAGR of 3.9% from 2025 to 2031. The development of fire-resistant sandwich panels is likely to remain a key trend in the Thailand sandwich panel materials market.
Thailand Sandwich Panel Materials Market Analysis
The government initiatives to improve food safety and reduce post-harvest losses contribute to the adoption of advanced cold storage solutions. The need for better food security, the growing export markets in Thailand, and the growing applications of sandwich panels in cold storage facilities drive the Thailand sandwich panel materials market growth. The proliferating construction industry is expected to provide substantial growth opportunities for the Thailand sandwich panel materials market growth during the forecast period. Rapid urbanization across the country increases the need for efficient, cost-effective, and durable construction materials. To meet these demands, sandwich panels with superior thermal insulation, fire resistance, and lightweight properties are used. Their use in building modern infrastructure, including commercial buildings, residential complexes, and industrial facilities, is likely to increase significantly. According to YCP Holding’s Solidiance's report, Thailand's construction sector can take advantage of the government's massive plan to develop many economic-focused areas, which can potentially create demand for construction materials. This offers Thailand's construction players opportunities and adjusts their specialties accordingly. The advancement of the Great Mekong Sub-region (GMS) Economic Corridors presents a significant opportunity for Thailand's construction industry. With the backing of the ASEAN Development Bank (ADB), the creation of economic zones across nations traversed by the Mekong River is set to catalyze the development of critical transportation infrastructure and communication networks in the coming years.
Thailand Sandwich Panel Materials Market Overview
In Thailand, sandwich panel materials have gained significant traction in the construction industry owing to their exceptional thermal insulation. They exhibit superior durability and strength, as well as are lightweight and versatile. Sandwich panels also contribute to reducing the carbon footprint. Their insulation properties save energy, thereby aligning construction practices with sustainability goals. These advantages have promoted their adoption in residential, commercial, industrial, and institutional building projects. They are highly used in warehouses, industrial sheds, cold storage facilities, clean rooms, laboratories, office buildings, and fire-safe enclosures in Thailand.
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Thailand Sandwich Panel Materials Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Thailand Sandwich Panel Materials Market: Strategic Insights
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Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Thailand Sandwich Panel Materials Market Drivers and Opportunities
Increasing Demand for Polyurethane-Based Sandwich Panels
Thailand is undergoing rapid urbanization and infrastructure development, leading to an increased need for advanced building materials that offer efficiency and durability. Polyurethane (PU)-based panels have emerged as a preferred choice among builders and contractors owing to their superior thermal insulation, lightweight properties, and versatility in various construction applications. In addition, the versatility of PU panels in various construction applications, including roofing, wall cladding, and cold storage facilities, is driving their demand in the country. Polyurethane sandwich panels are particularly suitable for buildings that require fire-resistant structures and have varied applications in large industrial plants, garages, mobile houses, exhibition halls, gymnasiums, shopping centers, airports, power plants, hospitals, strata, and high-rise office buildings. These panels are easy to install and offer long-term performance with minimal maintenance. The growing emphasis on modernizing the construction sector in Thailand, coupled with the rising awareness of the benefits of energy-efficient materials, is accelerating the adoption of PU-based composite panels. Additionally, Thailand marks the presence of many domestic sandwich panel suppliers such as Metecno Pannelli Co Ltd, FATEK Works Co Ltd, RICCO, Prowall (Thailand) Co Ltd, Thai Syncon and Supplies Co Limited, and Kitti Manufacturing Company Limited. Therefore, the increasing demand for polyurethane-based sandwich panels fuels the growth of the Thailand sandwich panel materials market.
Proliferating Construction Industry
One of Thailand’s most ambitious initiatives is the development of the Eastern Economic Corridor, extending from Pattaya to Rayong. This strategic project is designed to drive national economic expansion, positioning Thailand as ASEAN's leading economic zone for industrial, infrastructure, and urban development. The initiative envisions the establishment of diverse industries, including automotive, electronics, digital technologies, healthcare, biofuels, biochemicals, aviation, and logistics. The construction and substantial investment in key infrastructure—such as airports, seaports, and rail networks—will be pivotal in supporting these expansive economic zones. Governments and private investors are prioritizing sustainable and energy-efficient construction methods, which aligns well with the benefits offered by sandwich panels. Moreover, the growing preference for prefabricated and modular construction in Thailand, driven by the need for faster project completion and cost savings, will likely boost the demand for sandwich panel materials during the forecast period.
Thailand Sandwich Panel Materials Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Thailand sandwich panel materials market analysis are component, application, and end use.
- Based on component, the market is segmented into core material (polyurethane, polyisocyanurate, mineral wool, expanded polystyrene, and others) and skin material (polycarbonate, fiberglass reinforced panel, aluminum, steel, and others). The skin material segment held a larger share of the market in 2024.
- In terms of application, the market is segmented into skylight, façade, cladding, outdoor, and others. The outdoor segment held the largest share of the market in 2024.
- Based on end use, the market is segmented into residential, commercial, industrial, and institutional. The residential segment held the largest share of the market in 2024.
Thailand Sandwich Panel Materials Market Share Analysis by Geography
The geographical scope of the Thailand sandwich panel materials market report focuses on the market scenario in terms of historical market revenues and forecasts.
Thailand's residential sector has seen rapid economic development in the vicinity outside Bangkok, suggesting an expansion of the condominium market. In addition, after the government's approval of the Eastern Economic Corridor, the industrial sector and urban development are aiming at making Thailand ASEAN's leading economic zone, and become a key area for foreign investment. According to BCI Central, the country’s construction industry certainly has many projects underway, with over 50% of the country’s projects currently in the construction stage. The residential sector has received attention, with over 3,300 active projects. In Northern Thailand, the residential construction sector is on an upward trend due to the growing tourism industry, which has boosted the local economy. Thus, the strong growth of the construction industry in Thailand is driving the demand for sandwich panels; this, in turn, is driving the demand for sandwich panel materials.
Thailand Sandwich Panel Materials Market Report Scope
Thailand Sandwich Panel Materials Market News and Recent Developments
Thailand sandwich panel materials market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Thailand sandwich panel materials market are listed below:
- BASF SE launched an innovative PIR (Polyisocyanurate) System with Hydrofluoroolefin (HFO) as a blowing agent. It is used for the first time in continuous sandwich panel applications. (Source: BASF SE, Press Release, February 2024)
- Sika AG completed the acquisition of MBCC Group to strengthen its footprint across all regions, reinforce its range of products and services across the entire construction life cycle, and drive the sustainable transformation of the construction industry. (Source: Sika AG, Press Release, May 2023)
Thailand Sandwich Panel Materials Market Report Coverage and Deliverables
The "Thailand Sandwich Panel Materials Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Thailand sandwich panel materials market size and forecast at country levels for all the key market segments covered under the scope
- Thailand sandwich panel materials market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed Porter's Five Forces and SWOT analysis
- Thailand sandwich panel materials market analysis covering key market trends, country framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Thailand sandwich panel materials market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The market is estimated to register a CAGR of 3.9% during 2025–2031.
The market is projected to reach US$ 49.06 million by 2031.
The development of fire-resistant sandwich panels acts as a future trend for the market.
ROCKWOOL A/S, Dow Inc, BASF SE, Sika AG, Celanese Corp, Covestro AG, Microfiber Industries Ltd, The Steel Public Company Ltd, Daicel Corporation, Nichias Corporation, Insufoam Industries (Samut Sakhon) Co Ltd, and Shandong Minye Refractory Fibre Co Ltd are among the key players operating in the Thailand sandwich panel materials market.
Growing applications of sandwich panels in cold storage facilities and increasing demand for polyurethane-based sandwich panels are among a few factors driving the market growth.
The skin materials segment dominated the market in 2024.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Thailand Sandwich Panel Materials Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Suppliers:
4.2.3 Bargaining Power of Buyers:
4.2.4 Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.3.1 Raw Material
4.3.2 Sandwich Panel Materials Manufacturers
4.3.3 Sandwich Panel Manufacturers
4.3.4 Distributors or Suppliers
4.3.5 End Use
4.3.6 List of Vendors in the Value Chain
4.4 Average Selling Price, 2024
5. Thailand Sandwich Panel Materials Market – Key Market Dynamics
5.1 Thailand Sandwich Panel Materials Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Growing Applications of Sandwich Panels in Cold Storage Facilities
5.2.2 Increasing Demand for Polyurethane-Based Sandwich Panels
5.3 Market Restraints
5.3.1 Fluctuations in Raw Material Prices
5.4 Market Opportunities
5.4.1 Proliferating Construction Industry
5.5 Future Trends
5.5.1 Development of Fire-Resistant Sandwich Panel
5.6 Impact of Drivers and Restraints:
6. Thailand Sandwich Panel Materials Market Analysis
6.1 Thailand Sandwich Panel Materials Market Volume (Thousand Sq. Meter), 2019–2031
6.2 Thailand Sandwich Panel Materials Market Volume Forecast and Analysis (Thousand Sq. Meter)
6.3 Thailand Sandwich Panel Materials Market Revenue (US$ Million), 2019–2031
6.4 Thailand Sandwich Panel Materials Market Revenue Forecast and Analysis (US$ Million)
7. Thailand Sandwich Panel Materials Market Volume and Revenue Analysis – by Component
7.1 Core Material
7.1.1 Overview
7.1.2 Core Material: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031 (Thousand Sq. Meter)
7.1.3 Core Material: Thailand Sandwich Panel Materials Market – Revenue and Forecast to 2031 (US$ Million)
7.1.4 Polyurethane
7.1.4.1 Overview
7.1.4.2 Polyurethane: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031 (Thousand Sq. Meter)
7.1.4.3 Polyurethane: Thailand Sandwich Panel Materials Market – Revenue and Forecast to 2031 (US$ Million)
7.1.5 Polyisocyanurate
7.1.5.1 Overview
7.1.5.2 Polyisocyanurate: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031 (Thousand Sq. Meter)
7.1.5.3 Polyisocyanurate: Thailand Sandwich Panel Materials Market – Revenue and Forecast to 2031 (US$ Million)
7.1.6 Mineral Wool
7.1.6.1 Overview
7.1.6.2 Mineral Wool: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031 (Thousand Sq. Meter)
7.1.6.3 Mineral Wool: Thailand Sandwich Panel Materials Market – Revenue and Forecast to 2031 (US$ Million)
7.1.7 Expanded Polystyrene
7.1.7.1 Overview
7.1.7.2 Expanded Polystyrene: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031 (Thousand Sq. Meter)
7.1.7.3 Expanded Polystyrene: Thailand Sandwich Panel Materials Market – Revenue and Forecast to 2031 (US$ Million)
7.1.8 Others
7.1.8.1 Overview
7.1.8.2 Others: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031 (Thousand Sq. Meter)
7.1.8.3 Others: Thailand Sandwich Panel Materials Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Skin Material
7.2.1 Overview
7.2.2 Skin Material: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031 (Thousand Sq. Meter)
7.2.3 Skin Material: Thailand Sandwich Panel Materials Market – Revenue and Forecast to 2031 (US$ Million)
7.2.4 Polycarbonate
7.2.4.1 Overview
7.2.4.2 Polycarbonate: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031 (Thousand Sq. Meter)
7.2.4.3 Polycarbonate: Thailand Sandwich Panel Materials Market – Revenue and Forecast to 2031 (US$ Million)
7.2.5 Fiberglass Reinforced Panel
7.2.5.1 Overview
7.2.5.2 Fiberglass Reinforced Panel: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031 (Thousand Sq. Meter)
7.2.5.3 Fiberglass Reinforced Panel: Thailand Sandwich Panel Materials Market – Revenue and Forecast to 2031 (US$ Million)
7.2.6 Aluminum
7.2.6.1 Overview
7.2.6.2 Aluminum: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031 (Thousand Sq. Meter)
7.2.6.3 Aluminum: Thailand Sandwich Panel Materials Market – Revenue and Forecast to 2031 (US$ Million)
7.2.7 Steel
7.2.7.1 Overview
7.2.7.2 Steel: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031 (Thousand Sq. Meter)
7.2.7.3 Steel: Thailand Sandwich Panel Materials Market – Revenue and Forecast to 2031 (US$ Million)
7.2.8 Others
7.2.8.1 Overview
7.2.8.2 Others: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031 (Thousand Sq. Meter)
7.2.8.3 Others: Thailand Sandwich Panel Materials Market – Revenue and Forecast to 2031 (US$ Million)
8. Thailand Sandwich Panel Materials Market Volume and Revenue Analysis – by Application
8.1 Skylight
8.1.1 Overview
8.1.2 Skylight: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031 (Thousand Sq. Meter)
8.1.3 Skylight: Thailand Sandwich Panel Materials Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Facade
8.2.1 Overview
8.2.2 Facade: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031 (Thousand Sq. Meter)
8.2.3 Facade: Thailand Sandwich Panel Materials Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Cladding
8.3.1 Overview
8.3.2 Cladding: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031 (Thousand Sq. Meter)
8.3.3 Cladding: Thailand Sandwich Panel Materials Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Outdoor
8.4.1 Overview
8.4.2 Outdoor: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031 (Thousand Sq. Meter)
8.4.3 Outdoor: Thailand Sandwich Panel Materials Market – Revenue and Forecast to 2031 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031 (Thousand Sq. Meter)
8.5.3 Others: Thailand Sandwich Panel Materials Market – Revenue and Forecast to 2031 (US$ Million)
9. Thailand Sandwich Panel Materials Market Volume and Revenue Analysis – by End Use
9.1 Residential
9.1.1 Overview
9.1.2 Residential: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031 (Thousand Sq. Meter)
9.1.3 Residential: Thailand Sandwich Panel Materials Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Commercial
9.2.1 Overview
9.2.2 Commercial: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031 (Thousand Sq. Meter)
9.2.3 Commercial: Thailand Sandwich Panel Materials Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Industrial
9.3.1 Overview
9.3.2 Industrial: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031 (Thousand Sq. Meter)
9.3.3 Industrial: Thailand Sandwich Panel Materials Market – Revenue and Forecast to 2031 (US$ Million)
9.4 Institutional
9.4.1 Overview
9.4.2 Institutional: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031 (Thousand Sq. Meter)
9.4.3 Institutional: Thailand Sandwich Panel Materials Market – Revenue and Forecast to 2031 (US$ Million)
10. Competitive Landscape
10.1 Company Positioning & Concentration
10.2 Company Market Share Analysis, 2024
11. Industry Landscape
11.1 Overview
11.2 New Product Launch
11.3 Merger and Acquisition
11.4 Collaboration
12. Company Profiles
12.1 ROCKWOOL A/S
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Dow Inc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 BASF SE
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Sika AG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Celanese Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Covestro AG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Microfiber Industries Limited
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 THE STEEL PUBLIC COMPANY LIMITED
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Daicel Corporation
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Nichias Corporation
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 Insufoam Industries (Samut Sakhon) Co., Ltd.
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
12.12 SHANDONG MINYE REFRACTORY FIBRE CO., LTD.
12.12.1 Key Facts
12.12.2 Business Description
12.12.3 Products and Services
12.12.4 Financial Overview
12.12.5 SWOT Analysis
12.12.6 Key Developments
13. Appendix
13.1 About The Insight Partners
List of Tables
Table 1. Thailand Sandwich Panel Materials Market Segmentation
Table 2. List of Vendors
Table 3. Thailand Sandwich Panel Materials Market – Volume, 2019 - 2024 (Thousand Sq. Meter)
Table 4. Thailand Sandwich Panel Materials Market – Volume, 2025 - 2031 (Thousand Sq. Meter)
Table 5. Thailand Sandwich Panel Materials Market – Revenue, 2019 - 2024 (US$ Million)
Table 6. Thailand Sandwich Panel Materials Market – Revenue, 2025 - 2031 (US$ Million)
Table 7. Thailand Sandwich Panel Materials Market – Volume, 2019 -2024(Thousand Sq. Meter) –by Component
Table 8. Thailand Sandwich Panel Materials Market – Volume, 2025 -2031 (Thousand Sq. Meter) –by Component
Table 9. Thailand Sandwich Panel Materials Market – Revenue, 2019 - 2024 (US$ Million) – by Component
Table 10. Thailand Sandwich Panel Materials Market – Revenue, 2025 - 2031 (US$ Million) – by Component
Table 11. Thailand Sandwich Panel Materials Market – Volume, 2019 -2024(Thousand Sq. Meter) –by Application
Table 12. Thailand Sandwich Panel Materials Market – Volume, 2025 -2031 (Thousand Sq. Meter) –by Application
Table 13. Thailand Sandwich Panel Materials Market – Revenue, 2019 - 2024 (US$ Million) – by Application
Table 14. Thailand Sandwich Panel Materials Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 15. Thailand Sandwich Panel Materials Market – Volume, 2019 -2024(Thousand Sq. Meter) –by End Use
Table 16. Thailand Sandwich Panel Materials Market – Volume, 2025 -2031 (Thousand Sq. Meter) –by End Use
Table 17. Thailand Sandwich Panel Materials Market – Revenue, 2019 - 2024 (US$ Million) – by End Use
Table 18. Thailand Sandwich Panel Materials Market – Revenue, 2025 - 2031 (US$ Million) – by End Use
List of Figures
Figure 1. Porter’s Five Forces Analysis
Figure 2. Ecosystem Analysis: Thailand Sandwich Panel Materials Market
Figure 3. Fluctuations in Iron Ore Prices from January 2019 to April 2023
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Thailand Sandwich Panel Materials Market Volume (Thousand Sq. Meter), 2019–2031
Figure 6. Thailand Sandwich Panel Materials Market Revenue (US$ Million), 2019–2031
Figure 7. Thailand Sandwich Panel Materials Market Share (%) – Component, 2024 and 2031
Figure 8. Core Material: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031(Thousand Sq. Meter)
Figure 9. Core Material: Thailand Sandwich Panel Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 10. Polyurethane: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031(Thousand Sq. Meter)
Figure 11. Polyurethane: Thailand Sandwich Panel Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 12. Polyisocyanurate: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031(Thousand Sq. Meter)
Figure 13. Polyisocyanurate: Thailand Sandwich Panel Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 14. Mineral Wool: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031(Thousand Sq. Meter)
Figure 15. Mineral Wool: Thailand Sandwich Panel Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 16. Expanded Polystyrene: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031(Thousand Sq. Meter)
Figure 17. Expanded Polystyrene: Thailand Sandwich Panel Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 18. Others: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031(Thousand Sq. Meter)
Figure 19. Others: Thailand Sandwich Panel Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 20. Skin Material: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031(Thousand Sq. Meter)
Figure 21. Skin Material: Thailand Sandwich Panel Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 22. Polycarbonate: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031(Thousand Sq. Meter)
Figure 23. Polycarbonate: Thailand Sandwich Panel Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 24. Fiberglass Reinforced Panel: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031 (Thousand Sq. Meter)
Figure 25. Fiberglass Reinforced Panel: Thailand Sandwich Panel Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 26. Aluminum: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031(Thousand Sq. Meter)
Figure 27. Aluminum: Thailand Sandwich Panel Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 28. Steel: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031(Thousand Sq. Meter)
Figure 29. Steel: Thailand Sandwich Panel Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 30. Others: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031(Thousand Sq. Meter)
Figure 31. Others: Thailand Sandwich Panel Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 32. Thailand Sandwich Panel Materials Market Share (%) – Application, 2024 and 2031
Figure 33. Skylight: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031(Thousand Sq. Meter)
Figure 34. Skylight: Thailand Sandwich Panel Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 35. Facade: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031(Thousand Sq. Meter)
Figure 36. Facade: Thailand Sandwich Panel Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 37. Cladding: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031(Thousand Sq. Meter)
Figure 38. Cladding: Thailand Sandwich Panel Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 39. Outdoor: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031(Thousand Sq. Meter)
Figure 40. Outdoor: Thailand Sandwich Panel Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 41. Others: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031(Thousand Sq. Meter)
Figure 42. Others: Thailand Sandwich Panel Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 43. Thailand Sandwich Panel Materials Market Share (%) – End Use, 2024 and 2031
Figure 44. Residential: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031(Thousand Sq. Meter)
Figure 45. Residential: Thailand Sandwich Panel Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 46. Commercial: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031(Thousand Sq. Meter)
Figure 47. Commercial: Thailand Sandwich Panel Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 48. Industrial: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031(Thousand Sq. Meter)
Figure 49. Industrial: Thailand Sandwich Panel Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 50. Institutional: Thailand Sandwich Panel Materials Market – Volume and Forecast to 2031(Thousand Sq. Meter)
Figure 51. Institutional: Thailand Sandwich Panel Materials Market – Revenue and Forecast to2031 (US$ Million)
Figure 52. Company Positioning & Concentration
Figure 53. Company Market Share Analysis, 2024
The List of Companies - Thailand Sandwich Panel Materials Market
- ROCKWOOL A/S
- Dow Inc
- BASF SE
- Sika AG
- Celanese Corp
- Covestro AG
- Microfiber Industries Ltd
- The Steel Public Company Ltd
- Daicel Corporation
- Nichias Corporation
- Insufoam Industries (Samut Sakhon) Co Ltd
- Shandong Minye Refractory Fibre Co Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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