East Africa Sandwich Panel Market Size and Forecast, Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Material, Application, End Use, and Country

The East Africa sandwich panel market is expected to grow from US$ 223.74 million in 2023 and is projected to reach US$ 306.69 million by 2031; it is expected to register a CAGR of 4.0% from 2023 to 2031.

The proliferating construction industry is expected to provide substantial growth opportunities for the East Africa sandwich panel market growth during the forecast period. Rapid urbanization across the region 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 expected to rise significantly. For instance, according to Kenya's Economic Survey 2023, released on May 2023, the number of building plans approved in Nairobi increased by 58%.

Nigeria-based W Hospitality Group's annual report stated that Kenya expects to open 25 new international hotel brands FY 2023-2024, along with ongoing developments regarding the addition of more than 3,700 hotel rooms to existing hotels. A few prominent hotel brands implementing or planning to use sandwich panels in their construction projects include Accor, Aleph, Best Western, CityBlue, Dusit, Hilton, Hyatt, JW Marriott, Pullman, and Swiss International. In East Africa, investments are being made in large-scale infrastructure projects involving airports, shopping malls, and industrial parks.

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 East Africa, driven by the need for faster project completion and cost savings, will likely boost the demand for sandwich panels. These panels are integral to prefab buildings due to their ease of installation and durability, making them a preferred choice in this rapidly expanding construction landscape.

A few key players operating in the East Africa sandwich panel market are Insulation Materials Kenya Ltd, Gypsum Ceiling Supplies Ltd, DTH Prefab, ArcelorMittal SA, Knauf Group, Tata Steel Ltd, Assan Panel A.Ş., Harwal Group of Companies, Kaylite Zambia Ltd, and Ghosh Group. Players operating in the market are highly focused on developing high-quality and innovative product offerings to fulfill customers' requirements.

The overall East Africa sandwich panel market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers - along with external consultants, such as valuation experts, research analysts, and key opinion leaders - specializing in the East Africa sandwich panel market.