Market Forecast By Core Material (Polyurethane (PUR), Expanded Polystyrene (EPS), Polyisocyanurate (PIR), Mineral Wool, Others), By Thickness Type (Below 60 mm, 60 - 100 mm, 101 - 140 mm, 141 - 180 mm, Above 180 mm), By Application (Walls and Floors, Roofs, Cold Storage), By Distribution Channel (Direct Sales, Indirect Sales), By End-use (Residential, Non-residential) And Competitive Landscape
Product Code: ETC7336937 | Publication Date: Sep 2024 | Updated Date: Mar 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 79 | No. of Figures: 23 | No. of Tables: 7 | |
Ghana Sandwich Panels Market Report thoroughly covers the market by core material, thickness type, application, distribution channel and end-use. Ghana Sandwich Panels Market Outlook report provides an unbiased and detailed analysis of the ongoing Ghana Sandwich Panels Market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.
The Ghana sandwich panels market grew during 2021-2024, largely fueled by government-driven industrialization and infrastructure expansion. The "One District, One Factory" (1D1F) initiative, designed to enhance local manufacturing, led to the creation of 169 factories nationwide during 2017-2024, many of which required warehouses, production units, and storage facilities constructed using sandwich panels for their thermal insulation, durability, and rapid installation benefits. As per July 2024 reports, 152 more factories are under construction.
Additionally, in Aug 2023, Ghanaian Government launched a Revised National Affordable Housing Program, aimed at reducing Ghana’s housing deficit of 1.8 million units, significantly increased the adoption of cost-efficient prefabricated materials to accelerate construction. Further boosting demand, the Ghana National Transport Development (NTD) Master Plan 2021-2025 prioritized logistics and cold storage facility expansion, driving the need for insulated storage spaces and refrigerated warehouses. The period also saw growth in the construction sector, bolstered by rapid urbanization, foreign direct investments (FDI) in industrial parks, and an increasing shift towards modern building technologies. The combined effect of these policies and economic factors solidified sandwich panels as a preferred alternative to traditional construction materials in Ghana’s evolving real estate and industrial sectors.
According to 6Wresearch, The Ghana Sandwich Panels Market is projected to grow at a CAGR of 4.9% in revenue and 4.0% in volume from 2025 to 2031, driven by long-term infrastructure strategies, sustainability initiatives, and regional trade expansion. The Ghana Infrastructure Plan 2018-47 outlines major investments in transport, healthcare, energy, and education, requiring fast, scalable, and cost-effective construction solutions—a niche where sandwich panels excel. The government’s Climate Action Roadmaps for Buildings and Construction would further drive the shift toward eco-friendly and energy-efficient building materials, positioning insulated panels as a sustainable alternative to concrete and metal sheets.
Moreover, Ghana’s push for renewable energy and industrial modernization would increase demand in key sectors such as cold storage logistics, prefabricated housing, and smart city developments. A major boost would also come from the African Continental Free Trade Area (AfCFTA), which would allow Ghanaian manufacturers to scale up production, reduce dependency on imports, and explore export opportunities across West Africa. With rising urban population density, increasing foreign investments, and a growing need for climate-resilient infrastructure, sandwich panels are expected to play a pivotal role in Ghana’s construction landscape well beyond 2025.
In Ghana's sandwich panels market, the Polyurethane (PUR) segment is anticipated to achieve the maximum revenue by 2031 driven by PUR's superior thermal insulation and structural strength, making it a preferred choice in construction applications. Additionally, the PUR segment is expected to experience the fastest growth between 2025 and 2031, fueled by increasing demand for energy-efficient building materials and the expansion of infrastructure projects in Ghana. These factors collectively position PUR as the leading core material in both market share and growth rate during this period.
By 2031, the 60-100 mm segment is projected to maintain its dominance in revenue and volume due to its ideal balance of cost, insulation efficiency, and structural strength, making it the most versatile choice for various applications. Urbanization and infrastructure growth in Ghana would further drive adoption. Rising energy efficiency awareness and compliance with construction standards would boost demand. Its affordability compared to thicker panels makes it the fastest-growing segment during 2025 to 2031.
By 2031, the walls and floors segment would have the maximum revenue size due to its widespread application in residential, commercial, and industrial construction. Increasing urbanization and demand for energy-efficient buildings would further drive its dominance. Its versatility and structural benefits make it the preferred choice across various sectors.
The cold storage segment would experience the fastest growth from 2025-2031, driven by the expansion of Ghana's food processing and pharmaceutical industries. Rising demand for temperature-controlled storage facilities would accelerate the adoption of high-performance sandwich panels. Government initiatives to boost agricultural exports and food security would further fuel this growth. Thus, it is advised to focus on both these segments to gain maximum competitive advantage in the market.
By 2031, the direct distribution channel is expected to maintain its dominance in revenue size, driven by ongoing infrastructure development and the preference for tailored solutions in major construction projects. However, the indirect distribution channel is anticipated to experience the fastest growth between 2025 and 2031 attributed to the expansion of retail networks and the increasing involvement of distributors and dealers, making sandwich panels more accessible to small and medium-sized enterprises and individual consumers.
By 2031, the non-residential segment would continue leading in revenue size due to Ghana’s growing industrialization and infrastructure projects. Government initiatives to boost manufacturing and trade would further drive demand for sandwich panels in factories and storage facilities.
The residential segment would see the fastest growth from 2025-2031 as awareness of prefabricated construction rises. Increasing housing demand, affordable housing projects, and a shift toward energy-efficient building materials would support this growth. Thus, it is advised to focus on both these segments to gain maximum competitive advantage in the market.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of the Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Ghana Sandwich Panels Market Overview |
3.1. Ghana Sandwich Panels Market Revenues and Volume, 2021-2031F |
3.2. Ghana Sandwich Panels Market – Industry Life Cycle |
3.3. Ghana Sandwich Panels Market – Porter’s Five Forces |
4. Ghana Sandwich Panels Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Ghana Sandwich Panels Market Trends |
6. Ghana Sandwich Panels Market Overview, By Core Material |
6.1 Ghana Sandwich Panels Market Revenue Share, By Core Material, 2024 & 2031F |
6.1.1 Ghana Sandwich Panels Market Revenues, By Polyurethane, 2021- 2031F |
6.1.2 Ghana Sandwich Panels Market Revenues, By Expanded Polystyrene , 2021- 2031F |
6.1.3 Ghana Sandwich Panels Market Revenues, By Polyisocyanurate, 2021- 2031F |
6.1.4 Ghana Sandwich Panels Market Revenues, By Mineral Wool, 2021- 2031F |
6.1.5 Ghana Sandwich Panels Market Revenues, By Others, 2021- 2031F |
7. Ghana Sandwich Panels Market Overview, By Thickness Type |
7.1. Ghana Sandwich Panels Market Revenue Share and Volume Share, By Thickness Type, 2024 & 2031F |
7.2. Ghana Sandwich Panels Market Revenues and Volume, By Thickness Type, 2021- 2031F |
7.2.1 Ghana Sandwich Panels Market Revenues and Volume, By Below 60 mm, 2021- 2031F |
7.2.2 Ghana Sandwich Panels Market Revenues and Volume, By 60 - 100 mm, 2021- 2031F |
7.2.3 Ghana Sandwich Panels Market Revenues and Volume, By 101 - 140 mm, 2021- 2031F |
7.2.4 Ghana Sandwich Panels Market Revenues and Volume, By 141 - 180 mm, 2021- 2031F |
7.2.5 Ghana Sandwich Panels Market Revenues and Volume, By Above 180 mm, 2021- 2031F |
8. Ghana Sandwich Panels Market Overview, By Application |
8.1 Ghana Sandwich Panels Market Revenue Share, By Application, 2024 & 2031F |
8.1.1 Ghana Sandwich Panels Market Revenues, By Walls and Floors, 2021- 2031F |
8.1.2 Ghana Sandwich Panels Market Revenues, By Roofs, 2021- 2031F |
8.1.3 Ghana Sandwich Panels Market Revenues, By Cold Storage, 2021- 2031F |
9. Ghana Sandwich Panels Market Overview, By Distribution Channel |
9.1 Ghana Sandwich Panels Market Revenue Share, By Distribution Channel, 2024 & 2031F |
9.1.1 Ghana Sandwich Panels Market Revenues, By Direct Sales, 2021- 2031F |
9.1.2 Ghana Sandwich Panels Market Revenues, By Indirect Sales, 2021- 2031F |
10. Ghana Sandwich Panels Market Overview, By End-use |
10.1 Ghana Sandwich Panels Market Revenue Share, By End-use, 2024 & 2031F |
10.1.1 Ghana Sandwich Panels Market Revenues, By Residential, 2021- 2031F |
10.1.2 Ghana Sandwich Panels Market Revenues, By Non Residential, 2021- 2031F |
11. Ghana Sandwich Panels Market Key Performance Indicators |
12. Ghana Sandwich Panels Market Opportunity Assessment |
12.1 Ghana Sandwich Panels Market Opportunity Assessment, By Core Material, 2031F |
12.2 Ghana Sandwich Panels Market Opportunity Assessment, By Thickness Type, 2031F |
8.1 Ghana Sandwich Panels Market Revenue Share, By Application, 2024 & 2031F |
8.1.1 Ghana Sandwich Panels Market Revenues, By Walls and Floors, 2021- 2031F |
8.1.2 Ghana Sandwich Panels Market Revenues, By Roofs, 2021- 2031F |
8.1.3 Ghana Sandwich Panels Market Revenues, By Cold Storage, 2021- 2031F |
9. Ghana Sandwich Panels Market Overview, By Distribution Channel |
9.1 Ghana Sandwich Panels Market Revenue Share, By Distribution Channel, 2024 & 2031F |
9.1.1 Ghana Sandwich Panels Market Revenues, By Direct Sales, 2021- 2031F |
9.1.2 Ghana Sandwich Panels Market Revenues, By Indirect Sales, 2021- 2031F |
10. Ghana Sandwich Panels Market Overview, By End-use |
10.1 Ghana Sandwich Panels Market Revenue Share, By End-use, 2024 & 2031F |
10.1.1 Ghana Sandwich Panels Market Revenues, By Residential, 2021- 2031F |
10.1.2 Ghana Sandwich Panels Market Revenues, By Non Residential, 2021- 2031F |
11. Ghana Sandwich Panels Market Key Performance Indicators |
12. Ghana Sandwich Panels Market Opportunity Assessment |
12.1 Ghana Sandwich Panels Market Opportunity Assessment, By Core Material, 2031F |
12.2 Ghana Sandwich Panels Market Opportunity Assessment, By Thickness Type, 2031F |
14.9 Red Sea International Company |
14.10 China Henan International Cooperation Group Co., Ltd. |
14.11 Changzhou Rising Refrigeration Technology Co.,Ltd. (Yanghu Refrigeration) |
14.12 Teknopanel Inc |
14.13 Tekop Refrigeration |
15. Key Strategic Recommendations |
16. Disclaimer |
List of Figures |
1. Ghana Sandwich Panels Market Revenues and Volume, 2021-2031F ($ Million, Thousand Tons) |
2. Ghana Percentage of Urban Population, 2021-2050F (in %) |
3. Investments Recorded By GIPC, 2022-2023 ($ Million) |
4. Ghana Infrastructure Investment Fund Investment By Projects, 2023 ($ Million) |
5. Ghana Numbers of FDA Licensed Cold Storage, By Region 2022 |
6. Ghana Sandwich Panels Market Revenue Share, By Core Material, 2024 & 2031F |
7. Ghana Sandwich Panels Market Revenue Share, By Thickness Type, 2024 & 2031F |
8. Ghana Sandwich Panels Market Volume Share, By Thickness Type, 2024 & 2031F |
9. Ghana Sandwich Panels Market Revenue Share, By Application, 2024 & 2031F |
10. Ghana Sandwich Panels Market Revenue Share, By Distribution Channel, 2024 & 2031F |
11. Ghana Sandwich Panels Market Revenue Share, By End-use, 2024 & 2031F |
12. Sector Breakdown of Wholly Ghanaian-Owned Projects Registered, By FDI Value, CY2022-CY2023 ($ Million) |
13. Ghana Numbers of Infrastructure Registered Projects, By Region 2023 |
14. Ghana GDP from Construction, Q2 2022 & Q1 2023, ($ Million) |
15. Ghana Greenfield Project Investment Value, 2021 & 2022 ($ Million) |
16. Ghana Greenfield Number of Projects, 2021 & 2022 |
17. Ghana Sandwich Panels Market Opportunity Assessment, By Core Material, 2031F |
18. Ghana Sandwich Panels Market Opportunity Assessment, By Thickness Type-Revenue Outlook, 2031F |
19. Ghana Sandwich Panels Market Opportunity Assessment, By Thickness Type-Volume Outlook, 2031F |
20. Ghana Sandwich Panels Market Opportunity Assessment, By Application, 2031F |
21. Ghana Sandwich Panels Market Opportunity Assessment, By Distribution Channel, 2031F |
22. Ghana Sandwich Panels Market Opportunity Assessment, By End-use, 2031F |
23. Ghana Sandwich Panels Market Revenue Ranking, By Companies, CY2024 |
List of Table |
1. Ghana Upcoming Infrastructure Projects, 2025E-2029F |
2. Ghana Sandwich Panels Market Revenues, By Core Material, 2021-2031F ($ Million) |
3. Ghana Sandwich Panels Market Revenues, By Thickness Type, 2021-2031F ($ Million) |
4. Ghana Sandwich Panels Market Volume, By Thickness Type, 2021-2031F (1000 Tonnes) |
5. Ghana Sandwich Panels Market Revenues, By Application, 2021-2031F ($ Million) |
6. Ghana Sandwich Panels Market Revenues, By Distribution Channel, 2021-2031F ($ Million) |
7. Ghana Sandwich Panels Market Revenues, By End-use, 2021-2031F ($ Million) |