Regional Insights: How the Composite Floor Panel Market Varies Across the Globe

The composite floor panels market was estimated at USD 458.2 million in 2018 and is likely to grow at a CAGR of 5.2% during 2019-2024 to reach USD 620.6 million in 2024.

A floor panel is made by layering a core material between two thin layers that provide strength in tension and are designed to withstand high compression loads. Floor panels are usually sandwich construction, mostly comprising honeycomb or foam as a core material and fiberglass, aluminum, epoxy prepreg, or phenolic prepreg as laminates. Both laminates and core assembly are bonded using adhesives and form a sandwich-structured composite construction. Laminates carry the bending load, whereas the core materials carry the shear load in a sandwich panel.