Which Key Players hold a major share of global Structural Insulated Panels Market?

Posted on 2022-08-10 by researchinsights in Chemicals // 0 Comments

San Francisco, California , USA, Aug 10, 2022 — /EPR Network/ —

Structural Insulated Panels Industry Overview

The global structural insulated panels market size was valued at USD 11.17 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.5% from 2021 to 2028.

Favorable green building standards and regulations for the adoption of building insulation materials for lowering the overall energy consumption coupled with the growing investments in the development of cold chain infrastructure across the world are the key factors that are expected to drive the market. Structural insulated panels (SIPs) are expected to gain wide acceptance globally as they are lightweight, have a better external appearance, and can improve the thermal performance of buildings. In the U.S., as per the Federal Energy Policy Act 2005, a tax credit of up to USD 2,000 is provided for builders of new energy-efficient homes that are constructed as per the standards of Federal Manufactured Homes Construction and Safety Standards.

Gather more insights about the market drivers, restrains and growth of the Global Structural Insulated Panels market

In 2020, the polystyrene product segment led the U.S. structural insulated panels market owing to robust insulation property and cost-effectiveness of polystyrene. Growing investments in the renovation of old building structures are expected to drive future product demand within the U.S. market.

Structural insulated panels are widely used in the construction of warehouses owing to their ability to reduce the overall construction time. The growth of the e-commerce industry is generating a huge demand for warehouses and last-mile delivery hubs. In addition, the establishment of local data centers by major technology companies, such as Amazon, Alibaba, Google, and Microsoft, is projected to have a positive impact on the market growth.

Structural insulated panels are fabricated at manufacturing facilities and shipped to the job site in a ready-to-install state. Metal sheets are emerging as a preferred facing material owing to their durability, fireproof property, and superior surface finish. Moreover, insulated metal panels are available in a variety of colors, thus making them suitable for direct application on building exteriors.

Raw materials used for manufacturing structural insulated panels include Polyisocyanurate (PIR), Polyurethane (PU), Expanded Polystyrene (EPS), Extruded Polystyrene (XPS), and others. All these products are downstream derivatives of crude oil. Thus, the volatile pricing of crude oil in the international market is a serious restraint to the growth of this industry.

Browse through Grand View Research’s Green Building Materials Industry Research Reports.

Wood Based Panel Market – The global wood based panel market size to be valued at USD 247.23 billion by 2027 and is expected to grow at a compound annual growth rate (CAGR) of 6.9% during the forecast period.
Cool Roof Market – The global cool roof market size to be valued at USD 27.1 billion by 2025 and is expected to grow at a compound annual growth rate (CAGR) of 5.7% during the forecast period.

Structural Insulated Panels Market Segmentation

Grand View Research has segmented the global structural insulated panels market on the basis of product, application, and region:

Structural Insulated Panels Product Outlook (Volume, Million Square Feet; Revenue, USD Million, 2017 – 2028)
- Polystyrene
- Polyurethane
- Glass Wool
- Others
Structural Insulated Panels Application Outlook (Volume, Million Square Feet; Revenue, USD Million, 2017 – 2028)
- Walls & Floors
- Roofs
- Cold Storage
Structural Insulated Panels Regional Outlook (Volume, Million Square Feet; Revenue, USD Million, 2017 – 2028)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa

Key Companies profiled:

Some prominent players in the global Structural Insulated Panels market include

Metl-Span
Kingspan Group
PFB Corporation
Isopan
KPS Global
American Insulated Panel
Structural Panels Inc.
All Weather Insulated Panels
Ingreen Systems Corp.
Owens Corning

Order a free sample PDF of the Structural Insulated Panels Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Matched content

Editor’s pick