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PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1685091

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PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1685091

Structural Insulation Panels (SIP) Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034

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The Global Structural Insulation Panels Market, valued at USD 593.1 million in 2024, is set to expand at a CAGR of 6.5% between 2025 and 2034. This steady growth is fueled by rising demand for energy-efficient building materials and an industry-wide shift toward sustainable construction. Governments worldwide are encouraging green building certifications and implementing stringent energy codes, further driving the adoption of SIPs. With urbanization on the rise and a growing need for affordable housing, SIPs are gaining popularity for their ability to accelerate construction while enhancing energy efficiency.

Structural Insulation Panels (SIP) Market - IMG1

Technological advancements in material science and manufacturing have made SIPs more adaptable and cost-effective, allowing for customized solutions across various architectural applications. As sustainability becomes a global priority, industries and consumers are favoring eco-friendly construction methods that help lower carbon footprints. The expanding market for SIPs reflects this trend, as these panels offer superior insulation, structural integrity, and faster installation, reducing labor and material costs. Additionally, SIPs contribute to significant energy savings, making them an attractive solution for residential, commercial, and industrial projects.

Market Scope
Start Year2024
Forecast Year2025-2034
Start Value$593.1 Million
Forecast Value$1.09 Billion
CAGR6.5%

The market is segmented by type into Stone Wool, Glass Wool, XPS, Phenolics, PU/PIR, EPS, and Flexible Insulation. The EPS (Expanded Polystyrene) segment led the market with a valuation of USD 200.4 million in 2024 and is projected to grow at a CAGR of 7.4% through 2034. EPS remains a preferred choice due to its exceptional thermal insulation, lightweight nature, and cost efficiency. It is widely utilized in residential, commercial, and industrial settings to create energy-efficient building envelopes that lower heating and cooling costs. The versatility of EPS insulation makes it suitable for various climate conditions, increasing its adoption in new construction and retrofit projects.

By application, the SIP market is categorized into Walls, Roofs, and Floors. The walls segment dominated with a 61.8% share in 2024 and is expected to grow at a CAGR of 7% between 2025 and 2034. The roof segment is anticipated to grow at a CAGR of 5.9% over the same period. Increasing regulatory compliance with energy-efficient construction standards is a key driver behind the adoption of insulated wall panels. These panels significantly reduce heat transfer, enhance structural durability, and optimize energy consumption, making them an essential component for both new developments and renovation projects.

In the United States, the structural insulation panels market was worth USD 162.1 million in 2024 and is set to grow at a CAGR of 7.1% through 2034. Federal incentives promoting energy-efficient buildings have strengthened demand, positioning SIPs as a top choice for contractors. In regions with extreme weather conditions, SIPs provide superior thermal resistance and durability, ensuring long-term energy savings. The growing preference for modular and prefabricated buildings further drives the adoption of SIPs, as they facilitate quick assembly while maintaining high-performance standards. The rising awareness of green construction practices and energy-efficient technologies continues to propel the growth of the U.S. SIPs market, solidifying its role in the future of sustainable building solutions.

Product Code: 2452

Table of Contents

Chapter 1 Methodology & Scope

  • 1.1 Market scope & definitions
  • 1.2 Base estimates & calculations
  • 1.3 Forecast calculations.
  • 1.4 Data sources
    • 1.4.1 Primary
    • 1.4.2 Secondary
      • 1.4.2.1 Paid sources
      • 1.4.2.2 Public sources

Chapter 2 Executive Summary

  • 2.1 Industry synopsis, 2021-2034

Chapter 3 Industry Insights

  • 3.1 Industry ecosystem analysis
    • 3.1.1 Factor affecting the value chain.
    • 3.1.2 Profit margin analysis.
    • 3.1.3 Disruptions
    • 3.1.4 Future outlook
    • 3.1.5 Manufacturers
    • 3.1.6 Distributors
  • 3.2 Supplier landscape
  • 3.3 Profit margin analysis
  • 3.4 Key news & initiatives
  • 3.5 Regulatory landscape
  • 3.6 Impact forces
    • 3.6.1 Growth drivers
      • 3.6.1.1 Rising demand for energy-efficient buildings
      • 3.6.1.2 Increasing government initiatives for sustainable construction
      • 3.6.1.3 Growing focus on reducing construction time and costs
    • 3.6.2 Industry pitfalls & challenges
      • 3.6.2.1 High initial costs of SIPs
      • 3.6.2.2 Limited availability of skilled labor for SIP installation
  • 3.7 Growth potential analysis
  • 3.8 Technology overview
  • 3.9 Porter’s analysis
  • 3.10 PESTEL analysis

Chapter 4 Competitive Landscape, 2024

  • 4.1 Introduction
  • 4.2 Company market share analysis
  • 4.3 Competitive positioning matrix
  • 4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Product Type, 2021-2034 (USD Million) (Thousand Square Meters)

  • 5.1 Key trends
  • 5.2 Glass Wool
  • 5.3 Stone Wool
  • 5.4 EPS
  • 5.5 XPS
  • 5.6 Phenolics
  • 5.7 PU/PIR
  • 5.8 Flexible Insulation

Chapter 6 Market Estimates & Forecast, By Sheathing Type, 2021-2034 (USD Million) (Thousand Square Meters)

  • 6.1 Key trends
  • 6.2 Oriented Strand Board (OSB)
  • 6.3 Sheet Metal
  • 6.4 Plywood
  • 6.5 Others

Chapter 7 Market Estimates & Forecast, By Application, 2021-2034 (USD Million) (Thousand Square Meters)

  • 6.1 Key trends
  • 6.2 Walls
  • 6.3 Roofs
  • 6.4 Floors

Chapter 8 Market Estimates & Forecast, By End Use, 2021-2034 (USD Million) (Thousand Square Meters)

  • 8.1 Key trends
  • 8.2 Residential
  • 8.3 Commercial
  • 8.4 Non-Building

Chapter 9 Market Estimates & Forecast, By Region, 2021-2034 (USD Million) (Thousand Square Meters)

  • 9.1 Key trends
  • 9.2 North America
    • 9.2.1 U.S.
    • 9.2.2 Canada
  • 9.3 Europe
    • 9.3.1 UK
    • 9.3.2 Germany
    • 9.3.3 France
    • 9.3.4 Italy
    • 9.3.5 Spain
  • 9.4 Asia Pacific
    • 9.4.1 China
    • 9.4.2 Japan
    • 9.4.3 India
    • 9.4.4 South Korea
    • 9.4.5 Australia
    • 9.4.6 Malaysia
    • 9.4.7 Indonesia
  • 9.5 Latin America
    • 9.5.1 Brazil
    • 9.5.2 Mexico
  • 9.6 MEA
    • 9.6.1 UAE
    • 9.6.2 Saudi Arabia
    • 9.6.3 South Africa

Chapter 10 Company Profiles

  • 10.1 ACME PANEL
  • 10.2 Cornerstone Building Brands
  • 10.3 Eagle Panel Systems, Inc.
  • 10.4 Enercept Inc.
  • 10.5 Foam Laminates
  • 10.6 Foard Panel Inc.
  • 10.7 Future Building of America
  • 10.8 Kingspan Group
  • 10.9 Lattonedil Spa Milano
  • 10.10 METECNO
  • 10.11 Owens Corning
  • 10.12 PFB Corporation
  • 10.13 Rautaruukki Corporation
  • 10.14 T Clear Corporation
  • 10.15 The Murus Company
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Christine Sirois

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