Composite Insulated Panels Market by Product, Skin Material, Application, End-Use

Description

List of Tables

[195 Pages Report] The Composite Insulated Panels Market size was estimated at USD 557.53 million in 2023 and expected to reach USD 592.38 million in 2024, at a CAGR 6.38% to reach USD 859.75 million by 2030.

Composite Insulated Panels (CIPs) are high-performance building materials used for construction and architectural applications. These panels comprise an insulating layer of rigid core sandwiched between two layers of structural material, typically metal or wood. The core material is often made of expanded polystyrene (EPS), polyurethane (PU), polyisocyanurate (PIR), or mineral wool, which provides excellent thermal insulation properties. The increasing efforts in reducing carbon footprint and rising energy costs drive the global demand for composite insulated panels. However, the fluctuating raw material prices may impede the market's growth. Nevertheless, growing smart city constructions and demand for energy-saving technologies in the construction sector are anticipated to provide numerous opportunities for developing the composite insulated panels market.

KEY MARKET STATISTICS
Base Year [2023]	USD 557.53 million
Estimated Year [2024]	USD 592.38 million
Forecast Year [2030]	USD 859.75 million
CAGR (%)	6.38%

Product: Increasing preference for extruded polystyrene foam owing to its extended thermal resistance property

Expanded Polystyrene Foam (EPS) is often utilized in composite insulated panels due to its notable lightweight properties and versatile thermal insulation performance. It is crafted from pre-expanded polystyrene beads, providing an economical and efficient product for the construction industry. EPS is mechanically robust and moisture resistant, defining its durability superiority in the industry. Extruded Polystyrene, known as XPS, offers superior and long-term thermal resistance. It provides high water resistance and strength-to-weight ratio, making it suitable for composite insulated panels. XPS is renowned for maintaining its thermal and physical properties over time, resulting in steady performance throughout the product's lifespan. The glass wool panels in composite insulated panels are constructed from fiberglass and boast superior fire resistance, soundproofing, and thermal insulation. Their eco-friendly nature, drawn from the recyclable materials used in their construction, is an additional advantage, making it a favored choice for businesses and homeowners seeking 'green' building options. Rigid Polyurethane (PUR) and Rigid Polyisocyanurate (PIR) are insulating materials demonstrating a low thermal conductivity ratio, which results in energy efficiency for buildings. Rigid polyurethane is preferred due to its enhanced insulating capacity and varying degrees of rigidity, while rigid polyisocyanurate is rapidly gaining importance due to its improved fire performance and higher working temperature range.

Skin Material: Burgeoning utilization of fiberglass reinforced panel (FRP) as it is a cost-effective material with high longevity and resilience

Continuous Fiber Reinforced Thermoplastics (CFRT) is a type of skin material lauded for its superior mechanical strength and elasticity. Compared to traditional materials, CFRT offers a higher load-bearing capacity and resists deformation under stress. These features are due to the continuous fibers within the material that evenly distribute the force traversing through the material. CFRT is also characterized by its weight advantage, as it is considerably lighter than other equivalent strength materials, lending itself well to applications where weight reduction is a factor, such as in the automotive and aerospace industries. Fiberglass Reinforced Panel (FRP) material is primarily constructed of fine strands of glass that are interwoven and bonded with a plastic matrix. It offers high strength, durability, and corrosion resistance. FRP is also recognized for its impressive dimensional stability under temperature variances, resulting in minimized expansion and contraction. This feature makes it ideal for applications in harsh and shifting environmental conditions. Most notably, FRP panels are easy to clean and maintain, posing an excellent advantage for the food processing industry and other industries prioritizing sanitation.

Application: Expanding applications of composite insulated panels in cold storage

Composite Insulated Panels (CIPs) in building roofs provide numerous benefits in terms of enhanced thermal performance, lightweight character, and optimal weather resistance. These panels are made up of a sandwich structure of two metal facings that are connected to an insulating core, and offer enhanced energy efficiency by reducing heat penetration. They provide improved insulation, and their lightweight property also ensures lesser load on the structural elements of the building. Composite Insulated Panels also offer an efficient alternative for constructing building walls. Their impressive structural integrity and thermal performance contribute to the overall insulation properties of a building's exterior shell. The application of these panels helps in achieving higher energy efficiency, resulting in the reduction of energy costs. Additionally, the panels facilitate faster construction times due to their prefabricated nature and ease of installation, resulting in cost savings in labor and construction duration. The core material of the CIPs restricts thermal transmission, thereby maintaining a regulated temperature within the cold storage facility. Temperature regulation is vital for cold storage facilities, especially in the food and pharmaceutical industries. CIPs' thermal insulation properties make them ideal for maintaining low to negative temperature ranges, thereby ensuring the preservation quality and prolonging the shelf life of stored items.

End-Use: Proliferating use of composite insulated panels in non-residential sector

The non-residential sector, including industries such as commercial, healthcare, manufacturing, and public facilities, has gravitated towards the use of composite insulated panels due to their multifunctional capabilities. Key benefits such as durability, low maintenance, and superior insulation make them a preferred choice for the construction of office buildings, hospitals, factories, and schools. CIPs prove advantageous for cold storage and food processing units due to their highly insulating properties, helping maintain specific temperatures, reducing energy costs, and fostering an eco-friendly environment. Residential usage of composite insulated panels has consistently increased due to their versatility and cost-effectiveness. They are pertinent to modern sustainable housing ideal for exterior and interior applications. Homeowners extensively employ CIPs in new home constructions and renovations for their inherent benefits.

Regional Insights

The composite insulated panels market is evolving in the Americas due to stringent building energy codes, a growing inclination towards green building practices, technological advancements, and sustainable construction methods. In Europe, the market for composite insulated panels is driven by the widespread adoption of energy efficiency directives by the European Union, mature construction industry, especially in countries such as Germany, the UK, and France, and refurbishment activities of old constructions alongside new developments. The composite insulated panels market is growing in the Middle East and Africa due to the region's hot climate and a shift towards energy-efficient building practices. Rapid industrialization, urbanization, and the rise in construction activities fuel demand for composite insulated panels. Besides, improvements in composite insulated panels to enhance their moisture barrier properties are anticipated to propel their use across end-use sectors globally.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Composite Insulated Panels Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Composite Insulated Panels Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Composite Insulated Panels Market, highlighting leading vendors and their innovative profiles. These include Al Shahin Metal Industries, ArcelorMittal S.A., Balex Metal Sp. z o.o., Cornerstone Building Brands, Inc., DANA Group of Companies, Hemsec Manufacturing Ltd., Isomec Srl, Isopan S.p.A., Jiangsu Jingxue Insulation Technology Co., Ltd., Kingspan Group, Lattonedil S.p.A., Metecno India Private Limited, Multicolor Steels (India) Pvt. Ltd., NAV-System Group, Nucor Corporation, Omnis Exteriors Ltd., Owens Corning Incorporated, PFB Corporation, Rautaruukki Oyj, Romakowski GmbH & Co. KG, Tata Steel Limited, The Riverside Company, TONMAT GROUP, Trier Insulated Panels GmbH, and Zamil Steel Pre-Engineered Buildings Co. Ltd..

Market Segmentation & Coverage

This research report categorizes the Composite Insulated Panels Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
- Expanded Polystyrene Foam
- Extruded Polystyrene Foam
- Glass Wool Panel
- Rigid Polyurethane & Rigid Polyisocyanurate Panel

Skin Material
- Continuous Fiber Reinforced Thermoplastics
- Fiberglass Reinforced Panel

Application
- Building Roof
- Building Wall
- Cold Storage

End-Use
- Non-Residential
- Residential

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Composite Insulated Panels Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Composite Insulated Panels Market?

3. What are the technology trends and regulatory frameworks in the Composite Insulated Panels Market?

4. What is the market share of the leading vendors in the Composite Insulated Panels Market?

5. Which modes and strategic moves are suitable for entering the Composite Insulated Panels Market?

Product Code: MRR-957C47F94D75

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing construction activities and adoption of green buildings
  - 5.1.1.2. Growing applications in cold storage infrastructures
  - 5.1.1.3. Rising demand for insulated panels in automotive and aerospace sector
- 5.1.2. Restraints
  - 5.1.2.1. Volatility of raw material cost used for manufacturing composite insulated panels
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing advancements in composite insulated panels
  - 5.1.3.2. Significant investments and governmental initiatives for smart cities
- 5.1.4. Challenges
  - 5.1.4.1. Inefficient moisture barrier properties and technical limitations
5.2. Market Segmentation Analysis
- 5.2.1. Product: Increasing preference for extruded polystyrene foam owing to its extended thermal resistance property
- 5.2.2. Skin Material: Burgeoning utilization of fiberglass reinforced panel (FRP) as it is a cost-effective material with high longevity and resilience
- 5.2.3. Application: Expanding applications of composite insulated panels in cold storage
- 5.2.4. End-Use: Proliferating use of composite insulated panels in non-residential sector
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Composite Insulated Panels Market, by Product

6.1. Introduction
6.2. Expanded Polystyrene Foam
6.3. Extruded Polystyrene Foam
6.4. Glass Wool Panel
6.5. Rigid Polyurethane & Rigid Polyisocyanurate Panel

7. Composite Insulated Panels Market, by Skin Material

7.1. Introduction
7.2. Continuous Fiber Reinforced Thermoplastics
7.3. Fiberglass Reinforced Panel

8. Composite Insulated Panels Market, by Application

8.1. Introduction
8.2. Building Roof
8.3. Building Wall
8.4. Cold Storage

9. Composite Insulated Panels Market, by End-Use

9.1. Introduction
9.2. Non-Residential
9.3. Residential

10. Americas Composite Insulated Panels Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Composite Insulated Panels Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Composite Insulated Panels Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Kingspan Group acquires Alaco
- 13.3.2. All Weather Insulated Panels Launches DM44 Mesa Panel
- 13.3.3. Owens Corning and Pultron Composites Form Joint Venture to Produce Fiberglass Rebar
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio