PUBLISHER: Value Market Research | PRODUCT CODE: 1377898
PUBLISHER: Value Market Research | PRODUCT CODE: 1377898
The global demand for Structural Insulation Panels Market is presumed to reach the market size of nearly USD 802.84 MN by 2030 from USD 496.17 MN in 2022 with a CAGR of 6.2% under the study period 2023 - 2030.
Structural insulated panels are building construction materials used in residential and commercial buildings. These are typically made of oriented strand board (OSB) or plywood, although other materials like cement board can also be used. These facings provide structural strength and protect the insulation core from moisture and damage. Its core is made of rigid insulation material, commonly expanded polystyrene (EPS), extruded polystyrene (XPS), or polyurethane foam. This insulation provides excellent thermal resistance, which helps buildings maintain a comfortable temperature and reduces heating and cooling energy consumption. A strong adhesive is used to bond the facings to the insulation core, creating a unified and stable panel.
The emphasis on energy efficiency and sustainability in construction has driven demand for structural insulated panels. These panels offer superior insulation, reducing heating and cooling costs, which aligns with environmentally conscious building practices. Tightening building codes and regulations, along with rising energy costs, have also propelled its adoption. Their ability to help builders meet stringent requirements and lower long-term energy bills is a compelling incentive. Moreover, structural insulated panels prefabrication speeds up construction, addressing the industry's need for quicker project completion. Improved indoor comfort, resilience to extreme weather, and contributions to green building certifications further fuel their popularity. Architects and designers appreciate the design flexibility it offers, while reduced labor costs and industry innovation make them cost-effective and appealing. Ultimately, as awareness of structural insulated panels advantages spreads, more stakeholders in the construction sector are turning to these panels to create energy-efficient, sustainable, and resilient buildings, resulting in robust growth within this market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of structural insulation panels. The growth and trends of structural insulation panels industry provide a holistic approach to this study.
This section of the structural insulation panels market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Structural Insulation Panels market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Structural Insulation Panels market include Owens Corning (US), Kingspan Group (Ireland), PFB Corporation (Canada), Foard Panel Inc. (US), Extreme Panel Technologies Inc. (US), Alubel SpA (Italy), Enercept, Inc. (US), T. Clear Corporation (US), Premier SIPs (US), and ACME Panel Company (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.