Structural Insulated Panels Market Size [2022-2029] Key Insights, Research Methodology, Regional Outlook and Competition Analysis

Market Overview

A structural insulated panel is a kind of panel in a sandwich structure. These are usually used in engineering industries and construction and are also known as structural insulating panels. This includes an insulating layer of rigid core sandwiched structure among a structural board of two layers. The boards are of different types, such as magnesium oxide, plywood, cement, and sheet. 

The Structural Insulated Panels Market was expected to be worth a market with a sum of USD 458.1 Million, while the significant estimation period ended in 2019. By 2028 the Structural Insulated Panels Market Share will reach USD 786.6 Million. It is predicted to experience a CAGR of 6.10%, with a worth of USD 12,368.20 Million by the end of the forecast period from 2021to to 2030. The Structural Insulated Panels share the quickly extending construction techniques that carry beneficial properties and offer the best structures for construction enclosures. The usage of the structural panels delivers light-weighted supporting structures and price-efficiency. Moreover, structural insulated panels are appropriate for bigger projects and provide benefits in terms of meeting time, which has inclined their utilization in the construction industry. Apart from that, the increasing demand for infrastructure for commercial and residential buildings has caused the usage of insulation components in buildings.

The market’s growth is hindered by unstable pricing of raw materials used to create structural insulated panels. The technological advancements in the construction field, like modular construction techniques, are anticipated to suppress the market’s growth. Environmental dangers, severe government guidelines, and a rising emphasis on renewable energy may limit the Structural Insulated Panels Market. 

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Table Of Contents

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

Continue…

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Market segmentation

Based on the product type

• Expanded Polystyrene (EPS) Panels
• Rigid Polyurethane Insulated (PUR) Panels
• Rigid Polyisocyanurate Insulated (PIR) Panels 
• Glass Wool Panels
• Other Panels (Extruded Polystyrene Foam)

Based on the end-user

• Residential
• Commercial

Based on the application

• Building walls
• Building roofs
• Building Floors
• Cold Storage

Based on the region

• North America
• US
• Canada
• Mexico

• Europe

o Germany

o UK

o France

• Asia – Pacific

o China

o Australia

o Japan

o India

o LAMEA

• Latin America

o the Middle East

o Africa

Regional analysis

The structural insulated panel market is segregated into only four regions Asia-Pacific, LAMEA, North America, and Europe. Europe had the biggest market share while the estimated period in 2019 and is estimated to come back to its position by the end of the year 2024. The existence of market players and the flourishing construction activities in this region is estimated to operate the structural insulated panel market demand. Moreover, the dominating manufacturers of the structural panel are all based in this region. The Asia-Pacific territory is predicted to witness the highest CAGR due to the quick construction activities that can obey the energy efficiency regulations and standards.

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Industrial news

In 2020, Owens Corning threw FORMULAR NGX, an innovative line of XPS foam goods that offers a 90% reduction in global warming without compromising the performance of goods. 

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