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The global structural insulated panels market size is projected to grow from USD 405 million in 2020 to USD 517 million by 2025, at a Compound Annual Growth Rate (CAGR) of 5.0%. The global structural insulated panels industry has witnessed high growth primarily because of the increasing demand for green and energy-efficient buildings worldwide. Demand for sustainable, cost-effective, and durable insulation panels for buildings, and rise in demand for cold storage applications is another key factor contributing towards the increasing growth of the structural insulated panels market over the next few years.
“In terms of both value and volume, OSB segment to lead the structural insulated panels market by 2025.”
The OSB segment is expected to lead the global structural insulated panels market by 2025. It is further projected to grow at the highest CAGR from 2020 to 2025. OSB has been extensively tested as a load bearing material, and is commonly available in large sizes. It is widely used throughout the construction industry due to its excellent load-bearing capabilities.
“In terms of both value and volume, EPS is projected to be the fastest-growing segment from 2020 to 2025, for structural insulated panels.”
EPS is projected to be the largest and the fastest-growing segment in the structural insulated panels market. Expanded Polystyrene (EPS) is the most common core material, used in more than 85% of the total structural insulated panels. It generally does not release ozone-depleting Chlorofluorocarbons (CFCs). EPS has been utilized as a cost-effective and energy-efficient insulation in construction applications.
“In terms of both value and volume, non-residential is projected to be the fastest-growing segment from 2020 to 2025, for structural insulated panels.”
Non-residential is projected to be the fastest-growing segment in the structural insulated panels market. Increase in awareness regarding the energy-efficient building concept, renovation & remodeling activities, along with considerable growth in the industrial and commercial sectors, are some of the key factors boosting the growth of the non-residential segment.
“In terms of both value and volume, the Asia Pacific structural insulated panels market is projected to grow at the highest CAGR during the forecast period.”
In terms of value and volume, the Asia Pacific region is projected to grow at the highest CAGR from 2020 to 2025. Growing population, rapid urbanization, and construction sector growth are among the key factors propelling industry expansion in the region during the forecast period. New building constructions with improved energy-efficient solutions for residential and commercial sectors in several APAC countries are fueling the demand for structural insulation panels in the region.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the structural insulation panels market.
- By Company Type: Tier 1: 35%, Tier 2: 40%, and Tier 3: 25%
- By Designation: C-level: 40%, D-level: 35%, and Others: 25%
- By Region: North America: 20%, Europe: 35%, Asia Pacific: 25%, Middle East & Africa: 15%, and South America: 5%
The global structural insulation panels market comprises major manufacturers, such as Owens Corning (US), Kingspan Group (Ireland), PFB Corporation (Canada), Alubel SpA (Italy), Enercept, Inc. (US), Foard Panel Inc. (US), Extreme Panel Technologies, Inc. (US), T. Clear Corporation (US), and Premier SIPs (US).
The market study covers the structural insulation panels market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on facing material, insulation material, application, end use, and region. The study also includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to enhance their position in the structural insulation panels market.
Key Benefits of Buying the Report
- The report is projected to help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers of the overall structural insulation panels market and its segments and sub-segments.
- This report is projected to help stakeholders understand the competitive landscape of the market and gain insights to improve the position of their businesses and plan suitable go-to-market strategies.
- The report also aims at helping stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.