Press release
Structural Insulation Panels Market 2024 | Top Key Players - J-Deck Inc., Nohara, T. Clear Corporation, Foard Panel, ICS Eco-SIPs, Murus Company, Future Building of America, Kingspan, Metecno, Isopan, ArcelorMittal
MarketStudyReport.com Adds New Structural Insulation Panels Market Report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, and forecast in the coming years.Asia Pacific is expected to hold over 16% of the structural insulation panels regional market share by 2024. High demand for cost effective and high-performance building materials in several emerging economies will propel product demand. Regional construction industry expansion coupled with construction of new and innovative heat resistant buildings for offices, hotels, supermarkets and houses will stimulate product demand.
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Global structural insulation panels market share is fragmented owning to large presence of both global and local participants. Some of the major structural insulation panels market players are Kingspan, Metecno, Isopan, ArcelorMittal, Romakowski and Lattonedil. Other prominent participants include J-Deck Inc., Nohara, T. Clear Corporation, Foard Panel, ICS Eco-SIPs, Murus Company, Future Building of America and Foam Laminates.
Walls application will generate more than USD 350 million by 2024. Superior features including high R-value with heavy-duty polyurethane foam, better air quality and noise reduction are key factors driving structural insulation panels market expansion. In addition, SIPs provide improved coverings protecting from overall wall cavities and thereby fueling industry.
Introduction of the zero-energy building (ZEB) concept offering zero net energy consumption by the building on an annual basis is projected to positively support SIPs market expansion. Several countries along with European Union have agreed on implementation of this cost-effective concept by 2020. EU is targeted to renovate 2% of the entire official building stock and 3% of central government buildings.
EPS is anticipated to register sales over 25 million square feet by 2024 owing to high product compatibility to offer improved energy conservation to lessen CO2 emission. High versatility, durability and lightweight material consisting small hollow spherical balls providing better thermal insulation are key advantages of EPS boarding. Moreover, its closed cell panel prevents dust and allergens from penetrating the building and thereby, stimulating structural insulation panels market share.
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Commercial sector generated sales over USD 150 million in 2016 owing to increasing demand for no thermal interactions between external walls. High adjustability to support hanging of several external products including aluminum rainscreens, terracotta tile, granite and render will further enhance product penetration. SIPs are largely used in numerous commercial spaces comprising offices, schools and universities buildings.
Table of content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Structural Insulation Panels Industry Insights
Chapter 4. Structural Insulation Panels Market, By Product
Chapter 5. Structural Insulation Panels Market, By Skin Type
Chapter 6. Structural Insulation Panels Market, By Application
Chapter 7. Structural Insulation Panels Market, By End-Use
Chapter 8. Structural Insulation Panels Market, By Region
Chapter 9. Company Profiles
More Details on this Report At: https://www.marketstudyreport.com/reports/structural-insulation-panels-sips-market
Related Report:
Global Structural Insulation Panels (SIPs) Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023
The worldwide market for Structural Insulation Panels (SIPs) is expected to grow at a CAGR of roughly 6.1% over the next five years, will reach 530 million US$ in 2023, from 370 million US$ in 2017, according to a new GIR study. SIP is a sandwich structured composite, consisting of an insulating layer of rigid core sandwiched between two layers of structural board, used as a building material. The board can be sheet metal, plywood, cement, magnesium oxide board (MgO) or oriented strand board (OSB) and the core either expanded polystyrene foam (EPS), extruded polystyrene foam (XPS), polyisocyanurate foam, polyurethane foam or composite honeycomb (HSC).
https://www.marketstudyreport.com/reports/global-structural-insulation-panels-sips-market-2018-by-manufacturers-regions-type-and-application-forecast-to-2023/?utm_source=RR-PSR
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