Mexican Insulated Panels Market - Heavy Investment in Infrastructure and Commercial Construction Projects by Mncs in Mexico Has Led to Rapid Industrialization growth

The Mexican Insulated Panels Market is expected to grow at an average annual rate of 6.71% from 2017 to 2022, reaching $ 5,207 million by 2022. In 2016, the polyurethane foam type accounted for more than 60% of the Mexican market.

Insulation panels are prefabricated, high-performance, insulated structures used in the construction of walls, floors, ceilings, and roofs. The use of insulating panels in the construction industry replaces the conventional stick frame construction. This panel is preferred over existing building materials because it provides high-performance and eco-friendly building characteristics that help save time, money and labor in buildings.

Insulation panels are made by inserting foam between two skin layers. Polyurethane and polystyrene are some of the insulating foam commonly used in insulation panels. Cold storage is a major application of insulating panels as the demand for refrigerated storage for frozen poultry and meat, ice cream and dairy products, frozen fruits and vegetables, and chemicals is increasing due to the rapid industrialization of the Mexican region.

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The major companies profiled in this report are
• Frigocel Mexicana
• S.A. de C.V.
• Ternium
• Metecno
• Danica
• Marcegaglia SpA
• Unypanel SA de CV
• Fanosa
• S.A. de C.V.
• Thermopanel
• Isocindu S.A. de C.V.
• Kingspan Group plc.

Factors for pre-made cover in the Mexican insulation market include increased demand for high-speed urbanization and globalization, refrigerated vehicles and refrigerated storage containers. However, susceptibility to pests and vulnerability to moisture are expected to hamper this growth in the near future. The characteristics of environmentally friendly insulation panels are expected to provide major opportunities for market expansion.

By foam type, the market is divided into polyurethane foam, polystyrene, and others. Polystyrene registers the highest CAGR throughout the analysis period, owing to high moisture resistance, better fire retardant, chemically inert, lightweight, and high compressive strength.

By skin material, the market is divided into steel-steel, steel-cardboard, steel-vinyl ester, cardboard-cardboard, and others. Steel-cardboard skin material accounted for the highest CAGR, due to the better insulation of the core material as compared to steel-steel skin and the use of steel-cardboard insulated panels in cold storage transportation trucks.

By end-user industry, the market is divided into construction and cold storage. Cold storage is expected to grow at the highest CAGR throughout the analysis period, owing to the rapid growth in supermarket, convenience stores, butchery, and processing area in various food industries and restaurants.

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Key Findings of the Mexican Insulated Panels Market:
• The polystyrene foam market is expected to grow at the high CAGR of 7.8%, in terms of revenue, from 2017 to 2022.
• The steel-cardboard and steel-vinyl ester segments are anticipated to be the fastest growing skin material, in terms of value, growing at a CAGR of 7.8% and 7.0% respectively.
• Central Mexico is expected to grow at the highest CAGR of 7.4%, in terms of value.
• The steel-steel skin material type segment occupied three-sevenths share in the Mexican market in 2016, in terms of value, and is anticipated to witness CAGR of 6.2%.
• The Northern sector and southern Mexico collectively contributed to two-thirds of the revenue in 2016 and are anticipated to grow at CAGRs of 7.1% and 6.4%, respectively.

In 2016, construction end-user industry of insulated panels accounted for more than 60% of the Mexican insulated panels market for prefabricated covers, in terms of value. This is due to the growth in the Mexican economy, leading to rapid growth and development infrastructure. Cold storage is projected to grow at the highest CAGR of 8.7%, owing to increase in urbanization coupled with growth in frozen food industry in the Mexican region.

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