Structural Insulation Panels Market to Soar at a CAGR 6.5% to 2024 | Kingspan Group, ACME PANEL, Eagle Panel Systems, Inc., Foam Laminates, Foard Panel Inc., Insulspan Inc., ICS Eco-SIPs, Isopan

Market Study Report LLC offers 2018 report on Global Structural Insulation Panels (SIP) market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2018-2024.

North America is projected to exceed USD 200 million by 2024. The constant development of the business in the regional economy, along with its openness to imports, has provided an impetus to the international trade scenario for these products. The region is expected to witness growing investments towards house refurbishment and repair. Additionally, the growing infrastructure development owing to high economic growth and expanding immigrant population in the region is expected to support business growth.

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Structural insulation panels industry size is driven by rapid technological advancements in the construction industry. These technologies consist of various precast, modular, and prefabricated building structures, specially designed for residential and commercial sectors. Additionally, a growing population and rising consumer concerns regarding energy-saving building materials will drive industry development. Developing economies including Brazil, India, China, and Mexico will significantly trigger product development due to a large consumer base along with a shifting trend for modern building installations.

The residential sector accounted for over 50% of the market share by 2024 and will continue to maintain its dominance over the forecast period. Infrastructural expansion is a major factor that will drive the use of SIPs in the residential market during the forecast timeframe. Socioeconomic development along with housing subsidies by governments will positively impact the market expansion. Household renovations have observed a strong demand in the past and are anticipated to witness significant gains over the forecast timespan. Affordable housing schemes along with the expansion of zero-energy homes supported by regional authorities are expected to provide a profitable opportunity for manufacturers.

Increasing consumer awareness pertaining to rising electricity bills and the necessity for energy-efficient building techniques have stimulated the product demand across residential as well as commercial buildings. The necessity for effective energy conservation due to the rising energy demand along with growing concerns regarding resource scarcity will propel the SIP market. The implementation of several programs such as LEED, Energy Star building certification, and ICC?s Model Energy Codes is likely to influence industry dynamics over the forecast period.

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OSB one side skin type is estimated to witness a growth of over 7% up to 2024. They are widely used and applied on the roofing, siding, and wall structures of residential buildings. It provides excellent insulation from heat, moisture, and humid conditions and offers outstanding benefits over its counterparts owing to its compatibility with fixed structures. These benefits have increased the adoption in building construction fueling the industry share.

Glass wool is expected to witness significant growth owing to increasing demand for thermal and acoustic insulation. Strong applications scope for reducing the energy consumption of buildings, offering a conducive environment and reducing fuel utilization will positively support product penetration over the forecast timeline. It is widely used in attics, critical opening spaces, and wall cavities. Amplified growth of new housing developments and overall building construction expenditure will drive industry gains.

Wall panels dominated the overall industry and is expected to witness highest growth over the forecast period. Substantial reduction in the construction time of wall and labor cost are key factors supplementing product penetration. The factory-built SIPs eliminate the need to cut the material on job site which eliminates delays and enables quick interior finishing. Substantial reduction in the construction time of wall and labor cost are key factors supplementing product penetration.

The global structural insulation panel minerals market is highly competitive owing to the presence of a few dominating companies including Kingspan, Romakowski GmbH & Co. KG, Lattonedil Spa Milano, and Isopan. Their prime initiatives to improve the market share include new product launches, geographical expansions, R&D investments, and mergers & acquisitions. This helps them explore the untapped market potential. Companies are also focusing on implementing forward and backward integrations across the value chain.

Table of content:

Chapter 1 Methodology & Scope

1.1 Research methodology

1.1.1 Initial data exploration

1.1.2 Statistical model and forecast

1.1.3 Industry insights and validation

1.1.4 Definitions

1.1.5 Assumption, scope & forecast parameters

1.2 Data sources

1.2.1 Secondary Sources

1.2.2 Primary Sources

Chapter 2 Executive Summary

2.1 Structural insulation panels industry 360 degree synopsis, 2013 - 2024

2.1.1 Business trends

2.1.2 Product trends

2.1.3 Skin type trends

2.1.4 Application trends

2.1.5 End use trends

2.1.6 Regional trends

Chapter 3 Structural Insulation Panels Industry Insights

3.1 Industry segmentation

3.2 Industry landscape, 2013- 2024

3.3 Industry ecosystem analysis

3.3.1 Raw Material

3.3.2 Manufacturers

3.3.3 Distribution Channel

3.3.3.1 Direct distribution

3.3.3.2 Online sales channel

3.3.3.3 Resellers

3.3.3.4 Wholesale

3.3.3.5 Retail

3.3.4 Profit margin trends

3.3.5 Vendor matrix

3.4 Technology landscape

3.4.1 Production process

3.4.1.1 With polystyrene core

3.4.1.2 With polyurethane core

3.4.1.2.1 Polymer reactions

3.4.1.2.2 Processing

3.4.2 Upcoming production process trends

3.4.2.1 Manufacturing of composite structural insulated panels (CSIPs)

3.5 Raw material trends

3.5.1 Glass

3.5.2 Stone

3.5.3 Polystyrene

3.5.4 Polyurethane

3.5.5 Phenols

3.5.6 Polyisocyanurate

3.6 Global construction industry outlook, 2017

3.6.1 Rise in construction spending

3.7 Current trend of green building

3.7.1 Energy efficiency of buildings with SIP

3.7.2 Comparative analysis SIP vs conventional construction methods

3.7.3 Environmental concerns & BioSIPs

3.7.4 Cost analysis SIP vs stick frame

3.7.4.1 Walls

3.7.4.2 Electrical

3.7.4.3 Roof and Dormers

3.8 Regulatory landscape

3.8.1 North America

3.8.1.1 Method A (Perspective Component Method)

3.8.1.2 Method B (Empirical Full-Scale Test Method)

3.8.2 Europe

3.8.2.1 European union

3.8.3 Asia Pacific

3.8.3.1 China

3.8.4 Latin America

3.8.4.1 Brazil

3.8.4.2 Mexico

3.8.5 Middle East & Africa

3.8.5.1 UAE

3.9 Consumer buying behavior

3.9.1 Unmet needs

3.9.2 Social & cultural impact forces

3.9.3 Information search

3.9.4 Evaluation of alternatives

3.9.5 Purchase decision

3.9.6 Post purchase behaviour

3.10 Pricing analysis, 2013 - 2024

3.10.1 Regional pricing

3.10.1.1 North America

3.10.1.2 Europe

3.10.1.3 Asia Pacific

3.10.1.4 Latin America

3.10.1.5 Middle East and Africa

3.10.2 Cost structure analysis

3.10.2.1 Material cost

3.10.2.2 Labour & manufacturing cost

3.10.2.3 Technology cost

3.10.2.4 R&D

3.10.2.5 Miscellaneous

3.11 Industry impact forces

3.11.1 Growth drivers

3.11.1.1 Favorable governments regulations & programs supporting the construction of green buildings

3.11.1.2 Growing thermal insulation materials market

3.11.2 Industry pitfalls & challenges

3.11.2.1 Higher product costs along with stringent regulations on raw materials

3.12 Innovation, sustainability, & new product launches

3.13 Growth potential analysis, 2017

3.14 Competitive landscape, 2017

3.14.1 Market share analysis, 2016

3.14.2 Top players overview

3.14.3 Key stakeholders

3.14.4 Strategy dashboard

3.15 Porter's analysis

3.16 PESTEL analysis

Chapter 4 Structural Insulation Panels Market, By Product

4.1 Global structural insulation panels market share by product, 2017 & 2024

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