Press release
Structural Insulated Panels Market Upcoming Growth By Top Key Players Owens Corning, PFB Corporation, Premier Building System | By Size, Demands, Trends
The global structural insulated panels market size was valued at $458.1 million in 2020, and is projected to reach $786.6 million by 2030, registering a CAGR of 5.5% from 2021 to 2030.Structural insulated panels are widely preferred in walls & roofs and cold storage facilities. Rise in construction of residential & commercial buildings as well as warehouses is expected to offer remunerative lucrative opportunities for the global market. In addition, surge in demand for green buildings and need for eliminating heat transfer from external environment through conduction, which, in turn, reduces the energy expenditure on cooling of building structure. In addition, rapid expansion of the e-commerce industry, which demands for warehouses and distribution centers is likely to create ample of opportunities for the market. For instance, in March 2021, Amazon is building its new 1,30,000 square foot distribution center in Hollister, California.
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Leading Players:
The key players profiled in the structural insulated panels market report include Owens Corning, PFB Corporation, Premier Building System, Rautaruukki Corporation, T. Clear Corporation, ACME Panels, American Insulated Panel, Extreme Panel Technologies, Inc., InGreen Systems, and Kingspan Group PLC.
Key Findings Of The Study:
-The report provides an extensive analysis of the current and emerging structural insulated panels market trends and dynamics.
-Depending on product type, the polystyrene panels dominated the structural insulated panels market, in terms of revenue in 2020.
-By application, the walls & floors segment registered highest revenue in 2020.
Residential sector is projected to register highest growth rate in the coming years.
-The key players within the structural insulated panels market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the structural insulated panels industry.
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Global Structural Insulated Panels Market Segments
Key Segments
By Product Type:
Polystyrene
Polyurethane Panels and Polyisocyanurate Panels
Glass Wool
Others
By Application:
Walls & floors
Roofs
Cold Storage
By End User:
Residential
Nonresidential
North America to maintain its dominant share in terms of revenue by 2030
Based on region, North America contributed to the highest market share in 2020, holding more than two-fifths of the global structural insulated panels market, and is projected to maintain its dominant share in terms of revenue by 2030. This is due to adoption of exterior structural insulated panels for their scratch-resistant and waterproof properties that offer prolonged durability with lightweight. However, Asia-Pacific is expected to witness the largest CAGR of 6.2% during the forecast period, owing to surge in installation in the commercial and residential sectors in the region.
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