Press release
Structural Insulated Panels Market Expanding At A CAGR of around 5% By 2031
Structural Insulated Panels Market Analysis Report By Facing Material (Oriented Strand Board, Magnesium Oxide Board Structural Insulated Panels), By Insulation Material (EPS, Glasswool, Polyurethane), By Application, By End Use, Regional Forecast 2021-2031As per a new report published by Fact.MR, a market research and competitive intelligence provider, the global structural insulated panel market is anticipated to reach a valuation of US$ 647 Mn by 2031, expanding at a CAGR of around 5% over the next ten years.
Rapid climate change and increasing energy consumption in buildings are raising consumer consciousness towards the environment. Due to this, consumers are adopting affordable green and sustainable construction methods. Owing to the numerous characteristics and benefits of structural insulated panels are gaining rapid consumer attention.
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Moreover, demand for structural insulated panels made with facing materials such as oriented strand boards (OSBs) and magnesium oxide (MgO) boards is touching new milestones in the industry. OSB structural insulated panels are projected to dominate as far as overall facing material is concerned, in terms of absolute dollar opportunity.
East Asia held less than one-fifth market share in 2020, but is projected to surge at 8.5% CAGR and acquire more than one-fourth market share by 2031. Singapore and India are major stakeholders in South Asia, and these markets are expected to expand 10.4% and 11.2%, respectively.
Key Takeaways from Market Study
The global structural insulated panels market is anticipated to add 1.6X value by 2031
EPS structural insulated panels capture more than three-fourth global market share, and are set to create an absolute $ opportunity of US$ 488 Mn by 2031
Among the end users, revenue from residential users has been growing at a faster pace
North America is expected to dominate global market revenue in 2021
The market in China and India is expected to rise at around 8.6% and 11.2% CAGR, respectively, through 2031
Due to the COVID-19 crisis, demand for structural insulated panels has increased immensely, which will boost the overall market over the coming years
"High R&D on structural insulated panels is set to improve overall product quality, and rising consumer awareness regarding the environment will aid market growth over the coming years," says a Fact.MR analyst.
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Structured Insulated Panels Market Report Scope
Attribute Details
Forecast Period 2021-2031
Historical Data Available for 2016-2020
Market Analysis Units for Volume and US$ Mn for Value
Key Regions Covered
North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA
Key Countries Covered
United States
Canada
Brazil
Mexico
Germany
United Kingdom
France
Italy
BENELUX
China
Japan
South Korea
India
Malaysia
Singapore
Australia
New Zealand
Turkey
South Africa
GCC Countries
Key Market Segments Covered
Facing Material
Insulation Material
Application
End Use
Region
Key Companies Profiled
Owens Corning
Kingspan Group
PFB Corporation
Alubel SpA
Enercept, Inc.
Foard Panel Inc.
Extreme Panel Technologies, Inc.
T. Clear Corporation
Premier SIPs
ACME Panel Company
Metl-Span
KPS Global
Isopan
American Insulated Panel
Structural Panels Inc.
All Weather Insulated Panels
Ingreen Systems Corp.
Pricing Available upon Request
Market Segments Covered in Structural Insulated Panels Industry Research
By Facing Material
Oriented Strand Board (OSB) Structural Insulated Panels
Magnesium Oxide (MgO) Board Structural Insulated Panels
Other Facing Materials
By Insulation Material
EPS Structural Insulated Panels
Glasswool Structural Insulated Panels
Polyurethane Structural Insulated Panels
Other Insulation Material Based Structural Insulated Panels
By Application
Structural Insulated Panels for Floors and Walls
Structural Insulated Panels for Roofs
Structural Insulated Panels for Cold Storage
By End Use
Structural Insulated Panels for Residential Use
Structural Insulated Panels for Commercial Use
Full Access of this Report Is Available at
https://www.factmr.com/checkout/6628
Winning Strategy
Key players have been spending on research & development to come up with newer products with improved lifespan and higher operational flexibility. These enhancements will drive the growth of the structural insulated panels market in the medium- to long-term forecast period.
More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the global structural insulated panel market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031.
The study divulges essential insights on the market on the basis of facing material (oriented strand board (OSB) structural insulated panels, magnesium oxide (MgO) board structural insulated panels, and other facing materials), insulation material (EPS structural insulated panels, glass wool structural insulated panels, polyurethane structural insulated panels and other insulation material-based structural insulated panels), application (floors and walls, roofs, and cold storage), and end use (residential and commercial), across six major regions of the world(North America, Latin America, Europe, South Asia, East Asia, Oceania, and MEA).
The Structural Insulated Panels Market report answers important questions which include:
What are some of the latent areas of investments in the Structural Insulated Panels Market?
Which region is expected to emerge as showing the most attractive growth rate during the forecast period and which factors will be crucial to its growth?
What trends are likely to change the status quo of the positions held by leading players of the Structural Insulated Panels Market in the not-so-distant future?
Which product/service/technology segments holds game-changing potential to dramatically shape the competitive dynamic in the Structural Insulated Panels Market?
What are the strategies adopted by top players to retain their stronghold in the Structural Insulated Panels Market?
Which strategic moves will new entrants adopt to gain a strong foothold in the Structural Insulated Panels Market?
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