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Structural Insulated Panels Market Growth Analysis, Future Trends, Forecasts 2030 | At a CAGR of 5.5%
Structural Insulated Panels Market
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.
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.
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The structural insulated panels market is analyzed across North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America has dominated the market, due to increase in demand from residential sector and cold storage industry. UAE has established itself as the region's food import and trade powerhouse. As a result, it is witnessing increased expenditure in cold storage and cold logistics chain, which drives the demand for structural insulated panels. Asia-Pacific is expected to grow at the fastest rate, due to rapid increase in construction of green buildings and increase in awareness of benefits of insulated building structures.
Top 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.
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Key Segments Based On:
By Product Type
• Polystyrene
• Polyurethane Panels and Polyisocyanurate Panels
• Glass Wool
• Others
By Application
• Walls & floors
• Roofs
• Cold Storage
By End User
• Residential
• Nonresidential
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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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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