Global Structural Insulated Panels Market (2023 to 2032) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts

As per The Business Research Company's Structural Insulated Panels Opportunities And Strategies Market Report 2023, the global structural insulated panels market reached a value of nearly $403.4 million in 2022, having grown at a compound annual growth rate (CAGR) of 1.5% since 2017. The market is expected to grow from $403.4 million in 2022 to $508.0 million in 2027 at a rate of 4.7%. The market is then expected to grow at a CAGR of 4.6% from 2027 and reach $637.5 million in 2032.

Rising infrastructure investment will drive the structural insulated panels market in the forecast period. There is rapid growth in urbanization and in people's standard of living, which is increasing the demand for high investments in buildings, roads, bridges, dams and urban infrastructures, such as shopping malls, airports, hotels and others. Structural insulated panels are well-suited for infrastructure projects, due to their ability to provide well-insulated and energy-efficient buildings, reducing the energy consumption and operating costs of infrastructure facilities. For example, in 2022, according to a report published by the White House regarding the progress of the Bipartisan Infrastructure Law, 2,800 bridge repair and replacement projects were initiated across America. Moreover, in March 2022, the government of South Africa, under the department of public works and infrastructure, announced the National Infrastructure Plan 2050 (Nip 2050) Phase I, to boost and build critical infrastructure in the country. Such an increase in infrastructure investment will propel the structural insulated panels market growth.

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Technological advancement is a key trend in the structural insulated panels market. Companies in the market are focusing on developing new technological solutions to strengthen their position in the market. For example, in January 2022, Lithuania-based AGACAD, the creator of advanced technologies for building information modelling and management, launched a new tool, called BIM (Building Information Modeling) software, that allows for the automated design of sandwich panels. This innovative technology addresses an important void in the BIM tool industry. There was no method to quickly construct highly detailed insulated panels with any type of support framework and easily translate a Revit architectural model into an exact structural model consisting of sandwich panels until now. This new Sandwich Panels suite allows for greater design speed, efficiency and accuracy in a unified BIM project environment.

The top opportunities in the structural insulated panels market segmented by insulation materials will arise in the expanded polystyrene (EPS) panel segment, which will gain $75.9 million of global annual sales by 2027. The top opportunities in the structural insulated panels market segmented by facing material will arise in the oriented strand board (OSB) structural insulated panels segment, which will gain $64.5 million of global annual sales by 2027. The top opportunities in the structural insulated panels market segmented by application will arise in the walls and floors segment, which will gain $48.5 million of global annual sales by 2027. The top opportunities in the structural insulated panels market segmented by end user will arise in the residential segment, which will gain $76.7 million of global annual sales by 2027. The structural insulated panels market size will gain the most in the USA at $38.3 million.

Structural Insulated Panels Market Segmentation:
The structural insulated panels market is segmented by type, by component, by function and by type of traders.
By Insulation Materials -
The structural insulated panels market is segmented by insulation materials into:
a) Expanded Polystyrene (EPS) Panel
b) Rigid Polyurethane (PUR)
c) Rigid Polyisocyanurate (PIR) Panel
d) Glass Wool
e) Stone Wool
f) Extruded Polystyrene Foam Panel
g) Other Insulation Materials.

By Facing Material -
The structural insulated panels market is segmented by facing material into:
a) Oriented Strand Board (OSB) Structural Insulated Panels
b) Magnesium Oxide (MGO) Board Structural Insulated Panels
c) Other Facing Materials.

By Application -
The structural insulated panels market is segmented by application into:
a) Walls And Floors
b) Roofs
c) Cold Storage

By End User -
The structural insulated panels market is segmented by end user into:
a) Residential
b) Non-Residential.

Major players in the structural insulated panels market include Owens Corning, Kingspan Group PLC, SSAB AB, KPS Global, Premier SIPs.

The regions covered in the global structural insulated panels market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Structural Insulated Panels Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Structural Insulated Panels Market Report Table Of Content
1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction and Market Characteristics
……
19. Key Mergers and Acquisitions
20. Opportunities And Strategies
21. Structural Insulated Panels Market, Conclusions And Recommendations
22. Appendix

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