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Metal Structural Insulation Panels Market Set to Reach $68.3 Billion by 2031: Building the Future

11-13-2023 05:48 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Metal Structural Insulation Panels Market Set to Reach $68.3

Allied Market Research recently released a report titled "Metal Structural Insulation Panels Market," revealing a robust growth trajectory. The market, valued at $43.7 billion in 2021, is projected to soar to an estimated $68.3 billion by 2031, exhibiting a noteworthy Compound Annual Growth Rate (CAGR) of 4.5% from 2022 to 2031. Metal structural insulation panels, widely employed in walls, roofs, and cold storage facilities, are witnessing increased demand due to the rise in construction activities for residential, commercial, and warehouse spaces.

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The construction boom, coupled with the surge in demand for green buildings, is creating lucrative opportunities for the global market. Metal structural insulation panels play a crucial role in eliminating heat transfer through conduction, thereby reducing energy expenditure on cooling building structures. The rapid expansion of the e-commerce industry, leading to the construction of warehouses and distribution centers, further fuels the market. For example, Amazon's construction of a new 130,000 square foot distribution center in Hollister, California, in March 2021 is indicative of this trend.

North America currently dominates the market, driven by increased demand from the residential sector and the cold storage industry. The UAE has positioned itself as a powerhouse in food import and trade, resulting in substantial investments in cold storage and logistics, contributing to the growth of the metal structural insulation panels market. Asia-Pacific is poised to experience the fastest growth, fueled by a surge in green building construction and heightened awareness of the benefits of insulated structures.

The COVID-19 pandemic posed challenges for manufacturers in the metal structural insulation panels market, leading to temporary halts in operations in countries such as China, the U.S., and India. Supply chain disruptions and a lack of technology hindered the production of metal structural insulation panels. However, as production facilities resume operations and vaccines become widely available, the reopening of metal structural insulation panels companies is anticipated.

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The market's substantial growth over the past decade is attributed to the increasing demand for green buildings, the development of cold storage infrastructure, and government initiatives for energy-efficient homes. The global market is segmented based on core material, application, end use, and region. Core materials include polystyrene, polyurethane, and others, while applications encompass floor, roof, and wall. End-use categories comprise residential and nonresidential.

Major players in the global metal structural insulation panels market include ACME Panel, American Insulated Panel, Extreme Panel Technologies, Inc., Ingreen Systems, Kingspan Group PLC, KPS Global, Metl-Span, Owens Corning, PFB Corp., and Structural Panels Inc.

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Key Findings of the Study:

The report provides an extensive analysis of current and emerging global metal structural insulation panels market trends and dynamics.

The polystyrene segment generated the largest revenue in 2021 based on core material.

The wall segment generated the highest revenue in 2021 based on application.

The residential segment dominated the market in 2021 based on end use.

North America is anticipated to dominate the global metal structural insulation panels industry throughout the forecast period.

The report provides an extensive analysis of the global metal structural insulation panels market opportunities.

A forecast analysis from 2022 to 2031 is included in the report, providing insights into the future of the metal structural insulation panels market.

https://www.alliedmarketresearch.com/metal-structural-insulation-panels-market-A15840

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Delaware. 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.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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