Press release
Structural Insulated Panels Market 2024-2033: Opportunity Assessment, Competitive Landscape, Regional Demand And Major Players
Structural Insulated Panels Market
The Business Research Company offers in-depth market insights through Structural Insulated Panels Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The structural insulated panels market size has grown strongly in recent years. It will grow from $0.43 billion in 2023 to $0.45 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to growth in construction activities, the increase in demand from cold storage facilities, the growth in the e-commerce industry and the rise in green buildings..
The structural insulated panels market size is expected to see steady growth in the next few years. It will grow to $0.55 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to the rising urbanization, the growing residential sector and the rising infrastructure investments. Major trends in the forecast period include technology advancements, increasing use of structural insulated panels in modular construction, focus on green buildings and sustainability, increasing investments, innovative product launches and increasing mergers and acquisitions. .
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Market Segmentation:
The structural insulated panels market covered in this report is segmented -
1) By Insulation Materials: Expanded Polystyrene (EPS) Panel, Rigid Polyurethane (PUR), Rigid Polyisocyanurate (PIR) Panel, Glass Wool, Stone Wool, Extruded Polystyrene Foam Panel, Other Insulation Materials
2) By Facing Material: Oriented Strand Board (OSB) Structural Insulated Panels, Magnesium Oxide (MGO) Board Structural Insulated Panels, Other Facing Materials
3) By Application: Walls And Floors, Roofs, Cold Storage
4) By End User: Residential, Non-Residential
Major Driver - Green Building Emphasis Drives Growth In Structural Insulated Panels Market
The increase in emphasis on green buildings is expected to propel the growth of the structural insulated panels market. The structural insulated panel system has superior thermal resistance and, insulation capabilities, which enables the building envelope to regulate the heating, cooling, and humidity using less energy to heat or cool. For instance, according to the World Green Building Trends, 47% of industry respondents would make the majority of their projects green by 2021. Also, according to the World Green Building Council, the global green building industry has the potential to cut energy consumption by 50% or more by 2050. Therefore, increasing emphasis on green buildings is driving the growth of the structural insulated panels market.
Competitive Landscape:
Major companies operating in the structural insulated panels market report are Owens Corning, Kingspan Group Plc, SSAB AB, KPS Global, Premier SIPs, Enercept Inc, Extreme Panel Technologies Inc., Isopan, Structural Panels Inc, All Weather Insulated Panels, Shandong Hark Steel Material Co Ltd, Shandong Wiskind Architectural Steel Co Ltd, Shandong Wiskind Steel Structure Co Ltd, Xiamen Yumi New Material Technology Co Ltd, Yantai Jedha Industrial and Trading Co Ltd, Golden Power (Fujian) Building Material Science Technology Co Ltd, Shree Shani Green Energy, Versiclad, EnviroSip, Solaris, Glosford SIPS, Self-Build, Metawell, Sipcon.House, SIPs, Sipeurope, ECSUS Design, Karmod, Tekhnostyl Group, Hotwell, EcoEuroDom, OrgTechStroy, SipMontage, Worsted, FischerSIPS, VIRMAK LLC, TechnoNIKOL, ACME Panel Company, Energy Panel Structures Inc, Foard Panel Inc, General Panel Corporation, Thermapan Structural Insulated Panels, Knight Wall Systems, Tafco, Sinopan, Isoeste, Xipre, Styropek, Arauco, Emirates Industrial Panel, TSSC Group, Sika AG, Qatar Steel Industries Factory, Dana Steel, Isotherm Insulation FZC, Zamil Steel, Al Shahin Metal Industries, Drycraeft, Ecostruct Panel Systems, New World Steel Construction, Panel Co South Africa, Isowall Group, Rockwool
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Top Trend - Strategic Partnerships And Collaborations Drive Sustainability In The Structural Insulated Panels Market
Growing collaborations and strategic partnerships among structural insulated panels companies is a key trend gaining popularity in the market. Structural insulated panel companies are focusing on manufacturing sustainable products and reducing emissions. For instance, in April 2021, Kingspan Group, an Ireland-based building materials company that produces structural insulated panels partnered with Sweden-based fossil-free steel manufacturer, H2 Green Steel. The partnership would help in reducing embodied carbon in Kingspan's insulated panel products by over 45% and aid towards net zero carbon manufacturing by 2030 with the intent of minimizing emissions to the lowest possible level.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Structural Insulated Panels Market Characteristics
3. Structural Insulated Panels Market Trends And Strategies
4. Structural Insulated Panels Market - Macro Economic Scenario
5. Structural Insulated Panels Market Size And Growth
…..
27. Structural Insulated Panels Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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