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According to the latest report by IMARC Group “Structural Insulated Panels Market Trends: Global Industry Share, Size, Growth, Opportunity and Forecast 2021-2026″, The global structural insulated panels market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 5.8% during 2021-2026.
Structural insulated panels (SIPs) are lightweight prefabricated building systems used for insulating purposes in residential and commercial building construction. They are energy efficient and help resist heat transfer and provide strength and durability to structures compared to traditional insulation methods. Consequently, they are widely utilized in cold storage systems for maintaining optimal temperature with minimal energy requirements.
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Significant growth in the construction industry across the globe represents one of the key factors creating a positive outlook for SIPs in designing walls, ceilings, floors, and roofs. SIPs can also be combined with blocks, tiles, bricks, slates, steels, woods, and glasses to improve energy efficiency, durability, and cost-effectiveness. Moreover, the increasing environmental consciousness among individuals is driving the need for SIPs that are lightweight, non-combustible, thermal resistant, and flexible building materials. Additionally, the rising demand for SIPs in food preparation and processing and storage systems for temperature-sensitive pharmaceutical and retail products is impelling the market growth. Besides this, several product innovations, such as curved wall panels and soundproof variants, are anticipated to propel the market growth.
Breakup by Product:
Breakup by Application:
Walls and Floors
Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
All Weather Insulated Panels
American Insulated Panel
Ingreen Systems Corp.
Isopan (Manni Group S.p.A)
Kingspan Group plc
Metl-Span Llc (Cornerstone Building Brands)
Premier Building Systems Inc
Structural Panels Inc.
Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/structural-insulated-panels-market
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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Published on May 20, 2022
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