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Structural Insulated Panels Market (Product - Polystyrene, Polyurethane, and Glass Wool; Application - Walls & Floors, and Cold Storage): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : December, 2020

  • Rep Id : ICT00154

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on the structural insulated panels market provides an in-depth analysis of segments and sub-segments in the global as well as regional structural insulated panels market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional structural insulated panels market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global structural insulated panels market. according to the report, the global structural insulated panels market is projected to grow at a CAGR of 6.3% over the forecast period of 2020-2026.

 

Market Insight

Structural insulated panels are high-performance building panels. It is used in exterior walls, roofs, and floors for residential and light commercial construction. These panels are made by sandwiching a core of rigid foam insulation between two skins of wood structural panels. The foam core of the structural insulated panel is typically composed of polystyrene, polyurethane, expanded extruded polystyrene (XPS), and polyisocyanurate.

 

With the increasing demand for affordable and energy-efficient housings; the structural insulated system introduced. In the face of growing public awareness and concern for global warming and climate change and new information regarding the impact of building on the environment, there has been a growing interest in sustainability and green building. The Structural Insulation Panel Association promotes SIP as a green building product. This is driving the growth of the structural insulated market. The number of newly built homes with the SIP system is projected to be increased significantly throughout the next decade. This is due to the fact that this system is light, strong, excellent in thermal performance, environmentally friendly, and faster to erect which further driving the demand of the market. The inner foam core of SIPs offers extremely efficient U-values; according to SIP Build Ltd, SIP homes can reduce up to 70% of energy use in comparison to other traditional homes. Additionally, the structured insulated panel can be manufactured in large sizes and are faster and easier to install than other traditional systems. Since they are faster and easier to erect, SIP building is constructed by requiring a few workers, which can significantly save labor and equipment costs and as well as construction time. In addition, they were proven to have excellent thermal properties. As a result, less wood will be required, and this also results in a reduction in heat loss due to the thermal bridging effect. Furthermore, in the post-inspection of the SIP system after one-year of construction, SIPs lead to smaller structural movements and no indication of nails popping out nor drywall cracks. These benefits provided by the structural insulated panel is driving the growth of the market. However, pricing is typically three or four times that of traditional panels affecting the growth of the market. Moreover, rapidly growing building technology and growth in infrastructure activities in emerging economies provide a lucrative growth opportunity for the structural insulated panels market

 

North America dominates the structural insulated market. A large volume of applications of the SIP system have been reported widely in the USA, Canada, and it is becoming increasingly popular as an alternative construction system in North America. Additionally, united states homes account for 15 percent of the nation’s energy use. As such, the Department of Energy’s Building Technology program has made its goal to reduce residential consumption through the development and market adoption of the zero-energy home (ZEH) concept. This further contributes to the growth of the structural insulated panels market in North America.

 

Segment Covered

The report on the global structural insulated panels market covers segments such as product, and application. On the basis of product, the sub-markets include polystyrene, polyurethane, and glass wool. On the basis of application, the sub-markets include walls & floors, and cold storage.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Dana Group, Kingspan Group, Italpannelli SRL, The Murus Company, Eagle Panel Systems, Inc, Alubel SpA, Marcegaglia SpA, NCI Building Systems, Nucor Building Systems, and PFB Corporation.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the structural insulated panels market. Moreover, the study highlights current market trends and provides forecasts from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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