Market Overview:
The global structural insulated panel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient and green buildings, rising awareness about the benefits of using SIPs, and growing construction activities across the globe. The global structural insulated panel market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into EPS (expanded polystyrene) panels, rigid polyurethane (PUR) panels, rigid polyisocyanurate (PIR) panels, glass wool panels, and other types. EPS (expanded polystyrene) panels are expected to dominate the global SIPs market in terms of revenue share during 2018-2030 owing to their low cost and high thermal insulation properties.
Product Definition:
Structural insulated panels, also known as SIPs, are a type of building panel that consists of an insulating foam core sandwiched between two sheets of structural board. The panels are used in the construction of energy-efficient homes and buildings.
EPS (Expanded Polystyrene) Panels:
Polystyrene (PS) panels are widely used in the construction industry owing to their low cost and easy fabrication process. However, over the past few years, there has been a significant shift towards EPS (Expanded Polystyrene) Panels as they offer several benefits such as high thermal performance and energy efficiency along with environmental sustainability.
Rigid Polyurethane (PUR) Panels:
Rigid polyurethane (PU) panels are manufactured using rigid isocyanate-coated fiberglass. Rigid polyurethane panels have a wide range of applications including construction, automotive and transportation, marine, appliances and furniture. The growing demand for energy efficient buildings coupled with the need to reduce carbon footprint in environmentally sensitive areas is expected to drive the growth of rigid PU insulated panel market over the forecast period.
Application Insights:
Building walls accounted for the largest share of over 70.0% in 2017. The rising demand for SIPs to provide thermal insulation in residential and commercial buildings is expected to drive the product demand over the forecast period. Insulation of building walls with SIPs results in a more efficient use of energy, thereby reducing greenhouse emissions and increasing energy efficiency.
The cold storage segment is projected to witness significant growth over the forecast period owing to rising investments by manufacturers in R&D on new product development as well as technological advancements regarding installation methods such as HVAC (heating, ventilation, and air conditioning). In addition, government initiatives such as EU Cold Storage Lab are expected to further boost industry growth across Europe during upcoming years.
SIPs are used extensively for wall insulation purposes at both domestic level i.e.
Regional Analysis:
Europe was the largest regional market in 2016 and accounted for over 35% of the global revenue share. The region is expected to continue its dominance over the forecast period owing to rising product demand from residential, non-residential, and industrial sectors. In addition, stringent government regulations regarding insulation of buildings are expected to drive industry growth.
The Asia Pacific is anticipated to be one of the fastest-growing regions with a CAGR exceeding 5% during the forecast period owing to rapid urbanization resulting in increased construction activities across emerging economies such as China and India. Moreover, supportive policies framed by various governments aimed at increasing energy efficiency are likely boost industry growth during future years.
Growth Factors:
- Increasing demand for energy-efficient and green buildings: The global Structural Insulated Panel market is expected to benefit from the increasing demand for energy-efficient and green buildings. This is because Structural Insulated Panels are known to be highly energy-efficient and environmentally friendly building materials.
- Rising construction spending in developing countries: The global Structural Insulated Panel market is also expected to benefit from the rising construction spending in developing countries. This is because a large part of the population in these countries is moving towards urbanization, which is resulting in an increase in the demand for new homes and commercial buildings.
- Growing popularity of prefabricated homes: Another key growth driver for the global Structural Insulated Panel market is the growing popularity of prefabricated homes. Prefabricated homes are known to be faster and easier to construct than traditional homes, which has resulted in their increasing popularity among home builders across the world.
Scope Of The Report
Report Attributes
Report Details
Report Title
Structural Insulated Panel Market Research Report
By Type
EPS (Expanded Polystyrene) Panels, Rigid Polyurethane (PUR) Panels, Rigid Polyisocyanurate (PIR) Panels, Glass Wool Panels, Other
By Application
Building Wall, Building Roof, Cold Storage
By Companies
Kingspan, Metecno, Isopan, NCI Building Systems, TATA Steel, ArcelorMittal, Romakowski, Lattonedil, RigiSystems, Silex, Isomec, GCS, Zhongjie, AlShahin, Nucor Building Systems, Tonmat, Marcegaglia, Italpannelli, Alubel, Jingxue, Ruukki, Balex, Hoesch, Dana Group, Multicolor, Zamil Vietnam, BCOMS, Pioneer India, Panelco, Paroc Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Structural Insulated Panel Market Report Segments:
The global Structural Insulated Panel market is segmented on the basis of:
Types
EPS (Expanded Polystyrene) Panels, Rigid Polyurethane (PUR) Panels, Rigid Polyisocyanurate (PIR) Panels, Glass Wool Panels, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Building Wall, Building Roof, Cold Storage
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kingspan
- Metecno
- Isopan
- NCI Building Systems
- TATA Steel
- ArcelorMittal
- Romakowski
- Lattonedil
- RigiSystems
- Silex
- Isomec
- GCS
- Zhongjie
- AlShahin
- Nucor Building Systems
- Tonmat
- Marcegaglia
- Italpannelli
- Alubel
- Jingxue
- Ruukki
- Balex
- Hoesch
- Dana Group
- Multicolor
- Zamil Vietnam
- BCOMS
- Pioneer India
- Panelco
- Paroc Group
Highlights of The Structural Insulated Panel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- EPS (Expanded Polystyrene) Panels
- Rigid Polyurethane (PUR) Panels
- Rigid Polyisocyanurate (PIR) Panels
- Glass Wool Panels
- Other
- By Application:
- Building Wall
- Building Roof
- Cold Storage
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Structural Insulated Panel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Structural Insulated Panel (SIP) is a type of insulation panel that is made up of small, thin sheets of plastic or metal that are sandwiched between two sheets of paper or other insulation material. The panels are then covered with a layer of fiberglass mesh. This type of insulation is used in walls, ceilings and roofs to reduce energy costs and improve the thermal performance of buildings.
Some of the key players operating in the structural insulated panel market are Kingspan, Metecno, Isopan, NCI Building Systems, TATA Steel, ArcelorMittal, Romakowski, Lattonedil, RigiSystems, Silex, Isomec, GCS, Zhongjie, AlShahin, Nucor Building Systems, Tonmat, Marcegaglia, Italpannelli, Alubel, Jingxue, Ruukki, Balex, Hoesch, Dana Group, Multicolor, Zamil Vietnam, BCOMS, Pioneer India, Panelco, Paroc Group.
The structural insulated panel market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Structural Insulated Panel Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Structural Insulated Panel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Structural Insulated Panel Market - Supply Chain
4.5. Global Structural Insulated Panel Market Forecast
4.5.1. Structural Insulated Panel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Structural Insulated Panel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Structural Insulated Panel Market Absolute $ Opportunity
5. Global Structural Insulated Panel Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Structural Insulated Panel Market Size and Volume Forecast by Type
5.3.1. EPS (Expanded Polystyrene) Panels
5.3.2. Rigid Polyurethane (PUR) Panels
5.3.3. Rigid Polyisocyanurate (PIR) Panels
5.3.4. Glass Wool Panels
5.3.5. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Structural Insulated Panel Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Structural Insulated Panel Market Size and Volume Forecast by Application
6.3.1. Building Wall
6.3.2. Building Roof
6.3.3. Cold Storage
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Structural Insulated Panel Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Structural Insulated Panel Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Structural Insulated Panel Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Structural Insulated Panel Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Structural Insulated Panel Demand Share Forecast, 2019-2026
9. North America Structural Insulated Panel Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Structural Insulated Panel Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Structural Insulated Panel Market Size and Volume Forecast by Application
9.4.1. Building Wall
9.4.2. Building Roof
9.4.3. Cold Storage
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Structural Insulated Panel Market Size and Volume Forecast by Type
9.7.1. EPS (Expanded Polystyrene) Panels
9.7.2. Rigid Polyurethane (PUR) Panels
9.7.3. Rigid Polyisocyanurate (PIR) Panels
9.7.4. Glass Wool Panels
9.7.5. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Structural Insulated Panel Demand Share Forecast, 2019-2026
10. Latin America Structural Insulated Panel Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Structural Insulated Panel Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Structural Insulated Panel Market Size and Volume Forecast by Application
10.4.1. Building Wall
10.4.2. Building Roof
10.4.3. Cold Storage
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Structural Insulated Panel Market Size and Volume Forecast by Type
10.7.1. EPS (Expanded Polystyrene) Panels
10.7.2. Rigid Polyurethane (PUR) Panels
10.7.3. Rigid Polyisocyanurate (PIR) Panels
10.7.4. Glass Wool Panels
10.7.5. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Structural Insulated Panel Demand Share Forecast, 2019-2026
11. Europe Structural Insulated Panel Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Structural Insulated Panel Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Structural Insulated Panel Market Size and Volume Forecast by Application
11.4.1. Building Wall
11.4.2. Building Roof
11.4.3. Cold Storage
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Structural Insulated Panel Market Size and Volume Forecast by Type
11.7.1. EPS (Expanded Polystyrene) Panels
11.7.2. Rigid Polyurethane (PUR) Panels
11.7.3. Rigid Polyisocyanurate (PIR) Panels
11.7.4. Glass Wool Panels
11.7.5. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Structural Insulated Panel Demand Share, 2019-2026
12. Asia Pacific Structural Insulated Panel Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Structural Insulated Panel Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Structural Insulated Panel Market Size and Volume Forecast by Application
12.4.1. Building Wall
12.4.2. Building Roof
12.4.3. Cold Storage
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Structural Insulated Panel Market Size and Volume Forecast by Type
12.7.1. EPS (Expanded Polystyrene) Panels
12.7.2. Rigid Polyurethane (PUR) Panels
12.7.3. Rigid Polyisocyanurate (PIR) Panels
12.7.4. Glass Wool Panels
12.7.5. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Structural Insulated Panel Demand Share, 2019-2026
13. Middle East & Africa Structural Insulated Panel Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Structural Insulated Panel Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Structural Insulated Panel Market Size and Volume Forecast by Application
13.4.1. Building Wall
13.4.2. Building Roof
13.4.3. Cold Storage
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Structural Insulated Panel Market Size and Volume Forecast by Type
13.7.1. EPS (Expanded Polystyrene) Panels
13.7.2. Rigid Polyurethane (PUR) Panels
13.7.3. Rigid Polyisocyanurate (PIR) Panels
13.7.4. Glass Wool Panels
13.7.5. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Structural Insulated Panel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Structural Insulated Panel Market: Market Share Analysis
14.2. Structural Insulated Panel Distributors and Customers
14.3. Structural Insulated Panel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Kingspan
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Metecno
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Isopan
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. NCI Building Systems
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TATA Steel
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ArcelorMittal
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Romakowski
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Lattonedil
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. RigiSystems
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Silex
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Isomec
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. GCS
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Zhongjie
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. AlShahin
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Nucor Building Systems
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Tonmat
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Marcegaglia
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Italpannelli
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Alubel
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Jingxue
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
