Composite Insulated Panels Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Product (Expanded Polystyrene Panel, Rigid Polyurethane and Rigid Polyisocyanurate Panel, Glass Wool Panel, and Other Products), Application (Building Wall, Building Roof, and Cold Storage), Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

Market Snapshot

Study Period:

2016 - 2026

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

>6 %

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Market Overview

The market for composite insulated panels is expected to register a CAGR of over 6% during the forecast period. Major factors driving the market studied are the increasing demand from the construction sector and increasing cold storage applications.

  • Advancements in building technologies such as modular construction techniques is likely to hinder the growth of the market. 
  • An increase in demand from emerging economies is likely to act as an opportunity to the market studied.

Scope of the Report

The composite insulated panels market report includes:

Product
Expanded Polystyrene (EPS) Panel
Rigid Polyurethane (PUR) and Rigid Polyisocyanurate (PIR) Panel
Glass Wool Panel
Other Products (Extruded Polystyrene Foam)
Application
Building Wall
Building Roof
Cold Storage
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Increasing Demand from the Building Wall

  • Composite insulated wall panels are generally available in thicknesses of 4-1/2 inches and 6-1/2 inches. Manufacture of curved wall panels is possible, and it is often more practical to use stud framing for non-orthogonal geometries.
  • The whole wall R-value of a wall assembly is currently the best and the most followed method of quantifying the total thermal performance. The whole wall R-value takes the resistance of heat, flown through an opaque cross-sectional area of insulation, and structures into the account, while the total loss of energy at the interfaces of the wall with the roof and floor are accounted.
  • The whole wall R-value of a 4-inch composite insulated wall panel is 14, whereas for a 2x4 wall is less than 10. The whole wall R-value of a 2x6 wall is between 11 and 13.7 depending on the quality of the installation of batt insulation.
  • The elimination of thermal bridging and a more air tight envelope contribute to the higher whole wall R-value of composite insulated wall panels, compared to the conventional metal and wood stud walls.
  • The total volume of the panels used as composite insulated wall panels is much higher, compared to the volume of the panels used as composite insulated roof panels.
Composite Insulated Panels Market Revenue Share

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North-America to Dominate the Market

  • The United States dominated the North American composite insulated panels market, owing to the increasing construction activities in the country.
  • The US residential sector’s growth is slower than the non-residential sector. In the country, the growing population is expected to boost the demand for housing. Furthermore, about 20 million households are projected to be constructed over the next decade. The US commercial construction sector is expected to witness growth in the next few years.
  • There are upcoming projects that are in the pipeline for the construction sector to boom in the country.
  • Furthermore, in Canada, the construction industry is one of the largest in the North American region. It is expected to grow at a considerable pace over the forecast period.
  • The Canadian construction industry is witnessing growth in few major cities, such as Toronto and Vancouver. In these cities, developers are registering good profits on investment, mainly with high-density residential projects. 
  • With the construction industry’s growth, the demand for market studied is expected to increase significantly.
Composite Insulated Panels Market Regional Trends

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Competitive Landscape

The composite insulated panels market is fragmented in nature. Some of the major players of the market are Kingspan Group, Rautaruukki Corporation, Premier Building Systems, PFB Corporation, and Owens Corning, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand from the Construction Sector

      2. 4.1.2 Increasing Cold Storage Applications

    2. 4.2 Restraints

      1. 4.2.1 Advancements in Building Technologies, such as Modular Construction Techniques

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product

      1. 5.1.1 Expanded Polystyrene (EPS) Panel

      2. 5.1.2 Rigid Polyurethane (PUR) and Rigid Polyisocyanurate (PIR) Panel

      3. 5.1.3 Glass Wool Panel

      4. 5.1.4 Other Products (Extruded Polystyrene Foam)

    2. 5.2 Application

      1. 5.2.1 Building Wall

      2. 5.2.2 Building Roof

      3. 5.2.3 Cold Storage

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Alubel SpA

      2. 6.4.2 ArcelorMittal

      3. 6.4.3 Balex-Metal

      4. 6.4.4 Dana Group Plc

      5. 6.4.5 ITALPANNELLI SRL

      6. 6.4.6 Jiangsu Jingxue Insulation Technology Co. Ltd

      7. 6.4.7 Kingspan Group

      8. 6.4.8 Manni Group S.p.A

      9. 6.4.9 METECNO

      10. 6.4.10 Multicolor Steels (India) Pvt Ltd

      11. 6.4.11 Nucor Building Systems

      12. 6.4.12 Owens Corning

      13. 6.4.13 PFB Corporation

      14. 6.4.14 Premier Building Systems

      15. 6.4.15 Rautaruukki Corporation.

      16. 6.4.16 Tata Steel

      17. 6.4.17 Zamil Steel Pre-Engineered Buildings Co. Ltd

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Demand from Emerging Economies

**Subject to Availability

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Frequently Asked Questions

The Composite Insulated Panels Market market is studied from 2016 - 2026.

The Composite Insulated Panels Market is growing at a CAGR of >6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2019.

  • Kingspan Group
  • Rautaruukki Corporation
  • Premier Building Systems
  • PFB Corporation
  • Owens Corning

Are the major companies operating in Composite Insulated Panels Market.

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