Metal-faced Insulated Panel Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

Metal Faced Insulated Panel Market Analysis

The metal-faced insulated panel market is estimated to witness healthy growth, at an estimated CAGR of over 6%, over the forecast period (2022-2027).

The COVID-19 pandemic had a negative impact on the market in 2020. However, the market has now reached pre-pandemic levels, and it is expected to grow at a steady pace in the forecast period.

• The major factors driving the growth of the market are the augmenting demand for insulated panels in the construction industry and the growing need for refrigerated and processed foods.
• Deformation in extreme weather conditions is likely to hinder the market's growth.
• Growing awareness in the Asia-Pacific region is likely to create opportunities for the market in the coming years.
• The European region is expected to dominate the market. The Asia-Pacific region is likely to witness the highest CAGR during the forecast period.

Metal Faced Insulated Panel Industry Segments

Metal-faced insulated panel contains various insulating materials, such as mineral wool, polyurethane/polyisocyanurate (PUR/PIR) foam, and polystyrene, which generally help in maintaining the temperature of the building while being used as a roof, wall, or ceiling panels, by preventing loss of heat from the buildings. The metal-faced insulated panel market is segmented by core material (blowing agents, polyurethane, polyisocyanurate, mineral wool, polystyrene, and phenolic), usage (internal and external), end-user industry (residential, commercial, industrial, and institutional and infrastructure), and geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for the metal-faced insulated panel market in terms of revenue (USD million) for all the above segments.

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Metal Faced Insulated Panel Market Trends

This section covers the major market trends shaping the Metal Faced Insulated Panel Market according to our research experts:

The Industrial Segment to Dominate the Market

• In modern-day construction, the use of insulation materials is essential for industrial construction applications. The specific demand for energy in industrial buildings can be significantly reduced with modern insulation.
• The scope of applications is extremely diverse and even includes the construction of industrial buildings using insulated roof and wall panels. In industrial applications, building insulation materials witness major demand from cold storage buildings and warehouses.
• The number of cold storage operations that are meant to extend and ensure the shelf life of fresh agricultural produce, seafood, frozen food, photographic film, chemicals, and pharmaceutical drugs is rapidly increasing.
• This rapid increase in the number of cold storage facilities is due to the growing demand from consumers, which is a result of the changing lifestyles and advanced technologies.
• The expansion of retail food chains by multinational companies has led to an increase in the demand for cold storage. These factors, in turn, are expected to augment the demand for building insulation materials across the region. For instance, the US retail giant Walmart plans to invest around CNY 8 billion (USD 1.2 billion) into its distribution centers in China over the next two decades.
• Based on the aforementioned aspects, the Industrial segment is expected to dominate the market in the forecast period.

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