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Structural Insulated Panels Market - Growth, Trends, and Forecast (2020 - 2025)
The market is segmented by Product (EPS Panel, PUR and PIR Panel, Glass Wool Panel, and Other Products), Application (Building Wall, Building Roof, and Cold Storage), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)
- ABOUT THIS REPORT
- Market Summary
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Summary
Study Period:
2016-2025
Base Year:
2019
Fastest Growing Market:
Asia Pacific
Largest Market:
North America
CAGR:
6 %
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Market Overview
The global structural insulated panel market is expected to register healthy growth, at an estimated CAGR of over 6% through the forecast period. The 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 are expected to hinder the growth of the market studied.
- The building wall segment is expected to dominate the market and expand at the fastest CAGR uring the forecast period. This is due to the robust demand from the residential sector.
- North America dominated the market, holding a share of over 35%. This growth is primarily due to rising construction activities in Canada and Mexico.
Scope of the Report
The global structural insulated panels market report include:
| Product | |
| EPS (Expanded Polystyrene) 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 | ||||||||
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Key Market Trends
Increasing Demand for Building Walls
- Structural insulated wall panels are generally available in thicknesses of 4-1/2 inches and 6-1/2 inches. Manufacturing of curved wall panels are 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 the insulation and structure 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 structural 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 airtight envelope contributes to the higher whole wall R-value of structural insulated wall panels, compared to the conventional metal and wood stud walls
- The total volume of the panels used as structural insulated wall panels is much higher, compared to the volume of the panels used as structural insulated roof panels.
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North America Region to Dominate the Market
- North America region dominated the global market share.
- The construction industry in the United States has witnessed an increase in the private construction spending over the years.
- The US Census Bureau has been providing more permits for the construction of new residential buildings due to the current trend of multi-family building, along with a rise in the migration to cities.
- In the non-residential construction sector, major growth was witnessed in the number of healthcare, commercial and office buildings. The investments in transportation, communication and power infrastructure have also witnessed a growth.
- Reduction in the average household sizes has also been a driving factor for the growth of new home constructions in the United States, with single-family housings growing at a rapid rate.
- The aforementioned factors are driving the consumption of the structural insulated panel that are used for residential constructions, in the United States.
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Competitive Landscape
The global structural insulated panels market is a highly fragmented market with no major player accounting for a prominent share in the global market. Most of the market leaders are forward integrated, i.e., they produce structural insulated panels along with providing installations and maintenance services. Premier Building Systems is the leading manufacturer of structural insulated panels in the North America region. Some of the major players include Premier Building Systems, Kingspan Group, Rautaruukki Corporation, PFB Corporation, and Owens Corning.
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Table Of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Demand from the Construction Sector
4.1.2 Increasing Cold Storage Applications
4.2 Restraints
4.2.1 Advancements in Building Technologies such as Modular Construction Techniques
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 Product
5.1.1 EPS (Expanded Polystyrene) Panel
5.1.2 Rigid Polyurethane (PUR) and Rigid Polyisocyanurate (PIR) Panel
5.1.3 Glass Wool Panel
5.1.4 Other Products (Extruded Polystyrene Foam)
5.2 Application
5.2.1 Building Wall
5.2.2 Building Roof
5.2.3 Cold Storage
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.2.4 Rest of North America
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 Italy
5.3.3.4 France
5.3.3.5 Russia
5.3.3.6 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Alubel SpA
6.4.2 ArcelorMittal
6.4.3 BALEX-METAL
6.4.4 DANA Group of Companies
6.4.5 Isopan (Manni Group SpA)
6.4.6 Italpannelli SRL
6.4.7 Jiangsu Jingxue Insulation Technology Co. Ltd
6.4.8 Kingspan Group
6.4.9 Marcegaglia SpA
6.4.10 Metecno
6.4.11 Multicolor Steels (India) Pvt Ltd
6.4.12 NCI Building Systems
6.4.13 Nucor Building Systems
6.4.14 Owens Corning
6.4.15 PFB Corporation
6.4.16 Premier Building Systems
6.4.17 Rautaruukki Corporation
6.4.18 Tata Steel Europe Limited
6.4.19 Zamil Steel Pre-Engineered Buildings Co. Ltd
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Increase in Demand from Emerging Economies
*List Not Exhaustive
** Subject to Availability
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