Structural Insulated Panels Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Structural Insulated Panels Market Report Segments the Industry by Product (EPS (Expanded Polystyrene) Panels, Glass-Wool Panels, and More), Skin Material (Oriented Strand Board (OSB), Plywood, and More), Application (Building Wall, Building Roof, and More), End-User Industry (Residential, Commerical, and More), and Geography (Asia-Pacific, North America, and More). The Market Forecasts are Provided in Terms of Value (USD).

Structural Insulated Panels Market Size and Share

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Structural Insulated Panels Market Analysis by Mordor Intelligence

The structural insulated panels market is valued at USD 587.06 million in 2025 and is forecast to reach USD 791.19 million by 2030, advancing at a 6.15% CAGR. Strong momentum stems from tighter energy-efficiency codes, accelerating prefabrication adoption, and expanding cold-chain infrastructure. North America retains regulatory leadership, while Asia-Pacific posts the fastest volume gains due to rapid urbanization. Data-center construction and temperature-controlled logistics open premium niches that spur product innovation. Meanwhile, supply-chain volatility for oriented strand board (OSB) and higher upfront costs remain near-term brakes on broad adoption. 

Key Report Takeaways

  • By product, expanded polystyrene (EPS) held 79.87% of the structural insulated panels market share in 2024, and is set to grow at the fastest CAGR of 6.29% through 2030.
  • By skin material, OSB accounted for 57.28% of revenue in 2024, whereas alternative skins such as steel and fiber-cement are projected to expand at a 7.06% CAGR to 2030.
  • By application, building walls commanded 58.96% of the structural insulated panels market size in 2024 and will advance at a 6.67% CAGR between 2025-2030.
  • By end-user industry, the residential segment led with 62.18% revenue share in 2024 and is poised for a 6.95% CAGR to 2030.
  • By region, North America captured 37.12% of global revenue in 2024; Asia-Pacific is the fastest-growing region with a 7.28% CAGR through 2030. 

Segment Analysis

By Product: EPS Dominance Drives Market Leadership

EPS panels held 79.87% of 2024 revenue, underlining the material’s cost-performance balance as builders adopt SIP shells to comply with stricter codes. This dominant slice of the structural insulated panels market size aligns with widespread EPS manufacturing capacity, which ensures stable pricing and supply in North America and Asia-Pacific. Lightweight boards also reduce freight, letting developers tap rural lots with limited crane access. 

Over 2025-2030, the structural insulated panels market expects EPS volumes to grow at 6.29% CAGR, supported by flame-retardant grades and recycled content innovations. PUR/PIR panels protect cold rooms and cleanrooms where lower k-values and closed-cell rigidity justify higher cost. Vacuum-insulated and aerogel-core concepts show promise in net-zero prototypes yet remain niche due to price and handling complexity. In parallel, glass-wool cores attract acoustic projects, broadening the structural insulated panels industry toolkit for architects seeking multifunctional assemblies. 

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Note: Segment Share of all individual segments available upon report purchase

By Skin Material: OSB Leadership Faces Innovation Pressure

OSB skins accounted for 57.28% of structural insulated panels market share in 2024, leveraging familiarity among framing crews and compatibility with fasteners used in conventional stick-built walls. Builders appreciate OSB’s screw-withdrawal strength that supports direct cladding attachment without furring strips. 

However, beetle-related fiber shortages and mill fires have spotlighted supply risk, nudging designers toward steel, fiber-cement, and magnesium-oxide skins growing at 7.06% CAGR through 2030. Metal facings serve data-center envelopes where non-combustibility and electromagnetic shielding matter, while MgO boards provide mold resistance in humid climates. These alternatives diversify procurement, although retrofit crews must adjust tooling and fastener choices, extending learning curves in the structural insulated panels market. 

By Application: Building Walls Lead Multi-Segment Growth

Building walls generated 58.96% of global revenue in 2024, equating to the largest slice of the structural insulated panels market size because energy codes prioritize continuous insulation around conditioned spaces. Blower-door tests showing 0.87 ACH50 validate SIP envelopes as a practical path to Net-Zero-Ready status without complex air-sealing steps. 

Roof applications contribute the next-largest revenue pool because the self-spanning nature of SIP roofs eliminates rafters, giving vaulted ceilings and design freedom valued in custom homes. Cold storage will outpace average growth through 2030 as emerging markets scale frozen-food supply chains. Meanwhile, data-center shell demand accelerates because every 1 MW IT load can require 4–5 MW cooling capacity, pushing owners toward high-R shells that curb operating expenses[2]Natural Resources Canada, “Forest Products Statistical Yearbook 2024,” natural-resources.canada.ca.  

By End-User Industry: Residential Sector Drives Market Expansion

Residential builders represented 62.18% of the structural insulated panels market revenue in 2024 and will post a 6.95% CAGR through 2030 on the strength of national housing incentives and private subdivision roll-outs. Panels help tract developers meet code while shaving schedule days, which shortens interest carry on land and funding lines. 

Commercial adoption rises steadily as office landlords chase LEED points and occupant wellness certifications. Institutional owners, notably schools replacing aging portables, favor SIP classrooms that arrive pre-wired and HVAC-ready. Industrial facilities adopt thicker PUR/PIR panels for process-controlled interiors, while non-residential retrofits under the U.S. Department of Energy’s Affordable Home Energy Shot open a multi-billion-square-foot canvas for envelope upgrades[3]U.S. Department of Energy, “Affordable Home Energy Shot,” energy.gov

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Note: Segment Share of all individual segments available upon report purchase

Geography Analysis

North America captured 37.12% of global revenue in 2024, anchored by the United States where IECC 2021 adoption for federally backed mortgages effectively makes SIP-level performance mainstream for new housing. Canadian manufacturers supply both domestic framers and U.S. projects despite trade-tariff friction, and the cold regional climate reinforces the need for high-R assemblies. Rapid data-center construction in Virginia, Texas, and Québec injects a premium commercial stream into the structural insulated panels market. 

Asia-Pacific logs the fastest regional CAGR at 7.28% to 2030. China’s new-build floor-area quotas include green-building ratios that elevate SIP use in apartment blocks, while India’s Smart Cities program funds modular affordable housing where panels accelerate site turnover. Local EPS resin capacity and competitive labor help keep delivered panel cost low, encouraging uptake even among smaller developers. Japan’s seismic codes spur hybrid timber-steel SIP designs that pair light weight with moment-frame resilience, widening architectural acceptance. 

Europe maintains stable demand underpinned by the Energy Performance of Buildings Directive, which increasingly channels renovation budgets into envelope first strategies. Scandinavian builders integrate cross-laminated timber skins with EPS cores to produce carbon-negative modular cottages, whereas Germany and the Netherlands drive public procurement toward low-embodied-carbon materials. Outside the big three regions, the Middle East funds cold-store capacity for regional food security, and Chile experiments with SIP social-housing prototypes that withstand seismic events. 

Structural Insulated Panels Market
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Competitive Landscape

The structural insulated panels market is moderately fragmented. Kingspan Group leads through a EUR 4.74 billion insulated-panels division that leverages 30-plus manufacturing sites and proprietary QuadCore foam chemistry, which accounts for nearly 29% of its insulated-panel revenue. Carlisle Companies deepened its position by agreeing to acquire Insulspan and Plasti-Fab for USD 260 million, adding vertically integrated EPS capacity and expanding distribution in western Canada and the Midwest. Strategy centers on factory automation and digital twins. Landscape-side robotics reduces trimming waste to below 2%, while BIM object libraries simplify design integration for architects, shrinking the detailing cycle by 30%. 

Structural Insulated Panels Industry Leaders

  1. Owens Corning

  2. Kingspan Group

  3. Carlisle Companies Inc.

  4. Metecno

  5. Metl-Span

  6. *Disclaimer: Major Players sorted in no particular order
Structural Insulated Panels Market Concentration
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Recent Industry Developments

  • December 2024: Carlisle Companies Inc. signed a definitive agreement to acquire the Plasti-Fab and Insulspan divisions of PFB Corporation (PFB), a portfolio company of Riverside Company. Specializing in Structural Insulated Panels (SIPs), the divisions are being acquired for approximately USD 260 million.
  • August 2024: Kingspan has introduced the K-Roc wall and ceiling panels, manufactured locally at its St Mary's, Sydney facility. Designed for high thermal performance and fire rating levels, K-Roc panels meet clause C2D10 (6)(g) of the National Construction Code (NCC), making them suitable for applications requiring non-combustible materials.

Table of Contents for Structural Insulated Panels Industry Report

1. Introduction

  • 1.1 Study Assumptions & Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Energy-efficiency regulations accelerating adoption
    • 4.2.2 Expansion of global cold-chain infrastructure
    • 4.2.3 Rising affordable-housing & residential remodeling
    • 4.2.4 Growing preference for rapid, off-site construction
    • 4.2.5 Carbon-credit monetisation for timber-based SIPs
  • 4.3 Market Restraints
    • 4.3.1 Higher upfront costs vs. conventional framing
    • 4.3.2 Substitution threat from advanced prefab wall systems
    • 4.3.3 OSB supply volatility (beetle infestation & mill outages)
  • 4.4 Value Chain Analysis
  • 4.5 Porter’s Five Forces
    • 4.5.1 Bargaining Power of Suppliers
    • 4.5.2 Bargaining Power of Buyers
    • 4.5.3 Threat of New Entrants
    • 4.5.4 Threat of Substitute Products & Services
    • 4.5.5 Degree of Competition

5. Market Size & Growth Forecasts (Value)

  • 5.1 By Product
    • 5.1.1 EPS (Expanded Polystyrene) Panels
    • 5.1.2 Rigid Polyurethane (PUR) and Rigid Polyisocyanurate (PIR) Panels
    • 5.1.3 Glass-wool Panels
    • 5.1.4 Other Products (e.g., Vacuum-insulated, etc.)
  • 5.2 By Skin Material
    • 5.2.1 Oriented Strand Board (OSB)
    • 5.2.2 Plywood
    • 5.2.3 Other Skin Materials (Fibre-cement Board, Galvanised Steel Sheet), etc.)
  • 5.3 By Application
    • 5.3.1 Building Wall
    • 5.3.2 Building Roof
    • 5.3.3 Cold Storage
    • 5.3.4 Other Modular Structures (e.g., Data Centres, Floor and Deck, etc.)
  • 5.4 By End-User Industry
    • 5.4.1 Residential
    • 5.4.2 Commercial
    • 5.4.3 Industrial and Institutional
  • 5.5 Geography
    • 5.5.1 Asia-Pacific
    • 5.5.1.1 China
    • 5.5.1.2 India
    • 5.5.1.3 Japan
    • 5.5.1.4 South Korea
    • 5.5.1.5 Rest of Asia-Pacific
    • 5.5.2 North America
    • 5.5.2.1 United States
    • 5.5.2.2 Canada
    • 5.5.2.3 Mexico
    • 5.5.3 Europe
    • 5.5.3.1 Germany
    • 5.5.3.2 United Kingdom
    • 5.5.3.3 France
    • 5.5.3.4 Italy
    • 5.5.3.5 Rest of Europe
    • 5.5.4 South America
    • 5.5.4.1 Brazil
    • 5.5.4.2 Argentina
    • 5.5.4.3 Rest of South America
    • 5.5.5 Middle East and Africa
    • 5.5.5.1 Saudi Arabia
    • 5.5.5.1.1 South Africa
    • 5.5.5.1.2 Rest of Middle East and Africa

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share(%)/Ranking Analysis
  • 6.4 Company Profiles {(includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products & Services, and Recent Developments)}
    • 6.4.1 Alubel SpA
    • 6.4.2 ArcelorMital
    • 6.4.3 Balex-Metal
    • 6.4.4 Carlisle Companies Inc.
    • 6.4.5 Cornerstone Building Brands, Inc.
    • 6.4.6 DANA Group of Companies
    • 6.4.7 Italpannelli SRL
    • 6.4.8 Jiangsu Jingxue Energy Saving Technology Co., Ltd.
    • 6.4.9 Kingspan Group
    • 6.4.10 Manni Group
    • 6.4.11 Metecno
    • 6.4.12 Multicolor Steels (India) Pvt. Ltd.
    • 6.4.13 Nucor Building Systems
    • 6.4.14 Owens Corning
    • 6.4.15 Premium Building Systems
    • 6.4.16 Rautaruukki Corporation (Ruukki Construction)
    • 6.4.17 Structall Building Systems
    • 6.4.18 Tata Steel
    • 6.4.19 Thermocore Structural Insulated Panel Systems
    • 6.4.20 Zamil Steel Buildings India Private Limited

7. Market Opportunities & Future Outlook

  • 7.1 White-space & Unmet-need Assessment
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Global Structural Insulated Panels Market Report Scope

Structural insulated panels are high-performance building systems used in construction applications. These panels are used for the construction of ceilings, walls, and floors for residential as well as light commercial properties. A structural insulated panel is a sandwich-structured composite that consists of an insulating layer of rigid core sandwiched between two layers of structural board, which makes them much more energy efficient than traditional building materials as it helps in regulating temperature more efficiently. The structural insulated panels market is segmented by product, application, and geography. By product, the market is segmented into expanded polystyrene panels, rigid polyurethane and rigid polyisocyanurate panels, glass wool panels, and other products. By skin material, the market is segmented into oriented strand board, plywood, and other skin materials. By application, the market is segmented into building walls, building roofs, and cold storage. The report also covers the market size and forecast for the market in 15 countries across major regions. For each segment, market sizing and forecasting have been done based on revenue (USD million).

By Product EPS (Expanded Polystyrene) Panels
Rigid Polyurethane (PUR) and Rigid Polyisocyanurate (PIR) Panels
Glass-wool Panels
Other Products (e.g., Vacuum-insulated, etc.)
By Skin Material Oriented Strand Board (OSB)
Plywood
Other Skin Materials (Fibre-cement Board, Galvanised Steel Sheet), etc.)
By Application Building Wall
Building Roof
Cold Storage
Other Modular Structures (e.g., Data Centres, Floor and Deck, etc.)
By End-User Industry Residential
Commercial
Industrial and Institutional
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle East and Africa Saudi Arabia South Africa
Rest of Middle East and Africa
By Product
EPS (Expanded Polystyrene) Panels
Rigid Polyurethane (PUR) and Rigid Polyisocyanurate (PIR) Panels
Glass-wool Panels
Other Products (e.g., Vacuum-insulated, etc.)
By Skin Material
Oriented Strand Board (OSB)
Plywood
Other Skin Materials (Fibre-cement Board, Galvanised Steel Sheet), etc.)
By Application
Building Wall
Building Roof
Cold Storage
Other Modular Structures (e.g., Data Centres, Floor and Deck, etc.)
By End-User Industry
Residential
Commercial
Industrial and Institutional
Geography
Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle East and Africa Saudi Arabia South Africa
Rest of Middle East and Africa
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Key Questions Answered in the Report

What is the current Structural Insulated Panels Market size?

The global structural insulated panels market size stands at USD 587.06 million in 2025 and is projected to reach USD 791.19 million by 2030 at a 6.15% CAGR.

Which product type leads the structural insulated panels market?

Expanded polystyrene panels lead with 79.87% revenue share in 2024 thanks to their cost-effective thermal performance.

Which region is the fastest-growing market for structural insulated panels?

Asia-Pacific posts the fastest growth at a 7.28% CAGR through 2030 due to extensive urbanization and cold-chain expansion.

What major challenge could slow structural insulated panels market growth?

Volatile OSB supply and initial cost premiums over stick framing can curb adoption in price-sensitive segments until alternative facing materials and incentives offset those barriers.

Page last updated on: June 24, 2025

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