Insulated Panels Market Scope
Insulated panels are high-performance building systems used in residential and light commercial constructions. The insulated panel is a structured composite consisting of an insulating layer of structured boards in the form of a sandwich panel. These are engineered panels used to construct ceilings, walls, and floors. Insulated panels are an ideal substitute for conventional construction methods such as framing lumber and insulation. It can classify as expanded polystyrene insulated panels, Polyisocyanurate and polyurethane insulated panels and compressed straw core insulated panels.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Panel Fab Inc. (United States), Cold Storage Builders (United States), InSoFast, LLC. (United States), Kingspan Group (United States), All Weather Insulated Panels (United States), MBCI (United States), Premier Building Systems (United States), Hemsec Manufacturing Ltd (United Kingdom), Normanton Laminating Services Ltd. (United Kingdom), SIPCO (United Kingdom) and v |
CAGR | 5.9% |
The Market for the Insulated Panels is fragmented with the Presence of Many Players. Leading Players Can Adopt Strategies Like a Merger, Acquisition, Expansion, New Product Launch, in Order to Gain Share Within the Market. Owing to Booming Industrialization & Urbanization, there are Growing Prospects for the New Players to Enter the Market Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Insulated Panels market throughout the predicted period.
Panel Fab Inc. (United States), Cold Storage Builders (United States), InSoFast, LLC. (United States), Kingspan Group (United States), All Weather Insulated Panels (United States), MBCI (United States), Premier Building Systems (United States), Hemsec Manufacturing Ltd (United Kingdom), Normanton Laminating Services Ltd. (United Kingdom), SIPCO (United Kingdom) and v are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Euroclad Group Ltd. (United Kingdom), Jiangsu Spanl Co.,Ltd (China), Shanghai TaiChun technology co., LTD (China), Fujian Golden Bamboo Industry Co., LTD (China) and Yantai Feilong International Trading Co., Ltd. (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Insulated Panels market by Type , by Application (Residential and Commercial) and Region with country level break-up.
On the basis of geography, the market of Insulated Panels has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
On 20 December 2023, Recticel Group signed an agreement to acquire REX Panels & Profiles in Belgium, a move that will allow us to accelerate our position in the growing insulated panels market. The acquisition was successfully completed on January 10, 2024.
In November 2023, Kingspan Group unveiled HemKor, a bio-based insulation panel largely made of hemp. This product is part of Kingspan's commitment to reducing embodied carbon emissions in buildings.
Influencing Trend:
The demand for green construction is increasing
Market Growth Drivers:
The rising demand for Government infrastructure activities leads to the growth in insulated panels, The demand for insulated panels for high weather resistance and durability in residential building is rising and The use of insulated panels as cold rooms in the food and beverage industry is growing
Challenges:
Risk of burn and smoke inhalation is there in insulated panels made of oriented strand board
Restraints:
Moisture, mold, and rot can cause damages to insulated panels made of plywood
Opportunities:
The rising use of insulated panels by the middle class family due to its affordability and cost-effective
Key Target Audience
New Entrants/Investors, Insulated panels Manufacturers, Analysts and Strategic Business Planners and Providers, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry