Insulated Metal Wall Panels Market Scope
Insulated metal panels are structural panels used in the construction of buildings. Sandwiched composite panels have a lightweight insulating foam core sandwiched between metal coverings. These panels are lightweight, have excellent insulating characteristics, and are simple and quick to install. In comparison to other wall components, insulated metal panels are cost-effective and economical due to their ease of installation. They aid in the improvement of building energy efficiency and the reduction of carbon emissions. They're commonly utilized to build roofs and walls in commercial buildings, architectural structures, and cold storage structures, among other things. In comparison to more prevalent ways of house construction, the primary advantage of these panels is that they provide excellent and homogeneous insulation. IWPs create a more airtight home when placed properly, making the building more pleasant, energy-efficient, and quieter. The market is driven by the rise of the construction sector, which is driven by urbanization and simplified utility, as well as decreased costs of insulated wall panels.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Owens Corning (United States), Kingspan Group (Ireland), PFB Corporation (Canada), Alubel SpA (Italy), Zamil Industrial (Saudi Arabia), Foard Panel Inc. (United States), Extreme Panel Technologies, Inc. (United States), T. Clear Corporation (United States), Premier SIPs (United States) and ACME Panel Company (United States) |
CAGR | 3.8% |
The key manufacturers are targeting the innovations of the products with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Insulated Metal Wall Panels market throughout the predicted period.
Owens Corning (United States), Kingspan Group (Ireland), PFB Corporation (Canada), Alubel SpA (Italy), Zamil Industrial (Saudi Arabia), Foard Panel Inc. (United States), Extreme Panel Technologies, Inc. (United States), T. Clear Corporation (United States), Premier SIPs (United States) and ACME Panel Company (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Manni Group SpA (Italy) and Enercept, Inc. (United States).
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 Metal Wall Panels market by Type , by Application (Residential Building and Commercial Building) and Region with country level break-up.
On the basis of geography, the market of Insulated Metal Wall 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
In December 2022, Dow announced the launch of V PLUS Perform next, an evolution of its legacy V PLUS Perform™ polyurethane technology for insulated metal panels. This new product combines high-performance energy efficiency and fire safety features with low carbon and circular ingredients designed to customer specifications.
August 2020 – Owens Corning announced a new product line: FOAMULAR NGX (Next Generation Extruded). The proprietary blowing agent in this new line of extruded polystyrene (XPS) foam products delivers a 90% reduction in global warming potential (GWP) without sacrificing product performance.
Influencing Trend:
Population Growth and Rapid Urbanization Translating into Large Number of Construction Projects
Market Growth Drivers:
Increasing Demand of Structural Insulated Panels for Cold Storage and Stringent Regulations to Reduce Greenhouse Gas Emission
Challenges:
Lack of Awareness about Structural Insulated Panels
Restraints:
Advancements in Building Technologies such as Modular Construction Techniques
Opportunities:
Supportive Building Regulations
Key Target Audience
Manufacturers of Insulated Metal Wall Panels, Suppliers of Insulated Metal Wall Panels, Wholesalers, Distributors and Retailers of Insulated Metal Wall Panels, Construction Industry and Governmental Bodies