About Structural Insulated Panels
Structural Insulated Panel is referred to prefabricated building system for resident light for commercial construction. They are consisting of insulated foam core sandwich between two structural facing of oriented standard board. The Structural Insulated Panel is a manufactured under factory control condition and can fabricate to fit nearly any building designs. These systems are extremely strong, energy efficient and cost effective. The market is expected to witness the significant growth in adaption of construction of green and energy efficient buildings. The main factors of influencing the demand of Structural Insulated Panels growing usage in ware housing and storage system of temperature of sensitively pharmaceutical and retail products.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 5.2% |
A manufacturers and Suppliers attempting to meet a growing demand with Structural insulator panels. Companies in market are targeted on product innovation, Research and developments and partnership raising in competition. Also, the investment in expanding the production capacities and improving distributing networks with focused on increasing thermal performance, durability and manufacturers are working towards advance Structural Insulator Panels. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Structural Insulated Panels market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Kingspan (Ireland), Metecno (India), Isopan (Italy), NCI Building Systems (United States), TATA Steel (India), ArcelorMittal (Europe), Raycore (India), Premier (United States), Extreme Panel Technologies, Inc (United States) and Insulspan (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Alubel SpA (Italy), T Clear Corporation (United States), PFB Corporation (Canada), Enercept Inc. (United States) and Foard Panel (United States).
Segmentation Overview
AMA Research has segmented the market of Global Structural Insulated Panels market by Type (Polystyrene Panels, Polyurethan Panels, Polyisocyanurate Panels, Glass Wood Panels and Others), Application (Residential Construction, Commercial Construction, Industrial Buildings, Cold Storage Facilities, Educational Institutes and Modular Construction) and Region.
On the basis of geography, the market of Structural 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). If we see Market by End Users, the sub-segment i.e. Residential will boost the Structural Insulated Panels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Applications, the sub-segment i.e. Walls and floors will boost the Structural Insulated Panels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing adoption of structural insulated panels in the construction of energy efficiency and sustainable buildings
Market Growth Drivers:
Rise in need for structural insulated panel for cold storage applications
Challenges:
Limited Architecture Flexibility
Restraints:
Fluctuation of raw material prices
Opportunities:
Growth in Construction Industries, Governments Incentives and subsidies and Rising demand for Green buildings
Market Leaders and their expansionary development strategies
In July 2022, Sika Corporation, a specialty chemical manufacturer based in Europe, signed a partnership arrangement with All-Weather Insulated Panels (AWIP) both firms collaborated to develop AWIP's OneDek insulated roof deck panel and Sika's Sarnafil PVC roof membrane, which is completely warranted by Sika Sarnafil.
In November 2022, Owenes Corning introduced its FOAMGLAS Perinsul structural insulated panels act as thermal bridge solution for high performance building which was made of cellular glass that will help to eliminate thermal bridging, increase energy efficiency and minimize performance loss in moisture exposure
The U.S Department of Energy has established minimum energy efficiency standards for SIPs used in new construction. These requirements are updated periodically to reflect the latest advances in technology and energy efficiency. and The International Code Council (ICC) requires that all buildings constructed with SIPs must meet minimum standards for thermal insulation, air infiltration, water penetration resistance, and structural load capacity.
Key Target Audience
Construction Companies, Architects and designers, Regulatory Authorities and End Users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.