Global Structural Insulated Panels Market 2020-2025 with Owens Corning, Kingspan, PFB, Alubel, Enercept, Foard Panel, Extreme Panel Technologies, T. Clear, and Premier SIPs Dominating

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Dublin, Dec. 22, 2020 (GLOBE NEWSWIRE) -- The "Global Structural Insulated Panels Market by Facing Material (OSB, MgO Board, Others), Insulation Material (EPS, XPS, Others), Application (Floor, Roof, Wall), End-use (Residential, Non-Residential) and Region - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global structural insulated panels market is projected to grow from USD 405 million in 2020 to USD 517 million by 2025, at a Compound Annual Growth Rate (CAGR) of 5%.

The market study covers the structural insulation panels market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on facing material, insulation material, application, end use, and region.

The study also includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to enhance their position in the structural insulation panels market.

The global structural insulated panels industry has witnessed high growth primarily because of the increasing demand for green and energy-efficient buildings worldwide. Demand for sustainable, cost-effective, and durable insulation panels for buildings, and rise in demand for cold storage applications is another key factor contributing towards the increasing growth of the structural insulated panels market over the next few years.

In terms of both value and volume, OSB segment to lead the structural insulated panels market by 2025

The OSB segment is expected to lead the global structural insulated panels market by 2025. It is further projected to grow at the highest CAGR from 2020 to 2025. OSB has been extensively tested as a load bearing material, and is commonly available in large sizes. It is widely used throughout the construction industry due to its excellent load-bearing capabilities.

In terms of both value and volume, EPS is projected to be the fastest-growing segment from 2020 to 2025, for structural insulated panels

EPS is projected to be the largest and the fastest-growing segment in the structural insulated panels market. Expanded Polystyrene (EPS) is the most common core material, used in more than 85% of the total structural insulated panels. It generally does not release ozone-depleting Chlorofluorocarbons (CFCs). EPS has been utilized as a cost-effective and energy-efficient insulation in construction applications.

In terms of both value and volume, non-residential is projected to be the fastest-growing segment from 2020 to 2025, for structural insulated panels

Non-residential is projected to be the fastest-growing segment in the structural insulated panels market. Increase in awareness regarding the energy-efficient building concept, renovation & remodeling activities, along with considerable growth in the industrial and commercial sectors, are some of the key factors boosting the growth of the non-residential segment.

In terms of both value and volume, the Asia-Pacific structural insulated panels market is projected to grow at the highest CAGR during the forecast period

In terms of value and volume, the Asia-Pacific region is projected to grow at the highest CAGR from 2020 to 2025. Growing population, rapid urbanization, and construction sector growth are among the key factors propelling industry expansion in the region during the forecast period. New building constructions with improved energy-efficient solutions for residential and commercial sectors in several APAC countries are fueling the demand for structural insulation panels in the region.

The global structural insulation panels market comprises major manufacturers, such as Owens Corning (US), Kingspan Group (Ireland), PFB Corporation (Canada), Alubel S.p.A. (Italy), Enercept, Inc. (US), Foard Panel Inc. (US), Extreme Panel Technologies, Inc. (US), T. Clear Corporation (US), and Premier SIPs (US).

Market Dynamics

Drivers

  • Increasing Demand of Structural Insulated Panels for Cold Storage
  • Stringent Regulations to Reduce Greenhouse Gas Emission

Restraints

  • Volatility in Raw Material Prices

Opportunities

  • Population Growth and Rapid Urbanization Translating into Large Number of Construction Projects
  • Supportive Building Regulations

Challenges

  • Lack of Awareness About Structural Insulated Panels

Tariff and Regulatory Analysis

Relevant Codes and Standards

Tax Credit & Incentives

Ecosystem Map

Case Study Analysis

  • Non-Residential
  • Renovation with SIPs
  • Residential
  • Single Family Residence
  • Large Residential - Single Family Homes

Companies Mentioned

  • Acme Panel
  • Alubel S.p.A.
  • Aryus Manufacturing
  • Eagle Panel Systems, Inc.
  • Enercept, Inc.
  • Extreme Panel Technologies, Inc.
  • FischerSIPs
  • Foam Laminates of Vermont
  • Foard Panel Inc.
  • Greenix Panel Systems
  • ICS Eco-SIPs
  • Kingspan Group
  • Korwall Industries
  • M-SIPs, Inc.
  • Owens Corning
  • PFB Corporation
  • Porter Corp.
  • Premier SIPs
  • R-Control
  • Simply SIPs
  • Spanels
  • Structural Panels Inc.
  • T. Clear Corporation
  • The Murus Company, Inc.
  • Thermocore Structural Insulated Panel Systems

For more information about this report visit https://www.researchandmarkets.com/r/dxkuwv

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