Global Structural Insulated Panels Market Outlook, 2019-2024 – A Highly Fragmented Market with No Major Player Accounting for a Prominent Share – ResearchAndMarkets.com
Insulated Panels Market – Growth, Trends, and Forecast (2019 – 2024)”
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The global structural insulated panel market is expected to register
healthy growth, by 2024, at an estimated CAGR of 6.13% over 2019-2024.
The major factors driving the market studied are the increasing demand
from the construction sector and increasing cold storage applications.
Advancements in building technologies such as modular construction
techniques are expected to hinder the growth of the market studied.
In 2018, the building wall segment is expected to dominate the market
and expand at the fastest CAGR of 6.39% during the forecast period. This
is due to the robust demand from the residential sector.
In 2017, North America dominated the market, holding a share of almost
37%, and is expected to register a CAGR of 6.21% during the forecast
period. This growth is primarily due to rising construction activities
in Canada and Mexico.
Key Market Trends
Increasing Demand for Building Walls
Structural insulated wall panels are generally available in thicknesses
of 4-1/2 inches and 6-1/2 inches. Manufacturing of curved wall panels
are possible and it is often more practical to use stud framing for
The whole wall R-value of a wall assembly is currently the best and the
most followed method of quantifying the total thermal performance. The
whole wall R-value takes the resistance of heat flown through an opaque
cross-sectional area of the insulation and structure into the account
while the total loss of energy at the interfaces of the wall with the
roof and floor are accounted.
The whole wall R-value of a 4-inch structural insulated wall panel is
14, whereas for a 2×4 wall is less than 10. The whole wall R-value of a
2×6 wall is between 11 and 13.7 depending on the quality of the
installation of batt insulation.
The elimination of thermal bridging and a more airtight envelope
contributes to the higher whole wall R-value of structural insulated
wall panels, compared to the conventional metal and wood stud walls.
The total volume of the panels used as structural insulated wall panels
is much higher, compared to the volume of the panels used as structural
insulated roof panels.
North America Region to Dominate the Market
North America region dominated the global market share in 2017. The
construction industry in the United States has not been the same in 2017
as it was in the past three years. An increase has been observed in
private construction spending over the years. The residential and
non-residential construction in 2017 has increased significantly
compared to the previous years and is likely to grow in 2018.
The global structural insulated panels market is a highly fragmented
market with no major player accounting for a prominent share in the
Most of the market leaders are forward integrated, i.e., they produce
structural insulated panels along with providing installations and
Premier Building Systems is the leading manufacturer of structural
insulated panels in the North America region.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 Research Methodology
3 Executive Summary
4 Market Dynamics
4.1.1 Increasing Demand from the Construction Sector
4.1.2 Increasing Cold Storage Applications
4.2.1 Advancements in Building Technologies such as Modular Construction
4.3 Industry Value-Chain Analysis
4.4 Porters 5 Force Analysis
5 Market Segmentation
5.1.1 EPS (Expanded Polystyrene) Panel
5.1.2 Rigid Polyurethane (PUR) and Rigid Polyisocyanurate (PIR) Panel
5.1.3 Glass Wool Panel
5.1.4 Other Products (Extruded Polystyrene Foam)
5.2.1 Building Wall
5.2.2 Building Roof
5.2.3 Cold Storage
5.3.2 North America
5.3.4 South America
5.3.5 Middle East & Africa
6 Competitive Landscape
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
6.2 Market Share Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Alubel SpA
6.4.4 DANA Group of Companies
6.4.5 Isopan (Manni Group SpA)
6.4.6 Italpannelli SRL
6.4.7 Jiangsu Jingxue Insulation Technology Co. Ltd.
6.4.8 Kingspan Group
6.4.9 Marcegaglia SpA
6.4.11 Multicolor Steels (India) Pvt. Ltd.
6.4.12 NCI Building Systems
6.4.13 Nucor Building Systems
6.4.14 Owens Corning
6.4.15 PFB Corporation
6.4.16 Premier Building Systems
6.4.17 Rautaruukki Corporation
6.4.18 Tata Steel Europe Limited
6.4.19 Zamil Steel Pre-Engineered Buildings Co. Ltd.
7 Market Opportunities and Future Trends
7.1 Increase in Demand from Emerging Economies
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