Structural Insulated Panels Market - Industry Trends and Forecast to 2028
MarkNtel Advisors, a prominent market research firm, has recently published a report titled Structural Insulated Panels Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing Structural Insulated Panels market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.
Structural Insulated Panels Reports Highlights
What is the size of the Structural Insulated Panels Market?
The Global Structural Insulated Panels Market is projected to grow at more than 5% CAGR during the forecast period, i.e., 2023-28. Most of the market expansion is projected to be driven by the mounting demand for SIPs in the globally booming construction sector due to their benefits, including enhanced energy efficiency, cost-effectiveness, and easy operation, as well as their composite nature that makes them highly versatile for any type of construction.
What do the growth prospects and trends look like in the Structural Insulated Panels Industry?
-In December 2021, the Riverside Company, by an affiliate, completed the acquisition of PFB Corporation, a North America-based manufacturer of proprietary insulating building products based on EPS (Expanded Polystyrene) technology.
-The same year in July, Owens Corning announced the acquisition of Vliepa GmbH, which specializes in printing, finishing, and coating of films, papers, & nonwovens for the building materials industry.
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What Components are encompassed within Structural Insulated Panels Market segmentation?
The report has divided the market into the following segments:
By Insulation Material
-Polystyrene
-Polyurethane
-Expanded Polystyrene
By Facing Material
-Oriented Strand Board (OSB)
-Magnesium Oxide Board (MOB)
By Application
-Floor
-Wall
-Ceiling
By Distribution Channel
-Offline
-Online
By End User
-Household
-Commercial
By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific.
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Who are the Primary Companies or Entities active in the Industry?
The report covers the major market players including:
-ACME
-American Insulated Panel
-Extreme Panel
-InGreen Systems
-Kingspan Group PLC
-Owens Corning
-PFB Corporation
-T Clear Corporation
-Enercept
-Foard Panel
-METL Span
-KPS Global
-Isopan
-All Weather Insulated Panel
-Porter Corp.
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