The research study conducted by Report Ocean on the “ Structured Insulated Panels Market ” spans over 100+ pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each section of the report is meticulously prepared to scrutinize key aspects of the market. Moreover, it includes a detailed analysis of current applications, comparing them while focusing on opportunities, threats, and conducting a competitive analysis of major companies.
Global Structured Insulated Panels Market is anticipated to grow with a healthy growth rate of more than 6% over the forecast period 2023-2030. Structured Insulated Panels (SIPs) are building panels composed of a rigid foam insulation core sandwiched between two layers of structural facing materials, typically oriented strand board (OSB) or plywood. The insulation core provides excellent thermal resistance, while the facing materials provide structural strength and rigidity. SIPs are prefabricated in factory-controlled conditions and can be customized to fit specific building requirements. They are used as a construction material for walls, roofs, and floors in residential, commercial, and industrial buildings, offering energy efficiency, faster installation, and improved structural performance compared to traditional construction methods. The driving factors boosting the market growth are higher thermal resistance compared to traditional building materials and faster construction with cost savings. The higher thermal resistance offered by innovative building materials enhances energy efficiency and occupant comfort, potentially leading to long-term savings on energy bills. Simultaneously, faster construction techniques provide time and cost advantages by expediting project completion and reducing labor and material expenses. These combined benefits make these approaches appealing to the construction industry and building owners seeking sustainable, cost-effective, and efficient solutions.
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According to the US Department of Energy, SIPs can reduce energy costs by 12% to 14% in residential buildings. SIPs offer higher thermal resistance than traditional building materials, resulting in reduced energy consumption for heating and cooling and contributing to energy efficiency and sustainability. SIPs’ pre-fabricated nature enables faster construction. The National Association of Home Builders (NAHB) in 2018, states that SIPs can reduce construction time by 55% compared to traditional framing methods. The Structural Insulated Panel Association (SIPA) reports that SIPs can save up to 50% in labor costs due to their simplified installation process. Moreover, the growth of the construction industry in developing countries and increasing emphasis on green building initiatives and green practices are expected to create significant opportunities for the market. However, the lack of awareness about Structured Insulated Panels and volatility in raw materials (EPS and XPS) prices stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Structured Insulated Panels Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising demand from the residential sector, well-developed cold chain and logistics industry, and government efforts to build social infrastructure. In January 2023, the U.S. Department of Transportation allocated a total of USD 5 billion for nine mega-construction projects nationwide through the National Infrastructure Project Assistance (Mega) discretionary grant program. Asia Pacific is expected to become the fastest growing during the forecast period, owing to factors such as rapid construction growth in residential and commercial sectors and green building adoption.
Major market player included in this report are:
Cornerstone Building Brands
ArcelorMittal S.A.
Alubel SpA
DANA Group of Companies
Jiangsu Jingxue Insulation Technology Co. Ltd.
Kingspan Group
Manni Group SpA
Nucor Building Systems
Italpannelli SRL
Rautaruukki Corporation
Recent Developments in the Market:
In June 2022, Owens Corning acquired WearDeck, a Florida-based composite decking and structural lumber manufacturer, to enhance its weather-resistant product portfolio and expertise in commercial and residential applications. The acquisition aims to strengthen Owens Corning’s market presence in the decking and lumber industry.
In January 2022, Owens Corning launched FOAMGLAS Perinsul SIP, a thermal bridge solution for high-performance buildings. This new structural insulated panel, composed of cellular glass, effectively eliminates thermal bridging, enhances energy efficiency, and reduces performance degradation in case of moisture exposure.
Global Structured Insulated Panels Market Report Scope:
Historical Data: 2020 – 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Product, Skin Material, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below.
By Product:
EPS (Expanded Polystyrene) Panel
Rigid Polyurethane (PUR) and Rigid Polyisocyanurate (PIR) Panel
Glass Wood Panels
Other Products (Extruded Polystyrene Foam)
By Skin Material:
Oriental Strand Board (OSB)
Plywood
Other Skin Materials (Cement Board)
By Application:
Building Wall
Building Roof
Cold Storage
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Key Questions Answered in the Market Report:
• How did the COVID-19 pandemic have an impact on the adoption of via a range of pharmaceutical and existence sciences companies?
• What is the outlook for the affect market all through the forecast length 2023-2032?
• What are the key developments influencing the have an impact on market? How will they have an impact on the market in short-, mid-, and long-term duration?
• What is the give up person appreciation toward?
• What are the key elements impacting the have an effect on market? What will be there have an impact on in short-, mid-, and long-term duration?
• What are the key possibilities areas in the influence market? What is their workable in short-, mid-, and long-term duration?
• What are the key techniques adopted via groups in the have an effect on market?
• What are the key utility areas of the influence market? Which utility is predicted to keep the very best increase attainable all through the forecast duration 2023-2033?
• What is the favoured deployment mannequin for the impact? What is the boom conceivable of quite a number deployment fashions existing in the market?
• Who are the key cease customers of pharmaceutical quality? What is their respective share in the affect market?
• Which regional market is predicted to maintain the easiest boom possible in the have an impact on market at some stage in the forecast length 2023-2032?
• Which are the key gamers in the have an impact on market?
Growth Hampering Factors in the Market:
- Environmental regulations: Stricter environmental regulations on the production and use of fossil fuels can limit the availability and use of traditional market.
- Safety concerns: Safety concerns regarding the storage and transportation of can limit their use.
- Supply chain disruptions: Disruptions in the global supply chain due to natural disasters, pandemics, or other factors can impact the availability and cost of market.
- Security concerns: Security concerns regarding the transportation and storage of market can limit their use and availability.
- Technological obsolescence: Advances in technology can make existing systems obsolete, leading to reduced demand.
- Competition from alternative fuels: The development of alternative fuels such as biofuels and hydrogen-based fuels can compete with traditional market.
- Volatility in oil prices: Fluctuations in oil prices can affect the cost of market, making it difficult for industry players to predict and plan for costs.
- Economic downturns: Economic downturns can result in reduced demand for air travel and air cargo transportation, leading to a reduction in demand for market.
- Geopolitical tensions: Political instability and tensions between nations can impact the global supply chain for market, leading to supply disruptions and price fluctuations.
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