(MENAFN- Ameliorate Digital Consultancy) Exactitude Consultancy Market Research analyses that the Structural Insulated Panels market will witness a CAGR of 5.1% for the forecast period of 2023-2029 and is likely to reach at USD 13.34 billion by 2029 from USD 8.52 billion in 2022.
The study considers the Global Structural Insulated Panels Market present scenario and its market dynamics for the period 2023-2029. It includes a thorough assessment of a number of trends, constraints, and drivers of market growth. The report evaluates the market size of the structural insulated panels Market and studies the strategy patterns adopted by the prominent international players. The report also analyses the market's size in terms of projected revenue for the future. All of the data numbers, such as percentage splits and breakdowns, are calculated from secondary sources and confirmed from original sources. The market's supply and demand sides are also covered in the research. It provides profiles and analysis of market leaders and other prominent businesses.
sample copy in PDF or view the report summary@
Structural Insulated Panel Market Dynamics
Drivers
High usage of structural insulated panel in residential applications
The residential segment is expected to be the significant segment in the structural insulated panels market. This is mainly due to favorable lending policies initiated by governments all over the globe, which increase the sales of residential construction ventures. The spending on residential construction is projected to witness growth, mainly in emerging countries. All these are some major factors expected to drive the growth of the global structural insulated panels market.
Increased demand of structural insulated panels for cold storage applications
The structural insulated panels are extensively used and adopted in several end-use industries to construct cold storage facilities. It is a dynamic element for numerous businesses such as warehousing, food processing, food preparation, and storage systems, as well as for retail and pharmaceutical solutions. The demand for cold storage systems is anticipated to increase the application of structural insulated panels in the market.
Opportunities
Surge in commercial and residential construction
Continuous residential and commercial construction growth has intensified the demand for the structural insulated panels. The excellent insulation qualities, low cost, strength, and other are some major characteristics which will increase the demand of the structural insulated panels for the applications in building construction. The rising demand of structural insulated panels in commercial and residential construction are expected to create immense opportunities for the market growth.
Restraints/Challenges
The high cost of raw material used for the production of structural insulated panel products is the major factor expected to challenge the growth of global structural insulated panel market during the forecast period.
Structural Insulated Panels Market: Demand Analysis and Opportunity Outlook to 2023-2029
The Structural Insulated Panels study defines the market size of various segments and countries by historical years and forecasts the value for the next 7 years. The report brings together qualitative and quantitative elements of the Structural Insulated Panels industry, including: market share, market size (value and volume 2017-2022, and forecast to 2023-2029), in the highly competitive market for each country concerned Express appreciation. Furthermore, the study also caters and provides in-depth statistics on the key elements of Structural Insulated Panels, which includes drivers and restraints that help in estimating the future growth prospects of the market.
The study pays attention to the loftiest revenue-generating and highest growing segments of the Structural Insulated Panels market. This makes the research document accurately organized and systematic alongside encouraging a simpler understanding of each facet covered in this report. Major Key players profiled in the report include: Owens Corning, Kingspan Group, Enercept, Inc., Alubel SpA, American Insulated Panel Company (AIP), Premier Building Systems, Inc., Extreme Panel Technologies, Inc., T. Clear Corporation, ACME Panel Company, and Ingreen Systems Corp. and others.
Structural Insulated Panels Market Recent Developments
June 2022: Owens Corning announced the acquisition of a Florida-based composite decking and structural lumber manufacturer, WearDeck. With the acquisition, Owens Corning would strengthen its portfolio of weather-resistant decking and structural lumber and expand its expertise in both commercial and residential applications. January 2022: Owens Corning introduced its FOAMGLAS Perinsul SIP, which acts as a thermal bridge solution for high-performance buildings. The new structural insulated panel is made up of cellular glass that will help in the elimination of thermal bridging, increase energy efficiency, and minimize performance loss in the event of moisture exposure.
Structural Insulated Panels Market Segmentation:
Structural Insulated Panels Market by Product, 2023-2029, (USD Billion)
Polystyrene Polyurethane Polyisocyanurate
Structural Insulated Panels Market by Application, 2023-2029, (USD Billion)
Walls & Floor Roofs Cold Storage
Read Detailed Index of Full Research Study @
Geographically, the following regions were investigated:
North America (United States, Canada and Mexico) Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe) Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia) South America (Brazil, Argentina, Colombia, and Rest of South America) Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Key market aspects are illuminated in the report:
Executive Summary: It covers a summary of the most vital studies, the Structural Insulated Panels market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.
Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Structural Insulated Panels market, the years measured, and the study points.
Company Profile: Each Firm well-defined in this segment is screened based on a product, value, SWOT analysis, their ability and other significant features.
Manufacture by region: This Structural Insulated Panels report offers data on imports and exports, sales, production and key companies in all studied regional markets
What is the purpose of this report?
A thorough review of the Structural Insulated Panels market, including regional markets. Comprehensive coverage of all segments of the Structural Insulated Panels market to assess trends, developments and market size forecasts till 2023-2029. A thorough examination of deals involved in the Structural Insulated Panels market including product portfolio, revenue, SWOT analysis and recent company advancements are examined in the company profile. The growth matrix analyzes the product categories and geographic regions in which market companies should focus their efforts to invest, consolidate, expand and/or diversify.
There are 13 Sections to show the Structural Insulated Panels market:
Chapter 1: Structural Insulated Panels Market Overview, Drivers, Restraints and Opportunities, Segmentation overview
Chapter 2: Market Competition by Manufacturers
Chapter 3: Production by Regions
Chapter 4: Consumption by Regions
Chapter 5: Production, By Types, Revenue, and Market share by Types
Chapter 6: Consumption, By Applications, Market share (%), and Growth Rate by Applications
Chapter 7: Complete profiling and analysis of Manufacturers
Chapter 8 : Manufacturing cost analysis, Raw materials analysis, Region-wise manufacturing expenses
Chapter 9: Industrial Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10 : Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Structural Insulated Panels Market Forecast
Chapter 13: Structural Insulated Panels Market Research Findings and Conclusion, Appendix, methodology, and data source
Get Sample PR Link @
Key questions answered in the report include:
What is the growth potential of the Structural Insulated Panels market? Which regional markets will emerge as leaders in the next few years? What are the key challenges facing the Structural Insulated Panels market in the future? Who are the most prominent players in the global Structural Insulated Panels market? What are the key trends positively impacting market growth?
About Us
Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.
Connect us on:
Contact: Irfan Tamboli
PHONE NUMBER +1 (704) 266-3234
EMAIL ADDRESS:
Comments
No comment