Global Structural Insulated Panels Market

Structural Insulated Panels Market Size, Share, Growth Analysis, By Facing material(OSB, MgO Board, and Others), By Insulation material(EPS, XPS, and Others), By Application(Floor, Wall, and Roof), By End-use(Residential, and Non-residential), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20C2038 | Region: Global | Published Date: April, 2024
Pages: 202 | Tables: 63 | Figures: 75

Structural Insulated Panels Market Regional Insights

North America dominated the global SIPs market. Favorable green building standards and regulations in countries like the United States and Canada have encouraged the adoption of building insulation materials, including SIPs, to reduce energy consumption. Additionally, the presence of well-established cold chain infrastructure in North America further drives the demand for SIPs.

On the other hand, the Asia Pacific region is experiencing rapid growth in the SIPs market. Several countries in the region, including China, Japan, South Korea, and Australia, are witnessing a surge in construction activities and infrastructural development. The growth of the e-commerce industry and the establishment of local data centers by major technology companies are also contributing factors. 

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Structural Insulated Panels Market size was valued at USD 15.02 Billion in 2023 and is poised to grow from USD 15.90 Billion in 2024 to USD 23.76 Billion by 2031, at a CAGR of 5.90% during the forecast period (2024-2031).

The global structural insulated panels (SIPs) market features a diverse range of manufacturers and suppliers striving to meet the growing demand. Companies in this market focus on product innovation, research and development, and strategic partnerships to gain a competitive edge. Additionally, investments in expanding production capacities and improving distribution networks are key strategies employed by market players. With a focus on enhancing thermal performance, durability, and aesthetic appeal, manufacturers are continuously working towards developing advanced SIPs to cater to the evolving needs of the construction industry. 'Kingspan Group plc (Ireland)', 'Metecno Group (Italy)', 'PFB Corporation (Canada)', 'RAYCORE, Inc. (US)', 'T. Clear Corporation (US)', 'Premier SIPS (US)', 'Murus Company, Inc. (US)', 'Thermocore Systems (US)', 'Foam Laminates of Vermont (US)', 'FischerSIPS (US)', 'Insulspan (US)', 'PorterSIPs (US)', 'Extreme Panel Technologies, Inc. (US)', 'Enercept, Inc. (US)', 'Thermasteel Corporation (US)', 'Alubel SpA (Italy)', 'Isopan (Italy)', 'Nohara Holdings, Inc. (Japan)', 'Bondor (Australia)', 'Cool or Cosy Pty Ltd. (Australia)'

One key driver for the global structural insulated panels (SIPs) market is the favorable green building standards and regulations implemented worldwide. These standards promote the adoption of building insulation materials, including SIPs, as a means to reduce overall energy consumption in the construction industry. With a focus on sustainability and energy efficiency, governments and regulatory bodies encourage the use of SIPs, driving the market's growth and creating opportunities for manufacturers and suppliers in the industry.

One key market trend in the global structural insulated panels (SIPs) market is the increasing adoption of SIPs in the construction of energy-efficient and sustainable buildings. As environmental consciousness grows, builders and developers are seeking construction solutions that reduce energy consumption and promote eco-friendly practices. SIPs offer excellent thermal performance, improved insulation, and reduced air leakage, making them an attractive choice for green building projects. The trend towards sustainable construction practices, driven by factors like government regulations and consumer demand for energy-efficient homes, is expected to propel the growth of the SIPs market.

North America dominated the global SIPs market. Favorable green building standards and regulations in countries like the United States and Canada have encouraged the adoption of building insulation materials, including SIPs, to reduce energy consumption. Additionally, the presence of well-established cold chain infrastructure in North America further drives the demand for SIPs.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Composite Insulated Panels Market
Buy Now GET FREE SAMPLE
Metal Structural Insulation Panels Market
Buy Now GET FREE SAMPLE
GCC Structural Insulated Panels Market
Buy Now GET FREE SAMPLE
Building Thermal Insulation Market
Buy Now GET FREE SAMPLE
Technical Insulation Market
Buy Now GET FREE SAMPLE
Electrical Insulation Materials Market
Buy Now GET FREE SAMPLE
Industrial Insulation Market
Buy Now GET FREE SAMPLE
Aircraft Insulation Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Structural Insulated Panels Market

Report ID: SQMIG20C2038

$5,300
BUY NOW GET FREE SAMPLE