Structural Insulated Panel Market Size, Share, Trends, Demand, Challenges and Competitive Outlook in Aerospace Insulation Market Size, Share, Key Drivers, Growth and Opportunity Analysis
- March 17, 2023, 11:04 a.m.
Data Bridge Market Research analyses that the structural insulated panel market is expected to undergo a CAGR of 6.00% during the forecast period. This indicates that the market value, which was USD 11.84 billion in 2021, would rocket up to USD 18.87 billion by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Structural insulated panel is a sandwich structured composite containing an insulating layer of rigid core sandwiched which is placed between two layers of structural board. The board can be sheet metal, magnesium oxide board (MgO) or oriented strand board (OSB), plywood, cement and the core which can either be expanded extruded polystyrene foam (XPS), polyisocyanurate foam, polyurethane foam, polystyrene foam (EPS), or composite honeycomb (HSC).
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Scope of the Structural Insulated Panel Market Report:
The structural insulated panel market is segmented on the basis of product, skin type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Expanded Polystyrene (EPS) Panel
Extruded Polystyrene Foam Panel
OSB Two Sides
OSB One Side
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Some of the major players operating in the structural insulated panel market are:
Kingspan Group (Ireland)
ACME PANEL (U.S.)
Eagle Panel Systems, Inc, (U.S.)
Foard Panel (U.S.)
DANA Group of Companies (UAE)
ICS Eco-SIPs (Singapore)
ITALPANNELLI SRL (Italy)
Cornerstone Building Brands (U.S.)
The Murus Company (U.S.)
T Clear Corporation (U.S.)
Structural Insulated Panel Market Regional Analysis/Insights
The Structural Insulated Panel market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Structural Insulated Panel market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Structural Insulated Panel within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Structural Insulated Panel market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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