Structural Insulated Panels Market - Forecast(2024 - 2030)
Overview
The Structural Insulated Panels Market
is forecast to reach $547 million by 2025, growing at a CAGR of 6.56% during
2020-2025. Since the emergence of construction technology, construction of
affordable and environmentally-sensible home at fast pace has brought dream
home within the reach. Structural Insulated Panel (SIP) has become a topic of
interest among researchers in the recent years. SIP has the advantages of
minimal material wastage and labour-savingness whilst having potential to save house
builders’ time and money as well as retaining the controlled quality. The report covers Structural Insulated Panels Market size by product and applications, Structural Insulated Panels Market share by top 5 companies and also the market share by start-ups during the forecast period.
Report Coverage
The report: “Structural Insulated Panels Market – Forecast (2020-2025)”, by IndustryARC,
covers an in-depth analysis of the following segments of the Structural
Insulated Panels Market.
Key Takeaways
- North America dominates the SIP market owing to increasing demand from Cold Storage applications.
- The EPS panels segment held the major share by product in the market. The high demand is attributed to rising penetration of the product in Western Europe and Asia-Pacific.
- By Application, the major segment was cold storage. Structural insulated panels are eco-friendly and recyclable, making them a popular upcoming material in construction as well as cold storage industries.
By Product - Segment Analysis
SIP is a
sandwich panel utilized as structure member such as wall, roof, and floor for
concrete and steel frame structures. SIP is usually manufactured with two
layers of rigid material as skin and a thicker layer as core. Recent
developments in the field of manufactured, modular, and prefab homes have led
to a renewed interest in design and application of prefabricated sheets in
buildings. The core of SIP is usually non-structural and ridged. It is commonly
made of plastic foam such as Extruded Polystyrene and Expanded Polystyrene
(EPS) as well as Polyurethanes (PUR) foam such as polyisocyanurate and
polyisosyanate. As one of the most versatile types of insulation available on
the market today, EPS is used in roofs, walls and floors. On average, it takes
24% less energy to produce EPS than fiberglass insulation of an equivalent
R-Value. This is driving the demand for EPS in the market.
By Application - Segment Analysis
Cold storage
accounted for the second highest market revenue share in 2018, by application,
whereas the walls segment was the highest. The rising demand for processed cold
storage packaged food applications is driving the market in regions, such as Asia
Pacific and North America. Currently, residential construction is on a soar, when compared to other
forms of construction. Residential construction derives its market from
parameters like increasing population and emerging urbanization. In the APAC
region, the impetus for growth is mainly seen in China and India which exceed
the expectations and are on upsurge.
Geography - Segment Analysis
North America dominated the Structural
Insulated Panels market with a share of 38%, followed by North America and
Europe. The economy of APAC is mainly influenced by the economic dynamics of
countries such as China and India, but with growing foreign direct investment for
economic development of South East Asia, the current scenario is changing. Globally, construction
sector is expected to stand out amongst the most dynamic industrial sectors in
the following fifteen years and is completely essential to the advancement of
prosperous societies around the world.
The Construction sector is expected to grow strong in
economies such as India and Indonesia when comes to Asia-pacific region and in
Europe UK is a stand out growth market for construction, where as in the Latin
American region developing countries as such Brazil, Mexico and Argentina are
expected to witness good construction growth. The rising demand for green
buildings in the construction sector is driving the consumption of Structural
Insulated Panels.
Drivers – Structural Insulated Panels Market
- Growing demand for Green Buildings
A current survey
shows that global green building activity continued its ascent, with
significant increases expected in 19 countries over the next three years.
Almost half of the total respondents say they expect to build more than 60
percent of their projects as green buildings by 2021. Building owners,
especially, were excited about the growth in green building, with 57 percent
planning to make the majority of their projects green by 2021.
Challenges – Structural Insulated Panels Market
- Volatile crude oil prices
In the second
half of 2018, the oil market exhibited high volatility not only in terms of
price levels but also time spreads and quality spreads. After reaching highs of
$81/b and $71/b in October, monthly Brent and WTI prices ended the year in
December at $57/b and $49/b respectively. At the same time, time spreads
switched from backwardation to contango, as inventories rose above their 5-year
average and the prospects for global demand worsened amid supplies increasing.
The spreads between light sweet-medium sour crude also exhibited wide
volatility, with the Brent-Dubai and WTI-Dubai spreads collapsing signaling a
shortage of heavier sour crude globally.
Market Landscape
Technology launches, acquisitions and R&D
activities are key strategies adopted by players in the Structural
Insulated Panels market.
In 2018, the top five players accounted for xx% of the share. Major players in
the Structural Insulated Panels Market are Kingspan Group, Rautaruukki Corporation, Premier
Building Systems, Alubel SpA, and Dana Group Plc., among others.
1.1 Definitions and Scope
2. Structural Insulated Panels Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Structural Insulated Panels Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Structural Insulated Panels Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Structural Insulated Panels Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Structural Insulated Panels Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Structural Insulated Panels Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Structural Insulated Panels Market - By Product (Market Size -$Million / $Billion)
8.1 Market Size and Market Share Analysis
8.2 Application Revenue and Trend Research
8.3 Product Segment Analysis
10. Structural Insulated Panels - By Application (Market Size -$Million / $Billion)
10.1 Segment type Size and Market Share Analysis
10.2 Application Revenue and Trends by type of Application
10.3 Application Segment Analysis by Type
11.1 Structural Insulated Panels Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Structural Insulated Panels- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Structural Insulated Panels- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Structural Insulated Panels - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Structural Insulated Panels - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Structural Insulated Panels Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Structural Insulated Panels Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14. Structural Insulated Panels Market - Key Company List by Country Premium
15. Structural Insulated Panels Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Alubel Spa
15.3 Arcelormittal
15.4 Balex-Metal
15.5 Dana Group Of Company
15.6 Isopan
15.7 Italpannelli Srl
15.8 Jiangsu Jingxue Insulation Technology Co. Ltd
15.9 Kingspan Group
15.10 Marcegaglia Spa
15.11 Metecno
15.12 Multicolor Steel Pvt Ltd
15.13 NCI Building System
15.14 Nucor Building System
15.15 Owen Corning
15.16 Pfb Corporation
15.17 Premier Building System
15.18 Rautaruukki Corporation
15.19 Tata Steel Limited
15.20 Zamil Steel Pre-Engineered Building Co. Ltd
15.21 Company 20
15.22 Company 21 & More
16.1 Abbreviations
16.2 Sources
17. Structural Insulated Panels Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends