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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.
Market Definition
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).
Recent Development
• In August 2020, Owens Corning launched a new product line named Foamular NGX. It is a new line of Extruded Polystyrene (XPS) foam products that offers 90% reduction in the Global Warming Potential (GWP) without losing product performance.
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Global Structural Insulated Panel Market Scope
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.
Product
• Glass Wool
• Stone Wool
• Expanded Polystyrene (EPS) Panel
• Extruded Polystyrene Foam Panel
• Phenolics
• PU/PIR
• Flexible Insulation
Skin Type
• OSB Two Sides
• OSB One Side
Application
• Walls
• Roofs
• Floors
End User
• Residential
• Commercial
• Non-Building
Structural Insulated Panel Market Share Analysis
The structural insulated panel market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to structural insulated panel market.
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.)
• Isopan (Spain)
• ArcelorMittal (Luxembourg)
• Foard Panel (U.S.)
• FBA (U.S.)
• DANA Group of Companies (UAE)
• ICS Eco-SIPs (Singapore)
• ITALPANNELLI SRL (Italy)
• Lattonedil (Italy)
• Cornerstone Building Brands (U.S.)
• METECNO (India)
• The Murus Company (U.S.)
• T Clear Corporation (U.S.)
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Structural Insulated Panel Market Regional Analysis/Insights
The structural insulated panel market is analysed and market size insights and trends are provided by country, product, skin type 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, South Africa, Egypt, Israel, 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 structural insulated panel market in terms of market share. This is due to the introduction of programs counting LEED, ICC’s Model Energy Codes and Energy Star building certification in countries of this region.
Asia-Pacific will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 due to the rising construction sector, infrastructural investments, and government initiatives in this regions.
TOC Of The Report :
• Chapter One: Introduction
• Chapter Two: Market Segmentation
• Chapter Three: Market Overview
• Chapter Four: Executive Summary
• Chapter Five: Premium Insights
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