Dublin, July 02, 2021 (GLOBE NEWSWIRE) -- The "Structural Insulated Panels Market Size, Share & Trends Analysis Report by Product (Polystyrene, Polyurethane), by Application (Walls & Floors, Roofs), by Region (APAC, North America), and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.
The global structural insulated panels market size is expected to reach USD 17.19 billion by 2028., expanding at a CAGR of 5.5% over the forecast period.
Growing emphasis on constructing energy-efficient building structures and the rising investments in the renovation of old buildings are some of the major factors expected to boost the product demand.
Governments across the world are providing various incentives to construction companies and building contractors to promote energy-efficient building structures.
For instance, the U.S. government, through its Weatherization Assistance Program (WAP), is incentivizing the improvement of thermal insulation in low-income households, which is expected to promote the demand for structural insulated panels (SIPs).
Key players are focusing on the development of novel insulation materials to improve the R-value of the product without adding to the final cost. For instance, the Kingspan Group has developed a novel insulation material using its proprietary 'QuadCore Technology'. The product offers superior fire protection and durability.
Furthermore, it is 11% and 60% more thermally efficient than high-quality PIR (Polyisocyanurate) and PU (Polyurethane) insulation materials respectively.
Structural Insulated Panels Market Report Highlights
The polyurethane product segment in the North America regional market is expected to register the fastest CAGR of 7.9% over the forecast period owing to superior insulation property, rigidity, fire resistance, and dimensional property of polyurethane.
The cold storage application segment is expected to witness significant growth during the forecast period owing to growing investments in the development of cold chain infrastructure across the globe.
In the Asia Pacific regional market, the polystyrene product segment accounted for the largest revenue share in 2020 owing to high demand for cost-effective, durable insulation materials from the construction industry.
Europe is expected to be the second-largest regional market from 2021 to 2028 owing to the progressive adoption of green building standards and the rising investments in the redevelopment of old building structures in the region.
Major companies are offering training and services to the installation workers and building contractors to ensure the correct installation of the product and reduce the chances of product failure.
Key Topics Covered:
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. Information Procurement
1.4. Information Analysis
1.5. Market Formulation & Data Visualization
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Structural Insulated Panels Market Variables, Trends, & Scope
3.1. Penetration & Growth Prospect Mapping
3.2. Industry Value Chain Analysis
3.2.1. Raw Material Trends
3.2.2. Manufacturing Trends
3.2.3. Sales Channel Analysis
3.3. Technology Overview
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.6. Business Environment Analysis: Structural Insulated Panels Market
3.6.1. Industry Analysis-Porter's
3.6.2. PESTEL Analysis
3.6.3. Major Deals & Strategic Alliances Analysis
3.7. Case Studies
Chapter 4. Structural Insulated Panels Market: Product Estimates & Trend Analysis
4.1. Definition & Scope
4.2. Product Movement Analysis & Market Share, 2020 & 2028
4.3. Market size & forecasts and trend analysis, 2017 to 2028 for the following
4.3.3. Glass Wool
Chapter 5. Structural Insulated Panels Market: Application Estimates & Trend Analysis
5.1. Definition & Scope
5.2. Application Movement Analysis & Market Share, 2020 & 2028
5.3. Market size & forecasts and trend analysis, 2017 to 2028 for the following:
5.3.1. Walls & Floors
5.3.3. Cold Storage
Chapter 6. Structural Insulated Panels Market: Regional Estimates & Trend Analysis
6.1. Regional Market Snapshot
6.2. SWOT Analysis, By Region
6.3. Market Size & Forecasts and Trend Analysis, 2017 to 2028
Chapter 7. Structural Insulated Panels Market-Competitive Analysis
7.1. Key players & recent developments & their impact on the industry
7.2. Key Company/Competition Categorization
7.3. Vendor Landscape
7.3.1. List of key distributors and channel partners
7.4. Public Companies
7.4.1. Company market position analysis
7.4.2. Company Market Ranking, by region
7.4.3. Competitive Dashboard Analysis
7.5. Private Companies
7.5.1. List of key emerging companies and their Geographical Presence
Chapter 8. Company Profiles
8.1. Company Overview
8.2. Financial performance
8.3. Product Benchmarking
8.4. Strategic Initiatives
Green Span Profiles
American Insulated Panel Company
American Buildings Company
Ingreen Systems Corp.
Structural Panels Inc
Hemsec Manufacturing Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/c97i7
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