Global Americas Structural Insulated Panel Market by Product (EPS, Glass Wool, Polyurethane, XPS), by Application (Walls & Floors, Cold Storage, Roofs) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

America's market for structural insulated panels was worth USD 2.35 billion in 2020. It is projected to grow at a 7.7% compound annual growth rate (CAGR), between 2021 and 2028. The market is expected to grow due to increasing adoption of HTML3_ standards and rising investments in renovations of residential and industrial buildings. After its recovery, the American construction market is expected to continue growing in the future. The market's growth is driven by favorable regulations that encourage the use of building insulation materials to lower the overall energy consumption. This is in addition to heavy investments in the creation of cold chains infrastructure. Due to a growing number of new and residential renovations, the U.S. construction sector is experiencing rapid growth.

Market growth is expected to be driven by the rising demand for modern buildings that have better aesthetic appeal and are more energy efficient. The U.S. government's Weatherization Assistance Program (WAP) to encourage thermal insulation in homes and funding by the U.S. Department of Energy to develop highly insulating, phenolic insulation foams is expected to positively impact the market growth.

The many benefits of structural insulated panels (SIPs), are expected to increase in popularity. These include their low weight, better appearance and high thermal performance. The forecast period will see a rise in demand for SIPs due to stringent government regulations as well as rising awareness about environmental degradation.

Fluctuating raw material prices can cause price fluctuations in thermal insulation materials. This affects manufacturers' profit margins throughout the value chain. The various blowing agents used in insulation materials such as Polyurethane foams, Expanded Polystyrene EPS (EPS), or Extruded Polystyrene XPS, contain Greenhouse Gasses, which can cause environmental problems and are expected to slow market growth.

Product Insights

In 2020, EPS accounted for 76% of total revenue. This segment will continue to grow at a steady CAGR of 5% from 2021-2028 because of rising demand for EPS products in the construction and building industry. EPS's superior properties such as increased sound absorption, low weight & cost, will allow it to expand further. It is used in the manufacture of SIPs as an insulating core material.

SIPs can be used to build buildings that reduce the energy consumption and maintain the temperature inside. This makes the building more durable. Building systems' energy efficiency can be improved by choosing the right insulation material.

Metal sheets are becoming a popular choice for facing materials due to their fireproof properties, durability, and superior finish. Insulated metal panels can be made in a variety of colors and are suitable for use on exteriors. Galvanized steel is the most popular metal substrate.

SIPs can also be made from PU, glass wool and Oriented Strand Board. Many market players offer raw materials for thermal insulation components. High-volume material production is possible due to the large production capacities and capital investments.

Application Insights

Walls and floors applications accounted for more than 45% of total market revenue share in 2020. This segment will grow at the fastest rate of CAGR between 2021 and 2028 due to growing demand for SIPs as well as increasing investments in commercial structures and institutional building, such schools, hospitals, theaters and malls.

One of the most important elements for improving the energy efficiency in buildings is insulation. Insulated roofs and walls create a protective environment that eliminates heat transfer from the outside environment via conduction and radiation. Because of their ease-of-use and low cost, polystyrene cores SIPs are a popular choice for exterior wall insulation. Insulated roof panels provide heat retention and prevention benefits that allow for cozy spaces in homes and workplaces.

Insulated roofs can regulate temperature and reduce energy consumption. These benefits will drive market growth during the forecast period. Cold storage is another application. Due to its exceptional structural strength and insulation, the product is used extensively in cold storage applications such as walls and ceilings.

Regional Insights

North America was the dominant market, accounting for 67% of the total revenue share in 2020. This is due to its strong construction industry. The government's increasing efforts to infrastructural modernization, and building energy-efficient houses, has contributed to the growth in construction spending in this region. The International Energy Conservation Code (IECC) is a strict building code that encourages insulation usage per structure. This will support product demand.

North America's largest market was dominated by the U.S. due to increased demand from the residential sector and the extensive cold chain and logistics industries, as well as government initiatives for social infrastructure development. The market will continue to grow due to increased awareness about the benefits of insulation.

Over the forecast period, Central & South America's market is expected to experience average growth. The region's business-friendly policies are expected to encourage private investment in manufacturing and construction industries, which will drive market growth over the forecast period.

Market Share Insights & Key Companies

Due to both local and multinational players, the market is highly competitive. Manufacturers are focusing on new product development and pricing to improve their market position. Many companies also offer additional services such as technical advice and installation assistance to increase their customer base. To stay competitive, major players invest heavily in research and development and continue to launch new products. The following are some of the most prominent players in America's structural insulated panels market:

• Kingspan Group

• Metl-Span

• Owens Corning

• Metecno Group

• KPS Global

• Isopan

• PFB Corporation

• All Weather Insulated Panels

• Green Span Profiles

• American Insulated Panel Company

• American Buildings Company

• Ingreen Systems Corp.

• Structural Panels Inc.

Up Market Research published a new report titled “Americas Structural Insulated Panel Market research report which is segmented by Product (EPS, Glass Wool, Polyurethane, XPS), by Application (Walls & Floors, Cold Storage, Roofs), By Players/Companies All Weather Insulated Panels, Metecno Group, Metl-Span, American Buildings Company, Ingreen Systems Corp, Kingspan Group, Structural Panels Inc, Green Span Profiles, KPS Global, Owens Corning, Isopan, American Insulated Panel Company, PFB Corporation”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Americas Structural Insulated Panel Market Report Segments:

The market is segmented by Product (EPS, Glass Wool, Polyurethane, XPS), by Application (Walls & Floors, Cold Storage, Roofs).

Americas Structural Insulated Panel Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Americas Structural Insulated Panel Market

Overview of the regional outlook of the Americas Structural Insulated Panel Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Americas Structural Insulated Panel Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Americas Structural Insulated Panel Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. EPS

                2. Glass Wool

                3. Polyurethane

                4. XPS

                1. Walls & Floors

                2. Cold Storage

                3. Roofs

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Americas Structural Insulated Panel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Americas Structural Insulated Panel Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.