The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Structural Insulated Panels Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of Structural Insulated Panels Industry (2024-2030):

According to the latest report, The Structural Insulated Panels Market size is valued at USD 11.2 billion in 2023 & is estimated to reach around USD 18.1 Billion in 2030. The market is also expected to grow at a CAGR of around 5.8% during the forecast period, i.e., 2024-30. The report demonstrates the prominent factors propelling the exponential growth of the Structural Insulated Panels industry.

Key Takeaways: Beneficial for Stakeholders and Clients:

• Historical Data: 2019-22
• Base Year: 2023
• Forecast Period: 2024-30
• CAGR (2024-2030): 5.8%
• Market Value in 2023: USD 11.2 Billion
• Market Value 2030: USD 18.1 Billion

What are the major Driver the Structural Insulated Panels industry?

Rising Adoption of Cold Storage and Mitigation of Disasters Maximize Market Revenue– Natural disasters are unpredictable, as enhancing disaster-resistant structures and extreme weather incidences, facilitates the flourishing requirements of Structural insulated panels. Reasonably priced, eco-friendly, long-lasting, and also signifying tough strength and resilience, are the primary reasons behind the long-term utilization of SIPs. Apart from this, cold storage is a crucial component for numerous industries, such as medicine, food processing, food preparation, warehousing, storage systems, etc., here SIPs play an important role. This growing requirement for cold storage ultimately resulted in driving the global market growth and development.

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Structural Insulated Panels Market Segmentation

The Structural Insulated Panels Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

• By Insulation Material
• Polystyrene- Market Size & Forecast 2019-2030, USD Million
• Polyurethane- Market Size & Forecast 2019-2030, USD Million
• Expanded Polystyrene- Market Size & Forecast 2019-2030, USD Million
• By Facing Material
• Oriented Strand Board (OSB) - Market Size & Forecast 2019-2030, USD Million
• Magnesium Oxide Board (MOB) - Market Size & Forecast 2019-2030, USD Million
• By Application
• Floor- Market Size & Forecast 2019-2030, USD Million
• Wall- Market Size & Forecast 2019-2030, USD Million
• Ceiling- Market Size & Forecast 2019-2030, USD Million
• By Distribution Channel
• Offline- Market Size & Forecast 2019-2030, USD Million
• Online- Market Size & Forecast 2019-2030, USD Million
• By End User
• Household- Market Size & Forecast 2019-2030, USD Million
• Commercial- Market Size & Forecast 2019-2030, USD Million
• By Region
• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

As per the regional aspect, the Structural Insulated Panels Market is expected to be dominated by North America by capturing the potential market share.

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Top Companies in the Structural Insulated Panels Market

ACME, American Insulated Panel, Extreme Panel, InGreen Systems, Kingspan Group PLC, Owens Corning, PFB Corporation, T Clear Corporation, Enercept, Foard Panel, METL Span, KPS Global, Isopan, All Weather Insulated Panel, Porter Corp

Global Structural Insulated Panels Industry Recent Development:

In December 2021, the Riverside Company, by an affiliate, completed the acquisition of PFB Corporation, a North America-based manufacturer of proprietary insulating building products based on EPS (Expanded Polystyrene) technology.

The same year in July, Owens Corning announced the acquisition of Vliepa GmbH, which specializes in printing, finishing, and coating of films, papers, & nonwovens for the building materials industry.

In June 2021, Kingspan group partnered with TU (Technological University) Dublin for developing the university’s innovative Design and Construct Centre, located at Broombridge.

In August 2020, Owens Corning introduced Foamular NGX, a new line of XPS (Extruded Polystyrene) foam insulation products. Produced with a proprietary blowing agent, it goes well beyond most regulations and delivers around a 90% reduction in GWP (Global Warming Potential) without compromising product performance.

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