Structural Insulated Panels Market - Forecast(2024 - 2030)

Report Code: CMR 57689 Report Format: PDF + Excel


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. Structural Insulated Panels Market - Overview
        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 / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
8.3.1 EPS (Expanded Polystyrene) Panels
8.3.2 Rigid Polyurethane (PUR) and Rigid Polyisocyanurate (PIR) Panels
8.3.3 Glass Wool Panel
8.3.4 Other Products (Extruded Polystyrene Foam)
9. Structural Insulated Panels Market - By Type (Market Size -$Million / $Billion)
10. Structural Insulated Panels - By Application (Market Size -$Million / $Billion)
        10.1 Segment type Size and Market Share Analysis
        10.2 Application Revenue and Trends by type of Application
        10.3 Application Segment Analysis by Type
10.3.1 Building Wall
10.3.2 Building Roof
10.3.3 Cold Storage
11. Structural Insulated Panels- By Geography (Market Size -$Million / $Billion)
        11.1 Structural Insulated Panels Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
         Rest of North America
        11.3 Structural Insulated Panels- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
         Costa Rica
         Rest of South America
        11.5 Structural Insulated Panels- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
         Rest of Europe
        11.7 Structural Insulated Panels - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
         South Korea
         Hong kong
         Rest of APAC
        11.9 Structural Insulated Panels - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$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
         Saudi Arabia
            11.10.6 Africa Segment Analysis
         South Africa
         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
*Financials would be provided on a best efforts basis for private companies
16. Structural Insulated Panels Market - Appendix
        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