The adoption of favourable green building standards and regulations for the use of building insulation materials to reduce overall energy consumption and rise in costs for building cold chain infrastructure around the world is anticipated to drive the growth of the global structural insulated panels market. Because structural insulated panels are lightweight, have a beautiful exterior, and improve a building's thermal performance, they have become quite popular all over the world. Structural insulated panel is commonly used in the construction of warehouses due to its potential to reduce overall construction time. As the e-commerce industry grows, warehouses and last-mile delivery hubs are seeing significant penetration.
Due to their capacity to save total construction time, structural insulated panels are frequently utilised in the construction of warehouses. Warehouses and last-mile delivery hubs are in high demand as a result of the e-commerce sector's expansion. Additionally, the development of regional data centres by well-known technological firms like Amazon, Alibaba, Google, and Microsoft is anticipated to positively affect market expansion.
Structural Insulated Panels Market: Segmentation Analysis
Structural Insulated Panels Market by Product:
- Polystyrene
- Polyurethane
- Glass Wool
- Others
Polystyrene accounted for higher market revenue of more than 72% in 2020 and is expected to retain the same.
Structural Insulated Panels Market by Facing Material:
- Oriented Strand Board
- Magnesium Oxide Board
- Others
Oriented Strand Board outstood the segment as it is cost-effective alternative for home construction.
Structural Insulated Panels Market by Insulation Material:
- EPS
- XPE
- Others
Structural Insulated Panels Market by Application:
- Walls Floors
- Roof
- Cold Storage
The Walls Floors segment held a major share of 46% in terms of revenue.
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Top Key Players:-
- Kingspan Group
- PFB Corporation
- Alubel SpA
- Enercept, Inc.
- Foard Panel Inc.
- Extreme Panel Technologies, Inc.
- Clear Corporation
- Premier SIPs
- ACME Panel Company
- Metl-Span
- KPS Global
- Isopan
- American Insulated Panel
- Structural Panels Inc.
- All Weather Insulated Panels
- Ingreen Systems Corp.
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Frequently Asked Questions (FAQ):
Q1. What is the total market value of Structural Insulated Panels market?
Q2. Which market holds the maximum market share of the SIP market?
Q3. What will be Structural Insulated Panels market growth in 2030?
Q4. What are the key trends in the Structural Insulated Panels market?
Q5. What are the key growth strategies of SIP industry players?
Q6. How the company profile has been selected?
Q7. What is the SIP market effecting factors?
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