Structural Insulated Panels Market Players: Kps Global, Structural Panels Inc., Ingreen Systems Corp., And Owens Corning

 Structural Insulated Panels Industry Overview

The global structural insulated panels market size is expected to reach USD 17.19 billion by 2028, according to a new report by Grand View Research, Inc., 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 Segmentation

Grand View Research has segmented the global structural insulated panels market on the basis of product, application, and region:

Based on the Product Insights, the market is segmented into Polystyrene, Polyurethane, Glass Wool, and Others.

  • Polyurethane structural insulated panels are relatively more expensive than other product types, such as polystyrene and glass wool. These panels are widely preferred in the insulation of cold chain storages owing to their superior thermal insulation and vapor diffusion resistance properties. Thus, the growing emphasis on the development of cold chain infrastructures is expected to drive the product demand over the forecast period.

  • The glass wool segment is expected to grow at a CAGR of 5.8% over the forecast period owing to superior thermal insulation, fire resistance, and noise insulation properties of glass wool.

 

Based on the Application Insights, the market is segmented into Walls & Floors, Roofs, and Cold Storage.

  • Insulation of walls is one of the essential elements to enhance the energy efficiency of buildings. Insulated walls along with insulated floors create a protective envelope, which eliminates heat transfer from the external environment through conduction and convection radiation and thereby reduce the energy expenditure on heating or cooling of a building structure.

  • The product is widely used in the cold storage industry owing to its superior structural strength and insulation properties. SIPs find application in walls, ceilings, and roofs for cold storage, freezers, and food processing buildings and can also be retrofitted to the existing controlled environment structures, such as dry warehouse, where maintaining temperature and insulation values is of immense importance.

 

Structural Insulated Panels Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Key Companies Profile & Market Share Insights

Major companies in the market are focusing on expanding their product portfolio by developing cost-effective insulation products with enhanced properties. The manufacturers are also engaged in the product installation through their network of certified contractors and installers. Installation of these systems needs expert services, which can affect the overall price. Companies invest significantly in R&D activities related to product manufacturing, supply, and installation, which results in dynamic market conditions. Some prominent players in the global structural insulated panels market include:

  • Metl-Span
  • Kingspan Group
  • PFB Corporation
  • Isopan
  • KPS Global
  • American Insulated Panel
  • Structural Panels Inc.
  • All Weather Insulated Panels
  • Ingreen Systems Corp.
  • Owens Corning

 

Order a free sample PDF of the Structural Insulated Panels Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

Contact:

Sherry James

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Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

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