Global Structural Insulating Panel (SIP) Market Insight

Global structural insulating panel (SIP) are forecast to 5.51% over the next five years. According to the WK-chem Research, “Global Structural Insulating Panel (SIP) Professional Survey Report 2022, Forecast to 2027”, rise in the commercial and residential real estate markets, recovery of the construction industry, and surge in spending on home remodeling drive the growth of the global structural insulated panels market.. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 5.51% base on WK-chem Research regression analysis model.?

Analysts’ Viewpoint:

“The global structural insulated panels market is a highly fragmented market with no major player accounting for a prominent share in the global market. Most of the market leaders are forward integrated, i.e., they produce structural insulated panels along with providing installations and maintenance services. Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Structural Insulated Panels market”, said Phyllis Evans, Data Analyst, in WK-chem Research.

Market insight:

Favorable green building standards and regulations for the adoption of building insulation materials for lowering the overall energy consumption coupled with the growing investments in the development of cold chain infrastructure across the world are the key factors that are expected to drive the market. Structural insulated panels (SIPs) are expected to gain wide acceptance globally as they are lightweight, have a better external appearance, and can improve the thermal performance of buildings.

On the flip side, advancements in building technologies such as modular construction techniques are expected to hinder the market's growth.

Competition Landscape:

This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading structural insulating panel (SIP) companies that 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.

Segmentation of Structural Insulating Panel (SIP) Market:

According to the type, the market for structural insulating panel (SIP) is divided into: Polystyrene, Polyurethane Panels & Polyisocyanurate Panels, Glass Wool, and Others. Polystyrene has the largest market share. Based on product type, the polystyrene panels segment accounted for the larges, contributing to nearly half of the global structural insulated panels market, and is estimated to maintain its lead position in terms of revenue during the forecast period. This is attributed to its characteristics such as inexpensive nature, a relatively low melting point, superior shock-absorbing nature, enhanced thermal & noise insulation, and high strength to weight ratio.

According to the application, the market for structural insulating panel (SIP) is divided into: Residential and Nonresidential. The residential has the largest market share. Based on end user, the residential segment held the highest share accounting for more than two-thirds of the global structural insulated panels market, and is projected to continue its leadership status during the forecast period. This is due to new product developments such as fiber cement, gypsum wallboard, and light gauge metal panels, rise in investments in the real estate sector, increase in popularity of eco-friendly roofing technologies, and trend of building renovations & remodeling.?

Structural Insulating Panel (SIP) Market: Regional Analysis

In terms of geography, the global structural insulating panel (SIP) market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Based on region, North America contributed to the highest market share. This is due to adoption of exterior structural insulated panels for their scratch-resistant and waterproof properties that offer prolonged durability with lightweight. However, Asia-Pacific is expected to witness the largest CAGR during the forecast period, owing to surge in installation in the commercial and residential sectors in the region.

Cagr: 5.51%

Largest share area：North America

Largest share country：United States

Product Type：Polystyrene, Polyurethane Panels & Polyisocyanurate Panels, Glass Wool, and Others

Application：Residential and Nonresidential.

Leading Company：Metl-Span, Kingspan Group, PFB Corporation, Isopan, KPS Global