Stratview Research has concluded that the structural insulated panel market was estimated at USD 11.75 billion in 2021 and is likely to grow at a CAGR of 5.6% during 2022-2028 to reach USD 17.27 billion in 2028.
COVID-19 IMPACT
Many construction activities were halted to curb the spread of the Covid-19 virus, this resulted in disruption of the value chain of the construction industry. This resulted in a decline in demand for the structural insulated panel market.
Segment Analysis
Based on the application type, the market is segmented as building wall, building roof, and cold storage. The building wall segment held the largest share of the market in 2021 and is also expected to grow at the fastest pace during the forecast period, driven by the increasing demand from the residential sector.
In terms of regions, North America dominated the market in 2021 and is estimated to maintain its leading position during the forecast period as well. The region’s dominance is majorly due to the rising construction activities in Canada and Mexico. Over the years, The USA has witnessed a good increase in the growth of private construction spending. Also, the current trend of multi-family buildings has led the US Census Bureau to provide more permits for the construction of new residential buildings.
Report Customization Options
With this detailed report, Stratview Research offers one of the following customization options to the users -
Company Profiling -Detailed profiling of additional market players.
Competitive Benchmarking
The benefits of competitive benchmarking are clear: By comparing their performance to their competitors, users can catch trends early and adjust their marketing goals accordingly. This report provides authentic competitive benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
Key players
The key players active in the Structural Insulated Panel Market mentioned in the report are as follows -
- Alubel SpA
- Dana Group Plc
- Hemsec Manufacturing Ltd
- Kingspan Group
- Owens Corning Insulating Systems LLC
- PFB Corporation
- Premier Building Systems
- Rautaruukki Corporation
- Sips-Panels UK
- SuperSIPs Ltd.
Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].
FAQs in the Report-
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About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries. With this report, Stratview research also offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected] or connect with our experts at - +1-313-307-4176.
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