Structural Insulated Panels Market To Reach USD 714.6 Million By 2027
Market Summary
Rapid industrialization and the growing regulations for energy saving and environmental emissions in construction applications are the drivers for the growth of the market. Market Size – USD 449.8 Million in 2019, Market Growth - CAGR of 6.3%, Market Trends – High demand from commercial construction applications. The global Structural Insulated Panels market is forecast to reach USD 714.6 Million by 2027, according to a new report by Reports and Data. The growing importance of energy conservation, better management of natural resources, and the growing preference for insulation products will stimulate market growth.
Market Summary Our Approach Technological advances enabling secure installation methods, effective insulation products, and excellent soundproofing materials are fueling the growth of the industry. Increasing applications of higher R-value materials in small and large buildings will increase the market growth. The R-value determines the effectiveness of the coating material, the higher the R-value, the higher the efficiency of the insulating material. Cooling and heating applications account for more than half of the energy consumption in an average building. Therefore, structural insulated panels will significantly reduce energy costs. Population growth, rapid urbanization, and growth in the construction sector are among the main factors driving the expansion of the industry over the forecast period. Constructions with enhanced energyefficient measures for the residential and commercial sectors in several countries are driving demand in the market for structural insulation panels.
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Market Summary Our Approach Key participants include Premier Building Systems, Alubel SpA, Dana Group Plc, Kingspan Group, Eagle Panel Systems, Inc., Foard Panel Inc., Insulspan Inc., Nohara Holdings, Inc., Isopan, and ICS Eco-SIPs among others. For the purpose of this report, Reports and Data have segmented into the global Structural Insulated Panels market on the basis of material type, skin type, application, and region: Material Type Outlook (Revenue, USD Million; 2017-2027) Polystyrene Polyurethane Glass Wool Skin Type Outlook (Revenue, USD Million; 2017-2027) • OSB Two Side • OSB One Side
Market Summary Our Approach Application Outlook (Revenue, USD Million; 2017-2027) • Wall and Floor • Cold Storage • Roofs Regional Outlook (Revenue, USD Million; 2019-2026, and Volume Metric Tons-2026) • North America • Europe • Asia Pacific • Middle East & Africa • Latin America Order Now: https://www.reportsanddata.com/checkout-form/3272
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