Americas Structural Insulated Panels Market- Growth, COVID-19 impact and Forecast (2021-2025)
Americas Structural Insulated Panels market is segmented by Product type (EPS, Polyurethane, Glass Wool and XPS); Application (Walls and floors, Roof and cold storage); Region (U.S, Canada, Mexico, Central and South America).
Introduction
Structural insulated panels (SIPs) are high performance building systems used in residential and light commercial constructions. Structural insulated panels is a structured composite consisting of insulating layer of structured boards. It takes the form of sandwich panel.
Favorable regulations for the adoption of building insulation materials for lowering the overall energy consumption coupled with heavy investments in the establishment of cold chain infrastructure are some of the key factors driving the market growth.
Despite the current pandemic situation, the structural insulated panel manufacturers are recovering their operations in full capacities from 2021 beginning. Along with this, the recovering construction activities across Americas are expected to mitigate to numerous potential negative impacts caused during COVID-19 and maximize their opportunities in future.
Table of Contents
Executive Summary
Scope of the report
Research Methodology
Executive Summary
Introduction
5.1 Parent Market/ TAM
5.2 Market Outline
5.3 Market Segmentation
6.Five Force analysis
7.Market Sizing
8.Market segmentation
9.Geographical Landscape
9.1 APAC
9.2 Europe
9.3 North America
9.4 ROW
10.Growth drivers
10.1 Regulations Focusing On Lowering Overall Energy Consumption
10.2 High demand for the product for promoting thermal energy conservation
11.Key Market Trends
12.Impact of Covid-19
13.Challenges
14.Customer Insights analysis
15.Major Market Players
15.1 Metl-Span
15.2 Kingspan Group
15.3 PFB Corporation
15.4 Isopan
15.5 KPS Global
15.6 American Insulated Panels
15.7 Metecno Group
15.8 All Weather Insulated Panels
15.9 Owens Corning
15.10 Green Span Profiles
16.Recent Developments
17.Future Scope
18.Strategic Recommendations
Market Overview
Americas structural insulated panels market is expected to grow to $3.50 billion by 2025
Growth momentum is expected to accelerate during the forecast period with a 7.59% CAGR.
Increasing adoption of green building standards and growing investments in the renovation of various residential and industrial building structures are anticipated to drive the market.
The U.S is dominating the market due to increased demand from the residential sector, extensively developed cold chain and logistics industry, and the government initiatives to develop social infrastructure
Key Trends
Green building initiatives across various regions, are anticipated to propel the demand for the market in the coming years.
Increasing healthcare infrastructure development across globe amid COVID-19 is expected drive the demand.
The increasing number of renovation and refurbishment projects in the developed countries is anticipated to boost the demand for materials, thereby propelling the industry growth.
Key Market Players
Some of the key players in the market are Metl-Span, Kingspan Group, PFB Corporation, Isopan, KPS Global, American Insulated Panels
The market is highly competitive owing to the presence of both regional and multinational players. New product development and competitive pricing are some of the manufacturers’ key focus areas to strengthen their industry positions.
Growth Drivers and Challenges
The rising investment in various construction and infrastructure projects across the Americas is driving the market.
Favorable regulations, owing to the focus on lowering overall energy consumption, are driving the demand.
The volatility of raw material prices is restraining the market demand
Environmentally friendly raw materials restricting the demand for traditionally used raw materials to insulation panels which are challenging industry players in the market