Structural Insulated Panels Market Analysis

Application (Floor, Roof, Wall)

Based on application the wall segment is predicted to account for 46% share of the global structural insulated panels market during the forecast period. The growing understanding of the financial benefits of utilizing effective building insulation is what is fuelling the growth in this industry. Wall insulation is one of the most crucial components to improve a building's energy efficiency. Together with wall insulation, floor insulation forms a protective envelope that stops heat from the outside environment from entering the building through conduction and convection radiation. This lowers the energy needed for the building's heating and cooling systems. US construction spending reached a total of USD 1.79 trillion in 2022.

Product (Polystyrene, Polyurethane Panels, Glass Wool Panels)

Based on product, the polystyrene segment is predicted to account for 45% share of the global structural insulated panels market during the forecast period. The great demand for these products can be due to their cost-effectiveness and resilience to dust and moisture. Additionally, because of its sturdy and solid surface, polystyrene provides a higher degree of resistance to punctures and earthquake-proof qualities. Nonetheless, the polyurethane segment is anticipated to increase at the fastest rate. 10.59 million tons of expandable polystyrene (EPS) will be produced worldwide in 2021.

Facing Material (OSB, MgO Board)

Based on facing material the OSB segment is estimated to grow significantly and is expected to have about 66% market share during the forecast period. Large-scale OSB is commonly accessible and has undergone extensive testing as a material capable of supporting loads. It is widely used in the construction industry because of its exceptional load-bearing qualities. Furthermore, wood species that are underutilized, rapidly developing, and generally less expensive can be used to create OSB, this is an efficient use of raw materials.

Our in-depth analysis of the global market includes the following segments:

Facing Material	OSB. MgO Board
Application	Floor Roof Wall
End-User	Residential Non-Residential
Insulation Material	EPS XPS
Product	Polystyrene Polyurethane Panels Glass Wool Panels

Frequently Asked Questions (FAQ)

Owing to their lightweights and external appearance and ability to improve building's thermal performance are the major factors driving the growth of the Structural Insulated Panels market.

The market size of structural insulated panels is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.

The major players in the market are Kingspan Group, PFB Corporation, Isopan, KPS Global, American Insulated Panel, Owens Corning, All Weather Insulated Panels, Ingreen Systems Corp., Structural Panels Inc., and others.

The wall segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.

Structural Insulated Panels Market Analysis