Structural Insulated Panels Market Size

Structural Insulated Panels Market size was valued at USD 13.64 billion in 2024 and is expected to reach USD 26.69 billion by the end of 2037, expanding at around 5.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of structural insulated panels is assessed at USD 14.22 billion.. Structural insulated panels are predicted to gain popularity globally because of their lightweight nature, enhanced external look, and potential to enhance a building's thermal performance. Manufacturers of new, energy-efficient homes constructed in compliance with the 2005 federal Energy Policy Act's Federal Manufactured Housing Building Standards and Security Standards are eligible for a tax credit of up to USD 2,000 in the United States.

In addition, the construction industry is expanding and getting better quickly in the upcoming years. Over the next several years, it is expected that the market will expand significantly due to the rising demand for residential and commercial real estate. An increase in the use of energy-efficient and green building practices, along with a rise in demand for structural insulation panels for cold storage applications, is predicted to propel the market. 37% of businesses in the current construction and retrofitting industry plan to create environmentally friendly buildings of the respondents, 57% were listed globally.