AUG 02,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Structural Insulated Panel Market.
Structural Insulated Panel market is likely to witness a healthy CAGR of 6.0% during the forecast period. The prime factor contributing towards the growth of the structural insulated panel market is the rising demand from the construction sector and cold storage applications.
Structural insulated panel consists of an insulating layer of rigid core sandwiched between two layers of structural board, used as a building material. The board can be sheet metal, plywood, cement, magnesium oxide board, or oriented strand board, and the core can either be expanded polystyrene foam.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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 2019, and is also expected to grow at the fastest pace during the forecast period, driven by the increasing demand from residential sector.
In terms of regions, North America dominated the market in 2019, 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 building has led the US Census Bureau to provide more permits for construction of new residential buildings.
Key Players:
• 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.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Structural Insulated Panel Market analysis report discusses the following heads in great detail:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors