Global Structural Insulated Panels Market to Reach USD 706.8 Million by 2033, Propelled by Increasing Construction Activities

January 03, 2025 | Chemical & Materials

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The latest report by IMARC Group, titled "Structural Insulated Panels Market Report by Product (Polystyrene, Polyurethane, Glass Wool, and Others), Application (Walls and Floors, Roof, Cold Storages), and Region 2025-2033," finds that the global structural insulated panels market size reached USD 481.2 Million in 2024. Structural insulated panels, also known as SIPs, are advanced building systems that are utilized in residential and commercial construction projects. They are produced by layering insulating materials, such as polyurethane, polyisocyanurate, expanded polystyrene, and extruded polystyrene, between two strong structural facings made of oriented strand boards (OSB). They also offer improved energy efficiency, reduce heat transfer, and provide extra strength and durability compared to traditional insulation methods. Moreover, SIPs also find extensive applications in cold storage systems to maintain optimal temperatures with minimal energy usage.

Global Structural Insulated Panels Market Trends:

The market is primarily driven by the increasing construction of residential and commercial buildings. In addition, the rising environmental awareness among the masses and the growing inclination toward eco-friendly, non-flammable, thermal-resistant, and flexible building materials represent another major growth-inducing factor. Besides this, SIPs are widely used for cold storage applications across various industries. This, coupled with the escalating demand for temperature-sensitive products, such as food and pharmaceuticals, is positively influencing the market growth. Moreover, the market is also propelled by the implementation of favorable government policies to reduce greenhouse gas emissions. Furthermore, the easy availability of soundproof and curved wall panels and the emerging trend of developing green cities are also creating a favorable market outlook across the globe. Looking forward, IMARC Group expects the market value to reach USD 706.8 Million by 2033, exhibiting a CAGR of 4.15% during the forecast period (2025-2033).

Market Summary:

Based on the product, the market has been segmented into polystyrene, polyurethane, glass wool, and others.
On the basis of the application, the market has been classified into walls and floors, roofs, and cold storage.
Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Russia, Spain, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa.
The competitive landscape of the market has been examined in the report, with some of the key players being All Weather Insulated Panels, American Insulated Panel, Enercept Inc., Ingreen Systems Corp., Isopan (Manni Group S.p.A), Kingspan Group plc, KPS Global, Metl-Span Llc (Cornerstone Building Brands), Owens Corning, PFB Corporation, Premier Building Systems Inc and Structural Panels Inc.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Segment Coverage	Product, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	All Weather Insulated Panels, American Insulated Panel, Enercept Inc., Ingreen Systems Corp., Isopan (Manni Group S.p.A), Kingspan Group plc, KPS Global, Metl-Span Llc (Cornerstone Building Brands), Owens Corning, PFB Corporation, Premier Building Systems Inc and Structural Panels Inc.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Structural Insulated Panels Market to Reach USD 706.8 Million by 2033, Propelled by Increasing Construction Activities

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