Market Insights
The structural insulated panel market is likely to witness a healthy CAGR of 6.0% during the forecast period.
This detailed market study, on the market growth potentials and growth opportunities can assist the user in building a clear picture of the Structural Insulated Panel trends and prospects. The report provides a wide range[AR1] [NU2] of second and third-party data, which has been analyzed using several analytical tools. In addition to providing insights into the market's potential, it can help investors in identifying the opportunities and scope.

What is Structural Insulated Panel?
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.
Market Drivers
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.
Segments Analysis
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.
Prominent players
Some of the major players operating in the Structural Insulated Panel market are-
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.
Analysis of regional growth patterns:
Several major regions have been examined to understand the development and demand patterns for this market. It analyses factors affecting the market both before and after COVID-19, in depth.
The report comes with -
• An in-depth evaluation of COVID-19's outlook on the Structural Insulated Panel Market.
Customisation of this study-
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