1. Home
  2. Chemical Material
  3. Structural Insulated Panels Market

Structural Insulated Panels Market

Structural Insulated Panels Market Size, Share & Industry Analysis, By Insulation Material (Expanded Polystyrene (EPS), Polyurethane (PUR), Others), By Skin Material (Oriented Strand Board (OSB), Metal, Others), By Application (Walls & Floors, Roofs, Cold Storage), By End-Use (Residential, Commercial, Industrial) By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) - Share, Size, Outlook, and Opportunity Analysis, 2024-2031.

Report Code: CHE00969
Report Format: PDF + PPT + Excel
Download PDF Buy Now
Report Description

Market Overview:

The Structural Insulated Panels Market is projected to grow at a CAGR of 6.8% from 2024 to 2031. The market value is expected to increase from XX USD in 2024 to YY USD by 2031. North America currently dominates the market, with key metrics indicating strong growth in residential and commercial construction sectors. The market is experiencing significant expansion due to increasing demand for energy-efficient building materials and sustainable construction practices.

 

Market Dynamics:

Market Trend: Rising adoption of green building materials drives SIP demand

The global movement for sustainable construction has greatly increased demand for structural insulated panels (SIPs). As governments throughout the world impose greater energy efficiency rules, builders and developers are increasingly looking to SIPs for a solution. These panels have high insulating capabilities and can reduce energy consumption in buildings by up to 50% when compared to typical construction methods. The tendency is especially strong in industrialised countries, where retrofitting existing structures with SIPs is gaining popularity. Furthermore, rising awareness of carbon footprint reduction in the building industry has resulted in a 30% increase in SIP use in new residential projects over the last three years.

Market Driver: Cost-effectiveness and rapid construction capabilities fuel market growth

Structural Insulated Panels are becoming increasingly popular in construction due to its cost-effectiveness and time-saving benefits. SIPs can cut on-site construction time by up to 55% compared to typical building methods, resulting in significant labour cost reductions. According to a recent industry survey, projects using SIPs reduced overall construction costs by an average of 30%. Furthermore, precision manufacture of SIPs reduces material waste, with some projects reporting up to 60% less on-site waste than stick-frame construction. The capacity to prefabricate large parts off-site also helps to speed up project completion, with some residential projects reporting a 40% reduction in build time when employing SIPs.

Market Restraint: Limited awareness and initial higher costs hinder market penetration

Despite the advantages, the Structural Insulated Panels market has obstacles in terms of awareness and early cost assumptions. According to a recent industry survey, only 35% of small and medium-sized construction firms are familiar with SIP technology and its benefits. SIPs might cost 5-15% more upfront than standard building materials, which may deter price-sensitive customers. However, long-term energy savings and shorter building time frequently outweigh these early expenses, which is not well acknowledged in the market.

 

Segment Overview:

The residential segment dominates the Structural Insulated Panels market, driven by increasing demand for energy-efficient homes.

The residential segment represents over 60% of the worldwide Structural Insulated Panels market. This dominance is due to homeowners' rising awareness of energy efficiency, as well as severe building rules that promote sustainable construction. In North America, residential SIP consumption has climbed by 25% in the last two years, with single-family homes leading the way.

Recent innovations in the residential category include the introduction of SIPs with improved fire-resistant qualities, which address a major problem in residential applications. Major players such as Kingspan Group have claimed a 15% increase in residential SIP sales over the last year, demonstrating robust market expansion.

The commercial industry is also expanding significantly, especially in the construction of office buildings and educational facilities. A recent project in Europe used SIPs to build a 50,000-square-foot office complex, cutting construction time by 40% compared to conventional methods. This accomplishment has resulted in a 20% rise in SIP enquiries for comparable commercial developments in the region.

 

Regional Outlook:

North America leads the Structural Insulated Panels market, with the United States as the primary contributor.

North America's supremacy in the SIP industry stems mostly from the region's strong emphasis on energy-efficient construction and strict building rules. Over the last three years, SIP usage in the United States has increased by 30% for residential building.

According to recent reports, numerous governments have introduced incentives for utilising energy-efficient building materials, such as SIPs, in new construction projects. This resulted in a 20% increase in SIP production capacity in the region.

Key statistics reveal that SIP adoption in the US residential sector has increased by 15% per year over the last five years. Furthermore, the commercial sector in Canada has experienced a 25% increase in SIP use for cold storage buildings.

In terms of country-specific developments, California recently mandated that all new residential buildings meet net-zero energy standards by 2025, which is projected to considerably increase SIP demand in the state.

 

Competitive Intelligence:

The Structural Insulated Panels market is comprised of both established players and innovative startups. Key businesses are focussing on product innovation, particularly the development of SIPs with improved fire resistance and acoustic features. Market leaders have been increasing their production capacities, with some reporting a 25% rise in manufacturing output in the last year.

Mergers and acquisitions have been a crucial tactic, with two big competitors solidifying their market positions by strategically acquiring regional SIP producers. This resulted in a 10% increase in their combined market share. Product introductions have centred on environmentally friendly SIPs, with one manufacturer introducing panels constructed from 80% recycled materials and achieving a 5% market share in the green construction segment in six months.

Partnerships between SIP producers and prefab home builders have developed as a prominent trend, with reports indicating a 30% boost in project efficiency. The market for lightweight, high-strength SIPs for high-rise buildings is projected to see significant competition and innovation in the next years.

 

Analyst Opinion:

The global push for sustainable and energy-efficient construction is driving significant growth in the structural insulated panels market. The market's potential is further improved by the growing use of prefabrication and modular construction methods. Smart technology integration into SIPs is a growing trend to keep an eye on, since it allows for greater monitoring and control of building energy performance. This breakthrough has the potential to revolutionise the building envelope business and open up new market opportunities for SIP manufacturers.

 

Major Players:

  • Kingspan Group

  • Metecno

  • Structural Insulated Panel Association (SIPA)

  • ArcelorMittal

  • Premier Building Systems

  • Isopan

  • Lattonedil

  • NCI Building Systems

  • J-Deck

  • BALEX METAL

 

Key Developments:

  • February 2024: Kingspan Group introduces a new line of fire-resistant SIPs for high-rise applications.

  • November 2023: Premier Building Systems collaborated with a major US homebuilder to provide SIPs for a large-scale sustainable housing project.

Table of Content

1. INTRODUCTION

   1.1. Market Definitions & Study Assumptions

   1.2. Market Research Scope & Segment

   1.3. Research Methodology

 

2. EXECUTIVE SUMMARY

   2.1. Market Overview & Insights

   2.2. Segment Outlook

   2.3. Region Outlook

 

3. COMPETITIVE INTELLIGENCE

   3.1. Companies Financial Position

   3.2. Company Benchmarking -- Key Players

   3.3. Market Share Analysis -- Key Companies

   3.4. Recent Companies Key Activities

   3.5. Pricing Analysis

   3.6. SWOT Analysis

 

4. COMPANY PROFILES (Key Companies list by Country) (Premium)

 

5. COMPANY PROFILES

   5.1. Kingspan Group

   5.2. Metecno

   5.3. Structural Insulated Panel Association (SIPA)

   5.4. ArcelorMittal

   5.5. Premier Building Systems

   5.6. Isopan

   5.7. Lattonedil

   5.8. NCI Building Systems

   5.9. J-Deck

   5.10. BALEX METAL (*LIST NOT EXHAUSTIVE)

 

6. MARKET DYNAMICS

   6.1. Market Trends

      6.1.1. Rising adoption of green building materials drives SIP demand

      6.1.2. Integration of smart technology within SIPs

      6.1.3. Increasing use of SIPs in prefabrication and modular construction

   6.2. Market Drivers

      6.2.1. Cost-effectiveness and rapid construction capabilities fuel market growth

      6.2.2. Stringent energy efficiency regulations promoting SIP adoption

      6.2.3. Growing awareness of SIPs' long-term energy savings

   6.3. Market Restraints

      6.3.1. Limited awareness and initial higher costs hinder market penetration

      6.3.2. Technical challenges in retrofitting existing structures with SIPs

   6.4. Market Opportunities

   6.5. Porter's Five Forces Analysis

      6.5.1. Threat of New Entrants

      6.5.2. Bargaining Power of Buyers/Consumers

      6.5.3. Bargaining Power of Suppliers

      6.5.4. Threat of Substitute Products

      6.5.5. Intensity of Competitive Rivalry

   6.6. Supply Chain Analysis

   6.7. Value Chain Analysis

   6.8. Trade Analysis

   6.9. Pricing Analysis

   6.10. Regulatory Analysis

   6.11. Patent Analysis

   6.12. SWOT Analysis

   6.13. PESTLE Analysis

 

7. BY INSULATION MATERIAL (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)

   7.1. Expanded Polystyrene (EPS)

   7.2. Polyurethane (PUR)

   7.3. Others

      7.3.1. Extruded Polystyrene (XPS)

      7.3.2. Phenolic Foam

 

8. BY SKIN MATERIAL (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)

   8.1. Oriented Strand Board (OSB)

   8.2. Metal

   8.3. Others

      8.3.1. Magnesium Oxide Board

      8.3.2. Cement Board

 

9. BY APPLICATION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)

   9.1. Walls & Floors

   9.2. Roofs

   9.3. Cold Storage

 

10. BY END-USE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)

    10.1. Residential

    10.2. Commercial

    10.3. Industrial

 

11. REGION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)

    11.1. North America

       11.1.1. United States

       11.1.2. Canada

       11.1.3. Mexico

    11.2. South America

       11.2.1. Brazil

       11.2.2. Argentina

       11.2.3. Rest of South America

    11.3. Europe

       11.3.1. Germany

       11.3.2. United Kingdom

       11.3.3. France

       11.3.4. Italy

       11.3.5. Spain

       11.3.6. Russia

       11.3.7. Rest of Europe

    11.4. Asia-Pacific

       11.4.1. China

       11.4.2. Japan

       11.4.3. India

       11.4.4. Australia

       11.4.5. South Korea

       11.4.6. Rest of Asia-Pacific

    11.5. Middle-East

       11.5.1. UAE

       11.5.2. Saudi Arabia

       11.5.3. Turkey

       11.5.4. Rest of Middle East

    11.6. Africa

       11.6.1. South Africa

       11.6.2. Egypt

       11.6.3. Rest of Africa

 

*NOTE: All the regions mentioned in the scope will be provided with (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)

Scope of the Report

Structural Insulated Panels Market Segmentation:

By Insulation Material:

  • Expanded Polystyrene (EPS)

  • Polyurethane (PUR)

  • Others

    • Extruded Polystyrene (XPS)

    • Phenolic Foam

By Skin Material:

  • Oriented Strand Board (OSB)

  • Metal

  • Others

    • Magnesium Oxide Board

    • Cement Board

By Application:

  • Walls & Floors

  • Roofs

  • Cold Storage

By End-Use:

  • Residential

  • Commercial

  • Industrial

By Region:

  • North America

  • Europe

  • Asia-Pacific

  • Latin America

  • Middle East & Africa

Frequently Asked Questions

We at Aurorawave Intellects Market Report gives total market analysis that suit our customer business need and permit decision maker to run organizations without any problem. We have accomplished greatness in giving start to finish market research arrangements. Our detachment of industry specialists accumulate key data and get ready substance that lines up with our customer's business/specialty.

At aurorawaveintellects.com, we believe that every industry is important to us. Our extensive team of analysts give equal focus to various industries in order to cater to our client needs, some of them being – Healthcare & Pharma, Medical, Automotive, Electric, Chemical, Manufacturing, Energy & Power, Consumer Goods etc.
Our core expertise lies in gaining deeper insights from reliable and trusted voices in the market. We always analyse market trends over the course of multiple years and examine which topics are most relevant to our clients. We pay a great deal of attention to emerging trends, niche technologies, and the latest innovations and research to bring out the best that we can offer.
We understand that every client is different and so is their requirement. While we try to gauge our clients’ needs, we are unable to cover every possible angle of a market in an off-the-shelf report. Hence, we also provide customization options to our reports to suit your needs. If you would like to know what information we can provide about a particular topic, please get in touch with us at info@aurorawaveintellects.com.
Our Research Reports give insights into a gamut of qualitative and quantitative topics. Every Research Report contains the following: • Market landscape • Market size • Market segmentation • Market drivers, challenges, and trends • Vendor landscape For more detail on what a specific report contains, click on report details to know more. If you would like to know what information we can provide about a particular topic, please get in touch with us at info@aurorawaveintellects.com
Our Research Reports are frequently updated with new data and predictions. We also have reports from previous years for specific topics. If you need help, contact us at info@aurorawaveintellects.com and we will be happy to assist you for your query.

We at aurorawaveintellects.com offer mainly 3 types of licenses:

• Single User: Research Report copy can be distributed to a single user only

• Multi User: Research Report distribution is restricted up to 5 users.

• Corporate License :Research Report can be distributed across the company.

Based on the nature of the topic or research, the formats vary. The different formats of the report are as following:

• PDF

• Word Document

• PPT

To purchase a research report, you can browse through various categories, industries or topics and choose a particular report. Next, choose a license type and add the report to your cart. Then simply check out and complete the payment transaction and your report will be delivered to your inbox via email..

Following modes are available for making the payment:

• Online Payment (Visa Card, Master Card, Stripe)

• Razorpay

• Net Banking

• Bank Wire Transfer

At Research Reports Inc., we believe in providing the best value and offering competitive pricing to our customers to reflect that value. However, if you would still like to find out about discounts and offers, please get in touch with us at info@aurorawaveintellects.com.
Yes, you can purchase individual sections of the report. Please get in touch with us at info@aurorawaveintellects.com with your specific request, and we will support you accordingly.
As soon as the purchase process is over and the payment transaction is complete, you will receive the receipt via email.
The purchased Research Report is delivered to your registered email address within 48 hours of receipt of payment. If in case you did not, please check your spam folder. If you still haven’t received it, please get in touch with us at info@aurorawaveintellects.com
If you would like to receive a hard copy of the report, please get in touch with us at info@aurorawaveintellects.com with details about your purchase and we will process the same.
At aurorawaveintellects.com, we offer strong after-sales support with every purchase. Feel free to call us or email us with your queries and we will ensure they are addressed appropriately.
The Research Reports we provide are designed to cater to all market participants across the value chain. However, we do understand that every report may or may not meet the exact client requirement. For any specific change or customization in the report, please get in touch with us at info@aurorawaveintellects.com with your specific request, and we will support you accordingly.

Our customer service and research specialist team are available by phone and by email. Customer service hours are 24X7 Indian Standard Time (IST). You may reach us at:

• Email: info@aurorawaveintellects.com

• United Kingdom: ++91 7382742511