Structural Insulation Panels (SIP) Market Size - By Product (Glass Wool, Stone Wool, EPS, XPS, Phenolics, PU/PIR, Flexible Insulation), By Skin Type (OSB Two Sides, OSB One Side), By Application (Walls, Roofs, Floors), End-Use & Forecast, 2024 – 2032

Published Date: July - 2024 | Publisher: MRA | No of Pages: 240 | Industry: Construction | Format: Report available in PDF / Excel Format

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Structural Insulation Panels (SIP) Market Size - By Product (Glass Wool, Stone Wool, EPS, XPS, Phenolics, PU/PIR, Flexible Insulation), By Skin Type (OSB Two Sides, OSB One Side), By Application (Walls, Roofs, Floors), End-Use & Forecast, 2024 – 2032

Structural Insulation Panels Market Size

Structural Insulation Panels (SIP) Market size is slated to record more than 6.5% CAGR from 2024 to 2032.The surging adoption of stringent building codes as well as standards emphasizing energy efficiency and sustainability across multiple countries and regions will contribute to the industry growth. The emergence of zero-energy home (ZEH) concept has steered the popularity of foam plastic insulation building assemblies, including SIPs for forming airtight building envelopes to cuts energy employed in heating and cooling. The introduction of several new energy-efficient technologies will proliferate the product demand.

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Structural Insulation Panels Market Growth Drivers & Restraints

The rising number of investments for the development of cold chain infrastructure worldwide will positively impact the market expansion. To quote an instance, in September 2022, UBS joined PGGM and other investors in making an initial $700 million investment in large new cold storage warehouses to assist the perishable agriculture and real estate industries. On the contrary, the higher costs of structural insulation panels along with dearth of raw materials may pose as restraints for the product uptake.
 

Structural Insulation Panels Market Report Attributes
Report Attribute Details
Base Year 2023
Structural Insulation Panels Market Size in 2023 USD 562.43 Million
Forecast Period 2024 to 2032
Forecast Period 2024 to 2032 CAGR 6.5%
2032 Value Projection USD 862.8 Million
Historical Data for 2018 – 2023
No. of Pages 500
Tables, Charts & Figures 732
Segments covered Product, Skin Type, Application, End-Use and Region
Growth Drivers
  • Presence of favorable governments regulations & programs
  • Surging construction of green buildings
  • Growing thermal insulation materials market
  • Rising cold chain infrastructure investments worldwide
Pitfalls & Challenges
  • Higher product costs along with stringent regulations on raw materials

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COVID-19 Impact

The COVID-19 pandemic placed multiple challenges for the supply and production of SIPs due to the delayed construction projects propelled by labor shortages, lockdowns, and the uncertainty about the economic situation. However, the importance of energy-efficient as well as sustainable building practices highlighted the product adoption in the pandemic. Numerous stimulus packages introduced by various governments for supporting different sectors, including construction also complimented the market expansion.

Structural Insulation Panels Market Trends

The rising popularity of thermal insulation materials to limit CO2 emissions from buildings and construction will also play an ideal role in the market expansion. Moreover, the growing focus of manufacturers on bringing innovative SIP designs with fire resistance, improved structural capabilities, and sound insulation properties in residential, commercial, institutional, and industrial structures will add to the industry growth.

Structural Insulation Panels Market Analysis

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Structural insulation panels market size from the expanded polystyrene (EPS) segment is set to reach considerable revenue share by 2032, led by stringent government policies in order to monitor the CO2 releases. The rising number of renovation projects is accelerating the adoption of EPS panels for improving energy efficiency of the existing buildings with enhanced insulation to roofs, walls, and floors. The growing research for developing energy-efficient construction materials will influence the segment expansion.

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The wall segment is expected to account for considerable revenue share of the structural insulation panels market by 2032, driven by benefits, such as customization to specific designs, reduced construction time, efficient installation and quick on-site assembly. On account of their excellent thermal insulation, SIPs minimize the heat transfer through walls leading to limited energy consumption for heating and cooling, making way for lower utility bills and smaller carbon footprint. The robust presence of green building certifications, such as LEED will also outline the market growth.

Hey there! The construction industry has been buzzing lately, and one area that's really taking off is structural insulation panels. These panels are used in all sorts of commercial buildings, from offices to hospitals. One big reason for their popularity is that they can be installed super quickly, which saves time and money. And because they're so energy-efficient, they help businesses save on their utility bills too. Retail spaces, like stores and shopping malls, are really benefiting from these panels. They need to be able to open their doors fast, and the insulation helps them keep their energy costs low. In fact, in the U.K., there's been a huge increase in construction contracts for retail spaces lately. But it's not just retail that's driving this market. The healthcare industry is also building new hospitals and clinics left and right, and these panels are a great fit for them. They're durable, easy to clean, and they create a comfortable environment for patients and staff alike. So, what's the bottom line? The future looks bright for the structural insulation panels market. As more and more commercial buildings are being built, the demand for these panels is only going to grow.

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Asia Pacific structural insulation panels market is anticipated to witness over 8% CAGR from 2023 to 2032. The rising population growth, urbanization, and infrastructure development has spurred the higher adoption of innovative construction materials. As per Urbanet, the urban population in India is growing by 2.3% each year. The growing rate of infrastructure expenses for the construction of offices, supermarkets, hotels, and houses along with the influx of stringent government-imposed energy efficiency regulations and standards will boost the regional market growth.

Structural Insulation Panels Market Share

Some of the major participants in the structural insulation panels market include

  • Kingspan Group
  • Owens Corning
  • Enercept Inc.
  • Eagle Panel Systems, Inc.
  • ACME PANEL
  • Cornerstone Building Brands
  • Foam Laminates
  • Lattonedil Spa Milano
  • Foard Panel Inc.
  • Premier Building Systems
  • The Murus Company
  • T Clear Corporation
  • Future Building of America
  • Insulspan Inc.
  • METECNO
  • Nohara Holdings, Inc.
  • Isopan
  • Romakowski GmbH & Co. KG
  • PFB Corporation
  • ICS Eco-SIPs

Structural Insulation Panels Industry News

  • In August 2021, Nucor Corporation acquired the insulated metal panels (IMP) business of Cornerstone Building Brands to offer its customers with numerous products to cater to high-end architectural applications.

This market research report on structural insulation panels includes in-depth coverage of the industry with estimates & forecast in terms of volume in square foot and revenue in USD million from 2023 to 2032, for the following segments

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Market, By Product

  • Glass Wool
  • Stone Wool
  • EPS
  • XPS
  • Phenolics
  • PU/PIR
  • Flexible Insulation

Market, By Skin Type

  • OSB Two Sides
  • OSB One Side

Market, Application

  • Walls
  • Roofs
  • Floors

Market, End-Use

  • Residential
  • Commercial
  • Non-Building

The above information is provided on a regional and country basis for the following

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • Poland
    • France
    • UK
    • Spain
    • Italy
    • Ukraine
    • Netherlands
    • Turkey
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Thailand
    • Malaysia
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait
    • Egypt

 

 

Table of Content

Report Content

Chapter 1   Methodology & Scope

1.1    Research methodology

1.1.1    Initial data exploration

1.1.2    Statistical model and forecast

1.1.3    Industry insights and validation

1.1.4    Definitions

1.1.5    Assumption, scope & forecast parameters

1.2    Data sources

1.2.1    Secondary Sources

1.2.2    Primary Sources

Chapter 2   Executive Summary

2.1    Structural insulation panels industry 3600 synopsis, 2018 - 2032

2.1.1    Business trends

2.1.2    Product trends

2.1.3    Skin type trends

2.1.4    Application trends

2.1.5    End use trends

2.1.6    Regional trends

Chapter 3   Structural Insulation Panels Industry Insights

3.1    Industry segmentation

3.2    Industry landscape

3.3    Industry ecosystem analysis

3.3.1    Raw Material

3.3.2    Manufacturers

3.3.3    Distribution Channel

3.3.3.1    Direct distribution

3.3.3.2    Online sales channel

3.3.3.3    Resellers

3.3.3.4    Wholesale

3.3.3.5    Retail

3.3.4    Profit margin trends

3.3.5    Vendor matrix

3.4    Technology landscape

3.4.1    Production process

3.4.1.1    With polystyrene core

3.4.1.2    With polyurethane core

3.4.1.2.1    Polymer reactions

3.4.1.2.2    Processing

3.4.2    Upcoming production process trends

3.4.2.1    Manufacturing of composite structural insulated panels (CSIPs)

3.5    Raw material trends

3.5.1    Glass

3.5.2    Stone

3.5.3    Polystyrene

3.5.4    Polyurethane

3.5.5    Phenols

3.5.6    Polyisocyanurate

3.6    Global construction industry outlook, 2022

3.6.1    Rise in construction spending

3.7    Current trend of green building

3.7.1    Energy efficiency of buildings with SIP

3.7.2    Comparative analysis SIP vs conventional construction methods

3.7.3    Environmental concerns & BioSIPs

3.7.4    Cost analysis SIP vs stick frame

3.7.4.1    Walls

3.7.4.2    Electrical

3.7.4.3    Roof and Dormers

3.8    Regulatory landscape

3.8.1    North America

3.8.1.1    Method A (Perspective Component Method)

3.8.1.2    Method B (Empirical Full-Scale Test Method)

3.8.2    Europe

3.8.2.1    European union

3.8.3    Asia Pacific

3.8.3.1    China

3.8.4    Latin America

3.8.4.1    Brazil

3.8.4.2    Mexico

3.8.5    Middle East & Africa

3.8.5.1    UAE

3.9    Consumer buying behavior

3.9.1    Unmet needs

3.9.2    Social & cultural impact forces

3.9.3    Information search

3.9.4    Evaluation of alternatives

3.9.5    Purchase decision

3.9.6    Post purchase behaviour

3.10   Pricing analysis, 2018 - 2032

3.10.1    Regional pricing

3.10.1.1    North America

3.10.1.2    Europe

3.10.1.3    Asia Pacific

3.10.1.4    Latin America

3.10.1.5    Middle East and Africa

3.10.2    Cost structure analysis

3.10.2.1    Material cost

3.10.2.2    Labour & manufacturing cost

3.10.2.3    Technology cost

3.10.2.4    R&D

3.10.2.5    Miscellaneous

3.11   Industry impact forces

3.11.1    Growth drivers

3.11.1.1    Favorable governments regulations & programs supporting the construction of green buildings

3.11.1.2    Growing thermal insulation materials market

3.11.2    Industry pitfalls & challenges

3.11.2.1    Higher product costs along with stringent regulations on raw materials

3.12   Innovation, sustainability, & new product launches

3.13   Growth potential analysis, 2022

3.14   Competitive landscape, 2022

3.14.1    Market share analysis, 2022

3.14.2    Top players overview

3.14.3    Key stakeholders

3.14.4    Strategy dashboard

3.15   Porter's analysis

3.16   PESTEL analysis

Chapter 4   Structural Insulation Panels Market, By Product

4.1    Global structural insulation panels market share by product, 2018 & 2032

4.2    Glass wool

4.3    Stone wool

4.4    EPS

4.5    XPS

4.6    Phenolics

4.7    PU/PIR

4.8    Flexible Insulation

Chapter 5   Structural Insulation Panels Market, By Skin Type

5.1    Global structural insulation panels market share by skin type, 2018 & 2032

5.2    OSB two sides

5.3    OSB one side

5.4    Others

Chapter 6   Structural Insulation Panels Market, By Application

6.1    Global structural insulation panels market share by application, 2018 & 2032

6.2    Walls

6.3    Roofs

6.4    Floors

Chapter 7   Structural Insulation Panels Market, By End Use

7.1    Global structural insulation panels market share by end use, 2018 & 2032

7.2    Residential

7.3    Commercial

7.4    Non-Building

Chapter 8   Structural Insulation Panels Market, By Region

8.1    Global structural insulation panels market share by region, 2018 & 2032

8.2    North America

8.2.1    North America structural insulation panels market estimates & forecast, 2018 - 2032, (Million Square Feet) (USD Million)

8.2.2    North America structural insulation panels market estimates & forecast, by product, 2018 - 2032, (Million Square Feet) (USD Million)

8.2.3    North America structural insulation panels market estimates & forecast, by skin type, 2018 - 2032, (Million Square Feet) (USD Million)

8.2.4    North America structural insulation panels market estimates & forecast, by application, 2018 - 2032, (Million Square Feet) (USD Million)

8.2.5    North America structural insulation panels market estimates & forecast, by end use type, 2018 - 2032, (Million Square Feet) (USD Million)

8.2.6    U.S.

8.2.6.1    U.S. structural insulation panels market estimates & forecast, 2018 - 2032, (Million Square Feet) (USD Million)

8.2.6.2    U.S. structural insulation panels market estimates & forecast, by product, 2018 - 2032, (Million Square Feet) (USD Million)

8.2.6.3    U.S. structural insulation panels market estimates & forecast, by skin type, 2018 - 2032, (Million Square Feet) (USD Million)

8.2.6.4    U.S. structural insulation panels market estimates & forecast, by application, 2018 - 2032, (Million Square Feet) (USD Million)

8.2.6.5    U.S. structural insulation panels market estimates & forecast, by end use type, 2018 - 2032, (Million Square Feet) (USD Million)

8.2.7    Canada

8.2.7.1    Canada. structural insulation panels market estimates & forecast, 2018 - 2032, (Million Square Feet) (USD Million)

8.2.7.2    Canada structural insulation panels market estimates & forecast, by product, 2018 - 2032, (Million Square Feet) (USD Million)

8.2.7.3    Canada structural insulation panels market estimates & forecast, by skin type, 2018 - 2032, (Million Square Feet) (USD Million)

8.2.7.4    Canada structural insulation panels market estimates & forecast, by application, 2018 - 2032, (Million Square Feet) (USD Million)

8.2.7.5    Canada structural insulation panels market estimates & forecast, by end use type, 2018 - 2032, (Million Square Feet) (USD Million)

8.3    Europe

8.3.1    Europe structural insulation panels market estimates & forecast, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.2    Europe structural insulation panels market estimates & forecast, by product, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.3    Europe structural insulation panels market estimates & forecast, by skin type, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.4    Europe structural insulation panels market estimates & forecast, by application, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.5    Europe structural insulation panels market estimates & forecast, by end use type, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.6    Germany

8.3.6.1    Germany structural insulation panels market estimates & forecast, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.6.2    Germany structural insulation panels market estimates & forecast, by product, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.6.3    Germany structural insulation panels market estimates & forecast, by skin type, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.6.4    Germany structural insulation panels market estimates & forecast, by application, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.6.5    Germany structural insulation panels market estimates & forecast, by end use type, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.7    France

8.3.7.1    France structural insulation panels market estimates & forecast, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.7.2    France structural insulation panels market estimates & forecast, by product, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.7.3    France structural insulation panels market estimates & forecast, by skin type, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.7.4    France structural insulation panels market estimates & forecast, by application, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.7.5    France structural insulation panels market estimates & forecast, by end use type, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.8    Poland

8.3.8.1    Poland structural insulation panels market estimates & forecast, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.8.2    Poland structural insulation panels market estimates & forecast, by product, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.8.3    Poland structural insulation panels market estimates & forecast, by skin type, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.8.4    Poland structural insulation panels market estimates & forecast, by application, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.8.5    Poland structural insulation panels market estimates & forecast, by end use type, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.9    UK

8.3.9.1    UK structural insulation panels market estimates & forecast, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.9.2    UK structural insulation panels market estimates & forecast, by product, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.9.3    UK structural insulation panels market estimates & forecast, by skin type, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.9.4    UK structural insulation panels market estimates & forecast, by application, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.9.5    UK structural insulation panels market estimates & forecast, by end use type, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.10    Italy

8.3.10.1    Italy structural insulation panels market estimates & forecast, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.10.2    Italy structural insulation panels market estimates & forecast, by product, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.10.3    Italy structural insulation panels market estimates & forecast, by skin type, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.10.4    Italy structural insulation panels market estimates & forecast, by application, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.10.5    Italy structural insulation panels market estimates & forecast, by end use type, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.11    Spain

8.3.11.1    Spain structural insulation panels market estimates & forecast, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.11.2    Spain structural insulation panels market estimates & forecast, by product, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.11.3    Spain structural insulation panels market estimates & forecast, by skin type, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.11.4    Spain structural insulation panels market estimates & forecast, by application, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.11.5    Spain structural insulation panels market estimates & forecast, by end use type, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.12    Ukraine

8.3.12.1    Ukraine structural insulation panels market estimates & forecast, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.12.2    Ukraine structural insulation panels market estimates & forecast, by product, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.12.3    Ukraine structural insulation panels market estimates & forecast, by skin type, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.12.4    Ukraine structural insulation panels market estimates & forecast, by application, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.12.5    Ukraine structural insulation panels market estimates & forecast, by end use type, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.13    Netherlands

8.3.13.1    Netherlands structural insulation panels market estimates & forecast, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.13.2    Netherlands structural insulation panels market estimates & forecast, by product, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.13.3    Netherlands structural insulation panels market estimates & forecast, by skin type, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.13.4    Netherlands structural insulation panels market estimates & forecast, by application, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.13.5    Netherlands structural insulation panels market estimates & forecast, by end use type, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.14    Turkey

8.3.14.1    Turkey structural insulation panels market estimates & forecast, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.14.2    Turkey structural insulation panels market estimates & forecast, by product, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.14.3    Turkey structural insulation panels market estimates & forecast, by skin type, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.14.4    Turkey structural insulation panels market estimates & forecast, by application, 2018 - 2032, (Million Square Feet) (USD Million)

8.3.14.5    Turkey structural insulation panels market estimates & forecast, by end use type, 2018 - 2032, (Million Square Feet) (USD Million)

8.4    Asia Pacific

8.4.1    Asia Pacific structural insulation panels market estimates & forecast, 2018 - 2032, (Million Square Feet) (USD Million)

8.4.2    Asia Pacific structural insulation panels market estimates & forecast, by product, 2018 - 2032, (Million Square Feet) (USD Million)

8.4.3    Asia Pacific structural insulation panels market estimates & forecast, by skin type, 2018 - 2032, (Million Square Feet) (USD Million)

8.4.4    Asia Pacific structural insulation panels market estimates & forecast, by application, 2018 - 2032, (Million Square Feet) (USD Million)

8.4.5    Asia Pacific structural insulation panels market estimates & forecast, by end use type, 2018 - 2032, (Million Square Feet) (USD Million)

8.4.6    China

8.4.6.1    China structural insulation panels market estimates & forecast, 2018 - 2032, (Million Square Feet) (USD Million)

8.4.6.2    China structural insulation panels market estimates & forecast, by product, 2018 - 2032, (Million Square Feet) (USD Million)

8.4.6.3    China structural insulation panels market estimates & forecast, by skin type, 2018 - 2032, (Million Square Feet) (USD Million)

8.4.6.4    China structural insulation panels market estimates & forecast, by application, 2018 - 2032, (Million Square Feet) (USD Million)

8.4.6.5    China structural insulation panels market estimates & forecast, by end use type, 2018 - 2032, (Million Square Feet) (USD Million)

8.4.7    India

8.4.7.1    India structural insulation panels market estimates & forecast, 2018 - 2032, (Million Square Feet) (USD Million)

8.4.7.2    India structural insulation panels market estimates & forecast, by product, 2018 - 2032, (Million Square Feet) (USD Million)

8.4.7.3    India structural insulation panels market estimates & forecast, by skin type, 2018 - 2032, (Million Square Feet) (USD Million)

8.4.7.4    India structural insulation panels market estimates & forecast, by application, 2018 - 2032, (Million Square Feet) (USD Million)

8.4.7.5    India structural insulation panels market estimates & forecast, by end use type, 2018 - 2032, (Million Square Feet) (USD Million)

8.4.8    Japan

8.4.8.1    Japan structural insulation panels market estimates & forecast, 2018 - 2032, (Million Square Feet) (USD Million)

8.4.8.2    Japan structural insulation panels market estimates & forecast, by product, 2018 - 2032, (Million Square Feet) (USD Million)

8.4.8.3    Japan structural insulation panels market estimates & forecast, by skin type, 2018 - 2032, (Million Square Feet) (USD Million)

8.4.8.4    Japan structural insulation panels market estimates & forecast, by application, 2018 - 2032, (Million Square Feet) (USD Million)

8.4.8.5    Japan structural insulation panels market estimates & forecast, by end use type, 2018 - 2032, (Million Square Fe

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