Overview and Scope
Metal structural insulated panels (SIPs) refer to high-performance building systems used for construction purposes. These structural panels are made up of oriented strand board and an insulating foam core (OSB). These panels are suitable for any building design and provide good strength to the building.
Sizing and Forecast
The metal structural insulation panels market size has grown steadily in recent years. It will grow from <b>$42.74 billion in 2023 to $43.68 billion in 2024 at a compound annual growth rate (CAGR) of 2.2%. </b> The growth in the historic period can be attributed to energy efficiency regulations, cost-effective construction, improved insulation, reduced labor requirements, residential construction.
The metal structural insulation panels market size is expected to see steady growth in the next few years. It will grow to <b>$48.99 billion in 2028 at a compound annual growth rate (CAGR) of 2.9%. </b> The growth in the forecast period can be attributed to fire resistance, resilient infrastructure, government incentives, aging infrastructure renewal, climate change mitigation. Major trends in the forecast period include smart building integration, innovative architectural design, sustainable construction, renewable energy integration, innovative materials.
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Segmentation & Regional Insights
The metal structural insulation panels market covered in this report is segmented –
1) By Facing Material: OSB, MgO Board, Other Facing Materials
2) By Application: Floor, Roof, Wall
3) By End User: Residential, Non-Residential
<b>Asia-Pacific</b> was the largest region in the metal structural insulation panels market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the forecast period.The regions covered in the metal structural insulation panels market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The growing demand for construction is expected to propel the growth of the metal structural insulation panels market going forward. Construction refers to the activity of building something, typically a large structure. Metal structural insulation panels are used to construct ceilings, walls, and floors in the construction industry. These panels are also used for roofs and walls in commercial buildings and cold storage, which helps to increase the strength and durability of the building and make it more cost-effective. They also form an insulating core. For instance, according to the Ministry of Statistics and Program Implementation, an India-based government program, the construction sector in India grew by 10.2 percent in 2022 and recorded a growth of 8.6% for the year 2020. Furthermore, according to the Royal Institution of Chartered Surveyors, a UK-based surveying company, for the year 2021, there was a 9.7% increase in the value of construction output in the UK, which was 42.7 billion in the year 2021, as compared to 38.9 billion for the year 2020. Therefore, the growing demand for construction is driving the growth of the metal structural insulation panels market.
Key Industry Players
Major companies operating in the metal structural insulation panels market include <b> ArcelorMittal S.A., Jindal Mectec Insulation Private Limited, Ingreen Systems Corp, Kingspan Group PLC, Flexospan Steel Buildings Inc., Owens Corning, Metl-Span LLC, Nucor Building Systems, Metal Building Components L.P., Green Span Profiles, All Weather Insulated Panels, PermaTherm, Isocindu S.p.A., Italpannelli S.r.l., Tata Steel Europe, Ruukki Construction, Building Component Solutions LLC, Alubel SpA, Alumawall, Alumicor, Alucoil, Alumax Panel, AluNatur, Alutech Panels Limited, Aluvert, Alvic USA, Alwitra, American Buildings Company, ATAS International, Bemo USA, Berridge Manufacturing Company </b>
The metal structural insulation panels market report table of contents includes:
1. Executive Summary
2. Metal Structural Insulation Panels Market Characteristics
3. Metal Structural Insulation Panels Market Trends And Strategies
4. Metal Structural Insulation Panels Market – Macro Economic Scenario
5. Global Metal Structural Insulation Panels Market Size and Growth
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31. Global Metal Structural Insulation Panels Market Competitive Benchmarking
32. Global Metal Structural Insulation Panels Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Metal Structural Insulation Panels Market
34. Metal Structural Insulation Panels Market Future Outlook and Potential Analysis
35. Appendix
Top Major Players:
ArcelorMittal S.A
Jindal Mectec
Ingreen Systems Corp
Kingspan Group PLC
Flexospan Steel Buildings Inc
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