Metal Structural Insulation Panels Market Research, 2031
The global metal structural insulation panels market size was valued at $43.7 billion in 2021, and is projected to reach $68.3 billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031. Metal structural insulation panel is a high-performance building system made up of metals that is utilized for residential and light commercial construction. These panels are mainly used for constructing floors, ceilings, and walls for light commercial and residential properties. Metal structural insulation panels are the type of composite sandwich panel system that forms an insulating core.
The major factor that drives the demand for metal structural insulation panels market share is the growth in commercial and residential real estate market. In addition, increase in spending on home remodeling activities is another factor driving the growth of the market. In addition, metal structural insulation panels help in creating more energy-efficient buildings, which contributes toward the market growth.
However, fluctuations in prices of raw materials such as polyurethane, polystyrene, and other metal components are limiting the growth of the market. Thus, this is anticipated to hamper the metal structural insulation panels market growth.
Furthermore, during the outbreak of the COVID-19 pandemic, construction, manufacturing, hotel, and tourism industries were majorly affected. Manufacturing activities were halted or restricted. Construction and transportation activities, along with their supply chains, were hampered on a global level. This led to decline in manufacturing of metal structural insulation panels as well as their demand in the market, thereby restraining the growth of the metal structural insulation panels market. Conversely, industries are gradually resuming their regular manufacturing and services. This led to reinitiation of metal structural insulation panels companies at their full-scale capacities,which helped the market to recover by end of 2021.
On the contrary, growth in awareness regarding green buildings is expected to offer new opportunities for the market. Metal structural insulation panels help in maintaining a healthy indoor air quality and keeping the buildings cool. Thus, this is expected to offer new metal structural insulation panels market opportunity.
The metal structural insulation panels market is segmented into Core Material, Application and End Use. On the basis of core material, the market is divided into polystyrene, polyurethane, and others. By application, it is classified into floor, roof, and wall. By end use, it is bifurcated into residential and nonresidential. Region wise, the global market analysis is conducted across North America (U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
On the basis of core material, in 2021, the polystyrene segment dominated the metal structural insulation panels industry in terms of revenue, whereas the others segment is expected to witness growth at the highest CAGR during the forecast period. As per application, in 2021, the wall segment led the metal structural insulation panels market, and the roof segment is expected to exhibit highest CAGR in the near future. By end use, the residential segment led the market in 2021, in terms of revenue, and the nonresidential segment is anticipated to register highest CAGR during the forecast period. Region wise, North America garnered highest revenue in 2021; however, Asia-Pacific is anticipated to register highest CAGR during the forecast period.
COMPETITION ANALYSIS
The major players profiled in the global metal structural insulation panels market overview include ACME Panel, American Insulated Panel, Extreme Panel Technologies, Inc., Ingreen Systems, Kingspan Group PLC, KPS Global, Metl-Span, Owens Corning, PFB Corp., and Structural Panels Inc. Major companies in the market have adopted product launch, partnership, business expansion, and acquisition as their key developmental strategies to offer better products and services to customers in the market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the metal structural insulation panels market analysis from 2021 to 2031 to identify the prevailing metal structural insulation panels market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the metal structural insulation panels market forecast.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global metal structural insulation panels market trends, key players, market segments, application areas, and market growth strategies.
Metal Structural Insulation Panels Market Report Highlights
| Aspects | Details |
 By Core Material |
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 By Application |
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 By End Use |
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 By Region |
|
 Key Market Players | Metl-Span, PFB Corp., American Insulated Panel, Kingspan Group PLC, ACME Panel, Ingreen Systems, KPS Global, Owens Corning, Structural Panels Inc., Extreme Panel Technologies, Inc. |
Analyst Review
The structural insulated panels market has observed significant growth in past few years, due to increase in awareness for building insulation materials to improve thermal performance of buildings and lower overall energy consumption. In addition, metal structural insulation panels are lightweight, have enhanced external appearance, and are widely available in a variety of colors. Hence, all these factors are anticipated to fuel the growth of the structural insulated panel market during the forecast period.
Various major key players are improving their product portfolio by launching energy saving metal panels. For instance, in May 2021, Ruukki Construction launched Ruukki Patina Panel, which combines energy saving with a patinated surface and is made from Cor-Ten steel.
Moreover, metal structural insulation panels are preferred due to their high thermal insulation and vapor diffusion resistance characteristics. These panels are widely used in the insulation of cold chain storages. As a result, rise in construction of cold chain infrastructures is likely to boost the product demand.
The global metal structural insulation panels market was valued at $43,666.3 million in 2021, and is projected to reach $68,312.3 million by 2031, registering a CAGR of 4.5% from 2022 to 2031.
The forecast period considered for the global metal structural insulation panels market is 2022 to 2031, wherein, 2021 is the base year, 2022 is the estimated year, and 2031 is the forecast year.
To get latest version of global metal structural insulation panels market report can be obtained on demand from the website.
The base year considered in the global metal structural insulation panels market report is 2021.
The top companies holding the market share in the global metal structural insulation panels market report include ACME Panel, American Insulated Panel, Extreme Panel Technologies, Inc., Ingreen Systems, Kingspan Group PLC, KPS Global, Metl-Span, Owens Corning, PFB Corp., and Structural Panels Inc.
The top ten market players are selected based on two key attributes - competitive strength and market positioning.
The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
By application, the wall segment is the highest share holder of metal structural insulation panels market.
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