Metal Structural Insulation Panels Market Expected to Reach $68.3 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Metal Structural Insulation Panels Market," The metal structural insulation panels market size was valued at $43.7 billion in 2021, and is estimated to reach $68.3 billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031. Metal structural insulation panels are widely preferred in walls & roofs and cold storage facilities. Rise in construction of residential & commercial buildings as well as warehouses is expected to offer remunerative lucrative opportunities for the global market. In addition, surge in demand for green buildings and need for eliminating heat transfer from external environment through conduction reduces the energy expenditure on cooling of building structure. Furthermore, rapid expansion of the e-commerce industry, which demands for warehouses and distribution centers is likely to create ample opportunities for the market. For instance, in March 2021, Amazon is building its new 1,30,000 square foot distribution center in Hollister, California.

North America dominated the market due to increase in demand from residential sector and cold storage industry. UAE established itself as the region's food import and trade powerhouse. As a result, it is witnessing increased expenditure in cold storage and cold logistics chain, which drives the metal structural insulation panels market growth. Asia-Pacific is expected to grow at the fastest rate, due to rapid increase in construction of green buildings and increase in awareness of benefits of insulated building structures.

However, during the pandemic, various manufacturers in the metal structural insulation panels market had to stop their business in countries such as China, the U.S., and India. In addition, lack of technology constricted supply of machines of metal structural insulating panels. However, resumption of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to reopening of metal structural insulating panels companies.

The metal structural insulation panels market share has observed significant growth in the past decade. This is attributed to rise in demand for green building for lowering the energy consumption and development of cold storage infrastructure. Furthermore, government initiatives for new energy-efficient homes and rise in demand for warehouses & distribution centers for e-commerce industry are expected to positively impact the metal structural insulating panels market.

The global market is segmented on the basis of core material, application, end use, and region. 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 metal structural insulation panels market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the 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).

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.

KEY FINDINGS OF THE STUDY

•        The report provides an extensive analysis of the current and emerging global metal structural insulation panels market trends and dynamics. 

•        Depending on core material, the polystyrene segment generated largest revenue in 2021.

•        By application, the wall segment generated highest revenue in 2021.

•        By end use, the residential segment dominated the market in 2021.

•        Region wise, North America is anticipated to dominate the global metal structural insulation panels industry throughout the forecast period.

•        The report provides an extensive analysis of the global metal structural insulation panels market opportunity of the market. 

•        The global metal structural insulation panels market forecast analysis from 2022 to 2031 is included in the report.