Metal Structural Insulation Panels Market Size By Application (Walls, Roofs), By End-use (Residential, Commercial, Non-building), COVID19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape & Forecast, 2023 – 2032

Industry Statistics

Metal Structural Insulation Panels Market size surpassed USD 43 billion in 2022 and is projected to record around 5.5% CAGR during 2023 to 2032, on account of the expanding cold storage industry worldwide.
 

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Cold storage warehouse construction has increased due to pandemic-driven changes in the purchasing behavior of customers. Furthermore, the industry is expected to benefit from emerging growth opportunities for key participants in heavily populated regions. Additionally, new manufacturers are establishing their footing in the business by providing modern technologies as well as addressing the widespread need for refrigerated warehousing, which is foreseen to support metal structural insulation panels market expansion by 2032.
 

Fluctuating raw material costs to hamper industry growth

The rising prices of the raw materials required in the production of metal SIPs are impacted by the volatility of crude oil prices, which, in turn, influences the pricing of the final product. These materials also raise concerns regarding sustainability as they are created from petrochemical compounds that impact the environment. To comply with energy policies and to reduce production costs, manufacturers are employing locally available natural and renewable materials as substitutes, such as rubber and wood, which is expected to enable them to overcome this constraint.
 

Favorable structural properties to boost product application in roofs

The metal structural insulation panels market from roofs application is projected to witness 1.5% growth rate through 2032. The demand for metal structural units in roofs is rising owing to their excellent durability, strength-to-weight ratio and weight-carrying capability. Moreover, these units provide enhanced climate protection by minimizing energy consumption while heating and cooling enclosed rooms, saving around 70% air leakage and 50% energy use, thereby spurring industry revenues.
 

Emerging zero-energy home trends in residential spaces

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The residential end-use segment held over 11% revenue share in 2022 and is expected to amass a valuation of more than USD 6 billion by 2032. The rising trend of zero-energy homes in various nations coupled with changing government norms and regulations pertaining to residential household constructions, are some major factors that are anticipated to bolster the demand for these panels in residential buildings, which is primed to support the growth in the future.
 

Growing product awareness to foster Asia pacific industry

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The APAC metal structural insulation panels market is expected to cross a valuation of USD 10 billion by 2032. Escalating product awareness and the mounting need for high-performance material adaptivity in the domestic building sector are estimated to stimulate the use of materials with the highest R-value. However, the burgeoning demand for food among the rising population is likely to influence product adoption for the construction of cold storage facilities, which is slated to facilitate APAC business by end of 2032.
 

Effective growth strategies to define the competitive landscape

The metal structural insulation panels market consists of leading companies, such as Kingspan Group, LEEP Inc., Nucor Building Systems, MIB Facades Limited, ArcelorMittal, Thermasteel, Flexospan Steel Buildings, Inc., Tata Steel Ltd., Kingspan Jindal Pvt. Ltd., Direct metals Co. LLC, and Structall Building Systems, among others. These companies are adopting strategic initiatives, such as partnerships and acquisitions, to enhance their business presence.
 

Impact of COVID-19 on industry trends

The COVID-19 pandemic initially had a detrimental effect on virtually all industrial sectors globally due to travel limitations, social isolation, consumer budget cuts, and project delays. Although the market witnessed a decrease in uptake across various applications, the pharmaceutical space saw a massive surge in the requirement for cold storage technology to preserve the materials used to produce vaccines and other pharmaceuticals, which positively influenced the industry. In addition, the declining infection rates and the resumption of operations have been lucrative for the sector.
 

This market research report on metal structural insulation panels includes in-depth coverage of the industry with estimates & forecast in terms of volume in million square feet and revenue in USD million from 2018 to 2032 for the following segments:

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Market, By Material

• Walls
• Roofs

Market, By End-user

• Residential
• Commercial
• Non-building

Market, By Region

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