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Structural Insulation Panels (SIP) Market Trends

Report ID: GMI2452
Published Date: Aug 2023
Report Format: PDF

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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.

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

The market size of structural insulation panels is slated to record more than 6.5% CAGR from 2024 to 2032, due to the surging adoption of stringent building codes as well as standards emphasizing energy efficiency and sustainability across multiple countries and regions.

The commercial end-use segment may observe more than 6.5% between 2023 and 2032, due to benefits, such as rapid construction, energy efficiency, and design versatility.

Asia Pacific structural insulation panels market is expected to witness over 8% CAGR from 2023-2032 driven by the rising population growth, urbanization, and infrastructure development in the region.

Kingspan Group, Owens Corning, Enercept Inc., Eagle Panel Systems, Inc., ACME PANEL, Cornerstone Building Brands, Foam Laminates, Lattonedil Spa Milano, Foard Panel Inc., and Premier Building Systems, among others.