Structural Insulated Panel Market: Global Industry Trends and COVID-19 Impact Analysis
Structural insulated panel consists of an insulating layer of rigid core sandwiched between two layers of structural board, used as a building material. The board can be sheet metal, plywood, cement, magnesium oxide board, or oriented strand board, and the core can either be expanded polystyrene foam.

A report on the Structural Insulated Panel Market has been recently published by Stratview Research. This Market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Structural Insulated Panel Market. The historic years considered for the study are 2015-2019, the base year is 2020, and the forecast period is 2020-2025.

The study includes an in-depth analysis of type, application, and regional segments. It also includes a Market channel, distribution, and customer analysis, industry cost analysis, Market analysis by application, production, revenue, and price trend analysis by type, production and consumption analysis by region, and various other Market studies.

Market Analysis

Structural Insulated Panel market is likely to witness a healthy CAGR of 6.0% during the forecast period. The prime factor contributing towards the growth of the structural insulated panel market is the rising demand from the construction sector and cold storage applications.

The Market is segmented by Product Type (EPS (Expanded Polystyrene) Panel, Rigid Polyurethane (PUR) and Rigid Polyisocyanurate (PIR) Panel, Glass Wool Panel, and Others), by Application Type (Building Wall, Building Roof, and Cold Storage), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

This report also focuses on the short- and long-term implications of the novel Coronavirus pandemic on the Structural Insulated Panel Market at the global, and regional dimensions. To evaluate the percentage of loss or profit to the industry, the report also compares pre-COVID and post-COVID scenarios.

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Key Segments Structural Insulated Panel Market Report Covers:

Based on the application type, the market is segmented as building wall, building roof, and cold storage. The building wall segment held the largest share of the market in 2019, and is also expected to grow at the fastest pace during the forecast period, driven by the increasing demand from residential sector.

Regional Analysis

In terms of regions, North America dominated the market in 2019, and is estimated to maintain its leading position during the forecast period as well. The region’s dominance is majorly due to the rising construction activities in Canada and Mexico. Over the years, The USA has witnessed a good increase in the growth of private construction spending. Also, the current trend of multi-family building has led the US Census Bureau to provide more permits for construction of new residential buildings.

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