+1-888-308-5802     
News Contact Us

Structural insulation panels market 2019 analysis by trends, top key players & forecast to 2024

Author : Rahul Varpe | Published Date : 2019-05-10 

An analysis of Structural insulation panels market has been provided in the latest report introduced by Global Market Insights that primarily focuses on the market trends, demand spectrum, and future prospects of this industry over the forecast period. Furthermore, the report provides a detailed statistical overview in terms of trends outlining the geographical opportunities and contributions by prominent industry share contenders.

The relentless pursuit for green and energy saving solutions has led structural insulation panels market to gain substantial acclaim in the recent years, specifically from the construction sector. With the rise in global population and increasing demand for accommodation, volumetric construction is becoming a major necessity.

According to the United Nations, countries across the globe are facing a housing crisis that can culminate to the requirement of 440 million affordable urban households by 2025. However, with the future of the planet under the threat of drastic climate change, not only volumetric construction but the demand for ecofriendly construction has gained significant traction. In line with the Paris Agreement, the construction industry is now focusing on building ‘zero energy homes’, the chief concept that is expected to propel structural insulation panels market share.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/2452

The notion of zero energy homes is rooted in the fact that by building energy-efficient buildings, it is possible to considerably bring down the carbon emission levels in the atmosphere. In the U.S., buildings account for 39% of the total energy consumption.

Considering that 45% of the energy consumed by homes is used in heating and cooling, a well-insulated building envelop is crucial to achieve a truly zero energy home, where no energy is wasted. Structural insulated panels offer less cracks and joints and make up very airtight homes with effective insulation between conditioned and unconditioned air spaces. Quite overtly, structural insulation panels industry is expected to witness a significant growth through the rise in demand for building green homes.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

  1. Kingspan
  2. Metecno
  3. Isopan
  4. ArcelorMittal
  5. Romakowski
  6. Lattonedil
  7. J-Deck Inc.
  8. Nohara
  9. T. Clear Corporation
  10. Foard Panel
  11. ICS Eco-SIPs
  12. Murus Company
  13. Future Building of America
  14. Foam Laminates
  15. Eagle Panel Systems, Inc.

Another factor that has made structural insulation panels an increasingly popular choice among the advocates of green buildings is the ecofriendly characteristic of their components that mainly comprise oriented strand board (OSB) and expanded polystyrene (EPS). Since OSB is made of inexpensive wood species grown in managed forests and EPS is a lightweight insulation material made of air and only 2% plastic, these core materials have been massively used for SIP production. EPS in fact, uses pentane that is a non-CFC blowing agent and the energy it saves will offset the costs of the petroleum that was spent in manufacturing. Driven by lowered CO2 emissions and reduced energy consumption, EPS-based SIP market size is anticipated to register a CAGR of 7% over 2018-2024.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2452

The deployment of SIPs has apparently proved beneficial not only for saving energy and reducing waste but also for saving up extensively on construction costs, thereby stimulating structural insulation panels industry outlook. In a study conducted by BASF, it was demonstrated that residential builders can reduce their farming labor requirements by 55% with the use of structural insulated panels. The prefabricated nature of structural insulation panels eliminates on-site construction and they only require to be hoisted into place with the help of a crane, making SIP house installation 25% faster than benchmark houses. Prefabrication also resulted in jobsite debris disposal reduction by 93%. The study categorically depicts that the ongoing requirement of optimizing construction costs would act as a major driving force for structural insulation panels market.

In light of the environmental safety and cost effectiveness offered by structural insulation panels, it is rather justified that organizations such as the EPA are supporting their increased deployment. Backed by governmental initiatives such as tax incentives, structural insulation panels market trends are certain to undergo a positive transformation in the years ahead. The high R-value and low air leakage are making structural insulation panels more preferable than traditional framed construction. Aided by stringent regulations regarding environmental conservation, structural insulation panels market size is anticipated to exceed USD 590 million by 2024.

Related News - https://www.openpr.com/news/1734917/How-Stone-Crushing-Equipment-Market-Growing-Rapidly-Top-Manufacturers-Terex-Corporation-Metso-Sandvik-McLanahan-Corporation-Superior-Industries-Inc-Thyssenkrupp.html 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

Related News

Metal Structural Insulation Panels Market Regional Trend & Growth Projections by 2024

Published Date: 2019-08-16         Author: Rahul Varpe

Europe Metal Structural Insulation Panels Market is expected to exceed USD 23 billion by 2024. Favorable government policies such as Nearly Zero Energy Buildings Program to improve the performance of commercial infrastructure is supporting the regional growth. For instance, On 30th November 2016, th... Read More

At 4% CAGR, Coated Fabrics Market is projected to grow over $27.4 billion by 2024

Published Date: 2019-08-16         Author: Rahul Varpe

Growing vehicle sales in Thailand, Indonesia, China, and India are expected to enhance the popularity of coated fabrics in automotive sector. Consistent efforts to improve the aesthetic appearance of seat cover designs are expected to boost the Coated Fabrics Market demand over coming years. Global ... Read More

Beverage Refrigeration Market is expected to witness significant gains during 2019 – 2024

Published Date: 2019-08-16         Author: Rahul Varpe

Reportedly, in this fast-paced era, consumers are being more inclined toward packaged drinks, owing to its convenience and easy storage, which in turn has inflated the demand for beverage refrigeration market, at a global scale. In fact, statistics claim that the global consumption of packaged drink... Read More

© 2019 Fractovia. All Rights Reserved