USD 0.38 billion
Global Composite Insulated Panels Market Size, Share, Growth Analysis, By Product(Expanded polystyrene panel, rigid polyurethane and rigid polyisocyanurate panel), By Application(Building walls, building roof), By Skin material(Continuous fiber reinforced thermoplastics, and fiberglass reinforced panel) - Industry Forecast 2024-2031
Report ID:
SQMIG20B2048 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
90 |
Figures:
73
Global Composite Insulated Panels Market Insights
Composite Insulated Panels Market size was valued at USD 0.38 billion in 2021 and is poised to grow from USD 0.4 billion in 2022 to USD 0.60 billion by 2030, at a CAGR of 5.20 % during the forecast period (2023-2030).
The growth of the global composite insulated panels market is being driven by several key factors. Firstly, advancements in building technologies, such as Modular Construction techniques, are contributing to market revenue growth. Additionally, the expansion of the construction sector, fueled by rapid urbanization and simplified utility, is playing a significant role.
Moreover, the decreasing costs of insulated wall panels are expected to further propel market revenue growth in the near future. Composite insulated panels are lightweight and highly versatile building materials. These panels are extensively used for partitioning, exterior cladding, weight-bearing walls, and roofing elements in a wide range of non-residential buildings. This material offers excellent stiffness, stability, and load-bearing capacity, making it highly sought after in the construction industry.
US Composite Insulated Panels Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
expanded polystyrene (EPS) panel
Growth Rate
5.20% CAGR
Global Composite Insulated Panels Market ($ Bn)
Country Share for North America Region (%)
Global Composite Insulated Panels Market By Deployment Mode ($ Bn)
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Global Composite Insulated Panels Market Segmental Analysis
The composite insulated panels market is segmented by product, application, skin material, and geography. By product, the market is segmented into expanded polystyrene panel, rigid polyurethane and rigid polyisocyanurate panel, glass wool panel, and other products. By application, the market is segmented into building walls, building roof, and cold storage. By skin material, the market is segmented into continuous fiber reinforced thermoplastics, and fiberglass reinforced panel. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Composite Insulated Panels Market Analysis By Product
Among these segments, the largest segment is the expanded polystyrene (EPS) panel, accounting for the highest market share. This segment's popularity can be attributed to its excellent insulation properties, cost-effectiveness, and versatility in a wide range of applications. Expanded polystyrene panels are lightweight yet sturdy, making them easy to handle and install. They provide exceptional thermal insulation, preventing heat transfer and maintaining comfortable indoor temperatures.
Furthermore, the expanded polystyrene panel segment has experienced rapid growth in recent years, making it the fastest-growing segment in the composite insulated panels market. This growth is driven by several factors. Firstly, the increasing focus on sustainable construction practices has boosted the demand for eco-friendly building materials like EPS panels. Secondly, the construction industry's robust growth, particularly in emerging economies, has fueled the demand for composite insulated panels. The expanding infrastructure development, residential construction projects, and commercial building sectors are driving the need for efficient and cost-effective insulation solutions, making EPS panels a popular choice.
Composite Insulated Panels Market Analysis By Application
In the composite insulated panels market, the applications of these panels play a crucial role in determining their demand and growth. Among the segments, the largest application segment is building walls, accounting for the highest market share. This segment's dominance is driven by its essential role in providing efficient insulation and structural support to buildings.
As for the fastest-growing segment, the cold storage application stands out. Cold storage facilities play a crucial role in preserving perishable goods, such as food and pharmaceuticals, by maintaining specific temperature conditions. The growing demand for cold storage infrastructure, driven by the expansion of the e-commerce and food industries, is propelling the adoption of composite insulated panels in this application.
Global Composite Insulated Panels Market By Deployment Mode, 2023 (%)
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Global Composite Insulated Panels Market Regional Insights
North America has emerged as a key market for composite insulated panels. North America's dominance in the composite insulated panels market can be attributed to several factors. Firstly, the region's stringent energy codes and regulations have compelled builders and architects to adopt sustainable construction practices. Composite insulated panels, with their exceptional thermal insulation properties, are a preferred choice for meeting these energy efficiency requirements. This has led to a significant demand for these panels in North America's building sector, especially in the United States and Canada. For example, in the United States, the demand for composite insulated panels is driven by the need to meet the energy codes set by the International Energy Conservation Code (IECC) and the Leadership in Energy and Environmental Design (LEED) certification. These codes and certifications encourage the use of high-performance building materials, including composite insulated panels, to achieve energy savings and reduce environmental impact.
Moving on to the fastest-growing region in the global composite insulated panels market , Asia Pacific stands out prominently. The region's rapid urbanization, expanding construction sector, and increasing focus on energy efficiency have fueled the demand for composite insulated panels. Asia Pacific is witnessing a surge in infrastructure development, particularly in countries like China and India. The construction of residential, commercial, and industrial buildings requires efficient insulation solutions, driving the adoption of composite insulated panels. These panels offer a versatile and cost-effective solution, enabling faster construction while ensuring superior thermal insulation. For instance, in China, the government's initiatives to promote sustainable construction and energy-efficient buildings have created a significant market for composite insulated panels. The "Green Building Action Plan" and the emphasis on reducing carbon emissions have led to the widespread adoption of these panels in China's construction industry. In addition, countries like India, with their growing population and increasing urbanization, are witnessing a rise in demand for energy-efficient buildings. Composite insulated panels play a vital role in meeting this demand by providing effective thermal insulation, reducing energy consumption, and enhancing the overall sustainability of structures.
Global Composite Insulated Panels Market By Geography, 2024-2031
- Largest
- Fastest
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Global Composite Insulated Panels Market Dynamics
Composite Insulated Panels Market Drivers
Increasing Demand in the Construction Industry
- The global composite insulated panels market is driven by increasing demand in the construction industry and applications in sectors like refrigeration and processed food. Factors such as high flexibility, smooth performance, and protection against warmer conditions contribute to the growing demand. The popularity of green buildings, propelled by the environmentally favorable properties of solar panels, has also boosted the market. The use of natural fibers in panel development and the automotive industry's need for lightweight materials are additional factors driving market growth.
Composite Insulated Panels Market Restraints
High Cost
- The growth of the global composite insulated panels market is constrained by several factors. One major restraint is the high cost compared to traditional materials, limiting its affordability and usage. Another limitation is its inability to withstand moisture, leading builders to use additional materials like aluminum composite panels to address this issue, which increases overall costs.
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Global Composite Insulated Panels Market Competitive Landscape
The competitive landscape of the global composite insulated panels market is characterized by a range of players striving to establish their market presence and gain a competitive edge. Key market participants include leading manufacturers, suppliers, and distributors who offer a wide variety of composite insulated panels catering to diverse industry requirements. These companies focus on product innovation, technological advancements, and strategic partnerships to enhance their product portfolios and expand their customer base. Additionally, competitive rivalry is driven by factors such as pricing strategies, quality assurance, customer service, and brand reputation. The market also witnesses the entry of new players seeking to capitalize on the growing demand for composite insulated panels, which further intensifies the competition. Overall, the competitive landscape is dynamic and pushes companies to continuously innovate and differentiate their offerings to maintain their position in the market.
Composite Insulated Panels Market Top Player’s Company Profiles
- Kingspan
- Metecno
- Isopan
- NCI Building Systems
- TATA Steel
- ArcelorMittal
- Romakowski
- Lattonedil
- Ruukki
- Omnis Exteriors Ltd
- Silex
- Isomec
- GCS
- Zhongjie
- AlShahin
- Nucor Building Systems
- Tonmat
Composite Insulated Panels Market Recent Developments
- In August 2020, FOAMULAR NGX (Next Generation Extruded), a new product line from Owens Corning, was introduced. This new line of Extruded Polystyrene (XPS) foam products uses a proprietary blowing agent that reduces Global Warming Potential (GWP) by 90% without compromising product quality.
Global Composite Insulated Panels Key Market Trends
- One key market trend in the global composite insulated panels market is the increasing demand for energy-efficient and sustainable building solutions. Composite insulated panels are favored for their excellent thermal insulation properties, which help reduce heat transfer and lower heating and cooling costs in buildings. With rising environmental concerns and government regulations focused on reducing energy consumption and carbon emissions, there is a growing emphasis on sustainable construction materials. The trend is further fueled by the rapid urbanization and infrastructure development in emerging economies, where affordable and efficient building solutions are in high demand.
Global Composite Insulated Panels Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Deployment mode team that Collects, Collates, Co-relates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analyses, the global composite insulated panels market is witnessing steady growth due to factors such as increasing construction activities, rising demand for energy-efficient building solutions, and strict regulations promoting sustainable construction practices. Moreover, technological advancements and innovations in composite materials are further driving market growth. With the growing focus on sustainability and energy efficiency, the global composite insulated panels market is expected to witness significant growth in the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 0.38 billion |
| Market size value in 2031 | USD 0.60 billion |
| Growth Rate | 5.20% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Composite Insulated Panels Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Composite Insulated Panels Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Composite Insulated Panels Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Composite Insulated Panels Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Composite Insulated Panels Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Composite Insulated Panels Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Composite Insulated Panels Market Report Snapshots
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