Title: Structural Insulation Panels (SIPs) Market Trends Report & Forecast, 2017 – 2024
1Structural Insulation Panels (SIPs) Market
Growth, Application Analysis from 2017 to 2024
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2Global Market Scenario of Structural Insulation
Panels (SIPs) Market
- Structural Insulation Panels Market size is
estimated to exceed USD 600 million by 2024
according to a new research report by Global
Market Insights, Inc - Growing demand for modern, energy-efficient and
fast track building techniques will drive
structural insulation panels market growth - Shifting trends toward green building
construction to reduce energy consumption and
global CO2 emissions will propel the product
adoption rate. - Factors such as ease of installation, sound
proofing and light weight product properties will
boost SIPs market size. -
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3Continue-
- Rising global warming level and increasing
consumer concern pertaining to high electricity
bills is anticipated to support structural
insulation panels adoption. - Continuous legislative amendments including LEED
and Model Energy Codes regarding sustainable
building measures for construction companies will
improve SIPs market development.
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4North America Structural Insulation Panels
Market, By End-Use, 2016 2024, (USD Million)
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5360 Industry Analysis
- Globally, increasing labor cost is expected to
shift manufacturers preference towards advanced
construction materials. Benefits such as cost,
and design flexibility is augmenting product
demand. Increasing government support to promote
green building technologies will significantly
enhance industry expansion. For instance, in
2016, the EU enacted Energy Performance of
Buildings Directive to encourage better
renovation and cost-effective material usage in
the region. -
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6- Regional Analysis
- North America is expected to hold over 35
structural insulation panels market share by
2024. Escalating government regulations including
EPA's Energy Star Home will drive regional
industry size. Increasing preference for low
maintenance building materials among manufactures
likely to propel SIPs market. Rising energy
security concern along with social awareness
regarding efficient technologies will boost
structural insulation panels industry size. -
- Competitive Analysis
- Global structural insulated panels market share
includes ArcelorMittal, Isopan, Lattonedil, k
Metecno, Romakowski, J-Deck Inc. and Nohara.
Rising competition among organizations is
resulting into several mergers acquisitions,
joint ventures and strategic alliances to enhance
market share foothold.
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Insulation Panels (SIPs) Market _at_
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