Metal Structural Insulated Board Market Expected to Reach US$53 Billion by 2028, According to GMI

The metal SIP market will witness significant growth from 2022 to 2028 owing to the proliferation of the construction industry and the growing awareness of building insulation. Government initiatives in the United States, Canada, Germany, Franceand China positively adopt sustainable energy saving products to enhance smart city programs in their country. These countries are implementing Zero Energy Buildings (ZEBs) by reducing electricity losses to several electronic devices and equipment, including HVAC systems.

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Based on the applications, the segment of walls rated at $38 billion in 2021 and is expected to represent approximately $51 billion by 2028 in the metal structural insulated panel market. The wall panels are manufactured in various thicknesses between 2″ and 12″, thus offering a high R-value. The wall panels are extremely easy to install thanks to the tongue and groove design which reduces heat loss in complex designs. Metal wall panels slide easily into places and can be effectively fixed in the steel superstructure of the building.

The non-construction end-use segment dominated the market in 2021, with over $21 billion turnover and is about to reach $28 billion by 2028. Rising demand for refrigerated storage facilities in logistics and supply chain businesses, driven by transportation of several temperature-sensitive commodities, will propel the growth of the segment. Metal SIPs are becoming the most suitable solution for climate-controlled installations. The rapid growth of the food and beverage industry due to the increase in population as well as changing consumer trends towards fresh and healthy food products will increase the size of the non-building segment.

the North America The Metal Structural Insulated Panel Market is Expected to Generate More $15 billion by 2028. Strict building insulation regulations coupled with strong regional demand for temperature-controlled warehouses will fuel the growth of the regional market. Major market players include Tata SteelKingspan Group Plc, Jindal Mectec, Flexospan Steel Buildings, Inc., Arcelor Mittal and Kirby Building Systems.

Some of the key findings of the Metal Structural Insulated Panels Market report include:

  • Growing demand for temperature-controlled warehouses and cold storage spaces along with growing demand for metal-based structures will drive the market revenue.
  • Strict building regulations in developed economies, product developments to improve R-values ​​and minimize carbon footprints, and use of recycled materials will augment the market growth.
  • The proliferating global construction industry will meet the market demand for metal SIPs.
  • Major industry leaders are investing in plant upgrades, research and development, and strategic mergers and acquisitions (M&A) to gain competitive advantage in the market.

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Partial chapters of the table of contents (TOC) of the report:

Chapter 2 Executive Summary

2.1 360° Industry Overview of Metal Structural Insulated Panels, 2018-2028

2.1.1 Trade trends

2.1.2 Application trends

2.1.3 End-use trends

2.1.4 Regional trends

Chapter 3 Metal Structural Insulated Panels Industry Overview

3.1 Presentation

3.2 Industry Landscape

3.3 Industry Ecosystem Analysis

3.4 Technology landscape

3.5 Consumer buying behavior

3.6 Regulatory landscape

3.7 Analysis of price trends

3.8 Industry impact forces

3.8.1 Drivers of growth Expansion of the cold storage industry Reduced construction time and benefits

3.8.2 Industry Pitfalls and Challenges Raw material cost fluctuation

3.9 Growth Potential Analysis, 2021

3.10 Porter’s analysis

3.11 PILON analysis

3.12 Impact of COVID-19 on Metal Structural Insulated Board Demand

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