23-Sep-2020 | Zion Market Research
According to the report published by Zion Market Research, global demand for the Metal Structural Insulation Panels market was valued at approximately USD 42.31 Billion in 2019 and is expected to generate revenue of around USD 53.84 Billion by end of 2026, growing at a CAGR of around 3.5% between 2020 and 2026. The metal structural insulation panels are used for a few years since they provide an intrinsic mixture of structural and insulation integrity. These groupings are making the building of residential metal buildings easier and faster. The increasing energy costs in the last few years have appropriately gained attention on green buildings. This includes the metal structural insulated modular homes, panel homes, and green homes. The high product applications in the cold storage facilities, refrigerated buildings, and warehouses due to its durability and lightweight characteristics are boosting the industrial need.
The leading participants in the market are Structall Building Systems, Nucor Building, Permatherm, Gor Stal, Tata Steel, Jindal Mectec, MIB Facades, Kirby Building Systems, Centria, Kingspan, Arcelor Mittal, Flexospan Steel Buildings, Inc, LEEP Inc., Precision Foam Fabricators, STEEL SIP SYSTEMS, Direct Metals Co., LLC, Thermasteel, and Atas International, among others. The corporations and joint ventures are some of the outstanding strategies adopted by the industrial players for advancing their market share.
Rising Industrialization And Urbanization To Spur The Global Metal Structural Insulation Panels Market
The rising industrialization and urbanization along with the cold storage segment growth are boosting the global metal structural insulation panels market. The surging needs for frozen & processed foods owing to busy daily life, food choices are altering, and ease in cooking is amplifying the need for cold storage usages. As reported by GGCA (Global Cold Chain Alliance), the capacity of global cold storage has increased to 616 mn m3 in the last few years. The productive usages across the commercial and residential industry owing to high insulation benefits are further supporting the expansion of the industry. The industry participants are projected to focus on product differentiation by improving the thermal insulation with technological innovations and significant research & development investment.
The global metal structural insulation panels market is bifurcated based on the end-use, application, and regional analysis. On the basis of end-use, the market is divided into commercial, residential, and non-building. On the basis of applications, the market is divided into walls and roofs.
North America And Asia Pacific Region To Witness Growth In The Global Metal Structural Insulation Panels Market
Based on geographical analysis, the global metal structural insulation panels market is divided into Latin America, Asia Pacific, Europe, North America, and Middle East & Africa. North America is anticipated to dominate the global market in terms of demand. The Asia Pacific region is projected to rule the global market due to continuous green building technology penetration. Besides this, the increasing customer need for high-performance and cost-effective materials for building construction will impel the financial growth. The rising cost of infrastructure for the building of supermarkets, houses, offices, and hotels with high thermal resistance materials is likely to boost the metal structural insulation panels market.
Browse the full “Metal Structural Insulation Panels Market End Use Type (Non-Building, Commercial, Residential), Application (Walls, Roofs): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/metal-structural-insulation-panels-market
The global metal structural insulation panels market is segmented as follows:
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