Composite Insulated Panels Market Growth Analysis | 2021-2026

Market Insights

The composite insulated panels market is likely to witness an impressive CAGR of 6% during the forecast period of 2021-2026.

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What are composite insulated panels?

Composite insulated panels are also known as sandwich panels. They consist of layers of thin covering sheets with a core in between them. Polyurethane (PUR), polyisocyanurate (PIR), or rock wool are the insulating materials used to make the core.

Market Dynamics

The growing need for composite insulated panels in the construction industry and its applications in sectors such as refrigerated and processed food are expected to drive the market during the forecast period. High performance, flexibility, and protection against warmer climates are the key characteristics responsible for the growth of composite insulated panels. Furthermore, the rising popularity of green buildings, on account of the eco-friendly features of these panels, has significantly contributed to the surge in the product’s demand.

Market Restraints

Higher Cost: The global composite insulated panels market faces challenges due to high costs compared to traditional materials and its inability to withstand moisture, leading builders to use additional materials like aluminum composite panels, increasing overall costs and limiting affordability.

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Segment Analysis

By Product Type

The composite insulated panels market is segmented as Expanded Polystyrene (EPS) Panels, Rigid Polyurethane (PUR)/Rigid Polyisocyanurate (PIR) Panels, Mineral/Glass Wool Panels, and others. The market for composite insulated panels is dominated by polyurethane-based insulated panels. The growth of polyurethane-based insulated panels is owing to their better resistance to temperature along with lightweight properties. Increasing need for superior insulation in high-end commercial construction applications is further expected to fuel the demand for polyurethane-based insulated panels over the forecast period.

By Application Type

The composite insulated panels market is segmented as building wall, building roof, and cold storage. The building wall segment is the dominant market due to the widespread use of composite insulated panels in construction. These panels minimize heat transfer, improve indoor comfort, and offer energy savings. Their durability, versatility, and ease of installation further enhance their popularity. The fastest-growing segment is the cold storage application, where they preserve perishable goods like food and pharmaceuticals. The growing demand for cold storage infrastructure is driving the adoption of composite insulated panels in this sector.

Regional Insights

North America dominates the composite insulated panels market. The region is expected to continue its leading position during the forecast period as well. Some of the major factors driving the regional growth are high consumer awareness, early acceptance, and government support for energy-efficient and green constructions, which have supported the product growth in the region. Furthermore, the commercial availability of the product coupled with easy installation guidelines provided by the key players is likely to support the market growth. On the other hand, owing to increasing construction activities backed by rising investments from foreign multinationals, the Asia-Pacific region is expected to depict the highest growth over the forecast period.

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Critical Questions Answered in the Report

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The composite insulated panels market is segmented into the following categories.

By Product Type

• Expanded Polystyrene (EPS) Panels
• Rigid Polyurethane (PUR)/Rigid Polyisocyanurate (PIR) Panels
• Mineral/Glass Wool Panels
• Others

By Application Type

• Building Wall
• Building Roof
• Cold Storage

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the key players in the composite insulated panels market are-

• ATAS International Kingspan Group
• Rautaruukki Corporation
• Premier Building Systems
• PFB Corporation
• Balex-Metal
• PFB Corporation
• Owens Corning
• Alubel SpA
• ArcelorMittal
• Manni Group S.p.A
• Nucor Building Systems
• Tata Steel.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the composite insulated panel market.

What Deliverables Will You Get in this Report?

Report Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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