By End use, the residential segment is projected to be the largest segment in the structural insulated panels market. This is primarily due to favorable and lenient lending policies initiated by governments across all regions, which drive the sales of residential construction projects. The spending on residential construction is estimated to witness a surge, particularly in the emerging countries of APAC. There is a trend of urbanization in the region, resulting in a high growth rate for the residential construction sector. All these factors are expected to drive the structural insulated panels market in the residential building segment, globally.

1. Structural Insulated Panels Market worth $517 million by 2025
View Report Here - https://www.marketsandmarkets.com/Market-Reports/structur
al-insulated-panel-market-87284690.html

2. Market Growth Rate
COVID-19 impact on Global Structural Insulated Panels Market
2025
Market Size of
$405 Million
Market Size of
$517 Million
2020
• The global structural insulated panels market is expected to witness a minimal decrease in its growth rate
in 2020-2021. The structural insulated panels market is in the ‘growth stage’, and requires timely meetings
, quarter/annual conferences, and market programs.
• These conferences & other marketing strategies are a vital part of the SIPs market and help in promoting t
he use of SIPs in the construction industry. Due to the pandemic, the manufacturers are experiencing disr
uptions in their quarter or annual meetings & conferences.

3. Market Dynamics
Driver: Increased demand for structural insulated panels for cold storage
applications
Restraint: Volatility in raw materials prices
Opportunity: Supportive building regulations
Challenge: Lack of awareness about structural insulated panels
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ssReleases/structural-insulated-panel.asp

4. Scope of The Report
By Facing Material
The research report categorizes the Structural Insulated Panels Market in each of the following subsegments
:
•OSB
•MgO Board
•Others
By insulation material
• EPS
• XPS
• Others
By Construction Type
• Floor
• Wall
• Roof
And More…

5. Recent Developments
In August 2020, Owens Corning introduced a new product line called Foamular
NGX. It is a new line of Extruded Polystyrene (XPS) foam products that
delivers 90% reduction in Global Warming Potential (GWP) without sacrificing
product performance.
In April 2018, Owens Corning announced that it had completed the acquisition
of Guangde SKD Rock Wool Manufacture Co., Ltd., a mineral wool
manufacturer in China. SKD produces mineral wool insulation for the building
and technical insulation market. Mineral wool is the primary insulation material
in China due to its lifesaving and fire protection properties.
In February 2018, Owens Corning acquired Paroc Group (Finland), a producer
of mineral wool insulation for building and technical applications in Europe.
The acquisition has helped the company broaden its product portfolio and
diversify its geographic scope.
In February 2017, PFB Corporation announced that it has acquired 27 acres of
land and three manufacturing facilities in Crossfield, Alberta that it occupied
under a leasing agreement.
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6. Major Regions
• North America
• APAC
• Europe
• Middle East & Africa
• South America

7. Key Vendors
• Owens Corning (US),
• Kingspan Group (Ireland),
• PFB Corporation (Canada),
• Alubel SpA (Italy),
• Enercept, Inc. (US), SIPs (US), and man
y more…
Vendors
View Report Insights -https://www.marketsandmarkets.com/ResearchInsight/str
uctural-insulated-panel-market.asp

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