Structural insulated panel or SIP is a constructional material. It is a solid block of building material, where a foam core is sandwiched between oriented strand board (OSB). The fabrication of structural insulated panels is such that it makes them sturdy, owing to which they find myriad of applications in the construction sector. The outstanding strength offered by a structural insulated panel is popularizing it among builders. They are most commonly used in building roof and wall, and sometimes in floor and foundation. Rapid urbanization and fast-paced industrialization are attracting such enormous constructional projects.
Along with these, there are several factors that are expected to boost the global structural insulated panel market growth. A structural insulated panel can be customized into different size, density, shape, and appearance. The pliability in characteristics of a structural insulated panel is expected to be an excellent factor that can surge the global structural insulated panel market growth. The escalation in the global structural insulated panel market can also be attributed to their light weightiness, as result of which, their onsite assembling is easy.
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Moreover, its superior strength protect allows protection from bad weather conditions. The duality in the nature of structural insulated panel is likely to drive up the global structural insulated panel market growth. The fast building program offered by structural insulated panels effectively curbs down onsite cost. The temporary accommodation availed by a structural insulated panel is expected to propel the global structural insulated panel market growth. A considerable reduction in timber utilization has been noted due to the emergence of the structural insulated panel. Hence, owing to environmental concerns, the sales volume of structural insulated panels is high. This, is anticipated to reinforce the global structural insulated panel market growth.
The oriented strand board (OSB) that are used in the structural insulated panel are fabricated from sustainably harvested spruce, which, in turn, is likely to favor the global structural insulated panel market growth. Application and product type are some of the categories, based on which the structural insulated panel market has been studied. Expanded polystyrene panels (EPS), rigid polyisocyanurate (PIR) panels, and rigid polyurethane (PUR) are some of the widely used structural insulated panel products. Structural insulated panels are mostly used in the construction of roofs and walls of light buildings, and cold storage. The growing utility and availability of diversified products of structural insulated panels are other factors, which is anticipated to prompt the global structural insulated panels market.
The robust infrastructural activities across is anticipated to bolster the global structural insulated panel market growth. An impressive growth that is expected by the global structural insulated panels market to garner is attributed to initiatives taken by governments, across the world, to control environmental pollution. An upsurge in the adoption of structural insulated panels owing to their brilliant features by builders is likely to spur its global market growth in the near future. The inclination of people towards eco-friendly construction is expected to amplify the global structural insulated panels market expansion. Furthermore, the existence of several renowned players operating in the global structural insulated panels market is expected to propel the market growth.
Table of Content
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Structural Insulated Panel Market, By Product
6 Global Structural Insulated Panel Market, By Application
7 Global Structural Insulated Panel Market, By Geography
8 Key Developments
9 Company Profiling
9.4 Dana Group
9.11 NCI Building Systems
9.12 Nucor Building Systems
9.14 Paroc Group
9.15 Pioneer India
9.18 TATA Steel
9.20 Zamil Vietnam
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