Asia Pacific Structural Insulated Panels Market Size & Outlook
Asia Pacific structural insulated panels market, 2017-2028 (US$M)
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Asia Pacific structural insulated panels market highlights
- The Asia Pacific structural insulated panels market generated a revenue of USD 1,672.5 million in 2020.
- The market is expected to grow at a CAGR of 9.7% from 2021 to 2028.
- In terms of segment, polystyrene was the largest revenue generating product in 2020.
- Other Products is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2021 to 2028.
Asia Pacific data book summary
| Market revenue in 2020 | USD 1,672.5 million |
| Market revenue in 2028 | USD 3,502.6 million |
| Growth rate | 9.7% (CAGR from 2020 to 2028) |
| Largest segment | Polystyrene |
| Fastest growing segment | Other Products |
| Historical data covered | 2017 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polystyrene, Polyurethane, Glass Wool, Other Products |
| Key market players worldwide | Nucor Corp, Kingspan Group PLC, Owens-Corning Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 24.0% of the global structural insulated panels market in 2020.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,502.6 million by 2028.
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Structural Insulated Panels Market Scope
Structural Insulated Panels Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific structural insulated panels market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to structural insulated panels market will help companies and investors design strategic landscapes.
Polystyrene was the largest segment with a revenue share of 72.47% in 2020. Horizon Databook has segmented the Asia Pacific structural insulated panels market based on polystyrene, polyurethane, glass wool, other products covering the revenue growth of each sub-segment from 2017 to 2028.
The expansion of residential, commercial, and industrial sectors on account of sustainable economic growth in Asia Pacific is expected to boost construction activities, thereby driving the product demand over the forecast period.
Flourishing tourism in the region has led to an increasing requirement for restaurants, resorts, and food chains. In addition, rapid urbanization, and rising standard of living, due to rising per capita consumer income, are anticipated to boost the expansion of residential and commercial construction sectors including shopping malls and retail chains.
The growing geriatric population in the region is expected to propel the need for the expansion of the healthcare system. The aforementioned factors are anticipated to encourage construction activities in the region, consequently fueling the demand for rainscreen cladding over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific structural insulated panels market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific structural insulated panels market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Asia Pacific structural insulated panels market size, by country, 2017-2028 (US$M)
Asia Pacific Structural Insulated Panels Market Outlook Share, 2020 & 2028 (US$M)
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