Brazil Structural Insulated Panels Market Size & Outlook
Brazil structural insulated panels market, 2017-2028 (US$M)
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Brazil structural insulated panels market highlights
- The Brazil structural insulated panels market generated a revenue of USD 275.7 million in 2020 and is expected to reach USD 496.3 million by 2028.
- The Brazil market is expected to grow at a CAGR of 7.6% 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.
Structural insulated panels market data book summary
| Market revenue in 2020 | USD 275.7 million |
| Market revenue in 2028 | USD 496.3 million |
| Growth rate | 7.6% (CAGR from 2020 to 2028) |
| Largest segment | Polystyrene |
| Fastest growing segment | Other Products |
| Historical data | 2017 - 2019 |
| Base year | 2020 |
| Forecast period | 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, Brazil accounted for 4.0% of the global structural insulated panels market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Latin America, Brazil structural insulated panels market is projected to lead the regional market in terms of revenue in 2028.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 496.3 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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Brazil 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 79.91% in 2020. Horizon Databook has segmented the Brazil 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 growth in the construction sector in Brazil was stagnant for the past few years on account of the restricted credit supply, rising economic recession, and declining demand from the residential and nonresidential building segments.
In addition, the corruption scandal by Brazil’s Petrobras caused a negative impact on the major construction companies’ operation in the country by causing delays in several projects, triggering the sale of emergency assets and postponing the investments.
The deficiencies in the country’s existing infrastructure coupled with declining government intervention are projected to result in a market-friendly environment boosting the foreign and private investments by the acquisition of small and medium-scale players.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil structural insulated panels market , including forecasts for subscribers. This country databook contains high-level insights into Brazil structural insulated panels market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Brazil structural insulated panels market size, by product, 2017-2028 (US$M)
Brazil Structural Insulated Panels Market Outlook Share, 2020 & 2028 (US$M)
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