Canada Structural Insulated Panels Market Size & Outlook
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Canada structural insulated panels market highlights
- The Canada structural insulated panels market generated a revenue of USD 207.7 million in 2020 and is expected to reach USD 397.2 million by 2028.
- The Canada market is expected to grow at a CAGR of 8.4% 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 207.7 million |
| Market revenue in 2028 | USD 397.2 million |
| Growth rate | 8.4% (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, Canada accounted for 3.0% 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 North America, U.S. structural insulated panels market is projected to lead the regional market in terms of revenue in 2028.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,942.1 million by 2028.
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Structural Insulated Panels Market Scope
Structural Insulated Panels Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Owens-Corning Inc | View profile | 18000 | One Owens Corning Parkway, Toledo, OH, United States, 43659 | https://www.owenscorning.com |
| Nucor Corp | View profile | 32000 | 1915 Rexford Road, Charlotte, NC, United States, 28211 | https://www.nucor.com |
| Kingspan Group PLC | View profile | 22384 | Dublin Road, Kingscourt, County Cavan, Ireland, A82 XY31 | https://www.kingspan.com |
Canada 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 72.6% in 2020. Horizon Databook has segmented the Canada structural insulated panels market based on polystyrene, polyurethane, glass wool, other products covering the revenue growth of each sub-segment from 2017 to 2028.
Increasing population, urbanization, and increase in the rate of migration are some of the primary factors expected to drive the growth of residential construction in Canada. The growth in population in Canada is expected to significantly boost residential construction sector in the coming years.
Unlike the U.S., Canada is expected to witness strong growth in demand for multi-family housing as compared to single-family housing, thereby augmenting the demand for structural insulated panels over the forecast period.
The government’s efforts and investments to provide affordable housing to the lower classes through Canada Mortgage and Housing Corporation (CMHC) and Affordable Housing Initiative (AHI) program are anticipated to further boost the residential construction in the country.
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Our clientele includes a mix of structural insulated panels market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada structural insulated panels market , including forecasts for subscribers. This country databook contains high-level insights into Canada structural insulated panels market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Canada structural insulated panels market size, by product, 2017-2028 (US$M)
Canada Structural Insulated Panels Market Outlook Share, 2020 & 2028 (US$M)
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