China Structural Insulated Panels Market Size & Outlook
China structural insulated panels market, 2017-2028 (US$M)
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China structural insulated panels market highlights
- The China structural insulated panels market generated a revenue of USD 506.5 million in 2020 and is expected to reach USD 998.6 million by 2028.
- The China market is expected to grow at a CAGR of 8.9% 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 506.5 million |
| Market revenue in 2028 | USD 998.6 million |
| Growth rate | 8.9% (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, China accounted for 7.3% 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 Asia Pacific, China structural insulated panels market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 340.5 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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China 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 71.85% in 2020. Horizon Databook has segmented the China structural insulated panels market based on polystyrene, polyurethane, glass wool, other products covering the revenue growth of each sub-segment from 2017 to 2028.
In China, green building standards, The Green Building Label (GBEL), has mandated the compliances of public buildings including government institutions, schools, hospitals, museums, stadiums, restaurants, shopping malls, airports, and railway stations.
Population expansion and need for residential and nonresidential structure in the country has propelled the demand for construction activities, thereby is supporting the demand for structural insulated panels. Growing need for durable and eco-friendly buildings in China has attracted several multinational players to setup facilities to cater to the domestic demand.
The development of smart buildings to provide sustainable solutions and energy efficiency is expected to penetrate insulated building materials for construction applications. Also, a rise in demand for single family homes across the country is likely to ascend the construction activities, thereby supporting the market on a positive note.
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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 China structural insulated panels market , including forecasts for subscribers. This country databook contains high-level insights into China structural insulated panels market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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China structural insulated panels market size, by product, 2017-2028 (US$M)
China Structural Insulated Panels Market Outlook Share, 2020 & 2028 (US$M)
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