India Structural Insulated Panels Market Size & Outlook
India structural insulated panels market, 2017-2028 (US$M)
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India structural insulated panels market highlights
- The India structural insulated panels market generated a revenue of USD 163.5 million in 2020 and is expected to reach USD 340.5 million by 2028.
- The India market is expected to grow at a CAGR of 9.6% 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 163.5 million |
| Market revenue in 2028 | USD 340.5 million |
| Growth rate | 9.6% (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, India accounted for 2.3% 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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India 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 73.03% in 2020. Horizon Databook has segmented the India structural insulated panels market based on polystyrene, polyurethane, glass wool, other products covering the revenue growth of each sub-segment from 2017 to 2028.
Structural insulated panels market in India is expected to ascend at a significant rate over the forecast period owing to products’ emerging applications in building and construction and cold storage industry. Accelerating growth in the construction of cold storage facilities are expected to provide growth opportunities to the market in the upcoming period.
Moreover, development of smart cities project in India is anticipated to influence the market till 2028. Burgeoning population and urbanization are likely to continue to support infrastructural developments in India.
Positive economic developments in the country are further expected to boost the growth of residential and housing sector. Increasing foreign direct investments in the country and a rise in the number of foreign companies entering the Indian market are expected to further boost the growth of construction sector.
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Horizon Databook provides a detailed overview of country-level data and insights on the India structural insulated panels market , including forecasts for subscribers. This country databook contains high-level insights into India structural insulated panels market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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India structural insulated panels market size, by product, 2017-2028 (US$M)
India Structural Insulated Panels Market Outlook Share, 2020 & 2028 (US$M)
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