Japan Structural Insulated Panels Market Size & Outlook
Japan structural insulated panels market, 2017-2028 (US$M)
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Japan structural insulated panels market highlights
- The Japan structural insulated panels market generated a revenue of USD 386.4 million in 2020 and is expected to reach USD 786.0 million by 2028.
- The Japan market is expected to grow at a CAGR of 9.3% 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 386.4 million |
| Market revenue in 2028 | USD 786.0 million |
| Growth rate | 9.3% (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, Japan accounted for 5.5% 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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Japan 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 72.85% in 2020. Horizon Databook has segmented the Japan structural insulated panels market based on polystyrene, polyurethane, glass wool, other products covering the revenue growth of each sub-segment from 2017 to 2028.
Declining growth of the construction sector owing to the slowdown in residential construction activities in Japan is expected to hamper the demand for building products over the forecast period. However, government investments in the expansion of electricity capacity and bullet train network are projected to boost infrastructure development activities in the country.
Moreover, a strong pipeline of nonresidential construction is further expected to benefit the structural insulated products market over the forecast period. The upcoming international event, 2020 Tokyo Olympics is expected to ascend essential construction activities related to accommodation and sports utilities.
Moreover, rise in demand for commercial and residential properties with energy efficiency characteristics are expected to influence the market for insulated building materials. Climatic changes owing to the global warming have prompted the government of Japan to take steps toward reducing the greenhouse gas emission by lowering the overall energy consumption.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan structural insulated panels market , including forecasts for subscribers. This country databook contains high-level insights into Japan structural insulated panels market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Japan structural insulated panels market size, by product, 2017-2028 (US$M)
Japan Structural Insulated Panels Market Outlook Share, 2020 & 2028 (US$M)
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