Latin America Structural Insulated Panels Market Size & Outlook

The structural insulated panels market in Latin America is expected to reach a projected revenue of US$ 1,157.4 million by 2028. A compound annual growth rate of 7.1% is expected of Latin America structural insulated panels market from 2021 to 2028.
Revenue, 2020 (US$M)
$669.3
Forecast, 2028 (US$M)
$1,157.4
CAGR, 2021 - 2028
7.1%
Report Coverage
Latin America

Latin America structural insulated panels market highlights

  • The Latin America structural insulated panels market generated a revenue of USD 669.3 million in 2020.
  • The market is expected to grow at a CAGR of 7.1% 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.
  • Country-wise, Brazil is expected to register the highest CAGR from 2021 to 2028.


Latin America data book summary

Market revenue in 2020USD 669.3 million
Market revenue in 2028USD 1,157.4 million
Growth rate7.1% (CAGR from 2020 to 2028)
Largest segmentPolystyrene
Fastest growing segmentOther Products
Historical data covered2017 - 2019
Base year for estimation2020
Forecast period covered2021 - 2028
Quantitative unitsRevenue in USD million
Market segmentationPolystyrene, Polyurethane, Glass Wool, Other Products
Key market players worldwideNucor Corp, Kingspan Group PLC, Owens-Corning Inc


Other key industry trends

  • In terms of revenue, Latin America region accounted for 9.6% of the global structural insulated panels market in 2020.
  • Globally, Europe is projected to lead the regional market in terms of revenue in 2028.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 3,502.6 million by 2028.

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Structural Insulated Panels Market Companies

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Latin America 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 79.93% in 2020. Horizon Databook has segmented the Latin America structural insulated panels market based on polystyrene, polyurethane, glass wool, other products covering the revenue growth of each sub-segment from 2017 to 2028.


Central & South America structural insulated panels market is expected to witness average growth over the forecast period. Major market players including Isopan, Metecno have been involved in the expansion of their business in the region due to infrastructure development and rising demand.

Various large-scale construction projects in the region have been utilizing structural insulated panels for protection of the structure, thus propelling growth. Rising construction activities in the region owing to lower base effects, strong economic and policy reforms, and a robust project pipeline is expected to drive the product demand in the region.

In addition, business-friendly policies aiming to improve the business environment are expected to attract greater private investment in industries including manufacturing and construction which is expected to propel growth over the forecast period.

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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America structural insulated panels market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America structural insulated panels market from 2017 to 2028, including revenue numbers, major trends, and company profiles.

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Latin America structural insulated panels market size, by country, 2017-2028 (US$M)

Latin America Structural Insulated Panels Market Outlook Share, 2020 & 2028 (US$M)

Latin America structural insulated panels market size, by country, 2017-2028 (US$M)

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