Mexico Structural Insulated Panels Market Size & Outlook
Mexico structural insulated panels market, 2017-2028 (US$M)
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Mexico structural insulated panels market highlights
- The Mexico structural insulated panels market generated a revenue of USD 406.1 million in 2020 and is expected to reach USD 768.1 million by 2028.
- The Mexico market is expected to grow at a CAGR of 8.3% 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 406.1 million |
| Market revenue in 2028 | USD 768.1 million |
| Growth rate | 8.3% (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, Mexico accounted for 5.8% 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 |
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Mexico 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 72.86% in 2020. Horizon Databook has segmented the Mexico structural insulated panels market based on polystyrene, polyurethane, glass wool, other products covering the revenue growth of each sub-segment from 2017 to 2028.
The Federal Government attributes the rising construction & building industry to the infrastructure and development programs. In addition, construction sector is expected to witness variable growth on account of internal and external factors such as declining international oil prices and global economic conditions.
The National Infrastructure Program (PNI) was initiated by the Mexican government under the National Development Plan to boost the infrastructural growth in the country as a strategic move to increase productivity and improve the competitiveness in construction industry.
The program is anticipated to reduce the regional differences across the country and increase the overall standard of living in Mexico, augmenting the demand for structural insulated panels in residential sector.
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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 Mexico structural insulated panels market , including forecasts for subscribers. This country databook contains high-level insights into Mexico structural insulated panels market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Mexico structural insulated panels market size, by product, 2017-2028 (US$M)
Mexico Structural Insulated Panels Market Outlook Share, 2020 & 2028 (US$M)
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