North America Structural Insulated Panels Market Size & Outlook
North America structural insulated panels market, 2017-2028 (US$M)
Related Markets
North America structural insulated panels market highlights
- The North America structural insulated panels market generated a revenue of USD 1,599.1 million in 2020.
- The market is expected to grow at a CAGR of 8.7% 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, U.S. is expected to register the highest CAGR from 2021 to 2028.
North America data book summary
| Market revenue in 2020 | USD 1,599.1 million |
| Market revenue in 2028 | USD 3,107.5 million |
| Growth rate | 8.7% (CAGR from 2020 to 2028) |
| Largest segment | Polystyrene |
| Fastest growing segment | Other Products |
| Historical data covered | 2017 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 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, North America region accounted for 22.9% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Structural Insulated Panels Market Scope
Structural Insulated Panels Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North 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 73.96% in 2020. Horizon Databook has segmented the North 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.
The U.S. dominated the structural insulated panels (SIPs) market in North America over the historic period, in terms of consumption, owing to the increased demand from residential sector, extensively developed cold chain and logistics industry, and the government initiatives to develop social infrastructure.
In addition, rising awareness regarding the benefits of insulation of building structure is expected to benefit the market growth. The demand outlook for North America is expected to face headwinds in the near term owing to the recent outbreak of COVID-19.
However, the North American manufacturing industry is expected to benefit from the new policy reforms such as incentives for local manufacturing and promoting import substitutions. This is likely to boost industrial construction in the region, thereby driving the demand for building thermal insulation products such as SIPs over the forecast period.
Reasons to subscribe to North America structural insulated panels market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of North America structural insulated panels market databook
-
Our clientele includes a mix of structural insulated panels market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America structural insulated panels market , including forecasts for subscribers. This continent databook contains high-level insights into North America structural insulated panels market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
North America structural insulated panels market size, by country, 2017-2028 (US$M)
North America Structural Insulated Panels Market Outlook Share, 2020 & 2028 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
