UK Structural Insulated Panels Market Size & Outlook
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UK structural insulated panels market highlights
- The UK structural insulated panels market generated a revenue of USD 519.5 million in 2020 and is expected to reach USD 929.0 million by 2028.
- The UK market is expected to grow at a CAGR of 7.5% 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 519.5 million |
| Market revenue in 2028 | USD 929.0 million |
| Growth rate | 7.5% (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, UK accounted for 7.4% 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 Europe, Germany structural insulated panels market is projected to lead the regional market in terms of revenue in 2028.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,227.5 million by 2028.
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Structural Insulated Panels Market Scope
Structural Insulated Panels Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Owens-Corning Inc | View profile | 18000 | One Owens Corning Parkway, Toledo, OH, United States, 43659 | https://www.owenscorning.com |
| Nucor Corp | View profile | 32000 | 1915 Rexford Road, Charlotte, NC, United States, 28211 | https://www.nucor.com |
| Kingspan Group PLC | View profile | 22384 | Dublin Road, Kingscourt, County Cavan, Ireland, A82 XY31 | https://www.kingspan.com |
UK 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 72.59% in 2020. Horizon Databook has segmented the UK 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 demand in the UK is majorly driven by residential construction on account of rise in demand for energy efficient homes in the region. Moreover, the growing preferences for energy saving and cost-effective buildings for government offices, and other public utility spaces are expected to increase penetration of structural insulated panels in the upcoming period.
The government of the UK has established various energy-efficiency legislation and initiatives, such as Energy Company Obligation (ECO), to reduce the overall carbon emission, which, in turn, is projected to propel the demand for energy-efficient construction materials. Also, the rise in demand for single family and multi family residential structures are expected to upscale the market on a positive note.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the UK structural insulated panels market , including forecasts for subscribers. This country databook contains high-level insights into UK structural insulated panels market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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UK structural insulated panels market size, by product, 2017-2028 (US$M)
UK Structural Insulated Panels Market Outlook Share, 2020 & 2028 (US$M)
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