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 |
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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.
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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