U.S. Structural Insulated Panels Market Size & Outlook
U.S. structural insulated panels market, 2017-2028 (US$M)
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U.S. structural insulated panels market highlights
- The U.S. structural insulated panels market generated a revenue of USD 985.3 million in 2020 and is expected to reach USD 1,942.1 million by 2028.
- The U.S. market is expected to grow at a CAGR of 8.9% 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 985.3 million |
| Market revenue in 2028 | USD 1,942.1 million |
| Growth rate | 8.9% (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, U.S. accounted for 14.1% 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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U.S. 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 74.7% in 2020. Horizon Databook has segmented the U.S. 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. structural insulated panels market is expected to witness robust growth over the forecast period owing to the growth in construction sector in the country. Increased demand for energy-efficient construction solutions is one of the primary factors driving the market growth.
In addition, increase in incidents of natural calamities, including hurricanes and wildfire, hitting different parts of the U.S. is anticipated to boost investments in building reconstruction sector in the country, thereby augmenting the demand for structural insulated panels over the forecast period.
Increasing awareness regarding sustainable construction is further expected to boost the market growth over the forecast period. The product aids in increasing the energy efficiency of a structure, leading to a decrease in energy requirement for heating, ventilation, and air conditioning. This has resulted in the development of innovative wall panels, which are produced using high-tech materials.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. structural insulated panels market , including forecasts for subscribers. This country databook contains high-level insights into U.S. structural insulated panels market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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U.S. structural insulated panels market size, by product, 2017-2028 (US$M)
U.S. Structural Insulated Panels Market Outlook Share, 2020 & 2028 (US$M)
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