By 2025, the structural insulation board market is worth US$517 million

Chicago, December 10, 2020, Xinhua-PRNewswire/-According to a new market research report, “By facing the market of materials (OSB, MgO board, etc.), insulation materials (EPS, XPS, etc.), structural insulation board market, application ( “Floor, roof and wall), end-use (residential, non-residential) and area-global forecast to 2025 published by MarketsandMarkets™, the market size of structural insulation panels is expected to grow from USD 405 million in 2020 USD by 2020. It will reach 517 million by 2025, with a compound annual growth rate of 5.0% from 2020 to 2025.
The global structural insulation board market is expected to grow from US$405 million in 2020 to US$517 million in 2025, with a compound annual growth rate of 5.0% from 2020 to 2025. The market is expected to grow as demand grows. It is applicable to residential and commercial buildings worldwide. In addition, due to the growth of global green and energy-saving buildings, the market demand for structural insulation panels has increased significantly.
By facing materials, OSB occupies the largest market share in the structural insulation board market. Due to its excellent load-bearing capacity, it has been widely used throughout the construction industry. In addition, because OSB can be made from wood that grows quickly, has low utilization, and is usually cheap, it represents effective use of raw materials. According to the Structural Insulation Board Association (SIPA), “Approximately 85-90% of logs can be used to make high-quality structural boards, while the rest (bark, sawdust and sawdust) can be converted into energy, pulp chips Or bark dust.”
In terms of value and quantity, EPS by insulation materials accounted for the largest demand for structural insulation panels in 2019. In addition, in terms of value and volume, by 2025, EPS is expected to become the fastest growing insulation material for structural insulation panels. The growth in this area is attributed to the increased demand for EPS for its cost-effective and energy-efficient insulation panels.
In terms of value and quantity, residential buildings by use accounted for the largest demand for structural insulation panels in 2019. This is mainly due to the preferential and easing policies initiated by all regional governments, which promote the sales of residential construction projects. Housing construction spending is expected to surge, especially in emerging countries in the Asia-Pacific region. There is an urbanization trend in the region, which has led to a high growth rate in the residential construction industry. In addition, the demand for residential buildings in the United States, Saudi Arabia and the United Kingdom is growing. All these factors are expected to drive the structural insulation board market in the global residential construction sector.
It is expected that during the forecast period, North America will occupy the largest share of the structural insulation board market.
From 2020 to 2025, in terms of value and quantity, North America is expected to lead the structural insulation board market. The growth of the North American building insulation board market is driven by technological advancements in the construction and construction industries. In the United States, single-family homes are growing, especially in Florida, Georgia, North Carolina, Washington, Utah, Tennessee, Ohio, California, Idaho and South Carolina. The use of insulating materials in residential applications has been a key factor driving the growth of the structural insulation board market.
Owens Corning (USA), Kingspan Group (Ireland), PFB Corporation (Canada), Alubel SpA (Italy), Enercept, Inc. (USA) and Extreme Panel Technologies, Inc. (USA) are the main players operating in Structure Insulation board market. Acquisitions and new product development are some of the main strategies adopted by these major players to strengthen their position in the structural insulation board market.
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External insulation and surface treatment systems (EIFS) by product type (PB, PM), insulation materials (EPS, MW), components (adhesives, insulation boards, primers, reinforcement materials, topcoats), end-use industries and regions Market-Global forecast to 2023 https://www.marketsandmarkets.com/PressReleases/exterior-insulation-finish-system.asp Types of building panel market (concrete panels, VIP, SIP, wood panels), raw materials (concrete, plastic) , Metal, wood, silica), end use (floors and roofs, walls, columns and beams, stairs), applications (residential and non-residential)-forecast to 2021 https://www.marketsandmarkets.com/PressReleases/ building-panel.asp
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Post time: Mar-02-2021