Structural Insulated Panels Market Observe Significant Growth Of USD 17.19 Billion By 2028Posted by Neha Bora on December 22nd, 2023 San Francisco, 22 Dec 2023: The Report Structural Insulated Panels Market Size, Share & Trends Analysis Report By Product (Polystyrene, Polyurethane), By Application (Walls & Floors, Roofs), By Region (APAC, North America), And Segment Forecasts, 2021 - 2028 The global structural insulated panels market size is expected to reach USD 17.19 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.5% over the forecast period. Growing emphasis on constructing energy-efficient building structures and the rising investments in the renovation of old buildings are some of the major factors expected to boost the product demand. Governments across the world are providing various incentives to construction companies and building contractors to promote eanergy-efficient building structures. For instance, the U.S. government, through its Weatherization Assistance Program (WAP), is incentivizing the improvement of thermal insulation in low-income households, which is expected to promote the demand for structural insulated panels (SIPs). Key players are focusing on the development of novel insulation materials to improve the R-value of the product without adding to the final cost. For instance, the Kingspan Group has developed a novel insulation material using its proprietary ‘QuadCore Technology’. The product offers superior fire protection and durability. Furthermore, it is 11% and 60% more thermally efficient than high-quality PIR (Polyisocyanurate) and PU (Polyurethane) insulation materials respectively. Access Research Report of Structural Insulated Panels Market @ https://www.grandviewresearch.com/industry-analysis/structural-insulated-panels-market Structural Insulated Panels Market Report Highlights
Structural Insulated Panels Market Report Scope
List of Key Players of Structural Insulated Panels Market
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