Mexican Insulated Panels Market Trends by Types and Application, Forecast, 2022
Posted by sanjayhande on December 5th, 2019
According to a new report published by Allied Market Research, titled, Mexican Insulated Panels Market for Prefabricated Covers by Foam Type, Skin Material, and End-user Industry: Opportunity Analysis and Industry Forecast, 2017-2022, the Mexican insulated panels market for prefabricated covers was valued at ,505 million in 2016, and is projected to reach ,207 million by 2022, growing at a CAGR of 6.71% from 2017 to 2022. The polyurethane foam type accounted for more than 60% share of the Mexican market in 2016.
Click Here To Access The Sample Report @ https://www.alliedmarketresearch.com/request-sample/4506
Insulated panels are prefabricated high-performance insulated structures used in the construction of walls, floors, ceilings, and roofs. The use of insulated panels in construction industry replaces the conventional stick frame construction. These panels are preferred over conventional building material as they provide high performance and green building qualities, which help in saving building time, money, and labor. Insulated panels are manufactured by sandwiching an insulated foam between two skin layers. Polyurethane and polystyrene are some of the commonly used insulated foam materials in insulated panels. Cold storage is a major end use of insulated panels, as the demand for cold storage for frozen poultry & meat, ice-cream & dairy products, frozen fruits & vegetables, and chemical storage is increasing due to rapid industrialization in the Mexican region.
The factors that drive the Mexican insulated panels market for prefabricated covers include high-paced urbanization and globalization, and increase in demand for refrigerated vehicles and cold storage containers. However, vulnerability to pests and susceptibility to moisture are expected to hamper this growth in the near future. The eco-friendly nature of insulating panels is expected to provide a major opportunity for market expansion.
By foam type, the market is divided into polyurethane foam, polystyrene, and others. Polystyrene registers the highest CAGR throughout the analysis period, owing to high moisture resistance, better fire retardant, chemically inert, lightweight, and high compressive strength.
By skin material, the market is divided into steel-steel, steel-cardboard, steel-vinyl ester, cardboard-cardboard, and others. Steel-cardboard skin material accounted for the highest CAGR, due to the better insulation of the core material as compared to steel-steel skin and the use of steel-cardboard insulated panels in cold storage transportation trucks.
By end-user industry, the market is divided into construction and cold storage. Cold storage is expected to grow at the highest CAGR throughout the analysis period, owing to the rapid growth in supermarket, convenience stores, butchery, and processing area in various food industries and restaurants.
Key Findings of the Mexican Insulated Panels Market:
In 2016, construction end-user industry of insulated panels accounted for more than 60% of the Mexican insulated panels market for prefabricated covers, in terms of value. This is due to the growth in the Mexican economy, leading to rapid growth and development infrastructure. Cold storage is projected to grow at the highest CAGR of 8.7%, owing to increase in urbanization coupled with growth in frozen food industry in the Mexican region.
The major companies profiled in this report are following:
Obtain Report Details: https://www.alliedmarketresearch.com/mexican-insulated-panels-market
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Like it? Share it!
About the Authorsanjayhande
Joined: October 17th, 2019
Articles Posted: 148
More by this author