Insulated Panels Market: By Product Panel, Rigid Polyurethane and Rigid Polyisocyanurate Panel, Glass Wool Panel, and Other Products ), By Application, and Geography.
insulated panels market is valued at approximately US$ 9,364.8 million in 2022 and is predicted to exceed at a significant CAGR of 4.8% between 2023 and 2029. Green building standards and regulations that encourage the use of building insulation materials to reduce overall energy consumption and increase expenditures in the construction of cold chain infrastructure around the world are anticipated to propel the industry forward. The market is expected to develop due to the increasing use of structural insulated panels in the construction industry. The market is attributed to the rise of the construction sector, driven by urbanization, simplified utility, and decreased costs of insulated wall panels. The environmentally friendly characteristics of insulated wall panels are projected to propel the insulated wall panel market to new heights. With increasingly rigorous legislation surrounding commercial properties, developers are encouraged to keep pace with the technology to create energy-efficient buildings. In 2021, EPS is expected to be the most popular insulation material in the insulated panels market. The most popular core material is expanded polystyrene (EPS), accounting for more than 85 percent of all structural insulated panels. EPS comprises millions of small air-filled pockets in a closed-cell, moisture-resistant structure. It does not typically emit ozone-depleting chlorofluorocarbons (CFCs).
Study Period
2024-2030Base Year
2023CAGR
4.8%Largest Market
North-AmericaFastest Growing Market
Asia-Pacific
Growing demand for Green Buildings boosts the global insulated market. Increasing applications of structural insulated panels in building roofs, walls, and floors, owing to the various benefits they offer, are also boosting the growth of the global insulated panels market. However, the fiscal slowdown in some regions is expected to hamper the market growth.
North America controlled the majority of the global market. The construction business in the United States has seen a rise in private construction investment throughout the years. In the region, the increased usage of structural insulated panels in green construction has created significant market demand. Moreover, Asia Pacific is anticipated to witness the fastest regional market due to the rapid growth of the residential and commercial construction sectors, as well as the implementation of various green building standards.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 9,364.8 million |
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Market CAGR |
4.8% |
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By Product Type |
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By Application |
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By Region |
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The CAGR of the insulated panels market is 4.8% over the forecast period (2023 - 2029)
Owens Corning., Premier Building Systems, Kingspan Group, Rautaruukki Corporation.
The Asia Pacific is the fastest-growing region for the insulated panels market
| 1. Executive Summary |
| 2. Insulated Panels Market Introduction |
| 2.1. Global Insulated Panels Market - Taxonomy |
| 2.2. Global Insulated Panels Market -Definitions |
| 2.2.1. By Product |
| 2.2.2. By Application |
| 2.2.3. By Region |
| 3. Global Insulated Panels Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Insulated Panels Market Dynamic Factors - Impact Analysis |
| 3.6. Global Insulated Panels Market - Competition Landscape |
| 4. Global Insulated Panels Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Metric Tons) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Insulated Panels Market, By Product, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1. Expanded Polystyrene (EPS) Panel |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Rigid Polyurethane (PUR) Panel |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Rigid Polyisocyanurate (PIR) Panel |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Glass Wool Panel |
| 5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Other Products (Extruded Polystyrene Foam) |
| 5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6. Global Insulated Panels Market, By Application, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1. Walls & Floors |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Roof |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Cold Storage |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. Global Insulated Panels Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Insulated Panels Market - Opportunity Analysis Index, By Product , By Application, and Region, 2023- 2029 |
| 8. North America Insulated Panels Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.1. By Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Expanded Polystyrene (EPS) Panel |
| 8.1.2. Rigid Polyurethane (PUR) Panel |
| 8.1.3. Rigid Polyisocyanurate (PIR) Panel |
| 8.1.4. Glass Wool Panel |
| 8.1.5. Other Products (Extruded Polystyrene Foam) |
| 8.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1. Walls & Floors |
| 8.2.2. Roof |
| 8.2.3. Cold Storage |
| 8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Insulated Panels Market - Opportunity Analysis Index, By Product, By Application, and Country, 2023- 2029 |
| 8.5. North America Insulated Panels Market Dynamics - Trends |
| 9. Europe Insulated Panels Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 9.1. By Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Expanded Polystyrene (EPS) Panel |
| 9.1.2. Rigid Polyurethane (PUR) Panel |
| 9.1.3. Rigid Polyisocyanurate (PIR) Panel |
| 9.1.4. Glass Wool Panel |
| 9.1.5. Other Products (Extruded Polystyrene Foam) |
| 9.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Walls & Floors |
| 9.2.2. Roof |
| 9.2.3. Cold Storage |
| 9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Rest of Europe |
| 9.4. Europe Insulated Panels Market - Opportunity Analysis Index, By Product , By Application, and Country, 2023- 2029 |
| 9.5. Europe Insulated Panels Market Dynamics - Trends |
| 10. Asia-Pacific Insulated Panels Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 10.1. By Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Expanded Polystyrene (EPS) Panel |
| 10.1.2. Rigid Polyurethane (PUR) Panel |
| 10.1.3. Rigid Polyisocyanurate (PIR) Panel |
| 10.1.4. Glass Wool Panel |
| 10.1.5. Other Products (Extruded Polystyrene Foam) |
| 10.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Walls & Floors |
| 10.2.2. Roof |
| 10.2.3. Cold Storage |
| 10.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. China |
| 10.3.2. India |
| 10.3.3. Japan |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Insulated Panels Market - Opportunity Analysis Index, By Product , By Application, and Country, 2023- 2029 |
| 10.5. Asia-Pacific Insulated Panels Market Dynamics - Trends |
| 11. Latin America Insulated Panels Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 11.1. By Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Expanded Polystyrene (EPS) Panel |
| 11.1.2. Rigid Polyurethane (PUR) Panel |
| 11.1.3. Rigid Polyisocyanurate (PIR) Panel |
| 11.1.4. Glass Wool Panel |
| 11.1.5. Other Products (Extruded Polystyrene Foam) |
| 11.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Walls & Floors |
| 11.2.2. Roof |
| 11.2.3. Cold Storage |
| 11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Argentina |
| 11.3.4. Rest of Latin America |
| 11.4. Latin America Insulated Panels Market - Opportunity Analysis Index, By Product , By Application, and Country, 2023- 2029 |
| 11.5. Latin America Insulated Panels Market Dynamics - Trends |
| 12. Middle East and Africa Insulated Panels Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 12.1. By Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Expanded Polystyrene (EPS) Panel |
| 12.1.2. Rigid Polyurethane (PUR) Panel |
| 12.1.3. Rigid Polyisocyanurate (PIR) Panel |
| 12.1.4. Glass Wool Panel |
| 12.1.5. Other Products (Extruded Polystyrene Foam) |
| 12.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Walls & Floors |
| 12.2.2. Roof |
| 12.2.1. Cold Storage |
| 12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. Israel |
| 12.3.3. South Africa |
| 12.3.4. Rest of MEA |
| 12.4. MEA Insulated Panels Market - Opportunity Analysis Index, By Product , By Application, and Country, 2023- 2029 |
| 12.5. MEA Insulated Panels Market Dynamics - Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Isopan |
| 13.2.2. Owens Corning. |
| 13.2.3. Kingspan Group |
| 13.2.4. F.B. Corporation. |
| 13.2.5. Nucor Building Systems |
| 13.2.6. Rautaruukki Corporation. |
| 13.2.7. Premier Building Systems |
| 13.2.8. American Insulated Panel |
| 13.2.9. All Weather Insulated Panels |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
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