Composite Insulated Panels Market Research Report - Global Forecast till 2030

Composite Insulated Panels Market Research Report: Information by Product [Expanded Polystyrene (EPS) Panel, Rigid Polyurethane (PUR) and Rigid Polyisocyanurate (PIR) Panel, Glass Wool Panel and Others], Application (Building Wall, Building Roof and Cold Storage) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2030

ID: MRFR/CO/8631-HCR | February 2021 | Region: Global | 100 pages

Composite Insulated Panel Market Scenario:


Global Composite Insulated Panels Market is projected to be worth USD 666.1 million by 2030, registering a CAGR of 5.2% during the forecast period (2022 - 2030), The market was valued at USD 448.2 million in 2021.


The growing advancements in building technologies such as modular construction techniques and others are likely to propel the growth of the composite insulated panels market in the coming years. In addition, the growth of the construction industry owing to urbanization and simplified utility, along with lower costs of insulated wall panels, drive the product demand.


The global composite insulated panels market has been segmented based on product, application, and region. Based on product, the composite insulated panels market is divided into expanded polystyrene (EPS) panel, rigid polyurethane (PUR) and rigid polyisocyanurate (PIR) panel, glass wool panel, and others. The rigid polyurethane (PUR) and rigid polyisocyanurate (PIR) panel product segment is anticipated to hold a significant share of the composite insulated panels market during the study period owing to its better resistance to temperatures along with lightweight properties.


Based on application, the global composite insulated panels market is segmented into building wall, building roof, and cold storage. The building wall application segment accounted for a significantly large share in the global market owing to the growing construction projects with highly efficient and green materials, specifically for residential are expected to boost the demand for structural insulated panels in wall construction applications.


Key Players


Key industry participants in the Global Composite Insulated Panels Market include Alubel SpA (Italy), ArcelorMittal (Luxembourg City), Balex-Metal (Poland), Dana Group Plc (UAE), ITALPANNELLI SRL (Italy), Jiangsu Jingxue Insulation Technology Co. Ltd (China), Kingspan Group (Ireland), Manni Group S.p.A  (Italy), METECNO (India), Multicolor Steels (India) Pvt Ltd, Nucor Building Systems (Indiana), Owens Corning (US), and PFB Corporation (Canada).


Market Segmentation
Composite Insulated Panels Market


The global composite insulated panels market is expected to witness high growth during the forecast period owing to increasing demand from the construction sector and increasing cold storage applications. This is likely to drive the demand for composite insulated panels in the coming years.


Based on region, the composite insulated panels market is segmented into North America, Europe, Asia-Pacific, and the rest of the World. North America dominated the composite insulated panels market in 2019. High consumer awareness, early acceptance, and government support for energy-efficient and green constructions have supported the product growth in the region. Additionally, the commercial availability of the products coupled with easy installation guidelines provided by the key players is likely to support the growth of the regional market.


Composite panels, also called as sandwich panels, are construction materials that consist of an insulation core, which is sandwiched between two metal or plastic facings. These panels are used extensively for external walls, internal structures, and roof construction in various industries, including cold storage, warehousing, food, hotels, and other environments, which adhere to stringent hygiene standards. Composite panels are a more favorable choice because of several characteristics, including thermal insulation properties that curb heat and cold transmission, the ability to muffle sound, light weight, among others. These panels are manufactured on a continuous lamination basis with metal facings, usually, aluminum or steel, encapsulate a foamed polyurethane core.


Intended Audience



  • Government and Research Organization

  • Consulting Companies in the Composite Insulated Panels Market

  • Raw Material Suppliers

  • Research Consultants

  • Investors and Shareholders



Report Scope:
Report Attribute/Metric Details
  Market Size   2030:USD 666.1 million
  CAGR   5.2% (2022 to 2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   by Product, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Alubel SpA (Italy), ArcelorMittal (Luxembourg City), Balex-Metal (Poland), Dana Group Plc (UAE), ITALPANNELLI SRL (Italy), Jiangsu Jingxue Insulation Technology Co. Ltd (China), Kingspan Group (Ireland), Manni Group S.p.A (Italy), METECNO (India), Multicolor Steels (India) Pvt Ltd, Nucor Building Systems (Indiana), Owens Corning (US), and PFB Corporation (Canada).
  Key Market Opportunities

  • Increasing demand from the construction sector
  • Increasing cold storage applications
  •   Key Market Drivers

  • The key players is likely to support the growth of the regional market
  • Growing construction projects with highly efficient and green materials, specifically for residential


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    Frequently Asked Questions (FAQ) :


    Global composite insulated panels market is projected to grow at approximately 5.2% CAGR during the assessment period (2022-2030).

    Global Composite Insulated Panels Market is projected to be worth USD 666.1 million by 2030

    Building wall is the largest application segment in the global composite insulated panels market.

    North America holds the largest share in the global composite insulated panels market, followed by Europe and Asia Pacific region, respectively.

    ArcelorMittal (Luxembourg City), Alubel SpA (Italy), Balex-Metal (Poland), ITALPANNELLI SRL (Italy), Dana Group Plc (UAE), Jiangsu Jingxue Insulation Technology Co. Ltd (China), Manni Group S.p.A (Italy), Kingspan Group (Ireland), METECNO (India), Nucor Building Systems (Indiana), Multicolor Steels (India) Pvt Ltd, PFB Corporation (Canada), and Owens Corning (US), are some of the top players operating in the global composite insulated panels market.