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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 | December 2022 | Region: Global | 100 Pages         

Composite Insulated Panel Market

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).

Segmentation

Product Expanded Polystyrene (EPS) Panel Rigid Polyurethane (PUR) and Rigid Polyisocyanurate (PIR) Panel Glass Wool Panel
Application Building Wall Building Roof and Cold Storage

Key Players

  • 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)

Drivers

  • Growing construction projects with highly efficient and green materials specifically for residential
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Composite Insulated Panels Market Overview


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 insulated panels are building systems that are crucial in the construction industry. The materials used in these insulated panels are rigid polyurethane, polyisocyanurate, glass wood and polystyrene panel. Today, the need for composite insulated panels is growing in many regions. It is a crucial base for construction.


The growing demand for modular buildings is contributing to the growth of the composite insulated panels market. The construction industry is developing rapidly. There is a launch of new technologies in the construction market that is raising the adoption of composite insulated panels. Urbanization is the crucial driver of the market. Urbanisation is happening in many regions. It is leading to new construction and building. These are important factor that leads to a massive supply of these products in the forecast period.


Through the insulation panel conducting electricity is possible due to this energy efficiency is higher in the building. Further, smart city constructions will lead to more growth opportunities in the market. The investments in the market are growing in developed regions. Us and Canada are countries that will have the highest investments. These are a factor that contributes to immense value. 


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.

Recent Development


The key players in Canada are witnessing growth in the construction market. The residential projects and governmental initiatives will create more opportunities for market players. The supply of the market is expected to rise due to the growing market opportunities. 


In the forecast period, the investments of the key players in China are expected to increase. The investments in the market are expected to grow by 20%. The construction's output is increasing their spending on such insulated all this will raise overall revenue. 


The key players in Germany are witnessing high demand for residential units. There are 350000 requirements for residential constructions in 2021. This will raise the supply of the key players. 


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.