Global Composite Insulated Panels Market growing at a CAGR of 5.8% from 2023 to 2030
Category : Materials And Chemicals | Published Date : Jul 2023
Key Market Overview
Consegic Business Intelligence analyzes that the composite insulated panels market is predicted to grow at a compound annual growth rate of 5.8% from 2023 to 2030 and is expected to reach USD 491.61 million in 2030 which was valued at USD 314.58 million in 2022.
The report highlights the increasing adoption of composite insulated panels in building walls application, which is proliferating global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the composite insulated panels market.
Global Composite Insulated Panels Market By Overview
The composite insulated panels market is bifurcated into product type and application. Based on product type the market is segmented into expanded polystyrene (EPS) panel, rigid polyurethane (PUR) panel, rigid polyisocyanurate (PIR) panel, glass wool panel, and others. In 2022, the expanded polystyrene (EPS) panel segment dominate in the overall composite insulated panels market. The application segment is categorized into building wall, building roof, cold storage, and others. In 2022, the building wall segment accounted for the highest market share in the composite insulated panels market.
Get Free SampleMarket Dynamics
Driver:
- The increasing adoption of composite insulated panels in building walls is spurring market growth.
- Growth in the development of building roofs is favoring the growth of the composite insulated panels market.
Restraints:
- Fluctuations in the raw materials prices are restraining the growth of the composite insulated panels market.
Market Segmentation:
| Report Attributes | Report Details |
| By Product Type | Expanded Polystyrene (EPS) Panel, Rigid Polyurethane (PUR) Panel, Rigid Polyisocyanurate (PIR) Panel, Glass Wool Panel, and Others |
| By Application | Building Wall, Building Roof, Cold Storage, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
As per the study, the market is dominated by certain major companies such as Kingspan Group, Alubel SpA., ArcelorMittal, and DANA Group of Companies which have a strong market position in current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions that are more durable, ensure superior functioning, and others. Furthermore, the composite insulated panels market is expected to witness substantial growth in the coming years due to the growing investment in cold storage facilities in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- Kingspan Group
- Alubel SpA.
- ArcelorMittal
- DANA Group of Companies
- Balex-Metal
- PFB Corporation
- Jiangsu Jingxue Insulation Technology Co. Ltd
- METECNO
- Zamil Steel Pre-Engineered Buildings Co. Ltd
- Tata Steel