Composite Insulated Panels Market by Product (Expanded Polystyrene Foam, Extruded Polystyrene Foam, Glass Wool Panel), Skin Material (Continuous Fiber Reinforced Thermoplastics, Fiberglass Reinforced Panel), Application, End-Use - Global Forecast 2024-2030
The Composite Insulated Panels Market size was estimated at USD 557.53 million in 2023 and expected to reach USD 592.38 million in 2024, at a CAGR 6.38% to reach USD 859.75 million by 2030.
Composite Insulated Panels (CIPs) are high-performance building materials used for construction and architectural applications. These panels comprise an insulating layer of rigid core sandwiched between two layers of structural material, typically metal or wood. The core material is often made of expanded polystyrene (EPS), polyurethane (PU), polyisocyanurate (PIR), or mineral wool, which provides excellent thermal insulation properties. The increasing efforts in reducing carbon footprint and rising energy costs drive the global demand for composite insulated panels. However, the fluctuating raw material prices may impede the market's growth. Nevertheless, growing smart city constructions and demand for energy-saving technologies in the construction sector are anticipated to provide numerous opportunities for developing the composite insulated panels market.
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1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing construction activities and adoption of green buildings
5.1.1.2. Growing applications in cold storage infrastructures
5.1.1.3. Rising demand for insulated panels in automotive and aerospace sector
5.1.2. Restraints
5.1.2.1. Volatility of raw material cost used for manufacturing composite insulated panels
5.1.3. Opportunities
5.1.3.1. Ongoing advancements in composite insulated panels
5.1.3.2. Significant investments and governmental initiatives for smart cities
5.1.4. Challenges
5.1.4.1. Inefficient moisture barrier properties and technical limitations
5.2. Market Segmentation Analysis
5.2.1. Product: Increasing preference for extruded polystyrene foam owing to its extended thermal resistance property
5.2.2. Skin Material: Burgeoning utilization of fiberglass reinforced panel (FRP) as it is a cost-effective material with high longevity and resilience
5.2.3. Application: Expanding applications of composite insulated panels in cold storage
5.2.4. End-Use: Proliferating use of composite insulated panels in non-residential sector