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 2024-203

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 2024-203

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.

Regional Insights

The composite insulated panels market is evolving in the Americas due to stringent building energy codes, a growing inclination towards green building practices, technological advancements, and sustainable construction methods. In Europe, the market for composite insulated panels is driven by the widespread adoption of energy efficiency directives by the European Union, mature construction industry, especially in countries such as Germany, the UK, and France, and refurbishment activities of old constructions alongside new developments. The composite insulated panels market is growing in the Middle East and Africa due to the region's hot climate and a shift towards energy-efficient building practices. Rapid industrialization, urbanization, and the rise in construction activities fuel demand for composite insulated panels. Besides, improvements in composite insulated panels to enhance their moisture barrier properties are anticipated to propel their use across end-use sectors globally.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Composite Insulated Panels Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Increasing construction activities and adoption of green buildings
Growing applications in cold storage infrastructures
Rising demand for insulated panels in automotive and aerospace sector

Market Restraints

Volatility of raw material cost used for manufacturing composite insulated panels

Market Opportunities

Ongoing advancements in composite insulated panels
Significant investments and governmental initiatives for smart cities

Market Challenges

Inefficient moisture barrier properties and technical limitations

Market Segmentation Analysis

Product: Increasing preference for extruded polystyrene foam owing to its extended thermal resistance property
Skin Material: Burgeoning utilization of fiberglass reinforced panel (FRP) as it is a cost-effective material with high longevity and resilience
Application: Expanding applications of composite insulated panels in cold storage
End-Use: Proliferating use of composite insulated panels in non-residential sector

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Composite Insulated Panels Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Composite Insulated Panels Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Kingspan Group acquires Alaço

The Kingspan Group acquired Alaço, a family-run business based in Portugal, to expand its product capabilities in the field of insulation technology that brings value to its market position. This acquisition supports the business growth of kingspan group in both regional and international markets.

All Weather Insulated Panels Launches DM44 Mesa Panel

All Weather Insulated Panels (AWIP) introduced the DM44 Mesa Panel, 44-inch wide profiles designed for interior applications, particularly for controlled environment projects. The DM44 panels are available in thicknesses ranging from 2 to 8 inches and lengths from 8 to 50 feet. They come in finishes such as Imperial White polyester and stainless steel.

Owens Corning and Pultron Composites Form Joint Venture to Produce Fiberglass Rebar

Owens Corning and Pultron Composites have partnered to manufacture fiberglass rebar for concrete to increase accessibility to PINKBAR+ Fiberglass Rebar and MATEENBAR Fiberglass Rebar. These products are widely used in flatwork, residential applications, and heavy-load structural applications, complying with ACI, ASTM, ICC-ES, and CSA Grade III codes. The collaboration combines Owens Corning's expertise in glass-fiber material technology with Pultron Composites' manufacturing and process efficiency, creating new market opportunities.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Composite Insulated Panels Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Composite Insulated Panels Market, highlighting leading vendors and their innovative profiles. These include Al Shahin Metal Industries, ArcelorMittal S.A., Balex Metal Sp. z o.o., Cornerstone Building Brands, Inc., DANA Group of Companies, Hemsec Manufacturing Ltd., Isomec Srl, Isopan S.p.A., Jiangsu Jingxue Insulation Technology Co., Ltd., Kingspan Group, Lattonedil S.p.A., Metecno India Private Limited, Multicolor Steels (India) Pvt. Ltd., NAV-System Group, Nucor Corporation, Omnis Exteriors Ltd., Owens Corning Incorporated, PFB Corporation, Rautaruukki Oyj, Romakowski GmbH & Co. KG, Tata Steel Limited, The Riverside Company, TONMAT GROUP, Trier Insulated Panels GmbH, and Zamil Steel Pre-Engineered Buildings Co. Ltd..

Market Segmentation & Coverage

This research report categorizes the Composite Insulated Panels Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
Expanded Polystyrene Foam
Extruded Polystyrene Foam
Glass Wool Panel
Rigid Polyurethane & Rigid Polyisocyanurate Panel
Skin Material
Continuous Fiber Reinforced Thermoplastics
Fiberglass Reinforced Panel
Application
Building Roof
Building Wall
Cold Storage
End-Use
Non-Residential
Residential
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year