Structural Insulated Panels Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The structural insulated panel market is expected to register a CAGR of more than 6% during the forecast period.
The construction industry is one of the industries badly impacted by the COVID-19 outbreak. Because of a lack of funds, labor shortage, and lockdown regulations, many projects were halted in 2020. However, the construction industry is recovering fast and will grow further during the forecast period.
Key HighlightsThe structural insulated panels market is highly fragmented, with no major player accounting for a prominent share in the market. Most of the market leaders are forward integrated, i.e., they produce structural insulated panels and provide installations and maintenance services. Some of the major players (not in any particular order) include Kingspan Group, RautaruUnited Kingdomki Corporation, Premier Building Systems Inc.(Premier SIPS), Owens Corning, and PFB Corporation.
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