Metal Structural Insulation Panels Market Size By Application (Walls, Roofs), By End-use (Residential, Commercial, Non-building), COVID19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape & Forecast, 2023 - 2032

Metal Structural Insulation Panels Market Size By Application (Walls, Roofs), By End-use (Residential, Commercial, Non-building), COVID19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape & Forecast, 2023 - 2032

Global Metal Structural Insulation Panels Market will grow exponentially through 2032, primarily owing to a number of benefits offered by the product, including lesser construction time. Structural insulation panels are thermally efficient, reduce waste and fuel costs, and create more internal space. Increasing consciousness about environmental degradation among the general populace is also expected to drive business growth during 2023-2032.

The COVID-19 situation also added remarkable impetus to the metal SIPs market due to the immediate requirement to expand the existing healthcare infrastructure. To cater to these requirements, in April 2020, Kingspan, to support the UK’s response to the pandemic, announced that it will supply wall and roof panels, ancillary products, and structural systems to various medical and food production projects including intensive care units for hospitals.

Besides, the key competitors in the metal structural insulation panels market are trying to enter into valuable acquisitions, mergers, joint ventures, and launching new products to expand their portfolio and gain a competitive edge over others.

To cite an instance, in August 2022, Vantem Global launched its prefabricated homes which are made of structural panels. Vantem claimed that the panels are safe and can be used in high seismic zones and areas prone to experiencing hurricane-level winds. Besides, they are also resistant to fire, water, and insects and provide five times better insulation than traditional building materials.

Overall, the metal structural insulation panels market has been segregated in terms of application, end use, and region.

Based on application, the walls segment held more than 95% of the total market share in 2022. Metal SIP walls are used to construct industrial, commercial, retail, and residential structures. Besides, these walls can protect buildings and warehouses against natural calamities like hurricanes by providing airtight construction with better environmental control. With rapid urbanization and urban sprawl, construction activities are increasing across the globe, which is poised to strengthen the market growth outlook during the next ten years.

Regarding the end-user, the metal SIPs market is set to be characterized by the non-building segment. Transportation of various temperature-sensitive goods has witnessed a noticeable surge in recent years, resulting in the increased demand for refrigerated storage facilities in the supply chain and logistics divisions. This, in consequence, will propel the segmental gains through 2023-2032.

In the regional context, the Europe metal structure insulation panels market will grow at more than 2.5% CAGR between 2023 and 2032. This growth can be accredited to the increasing trend for green building construction solutions and favorable government initiatives emphasizing long-term sustainability and energy savings, promoting the use of metal structural insulation panels in building works and construction activities.