Selbyville, Delaware, Jan. 09, 2023 (GLOBE NEWSWIRE) --
Metal Structural Insulation Panels Market is expected to cross a valuation of USD 60 billion by 2032 according to the recent research report Global Market Insights Inc.
The reduced construction time as well as the benefits offered by metal structural insulation panels as the key drivers of the industry trends. In recent years, structural insulation panels have gained popularity among architects working on high-performing, energy-efficient building envelopes, which has been lucrative for the product outlook. Furthermore, preformed metal SIPs are witnessing an upsurge in demand as they reduce installation expenses and shorten the time required to complete building projects, resulting in low construction costs, which is likely to fuel metal structural insulation panels market growth.
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Superior thermal quality to impel metal SIP walls deployment in energy buildings
The metal structural insulation panels market revenue from application in walls segment accounted for 40 billion in 2022 and is expected to observe 3.5% growth through 2032. Metal walls offer superior thermal & environmental control, an airtight design and protection against the wind, storms & hurricanes. Increasing preference for metal SIP walls in the construction of commercial, industrial, retail and residential energy buildings along with the rising development of cold storage warehouses, food processing, flower storage facilities and emergency & disaster relief shelters is majorly contributing to the industry's expansion.
Growing demand for prefabricated metals to foster commercial segment growth
The commercial segment value is anticipated to reach over USD 22 billion by 2032. The main factor driving product demand in the commercial sector is the growing uptake of the prefabricated metal SIPs components, which helps to speed up on-site construction projects while considerably reducing the requirement for skilled labor, which is also slated to boost the industry sales further.
Stringent building insulation regulations to favor North America market expansion
The North America metal SIP industry is likely to experience considerable growth to amass over USD 17 billion by 2032. The regional industry is foreseen to be favored by the strict building insulation regulations imposed by governments across several American countries. Additionally, the booming demand for the development of advanced temperature-controlled warehouses is likely to complement business development in the coming years.
Strategic initiatives by top companies to define the industry outlook
The key participants in the metal structural insulation panels market are, Tata Steel Ltd., Kingspan Group, Thermasteel, Flexospan Steel Buildings, Inc., MIB Facades Limited, ArcelorMittal, Kirby Building Systems, and Direct Metals Co. LLC, among others. The market is expected to witness product development and product portfolio expansion efforts by major players, which is likely to positively influence the overall industry. For instance, in January 2022, AGACAD, a building information modeling and management expert, unveiled its first BIM software in Autodesk Revit for automating, designing, and documenting complete building envelopes with insulated sandwich panels.
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Partial Table of Contents (ToC) of the report:
Chapter 2 Executive Summary
2.1 Metal structural insulation panels industry 3600 synopsis, 2018 - 2032
2.1.1 Business trends
2.1.2 Application trends
2.1.3 End-use trends
2.1.4 Regional trends
Chapter 3 Metal Structural Insulation Panels Industry Insights
3.1 Introduction
3.2 Industry landscape
3.3 Industry ecosystem analysis
3.4 Technology landscape
3.5 Consumer buying behavior
3.6 Regulatory landscape
3.7 Price trend analysis
3.8 Industry impact forces
3.8.1 Growth drivers
3.8.1.1 Expanding cold storage industry
3.8.1.2 Reduced construction time along with benefits
3.8.2 Industry pitfalls & challenges
3.8.2.1 Fluctuating raw material costs
3.9 Growth potential analysis, 2022
3.10 Porter’s analysis
3.11 PESTLE analysis
3.12 COVID-19 impact on demand for metal structural insulation panels
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
