Global Composite Insulated Panels Market size is anticipated to register a 4% CAGR between 2020 and 2026 and reach an approximate value of USD 10 Billion in 2026. Composite panels also called as sandwich panels are construction materials that feature an insulation core that is sandwiched between two metal or plastic facings. They are used extensively for external walls, internal structures, and roof construction within a variety of industries, including cold storage, warehousing, food, hotels, and other environments, which adhere to stringent hygiene standards. Composite panels are a more favorable choice due to several beneficial characteristics, including thermal insulation properties that curb heat and cold transmission, the ability to muffle sound, lightweight, among others. These panels are manufactured on a continuous lamination basis with metal facings, usually, aluminum or steel, encapsulate a foamed polyurethane core.
Based on region, the composite insulated panels market is segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America dominated the composite insulated panels market in 2019. High consumer awareness, early acceptance, and government support for energy-efficient and green constructions have supported the product growth in the region. Additionally, the commercial availability of the products coupled with easy installation guidelines provided by the key players is likely to support the growth of the market. The global composite insulated panels market has been segmented based on product, application, and region. By product, the composite insulated panels market is divided into expanded polystyrene (EPS) panel, rigid polyurethane (PUR) and rigid polyisocyanurate (PIR) panel, glass wool panel, and others. The rigid polyurethane (PUR) and rigid polyisocyanurate (PIR) panel product segment is anticipated to hold a significant share of the market during the study period owing to its better resistance to temperatures and lightweight properties. By application, the global composite insulated panels market is segmented into building wall, building roof, and cold storage. The building wall application segment accounted for a significantly large share in the global market owing to the growing construction projects with highly efficient and green materials, specifically for residential are likely to boost the demand for structural insulated panels in wall construction.
Global Composite Insulated Panels Market size is anticipated to register a 4% CAGR between 2020 and 2026 and reach an approximate value of USD 10 Billion in 2026.
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Scope of the Report
This report provides an in-depth analysis of the global composite insulated panels market, tracking two market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights the market size and shares for North America, Europe, Asia-Pacific, and the rest of the world. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global composite insulated panels market by product, application, and region.
Key industry participants in the global composite insulated panels market include Alubel SpA (Italy), ArcelorMittal (Luxembourg City), Balex-Metal (Poland), Dana Group Plc (UAE), ITALPANNELLI SRL (Italy), Jiangsu Jingxue Insulation Technology Co. Ltd (China), Kingspan Group (Ireland), Manni Group S.p.A (Italy), METECNO (India), Multicolor Steels (India) Pvt Ltd, Nucor Building Systems (Indiana), Owens Corning (US), and PFB Corporation (Canada).
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