Composite Insulated Panels Market by Product and Geography - Forecast and Analysis 2022-2026

The composite insulated panels market share is expected to increase by USD 215.98 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.93%.

This composite insulated panels market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers composite insulated panels market segmentation by product (expanded polystyrene panel, rigid polyurethane and rigid polyisocyanurate panel, glass wool panel, and others) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The composite insulated panels market report also offers information on several market vendors, including Al Shahin Co. for Metal Industries, Alubel Spa, ArcelorMittal SA, Balex Metal Sp zoo, Composite Panel Building Systems, Cornerstone Building Brands Inc., DANA Group of Companies, Isopan Spa, Italpannelli Srl, Jiangsu Jingxue Insulation Technology Co. Ltd., Kingspan Group Plc, Lattonedil Spa Milan, Metecno Group, PFB Corp., PortaFab Corp., Rautaruukki Corp., Romakowski GmbH and Co. KG, Tata Steel Ltd., Yusuf A. Alghanim and Sons WLL, and Zamil Industrial Investment Co. among others.

What will the Composite Insulated Panels Market Size be During the Forecast Period?

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Composite Insulated Panels Market: Key Drivers, Trends, and Challenges

The rising demand for energy-efficient buildings is notably driving the composite insulated panels market growth, although factors such as high costs restraining large-scale acceptance of composite insulated panels may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the composite insulated panel industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.

Key Composite Insulated Panels Market Driver

The rising demand for energy-efficient buildings is one of the major drivers impacting the composite insulated panels market growth. The demand for energy-efficient buildings is growing at a rapid pace across the globe owing to the stringent government regulations and rising awareness regarding environmental degradation. Buildings are responsible for 40% of global energy consumption and 33% of greenhouse gas emissions. Time spent at home increased by nearly 30% when the lockdown was at its peak and was still 5% to 10% higher between June and October 2020. Increased time spent at home is being used for energy-consuming activities, leading to significant and complex changes in energy demand. In addition, increasing awareness of climate change due to increased pollution, population, and greenhouse gases is driving the demand for efficient and cost-effective insulation panels. Thus, the implementation of composite insulated panels on external and interior walls plays a very important role in energy-saving buildings and hence, the rising demand for energy-efficient buildings will drive the demand for composite insulated panels, which, in turn, will boost the growth of the global composite insulated panels market during the forecast period.

Key Composite Insulated Panels Market Trend

The rising demand for composite insulated panels in cold storage applications is one of the major trends influencing the composite insulated panels market growth. Composite insulated panels are widely used in cold storage applications. Such panels for cold stores provide thermal insulation much higher than other facade panels, offering a result similar or even superior to other construction materials generally used in the construction of cold rooms and which demand a more complicated construction process. For instance, composite insulate panels in cold storage in East Africa provide much-required protection and preservation to food and related raw materials from high temperatures. The composite insulated panel for cold storage has a profile of 2 mm that gives it special resistance to impacts, movements, and forces of all kinds, thereby preserving outstanding thermal insulation. Therefore, the increased demand for cold chain storage and logistics in emerging economies is one of the major trends that is expected to contribute to the growth of the global composite insulated panels market during the forecast period.

Key Composite Insulated Panels Market Challenge

High costs restraining large-scale acceptance of composite insulated panels is one of the major challenges impeding the composite insulated panels market growth. Composite insulation panels are costly compared to conventional insulators, which restricts their use in large-scale applications such as construction. However, these panels offer about ten times better performance and payback than conventional expanded polystyrene insulation. The higher cost of raw materials, such as polyurethane, PIR, polystyrene, phenolic foam, and rock wool, is increasing the cost of composite insulation panels. Such panels have high production costs compared to conventional materials (i.e., steel or wood) as their manufacture is a labor-intensive process. However, polyurethane is the most widely used core material in composite insulation panels due to its favorable properties. Therefore, the higher cost of composite insulation panels is restricting their acceptance in large-scale applications, which will hinder the growth of the global composite insulated panels market during the forecast period.

This composite insulated panels market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global composite insulated panels market as a part of the global diversified metals and mining market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the composite insulated panels market during the forecast period.

Who are the Major Composite Insulated Panels Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Al Shahin Co. for Metal Industries
• Alubel Spa
• ArcelorMittal SA
• Balex Metal Sp zoo
• Composite Panel Building Systems
• Cornerstone Building Brands Inc.
• DANA Group of Companies
• Isopan Spa
• Italpannelli Srl
• Jiangsu Jingxue Insulation Technology Co. Ltd.
• Kingspan Group Plc
• Lattonedil Spa Milan
• Metecno Group
• PFB Corp.
• PortaFab Corp.
• Rautaruukki Corp.
• Romakowski GmbH and Co. KG
• Tata Steel Ltd.
• Yusuf A. Alghanim and Sons WLL
• Zamil Industrial Investment Co.

 

This statistical study of the composite insulated panels market encompasses successful business strategies deployed by the key vendors. The composite insulated panels market is fragmented and the vendors are deploying growth strategies such as product differentiation, portfolios, and pricing to compete in the market.

Product Insights and News

• arcelormittal.com - The company offers composite insulated panels such as Promistyl panels and Ondastyl panels.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The composite insulated panels market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Composite Insulated Panels Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the composite insulated panels market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Composite Insulated Panels Market?

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33% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for composite insulated panels in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Rising construction activities across the region will facilitate the composite insulated panels market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The rapid rise in the number of COVID-19 cases across the region during the first half of 2020 influenced compelled governments to introduce emergency legislation, which included restrictions on the operational activities of several industries. This led to the shutting down of several manufacturing units, including those manufacturing composite insulated panels in the region.  However, the market started gaining momentum in the first half of 2021 due to the increasing demand for cold chain logistics to store and transport COVID-19 vaccines and the increasing demand for these panels in the construction industry to reduce energy consumption.

What are the Revenue-generating Product Segments in the Composite Insulated Panels Market?

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The composite insulated panels market share growth in the expanded polystyrene panel segment will be significant during the forecast period. EPS panel is a modern, efficient, safe, and economic construction system for the construction of buildings. Also, these insulation panels are strong, extremely durable, easy to maintain, easy to move, and fully recyclable. This would drive the demand for EPS in the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the composite insulated panels market size and actionable market insights on post COVID-19 impact on each segment.

 

Composite Insulated Panels Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.93%
Market growth 2022-2026	$ 215.98 million
Market structure	Fragmented
YoY growth (%)	5.11
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	APAC at 33%
Key consumer countries	US, China, India, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Al Shahin Co. for Metal Industries, Alubel Spa, ArcelorMittal SA, Balex Metal Sp zoo, Composite Panel Building Systems, Cornerstone Building Brands Inc., DANA Group of Companies, Isopan Spa, Italpannelli Srl, Jiangsu Jingxue Insulation Technology Co. Ltd., Kingspan Group Plc, Lattonedil Spa Milan, Metecno Group, PFB Corp., PortaFab Corp., Rautaruukki Corp., Romakowski GmbH and Co. KG, Tata Steel Ltd., Yusuf A. Alghanim and Sons WLL, and Zamil Industrial Investment Co.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Composite Insulated Panels Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive composite insulated panels market growth during the next five years
• Precise estimation of the composite insulated panels market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the composite insulated panel industry across North America, Europe, APAC, South America, the Middle East, and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of composite insulated panels market vendors

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