What is Composite Insulated Panels - Global Market?
Composite Insulated Panels, also known as sandwich panels, are a high-performance building system that is widely used in the construction industry. These panels are made up of two metal panels with an insulating foam core sandwiched between them. The global market for these panels is vast and diverse, with a variety of types and applications. The types of Composite Insulated Panels include EPS Panels, PUR/PIR Panels, Mineral/Glass Wool Panels, and others. EPS Panels, or Expanded Polystyrene Panels, are lightweight and offer excellent thermal insulation and mechanical properties. PUR/PIR Panels, or Polyurethane/Polyisocyanurate Panels, are known for their superior fire resistance and thermal performance. Mineral/Glass Wool Panels are non-combustible and provide excellent sound absorption, making them ideal for use in buildings where noise reduction is a priority. Other types of panels include those made from materials such as phenolic foam, polyvinyl chloride (PVC), and polystyrene. Each of these types has its own unique properties and advantages, making them suitable for different applications.
EPS Panels, PUR/PIR Panels, Mineral/Glass Wool Panels, Other in the Composite Insulated Panels - Global Market:
Composite Insulated Panels are used in a variety of areas including Building Wall, Building Roof, Cold Storage, and others. In Building Wall applications, these panels provide a lightweight, energy-efficient, and aesthetically pleasing solution. They are easy to install and offer excellent thermal performance, making them an ideal choice for both new construction and retrofit projects. In Building Roof applications, Composite Insulated Panels offer a durable, weather-resistant, and energy-efficient solution. They are also easy to install and require minimal maintenance, making them a cost-effective choice. In Cold Storage applications, these panels provide excellent thermal insulation, helping to maintain the required temperature and reduce energy consumption. Other applications of Composite Insulated Panels include their use in clean rooms, food processing plants, and other environments where hygiene and temperature control are critical.
Building Wall, Building Roof, Cold Storage, Others in the Composite Insulated Panels - Global Market:
The global Composite Insulated Panels market has shown significant growth in recent years. In 2022, the market was valued at US$ 7686 million and is expected to reach US$ 9607.3 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 3.2% during the forecast period of 2023-2029. The market is dominated by the top five manufacturers, who collectively hold a market share of about 55%. The largest market for Composite Insulated Panels is Europe, which holds a market share of about 40%, followed by North America with a market share of about 30%. In terms of product type, PUR/PIR Panels are the largest segment, holding a market share of about 40%. This data clearly indicates the significant role that Composite Insulated Panels play in the global construction industry.
Composite Insulated Panels - Global Market Outlook:
In conclusion, Composite Insulated Panels are a versatile and efficient building material that is widely used in a variety of applications. Their excellent thermal performance, ease of installation, and cost-effectiveness make them an attractive option for builders and architects. With the global market for these panels expected to continue its growth trajectory, the future looks bright for this innovative building system.
| Report Metric | Details |
| Report Name | Composite Insulated Panels - Market |
| Forecasted market size in 2029 | US$ 9607.3 million |
| CAGR | 3.2% |
| Forecasted years | 2023 - 2029 |
| Global Composite Insulated Panels market, by region: |
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| Global Composite Insulated Panels market, Segment by Type: |
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| Global Composite Insulated Panels market, by Application |
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| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
