Global Structural Insulated Panels Market Research Report (2020 to 2026) - by Product and Region
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Global Structural Insulated Panels Market 2021 Trends, Market Share, Industry Size, Opportunities, Analysis and Forecast To 2026
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Amid the COVID-19 crisis, the global market for Structural Insulated Panels estimated at US$385.1 Million in the year 2020, is projected to reach a revised size of US$550.5 Million by 2027, growing at a CAGR of 5.2% over the analysis period 2020-2027. Glass Wool, one of the segments analyzed in the report, is projected to grow at a 5.6% CAGR to reach US$152.8 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Stone Wool segment is readjusted to a revised 5.3% CAGR for the next 7-year period. This segment currently accounts for a 15% share of the global Structural Insulated Panels market.
Global Building Panels Market to Reach $276.7 Billion by 2027
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Amid the COVID-19 crisis, the global market for Building Panels estimated at US$196 Billion in the year 2020, is projected to reach a revised size of US$276.7 Billion by 2027, growing at a CAGR of 5% over the analysis period 2020-2027. Concrete Panels, one of the segments analyzed in the report, is projected to record a 4.9% CAGR and reach US$99.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Vacuum Insulated Panels (VIP) segment is readjusted to a revised 5.1% CAGR for the next 7-year period.