The global structural insula ted panels market size is projected to grow from USD 405 million in 2020 to USD 517 million by 2025, at a CAGR of 5.0% from 2020 to 2025. The market is projected to grow in accordance with the increase in the demand for residential and commercial construction across the globe. Furthermore, the Structural Insulated Panels Market has witnessed a significant increase in its demand, owing to the growth in the construction of green and energy-efficient buildings worldwide.
In terms of value & volume, OSB is estimated to lead the Structural Insulated Panels Market in 2019.
OSB, by facing material, accounted for the largest market share in the Structural Insulated Panels Market. It is widely used throughout the construction industry due to its excellent load-bearing capabilities. Additionally, since OSB can be manufactured from fast-growing, underutilized, and often less-expensive wood species, it represents an efficient use of raw materials. According to the
Structural Insulated Panels Market worth $517 Million by 2025 - Exclusive Report by MarketsandMarkets Structural Insulated Panels Market by Facing Material (OSB. MgO Board, and Others), Insulation Material (EPS, XPS, and Others), Application (Floor, Roof, and Wall), End Use (Residential, Non-Residential), and Region - Global Forecast to 2025 , published by MarketsandMarkets, the Structural Insulated Panels Market size is projected to grow from USD 405 million in 2020 to USD 517 million by 2025, at a CAGR of 5.0% from 2020 to 2025.
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The global structural insula ted panels market size is projected to grow from USD 405 million in 2020 to USD 517 million by 2025, at a CAGR of 5.0% from 2020 to 2025. The market is projected to grow in accorda