Metal Structural Insulation Panels Market – Key Drivers, Industry Analysis & Forecast
Category: #business  By Rahul Varpe  Date: 2022-11-24
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Metal Structural Insulation Panels Market – Key Drivers, Industry Analysis & Forecast

The metal structural insulation panels market is poised to grow expeditiously between 2022 and 2028 owing to the burgeoning demand for high-performance and energy-efficient structural panels. Additionally, increasing focus on sustainability and surging demand for green infrastructure are likely to further support market growth through the forecast period.

Recently, industry players have been extending their offerings to include sustainable solutions, thereby improving the product scenario. For instance, in March 2022, Kingspan Group, a leading provider of advanced insulation solutions, supplied its reclaimed KS1000 RW Trapezoidal Roof Panels to a restaurant business called Wild & Native. The company installed the steel-faced PIR core insulated panels on the restaurant’s roof to provide thermal and structural rigidity.

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In another instance, in February 2022, Tata Steel, a leading player in steel sector, introduced an innovate portable steel-made prefabricated cabin, called Mobinest. Mobinest offers easy installation and flexible mobility and has been commonly installed at offsite workspaces to help construction, mining, and manufacturing companies. The emergence of COVID-19 has particularly sped up the adoption of Mobinest since it serves as isolation and quarantine cabins against the pandemic.

The global metal structural insulation panels market has been bifurcated based on application, end-use, and region. In terms of application, the overall market has been split into roof and walls. Among the two, the roof application segment is estimated to be valued at above USD 2 billion by 2028, driven by rising number of product launches. Additionally, growing penetration of metal insulated panels in non-building spaces is also estimated to facilitate segmental growth in the coming years.

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By end-use, the metal structural insulation panels market has been fragmented into commercial, residential, and non-building. The non-building end-use segment leads the market and is projected to generate more than USD 28 billion in revenue by the end of the study timeframe. Rapidly growing worldwide demand for temperature-controlled storage spaces is speculated to drive segmental adoption in the forthcoming years.

From the regional perspective, the Middle East and Africa metal structural insulation panels market is estimated to reach a valuation of over USD 6 billion by 2028. Increasing awareness regarding building insulations, along with a dramatic growth in infrastructure development across MEA, is primed to fuel regional market growth in the future.

The region of Middle East and North Africa is witnessing a significant rise in demand for green infrastructure amidst dramatically scaling temperatures. According to the EU Institute for Security Studies, the region is likely to experience a surge in temperature of up to 20C from 2021 to 2039, with a possible spike of around 2.50C during summer or autumn which is expected to propel demand for insulated infrastructure.

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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