DataString Consulting Company Logo
DataString Consulting Company Logo
Structural Insulated Panels Market
Home»Recent Reports»Structural Insulated Panels Market

Structural Insulated Panels Market

Author: Vineet Pandey - Business Consultant, Report ID - DS1701010, Published - December 2024

Segmented in Product Type (Residential Structural Insulated Panels, Commercial Structural Insulated Panels), Material Type (Polystyrene, Polyurethane, Other Materials), Application, End User and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

Share this report:

Global Structural Insulated Panels
Market Outlook

Structural Insulated Panels (known as SIPs in the industry) have quickly become a game changer in the construction field by transforming how buildings are planned and constructed effectively and efficiently. The market, for Structural insulated panels was estimated at $26.4 billion in 2024. It is anticipated to increase to $40.1 billion by 2030 with projections indicating a growth to around $56.7 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 7.2% over the forecast period. These panels mark a change, by introducing a unique combination of sustainability and energy efficiency to tackle the crucial global challenge of conservating energy resources.


Structural Insulated Panels are a top tier building system that provides a solution for insulating and building walls as well, as ceilings and floors efficiently and effectively.


Market Size Forecast & Key Insights

2019
$26.4B2024
2029
$52.9B2034

Absolute Growth Opportunity = $26.5B

The Structural Insulated Panels market is projected to grow from $26.4 billion in 2024 to $52.9 billion in 2034. This represents a CAGR of 7.2%, reflecting rising demand across Residential Construction, Cold Storage and Commercial Construction.

The Structural Insulated Panels market is set to add $26.5 billion between 2024 and 2034, with manufacturer targeting Polyurethane & Other Materials Material Type projected to gain a larger market share.

With Growing demand for energy-efficient buildings, and Technological innovations, Structural Insulated Panels market to expand 100% between 2024 and 2034.

Opportunities in the Structural Insulated Panels Market

Underserved Cold Storage Market

The cold storage sector plays a role in industries such as pharmaceutical and perishable goods by necessitating insulated building structures; however; the use of Structural Insulated Panels (SIP) remains largely unexplored, in this field.

Rising Energy Efficiency Needs and Growth in Prefabricated Structures

With growing worries about energy wastage and environmental harm becoming more prevalent in society today both consumers and construction professionals are shifting their focus towards energy building options. Structural Insulated Panels (known as SIPs) which offer thermal insulation properties have become an appealing choice in this evolving landscape. As a greater emphasis is placed by institutions and businesses on adopting sustainable approaches it is expected that there will be an increasing desire for these energy saving panels, in the future.

The rise of prefabricated buildings is gaining popularity because of their ability to save time and money efficiently. Structural Insulated Panels are becoming increasingly popular in this trend as they offer an simple construction process that align well with the demand for affordable housing solutions, in todays market.

Growth Opportunities in North America and Europe

Europe Outlook

The SIP market in Europe is driven by a growing awareness among consumers about saving energy and strict EU regulations on the energy efficiency of buildings leading to competition among global companies and small businesses alike. The market presents opportunities in the growing trend towards zero buildings and the surge, in renovation projects aimed at improving the energy efficiency of older structures.

North America Outlook

In North America's market for Structural Insulated Panels (SIPs) there is a rise in demand driven by strict energy efficiency regulations and a growing focus on eco friendly construction practices. The competitive environment features major companies alongside numerous creative startups. With changing building regulations and an increased emphasis on energy building practices the market is predicted to offer ample opportunities, for both current industry players and newcomers entering the field.

North America Outlook

In North America's market for Structural Insulated Panels (SIPs) there is a rise in demand driven by strict energy efficiency regulations and a growing focus on eco friendly construction practices. The competitive environment features major companies alongside numerous creative startups. With changing building regulations and an increased emphasis on energy building practices the market is predicted to offer ample opportunities, for both current industry players and newcomers entering the field.

Europe Outlook

The SIP market in Europe is driven by a growing awareness among consumers about saving energy and strict EU regulations on the energy efficiency of buildings leading to competition among global companies and small businesses alike. The market presents opportunities in the growing trend towards zero buildings and the surge, in renovation projects aimed at improving the energy efficiency of older structures.

Growth Opportunities in North America and Europe

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : United States, China, Germany, United Kingdom, Japan are expected to grow at 4.7% to 6.9% CAGR

2

Emerging Markets : India, Mexico, South Africa are expected to grow at 8.3% to 9.9% CAGR

Market Analysis Chart

The market for Structural Insulated Panels has experienced expansion in the past few years due t o various reasons. One such reason is the increasing need for energy buildings and infrastructure. SIP s have thermal resistance making them a beneficial construction material, for eco friendly structures. Furthermore SIP s provide time saving options compared t o conventional construction techniques, thanks t o their simple handling and installation process, which further boosts their market appeal.

Recent Developments and Technological Advancement

December 2024

EuroPanels introduced a line of environmentally friendly Structural Insulated Panels (known as SIPs) boasting enhanced insulation features.

November 2024

Premier SIPS has come up with a groundbreaking manufacturing technique that cuts down production time by 25%.

September 2024

Kingspan significantly broadened its reach in Latin America by extending its services. This move aims to enhance the availability and market penetration of Structural Insulated Panels in developing economies.

Structural Insulated Panels are becoming increasingly popular, in the construction sector because of their energy features! These panels are crafted to serve as a dual purpose system – providing both support and insulation – resulting in better energy efficiency while also reducing construction timelines when compared to older conventional methods.

Impact of Industry Transitions on the Structural Insulated Panels Market

As a core segment of the Building & Construction industry, the Structural Insulated Panels market develops in line with broader industry shifts. Over recent years, transitions such as Shift Towards Green Building Practices and Rising Popularity of Prefabricated Construction have redefined priorities across the Building & Construction sector, influencing how the Structural Insulated Panels market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Shift Towards Green Building Practices:

The increased demand for energy efficiency and a smaller environmental impact has led to a change in the construction industry towards utilizing structural insulated panels (SIP). Serving as a substitute for building materials SIP offers enhanced insulation that helps decrease energy consumption in homes and businesses alike. This shift has created avenues for expansion, in the market as constructors and property owners look for sustainable options.

2

Rising Popularity of Prefabricated Construction:

One significant shift in the industry involves the increasing trend of prefabricated construction. This method entails producing building components in a factory and later transporting them to the construction site, for assembly.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Building & Construction industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Building & Construction industry cascade into the Structural Insulated Panels market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Growing Demand for Energy-Efficient Buildings, and Surging Construction Industry

The increasing demand, for energy buildings also serves as a strong catalyst propelling the growth of the Structural Insulated Panels market upwards. These panels outstanding thermal efficiency helps heating and cooling expenses reinforcing structures energy efficiency and environmental friendliness.
The rapid growth of the construction industry globally in commercial areas is also significantly driving the expansion of the Structural Insulated Panels market. There is also a rising demand for these panels due to the growing number of construction projects and the increasing focus, on fast construction methods.
Advancements in technology are also boosting the adoption of Structural Insulated Panels. Thanks to improvements in design software and cutting edge manufacturing techniques these panels can also be customized to suit any style now. Their swift and efficient installation process is also fuelinG their popularity, in both residential construction ventures.

Restraint: High Cost of SIPs

While Structural Insulated Panels offer energy efficiency and save time during construction compared with materials; their higher price tag can deter many potential customers. Especially in developing economies where cost is a significant concern for individuals and construction firms alike reluctant due mainly due the substantial upfront costs involved in transitioning towards SIP usage that poses a notable obstacle market expansion, for SIP adoption.

Challenge: Inadequate Awareness & Knowledge

Many individuals and organizations lack awareness and understanding of the benefits that SIP technology provides due in part because of their familiarity with building materials and methods which makes them hesitant, towards embracing new approaches.

Supply Chain Landscape

Raw Material Procurement

BASF

DOW Chemical Company

Panel Production

Kingspan Group

Nohara Group

Panel Distribution
SIP Supply / SIPS Eco Panels
End-User Applications
Construction Industry / Packaging Industry
Raw Material Procurement

BASF

DOW Chemical Company

Panel Production

Kingspan Group

Nohara Group

Panel Distribution

SIP Supply

SIPS Eco Panels

End-User Applications

Construction Industry

Packaging Industry

Banner LogoBanner Logo

Leading Providers and Their Strategies

Application AreaIndustryLeadingProvidersProvider Strategies
Residential Construction
Construction and Housing
Murus Structural Insulated Panels
Emphasizes product customization and diverse solutions including basement, rooftop, and other specialized panels. This firm aims at pushing the limits of thermal efficiency with its products.
Commercial Buildings
Architecture and Building Design
Enercept, Inc.
This provider prides itself on providing panels suitable for virtually any building design, thus catering to a wide range of architectural styles and commercial applications, with a focus on energy efficiency, and temperature control.
Specialty Applications (Cold Storage and Soundproofing)
Refrigeration, Soundproofing and Industrial
Premier SIPs
Premier SIPs offers the flexibility of accommodating specialty applications, including cold storage warehouses and soundproofing needs, while also focusing on providing high performing and energy efficient solutions.

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Structural Insulated Panels market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Structural Insulated Panels in Residential Construction, Cold Storage and Commercial Construction

Residential Construction

Structural Insulated Panels (SIPs) are commonly employed in constructions for creating energy efficient houses with effective insulation that minimizes heat loss and decreases energy expenses for homeowners. Leading companies, like Kingspan Group and Murus are well regarded in this field for their SIP solutions tailored for environmentally aware individuals building homes.

Cold Storage

The popularity of Structural Insulated Panels (SIP) is increasing in the construction of cold storage facilities well. Their excellent insulation properties play a role in preserving a consistently cool environment which is essential for food storage and pharmaceutical purposes. Key industry players such as Eagle Panel Systems and Extreme Panel Technologies are frontrunners, in providing SIP solutions tailored for cold storage requirements.

Commercial Construction

Structural Insulated Panels (or SIP) are becoming increasingly popular in commercial spaces such as office buildings and educational institutions like schools and hospitals due their rapid installation process and exceptional thermal properties along with great sound insulation features noted as advantages of using SIP technology in commercial construction industry by well known companies like Enercept and Premier Building Systems who are leading the way, in incorporating SIP technology into commercial building projects.

Structural Insulated Panels vs. Substitutes:
Performance and Positioning Analysis

Structural Insulated Panels provide insulation and strength than standard wood framing and insulation techniques standing out in the market for their eco friendly construction features and potential growth prospects driven by the increasing demand, for energy efficiency.

Structural Insulated Panels
  • Traditional wood frame construction /
  • Insulated Concrete Forms (ICFs)
    High energy efficiency, Quick and easy installation
    Limited design flexibility, Difficulty in modifying or repairing after installation
    High energy efficiency, cost-effective due to less time and labor requirements for installation
    Limitations in design flexibility, relatively high upfront

Structural Insulated Panels vs. Substitutes:
Performance and Positioning Analysis

Structural Insulated Panels

  • High energy efficiency, Quick and easy installation
  • Limited design flexibility, Difficulty in modifying or repairing after installation

Traditional wood frame construction / Insulated Concrete Forms (ICFs) / Advanced Framing Techniques (AFTs)

  • High energy efficiency, cost-effective due to less time and labor requirements for installation
  • Limitations in design flexibility, relatively high upfront

Structural Insulated Panels provide insulation and strength than standard wood framing and insulation techniques standing out in the market for their eco friendly construction features and potential growth prospects driven by the increasing demand, for energy efficiency.

Loading...

Research Methodology

This market research methodology defines the Structural Insulated Panels market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Building & Construction ecosystem, we analyze Structural Insulated Panels across Building and Construction, Cold Storage, and Others Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:

• NAICS - Economic Statistics (US, Canada)

Annual Reports / Industry Magazines / Country Level Ministerial Sources

DnB / Factiva / Hoovers / Financial Reports

Interviews of Industry Stake Holders

Industry Views of Consultants

DataString Database

We benchmark competitors such as Kingspan Group, Extreme Panel Technologies Inc, and Eagle Panel Systems Inc by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Raw Material Procurement, Panel Production, and Panel Distribution. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Building & Construction revenues to estimate the Structural Insulated Panels segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Raw Material Procurement (BASF, DOW Chemical Company), Panel Production (Kingspan Group, Nohara Group), and Panel Distribution. Our parallel substitute analysis examines Traditional wood frame construction, Insulated Concrete Forms (ICFs), and Advanced Framing Techniques (AFTs), highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as Kingspan Group, Extreme Panel Technologies Inc, and Eagle Panel Systems Inc, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Structural Insulated Panels market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

rm

Structural Insulated Panels Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 28.3 billion
Revenue Forecast in 2034USD 52.9 billion
Growth RateCAGR of 7.2% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 202426.4 billion
Growth OpportunityUSD 26.5 billion
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 202426.4 billion USD
Market Size 202732.5 billion USD
Market Size 202937.4 billion USD
Market Size 203040.1 billion USD
Market Size 203452.9 billion USD
Market Size 203556.7 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredProduct Type, Material Type, Application, End User
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledKingspan Group, Extreme Panel Technologies Inc, Eagle Panel Systems Inc, T. Clear Corporation, Enercept Inc, Foard Panel Inc, Green Span Profiles, J-Deck Inc, ACME Panel Company, The Murus Company, Future Building of America Corporation and SIP Building Systems Ltd
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

Explore Report Features and Data Packages

Industry Insight Report

$ 4200
Unlock Multi-User Access for just $999 more
i
No Payment Before Report Delivery
Flexible Payment Options
Additional Features
Customization Available
i
Excel Data Pack Included
Free Analyst Support
i
Industry Expert-Validated Insights
100% Confidentiality Guaranteed
Fast Delivery (24–72 hours)
i
Get Report Now

Strategic Growth Advisory

Unrivaled Custom Market Intelligence & Strategic Advisory for Business Growth and Competitive Excellence

  • Assess and prioritize high-value markets with precision
  • Craft tailored entry and expansion roadmaps
  • De-risk investments through rigorous market intelligence
  • Architect dynamic pricing frameworks aligned to value creation
  • Unlock sustainable margin enhancement opportunities
  • Benchmark performance against global industry leaders
  • Strategically realign portfolios to future growth drivers
  • Accelerate commercialization of breakthrough offerings
  • Harness market foresight and technology shifts to fuel innovation

Discover our Strategic Growth Advisory Services »

Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Structural Insulated Panels Market Size, Opportunities & Strategic Insights, by Product Type

4.1Residential Structural Insulated Panels
4.2Commercial Structural Insulated Panels
Chapter 5

Structural Insulated Panels Market Size, Opportunities & Strategic Insights, by Material Type

5.1Polystyrene
5.2Polyurethane
5.3Other Materials
Chapter 6

Structural Insulated Panels Market Size, Opportunities & Strategic Insights, by Application

6.1Walls
6.2Roofs
6.3Floors
Chapter 7

Structural Insulated Panels Market Size, Opportunities & Strategic Insights, by End User

7.1Building and Construction
7.2Cold Storage
7.3Others
Chapter 8

Structural Insulated Panels Market, by Region

8.1North America Structural Insulated Panels Market Size, Opportunities, Key Trends & Strategic Insights
8.1.1U.S.
8.1.2Canada
8.2Europe Structural Insulated Panels Market Size, Opportunities, Key Trends & Strategic Insights
8.2.1Germany
8.2.2France
8.2.3UK
8.2.4Italy
8.2.5The Netherlands
8.2.6Rest of EU
8.3Asia Pacific Structural Insulated Panels Market Size, Opportunities, Key Trends & Strategic Insights
8.3.1China
8.3.2Japan
8.3.3South Korea
8.3.4India
8.3.5Australia
8.3.6Thailand
8.3.7Rest of APAC
8.4Middle East & Africa Structural Insulated Panels Market Size, Opportunities, Key Trends & Strategic Insights
8.4.1Saudi Arabia
8.4.2United Arab Emirates
8.4.3South Africa
8.4.4Rest of MEA
8.5Latin America Structural Insulated Panels Market Size, Opportunities, Key Trends & Strategic Insights
8.5.1Brazil
8.5.2Mexico
8.5.3Rest of LA
8.6CIS Structural Insulated Panels Market Size, Opportunities, Key Trends & Strategic Insights
8.6.1Russia
8.6.2Rest of CIS
Chapter 9

Competitive Landscape

9.1Competitive Dashboard & Market Share Analysis
9.2Company Profiles (Overview, Financials, Developments, SWOT)
9.2.1Kingspan Group
9.2.2Extreme Panel Technologies Inc
9.2.3Eagle Panel Systems Inc
9.2.4T. Clear Corporation
9.2.5Enercept Inc
9.2.6Foard Panel Inc
9.2.7Green Span Profiles
9.2.8J-Deck Inc
9.2.9ACME Panel Company
9.2.10The Murus Company
9.2.11Future Building of America Corporation
9.2.12SIP Building Systems Ltd