Market Size of Metal-faced Insulated Panel Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 6.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Europe |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Metal-faced Insulated Panels Market Analysis
The metal-faced insulated panel market is estimated to witness healthy growth, at an estimated CAGR of over 6%, over the forecast period (2022-2027).
The COVID-19 pandemic had a negative impact on the market in 2020. However, the market has now reached pre-pandemic levels, and it is expected to grow at a steady pace in the forecast period.
- The major factors driving the growth of the market are the augmenting demand for insulated panels in the construction industry and the growing need for refrigerated and processed foods.
- Deformation in extreme weather conditions is likely to hinder the market's growth.
- Growing awareness in the Asia-Pacific region is likely to create opportunities for the market in the coming years.
- The European region is expected to dominate the market. The Asia-Pacific region is likely to witness the highest CAGR during the forecast period.
Metal-faced Insulated Panels Industry Segmentation
Metal-faced insulated panel contains various insulating materials, such as mineral wool, polyurethane/polyisocyanurate (PUR/PIR) foam, and polystyrene, which generally help in maintaining the temperature of the building while being used as a roof, wall, or ceiling panels, by preventing loss of heat from the buildings. The metal-faced insulated panel market is segmented by core material (blowing agents, polyurethane, polyisocyanurate, mineral wool, polystyrene, and phenolic), usage (internal and external), end-user industry (residential, commercial, industrial, and institutional and infrastructure), and geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for the metal-faced insulated panel market in terms of revenue (USD million) for all the above segments.
Core Material | |
Blowing Agents | |
Polyurethane (PU) | |
Polyisocyanurate (PIR) | |
Mineral Wool | |
Polystyrene (PS) | |
Phenolic (PF) |
Usage | |
Internal | |
External |
End-user Industry | |
Residential | |
Commercial | |
Industrial | |
Institutional and Infrastructure |
Geography | |||||||
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Metal-faced Insulated Panel Market Size Summary
The metal-faced insulated panel market is poised for robust growth, driven by increasing demand in the construction sector and the rising need for refrigerated and processed foods. The market, which experienced a downturn due to the COVID-19 pandemic, has rebounded to pre-pandemic levels and is expected to maintain a steady growth trajectory. Key drivers include the essential role of insulation materials in reducing energy consumption in industrial buildings and the expanding application of insulated panels in cold storage facilities. These facilities are crucial for extending the shelf life of various products, including agricultural produce, seafood, and pharmaceuticals, and are seeing increased demand due to changing consumer lifestyles and technological advancements. The expansion of retail food chains, such as Walmart's significant investment in China, further underscores the growing need for building insulation materials.
Regionally, the European market is anticipated to lead, while the Asia-Pacific region is expected to experience the highest growth rate. The Asia-Pacific construction sector, the largest globally, is expanding due to urbanization, rising middle-class incomes, and increased infrastructure activities. The entry of major European players into markets like China, India, and ASEAN countries is further propelling this growth. Despite challenges such as China's Evergrande debt issue, infrastructure and transportation sector growth in the region is expected to bolster the metal-faced insulated panels market. The market is partially fragmented, with key players including American Acoustical Products, CENTRIA, and Metl-Span, among others, actively shaping the competitive landscape.
Metal-faced Insulated Panel Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Augmenting Demand for Insulated Panels in the Construction Industry
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1.1.2 Growing Need for Refrigerated and Processed Foods
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1.2 Restraints
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1.2.1 Deformation in Extreme Weather Conditions
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Core Material
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2.1.1 Blowing Agents
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2.1.2 Polyurethane (PU)
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2.1.3 Polyisocyanurate (PIR)
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2.1.4 Mineral Wool
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2.1.5 Polystyrene (PS)
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2.1.6 Phenolic (PF)
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2.2 Usage
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2.2.1 Internal
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2.2.2 External
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2.3 End-user Industry
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2.3.1 Residential
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2.3.2 Commercial
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2.3.3 Industrial
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2.3.4 Institutional and Infrastructure
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2.4 Geography
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2.4.1 Asia-Pacific
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2.4.1.1 China
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2.4.1.2 India
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2.4.1.3 Japan
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2.4.1.4 South Korea
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2.4.1.5 Rest of Asia-Pacific
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2.4.2 North America
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2.4.2.1 United States
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2.4.2.2 Canada
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2.4.2.3 Mexico
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2.4.3 Europe
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2.4.3.1 Germany
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2.4.3.2 United Kingdom
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2.4.3.3 Italy
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2.4.3.4 France
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2.4.3.5 Rest of Europe
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle-East and Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 South Africa
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2.4.5.3 Rest of Middle-East and Africa
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Metal-faced Insulated Panel Market Size FAQs
What is the current Metal-faced Insulated Panel Market size?
The Metal-faced Insulated Panel Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Metal-faced Insulated Panel Market?
Kingspan Group, Cornerstone Building Brands, Owens Corning Insulating Systems, LLC and Nucor Building Systems are the major companies operating in the Metal-faced Insulated Panel Market.