Market research reports, consulting: Global Market Insights Inc.
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Structural Insulation Panels (SIP) Market Size - By Product, Sheathing Type, Application, End Use, Forecast, 2025 – 2034

Report ID: GMI2452
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Published Date: January 2025
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Report Format: PDF

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Structural Insulation Panels Market Size

The global structural insulation panels market size was valued at USD 593.1 million in 2024 and is estimated to grow at a CAGR of over 6.5% from 2025 to 2034, due to the increasing demand for energy-efficient and sustainable construction materials. Governments and regulatory bodies worldwide are implementing stringent energy codes and green building certifications, prompting builders to adopt high-performance materials like SIPs. The rapid urbanization and need for affordable housing have also spurred the adoption of these panels, given their ability to speed up construction while maintaining energy efficiency.
 

Structural Insulation Panels Market

Advancements in material technology and manufacturing processes have made SIPs more accessible and customizable, catering to diverse architectural needs. Furthermore, the growing awareness about reducing carbon footprints has shifted consumer and industrial preferences toward sustainable construction solutions, driving SIP market growth.
 

Structural Insulation Panels Market Trends

The SIPs industry is increasingly being shaped by technological advancements, including the development of eco-friendly core materials and improved bonding techniques. Manufacturers are integrating smart technology into SIPs, enabling better thermal performance and compatibility with modern building systems. Modular construction, which aligns well with SIPs, is gaining popularity due to its ability to streamline project timelines and reduce waste.
 

Sustainability remains at the forefront of market trends, with manufacturers emphasizing the use of recycled or bio-based materials. Additionally, the rising adoption of SIPs in retrofitting projects is opening new opportunities for market growth, particularly in regions with aging infrastructure.
 

Structural Insulation Panels Market Analysis

Manufacturers in the SIPs industry are focusing on optimizing production efficiency to meet the growing demand for customizable and high-quality panels. Innovations in design and manufacturing processes have allowed them to cater to varying regional needs, including climate-specific panels. Efforts to expand production capacities and establish local manufacturing units are also notable strategies to enhance supply chain efficiency and reduce costs.
 

Structural Insulation Panels Market Size, By Product Type, 2021 – 2034, (USD Million)

Based on Type, the structural insulation panels market is segmented into Glass Wool, Stone Wool, EPS, XPS, Phenolics, PU/PIR, Flexible Insulation. The EPS segment accounted for revenue of around USD 200.4 million in the year 2024 and is estimated to grow at a CAGR of around 7.4% from 2025 to 2034.
 

The growth of the EPS (Expanded Polystyrene) segment in the structural insulation panels industry is primarily driven by its exceptional thermal insulation properties, lightweight nature, and cost-effectiveness. EPS is widely used in residential, commercial, and industrial construction for energy-efficient building envelopes, as it helps reduce heating and cooling costs. The material’s durability, ease of installation, and recyclability further enhance its appeal in sustainable construction projects. Additionally, increasing government regulations promoting energy-efficient structures and green building practices have significantly bolstered the demand for EPS in developed and developing regions alike.
 

Another major factor contributing to the growth of the EPS segment is the rising adoption of prefab and modular construction methods. These techniques often utilize EPS for its excellent structural strength and insulation capabilities, streamlining the construction process while maintaining high performance. The growing construction activities in emerging economies, coupled with advancements in EPS technology for improved fire resistance and moisture control, are expected to sustain its demand. Furthermore, the expansion of infrastructure development projects and retrofitting initiatives globally has created a steady market for EPS-based insulation panels.
 

Structural Insulation Panels Market Revenue Share, By Application, (2024)

Based on the application, the structural insulation panels market is categorized as Walls, Roofs, and Floors. The walls segment held around 61.8% of the total market share in 2024 and is anticipated to grow at a CAGR of 7% from 2025 to 2034. The roofs segment is expected to grow at a CAGR of 5.9% from 2025 to 2034.
 

The growing focus on energy-efficient construction practices and the need to comply with stringent building codes are driving the adoption of insulated wall panels. Their ability to minimize heat transfer, reduce energy consumption, and provide long-term durability makes them a preferred choice in both new constructions and retrofitting projects.
 

The demand for sustainable construction materials that offer quick installation and reduced labor costs is further propelling the market. Advances in material technology, such as improved fire resistance and moisture control in insulation panels, are also enhancing their suitability for diverse climatic conditions. Moreover, the rising trend of modular and prefab construction is expected to boost the demand for structural insulation panels in wall applications, as they align perfectly with the industry's need for efficient and eco-friendly building solutions.
 

U.S. Structural Insulation Panels Market Size, 2021 – 2034, (USD Million)

The U.S. structural insulation panels market was valued at USD 162.1 million in 2024 and is estimated to grow at a CAGR of over 7.1% through 2034. The U.S. SIPs industry benefits from increasing federal incentives for energy-efficient buildings, making SIPs a preferred choice for contractors. Builders are leveraging these panels to meet stringent state-specific building codes, particularly in areas prone to extreme weather. The construction industry’s focus on modular and prefabricated buildings aligns seamlessly with SIPs, driving adoption further.
 

The rising demand for sustainable housing in urban and suburban areas has positioned SIPs as an essential material for modern construction. Homebuyers' emphasis on energy savings and thermal comfort has increased the popularity of SIPs in residential construction. Additionally, the U.S. government’s emphasis on net-zero energy buildings is spurring further growth.
 

North America: In terms of the country, U.S. leads the structural insulation panels market, commanding a significant share of approximately 76.5%. Strong consumer awareness about the long-term cost benefits of SIPs, including reduced energy consumption, is driving market penetration. Builders are increasingly using SIPs in large-scale projects like schools and commercial complexes, where energy efficiency is critical.
 

In Canada, the focus on energy-efficient buildings under the National Energy Code for Buildings has bolstered the demand for SIPs. The country’s cold climate has accelerated the adoption of SIPs for superior thermal insulation. Rising investments in green building projects and a growing preference for sustainable materials further support market growth.
 

Asia Pacific: The Asia Pacific structural insulation panels industry with a market share of around 31.1% in 2024 and anticipated to grow with a CAGR of around 5.8% from 2025 to 2034.
 

In terms of country, China's structural insulation panels industry held a share of 34.1% in 2024, with a notable growth rate of around 7.7% from 2025 to 2034. China’s rapid urbanization and ambitious infrastructure projects have created a burgeoning market for SIPs. The government’s initiatives to promote green building standards and energy conservation are key drivers. Additionally, growing awareness about SIPs' benefits, such as energy savings and reduced construction time, is fueling their adoption in both residential and commercial sectors.
 

Structural Insulation Panels Market Share

Structural Insulation Panels Company Market Share Analysis, 2024

In 2024, key companies including Kingspan Group, Cornerstone Building Brands, Owens Corning, PFB Corporation, and Rautaruukki Corporation, held a combined market share of 28-32%. Manufacturers are prioritizing research and development to innovate high-performance SIPs with enhanced thermal insulation and durability. Developing cost-effective manufacturing processes to reduce the price barrier for end-users remains a focal point. Customization and regional adaptations are being emphasized to cater to diverse architectural styles and climate conditions.
 

Strategic collaborations with builders, contractors, and developers are enabling manufacturers to promote the advantages of SIPs and expand their market reach. Efforts to enhance distribution networks and strengthen their presence in emerging markets are helping manufacturers maintain a competitive edge.
 

Structural Insulation Panels Market Companies

Major players operating in the structural insulation panels industry are:

  • ACME PANEL
  • Cornerstone Building Brands
  • Eagle Panel Systems, Inc.
  • Enercept Inc.
  • Foam Laminates
  • Foard Panel Inc.
  • Future Building of America
  • Kingspan Group
  • Lattonedil Spa Milano
  • METECNO
  • Owens Corning
  • PFB Corporation
  • Rautaruukki Corporation
  • T Clear Corporation
  • The Murus Company
     

Structural Insulation Panels Industry News

  • In June 2022, Owens Corning acquired WearDeck, a Florida-based manufacturer of composite decking and structural lumber. This acquisition aims to enhance Owens Corning's portfolio of weather-resistant decking and lumber products while expanding its expertise in commercial and residential applications.
     
  • In July 2021, Owens Corning acquired Vliepa GmbH, a company specializing in printing, finishing, and coating papers, films, and nonwovens for the construction industry. This acquisition expands Owens Corning's global nonwoven portfolio, enhancing its ability to serve European clients and drive growth in the region's building and construction applications.
     

This structural insulation panels (SIP) market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) & volume (Thousand Square Meters) from 2021 to 2034, for the following segments:

Market, By Product Type

  • Glass Wool
  • Stone Wool
  • EPS
  • XPS
  • Phenolics
  • PU/PIR
  • Flexible Insulation

Market, By Sheathing Type

  • Oriented Strand Board (OSB)
  • Sheet Metal
  • Plywood
  • Others

Market, By Application

  • Walls
  • Roofs
  • Floors

Market, By End-Use

  • Residential
  • Commercial
  • Non-Building

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Malaysia    
    • Indonesia 
  • Latin America
    • Brazil
    • Mexico 
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa

 

Authors: Avinash Singh, Sunita Singh
Frequently Asked Question(FAQ) :
Who are the major players in the structural insulation panels market?
The key players in the industry include ACME PANEL, Cornerstone Building Brands, Eagle Panel Systems, Inc., Enercept Inc., Foam Laminates, Foard Panel Inc., Future Building of America, Kingspan Group, Lattonedil Spa Milano, METECNO, Owens Corning, PFB Corporation, Rautaruukki Corporation, T Clear Corporation, and The Murus Company.
What is the size of the U.S. structural insulation panels industry?
How big is the structural insulation panels market?
Why is the adoption of insulated wall panels increasing?
Structural Insulation Panels Market Scope
  • Structural Insulation Panels Market Size
  • Structural Insulation Panels Market Trends
  • Structural Insulation Panels Market Analysis
  • Structural Insulation Panels Market Share
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    Premium Report Details

    Base Year: 2024

    Companies covered: 15

    Tables & Figures: 100

    Countries covered: 19

    Pages: 180

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