These panels comprise of insulating foam core that is placed in the middle of two structural facings mostly made up of oriented strand boards (OSBs). Structural insulated panels are engineered panels used for residential and light commercial construction. These factors are anticipated to generate huge growth opportunities to boost the structural insulated panels market growth.Īccording to regional analysis, the North America structural insulated panels market accounted for $276.8 million in 2020 and is predicted to grow with a CAGR of 5.3% in the projected timeframe. Also, SIPs offer 50% more energy efficiency compared to traditional timber framing owing to minimal thermal bridging that helps in achieving net-zero ready building standards. SIPs are known for their exceptional thermal performance due to which they offer airtightness and unrivaled insulation. Hence, to install SIPs, additional panel or waterproof surface should be present which is anticipated to restrain the structural insulated panels market size in the upcoming years. Hence, they need special care and protection. For instance, SIPs can get damaged due to moisture. However, moisture resistance is one of the biggest limitations of structural insulated panels. They can be combined with various building materials such as steel, wood, stone, tiles, brick, block, slate, glass, and others. For instance, SIPs eliminate roof trusses, and they are superior to traditional wood framing as they are stronger and can handle dead loads of about 10 pounds per square foot (PSF). They are used as a replacement to traditional framing lumber and insulations owing to various benefits offered by SIPs. Structural insulated panels (SIPs) market is gaining huge demand as the panels are widely used in the construction of walls, roofs, and floor. The global structural insulated panels market size was $429.0 million in 2020 and is predicted to grow with a CAGR of 5.1%, by generating a revenue of $638.4 million by 2028. Global Structural Insulated Panels Market Analysis
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