Construction

Global Structural Insulated Panels Market Size Projected to Reach $0.56 Billion During the Forecast Period

November 13, 2025 by The Business Research Company

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By How Much Is The Structural Insulated Panels Market Expected To Expand Between 2025 And 2029?

The overall size of the market for structural insulated panels has experienced continuous upward movement over the past few years. Projections indicate that this valuation will increase from $0.45 billion in the year 2024 to reach $0.46 billion in 2025, reflecting a compound annual growth rate (CAGR) of 3.9%. This expansion seen during the review period is fundamentally due to escalating construction endeavors, a heightened need originating from cold storage infrastructure, the overall expansion of the e-commerce sector, and an increasing preference for environmentally sound building practices.

Anticipated for the near future is a consistent expansion in the scope of the structural insulated panels sector, projecting a valuation reaching $0.56 billion by the year 2029, underpinned by a compound annual growth rate (CAGR) of 4.7%; this upward trajectory through the projection timeline is fueled by escalating urbanization trends, an expanding residential housing domain, and augmented capital outlays directed towards infrastructure projects, while key developments shaping this period involve technological progress, the growing incorporation of structural insulated panels within modular building methodologies, a pronounced emphasis on eco-friendly construction and environmental responsibility, heightened levels of investment activity, the introduction of novel product offerings, and a rise in collaborative activities such as mergers and acquisitions.

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Which Drivers Are Impacting The Structural Insulated Panels Market?

The burgeoning focus on environmentally friendly construction practices is anticipated to be a significant catalyst for the expansion within the structural insulated panels sector. Given their excellent capacity for thermal resistance and insulation, these panel systems facilitate the regulation of internal building temperatures and humidity levels with reduced energy expenditure for climate control. To illustrate this commitment, the Canada Green Building Council, an entity established to champion sustainable construction methods, reported in February 2023 that Canada secured the third position worldwide in the 2022 ranking of the Top 10 Countries and Regions achieving LEED certification, having registered 248 projects spanning more than 5.3 million gross square meters (GSM) of LEED-certified space, thus showcasing a robust dedication to sustainability surpassing that of many other nations, which directly underpins the market acceleration for structural insulated panels due to the heightened importance placed on ecologically sound structures.

What Are The Major Segments Identified In The Structural Insulated Panels Market?

The structural insulated panels market covered in this report is segmented –

1) By Insulation Materials: Expanded Polystyrene (EPS) Panel, Rigid Polyurethane (PUR), Rigid Polyisocyanurate (PIR) Panel, Glass Wool, Stone Wool, Extruded Polystyrene Foam Panel, Other Insulation Materials

2) By Facing Material: Oriented Strand Board (OSB) Structural Insulated Panels, Magnesium Oxide (MGO) Board Structural Insulated Panels, Other Facing Materials

3) By Application: Walls And Floors, Roofs, Cold Storage

4) By End User: Residential, Non-Residential

Subsegments:

1) By Expanded Polystyrene (EPS) Panel: Standard EPS Panels, Enhanced EPS Panels

2) By Rigid Polyurethane (PUR): Standard Rigid PUR Panels, High-density PUR Panels

3) By Rigid Polyisocyanurate (PIR) Panel: Standard PIR Panels, High-performance PIR Panels

4) By Glass Wool: Standard Glass Wool Panels, High-density Glass Wool Panels

5) By Stone Wool: Standard Stone Wool Panels, Fire-resistant Stone Wool Panels

6) By Extruded Polystyrene Foam Panel: Standard XPS Panels, High-performance XPS Panels

7) By Other Insulation Materials: Cellulose Insulation Panels, Spray Foam Insulation Panels, Bio-based Insulation Materials

What Are The Latest Industry Trends Transforming The Structural Insulated Panels Market?

Key industry players within the structural insulated panels (SIPs) sector are currently directing their efforts toward innovations like integrating Building Information Modeling (BIM) software, aiming to boost energy performance and expedite construction timelines, thereby championing greener construction methodologies. BIM software functions as a sophisticated digital platform employed across the architecture, engineering, and construction (AEC) fields to streamline and automate the entire workflow encompassing building and infrastructure design, scheduling, and documentation. As a concrete illustration, in the initial month of 2022, ARKANCE LITHUANIA, a firm situated in Lithuania specializing in software development, introduced pioneering BIM software specifically engineered to automate the creation of designs and necessary paperwork for complete exterior building shells utilizing insulated sandwich panels directly within Autodesk Revit. This newly released software solution is anticipated to significantly elevate the output levels of both architectural and engineering professionals by taking over routine, time-consuming duties and guaranteeing adherence to established construction regulations.

Which Key Players Are Driving Competition In The Structural Insulated Panels Market?

Major companies operating in the structural insulated panels market include Owens Corning, Kingspan Group Plc, SSAB AB, KPS Global, Premier SIPs, Enercept Inc, Extreme Panel Technologies Inc., Isopan, Structural Panels Inc, All Weather Insulated Panels, Shandong Hark Steel Material Co Ltd, Shandong Wiskind Architectural Steel Co Ltd, Shandong Wiskind Steel Structure Co Ltd, Xiamen Yumi New Material Technology Co Ltd, Yantai Jedha Industrial and Trading Co Ltd, Golden Power (Fujian) Building Material Science Technology Co Ltd, Shree Shani Green Energy, Versiclad, EnviroSip, Solaris, Glosford SIPS, Self-Build, Metawell, Sipcon.House, SIPs, Sipeurope, ECSUS Design, Karmod, Tekhnostyl Group, Hotwell, EcoEuroDom, OrgTechStroy, SipMontage, Worsted, FischerSIPS, VIRMAK LLC, TechnoNIKOL, ACME Panel Company, Energy Panel Structures Inc, Foard Panel Inc, General Panel Corporation, Thermapan Structural Insulated Panels, Knight Wall Systems, Tafco, Sinopan, Isoeste, Xipre, Styropek, Arauco, Emirates Industrial Panel, TSSC Group, Sika AG, Qatar Steel Industries Factory, Dana Steel, Isotherm Insulation FZC, Zamil Steel, Al Shahin Metal Industries, Drycraeft, Ecostruct Panel Systems, New World Steel Construction, Panel Co South Africa, Isowall Group, Rockwool

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Which Region Currently Holds The Largest Share Of The Structural Insulated Panels Market?

North America was the largest region in the structural insulated panels market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the structural insulated panels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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