U.S. and Mexico Insulated Panels Market Outlook 2026 Opportunity and Growth Analysis with Top Key Vendors
U.S. and Mexico Insulated Panels
Market Report, published by KD Market
Insights, forecasts that this market was valued at $633.7 million in 2018
and is estimated to reach $1,011.8 million by 2026, growing at a CAGR
of 5.9% from 2019 to 2026.
Insulated panels are prefabricated
high-performance structures used in the construction of walls, floors,
ceilings, and roofs. The use of insulated panels in the construction industry
replaces the conventional stick frame construction. These panels are preferred
over conventional building material as they provide high performance and green
building qualities, which help in saving the construction time, money, and
labor. Insulated panels are manufactured by sandwiching an insulated foam
between two skin layers. Polyurethane and polystyrene are some of the commonly
used insulated foam materials in insulated panels.
Cold storage is a major end use of insulated
panels, as the demand for cold storage for frozen poultry & meat, ice-cream
& dairy products, frozen fruits & vegetables, and chemical storage is
increasing due to rapid industrialization in the Mexico region.
The factors driving the growth of the U.S. and
Mexico insulated panels market include high-paced urbanization and
globalization and increase in demand for refrigerated vehicles and cold storage
containers. However, vulnerability to pests and susceptibility to moisture are
expected to hamper the structure of insulated panels. As a result, this factor
is expected to restrain the growth of the market. The eco-friendly nature of
insulating panels is expected to provide a major opportunity for market
expansion.
The U.S. and Mexico insulated panels market is
segmented based on foam type, skin material, end-use industry and country.
Based on foam type, the market is segmented into polyurethane foam,
polystyrene, and others.
The polystyrene material-based insulated
panels market is anticipated to witness swift growth owing to its excellent
properties such as high-insulation, fire resistance, moisture and chemical
inertness, lightweight nature, and high compressive strength compared to other
foam types.
On the basis of skin material, the market is
segmented into steel—steel, steel—cardboard, cardboard—cardboard, and others.
The steel—steel insulated panels segment is projected to dominate the other
segments, owing to its high strength, and corrosion resistance, which increases
the life span of the overall insulating panel.
Based on the end-use industry, the market is
divided into construction, warehouses, cold storage, and others. Cold storage
is expected to register the highest CAGR during the analysis period, owing to
the rapid growth in supermarket, convenience stores, butchery, and processing
area in various food industries and restaurants. Increase in use of insulated
panels in cold storage and other distribution channels is expected to offer
growth to the market.
Browse Full Report & TOC: https://www.kdmarketinsights.com/product/us-and-mexico-insulated-panels-market-amr
Key Findings of U.S. and Mexico
Insulated Panels market:
- The polyurethane segment accounted for a
share of nearly 31% in the U.S. and Mexico Insulated Panels market in 2018.
- The cold storage segment is anticipated to grow with the highest CAGR throughout the forecast period.
- In U.S. and Mexico insulated panels market share, Mexico accounted for more than 35% of the U.S. and Mexico insulated panels market in 2017.
- The Mexico is anticipated to grow at the highest rate in the U.S. and Mexico insulated panels market during the forecast period, followed by U.S.
- In U.S. and Mexico insulated panels market size, the U.S. accounted for $414.5 million in 2018 and is anticipated to reach $650.3 million by 2026, growing with a CAGR of 5.7% during the forecast period.
- The cold storage segment is anticipated to grow with the highest CAGR throughout the forecast period.
- In U.S. and Mexico insulated panels market share, Mexico accounted for more than 35% of the U.S. and Mexico insulated panels market in 2017.
- The Mexico is anticipated to grow at the highest rate in the U.S. and Mexico insulated panels market during the forecast period, followed by U.S.
- In U.S. and Mexico insulated panels market size, the U.S. accounted for $414.5 million in 2018 and is anticipated to reach $650.3 million by 2026, growing with a CAGR of 5.7% during the forecast period.
The key players profiled in this report
include Centria, All Weather Insulated Panels, Butler Manufacturing, Laminators
Inc., Advanced Insulation Concepts Inc., Alply Inc., Green Span Profiles,
Industrias Unypanel SA DE CV, Metecno SPA, and Ecostruct Panel Systems.
In order to stay competitive in the market,
these market players are adopting strategies such as product launch and
business expansion. In an instance, All Weather Insulated Panels launched
OneDek insulated panel wall systems. On February 2018, Centria launched
Formwall insulated panels with halogen free foams to enhance its product
portfolio. On August 2016, Centria launched MetalWrap Integrated series and
Long span series, further expanding its insulated composite backup panels.
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