The U.S. and Mexico insulated panels 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 high-performance building components used in the construction of walls, roofs, floors, cold rooms, and refrigerated vehicles bodies to improve energy management. These panels are one of the replacements for conventional stick frame construction, and are manufactured by sandwiching a rigid foam insulation material between two panels. The rigid foam insulation material is developed from polymers such as polyurethane and polystyrene. The lamination process makes use of industrial adhesives, which help to bind the rigid foam insulation material to the wooden structure. Adoption of insulating panels is advantageous as they offer better energy management, improved durability, faster construction, fire resistant, and better acoustical & vibration control at an economical cost.
Governing and regulatory bodies play a critical role in building or inhibiting the growth of any market in a region. The regulatory framework associated with the U.S. and Mexico insulated panels market mainly focuses on legal and environmental aspects such as thermal insulation performance and use of formaldehyde free insulating panels Specifications such as weight, design flexibility, energy savings, load resistance, fire resistance, and sound proofing are few areas where regulation frameworks are used. One of the major priorities of the legal regulatory framework in Mexico is the protection and security of the city in case of emergency or any situation that poses a risk to the population. This legal framework includes architectural requirements for the free transit of persons with disabilities, structural design, and construction of buildings using insulated panels, advertisement hoardings, and cellular telephone antennas and energy conservation.
Some of the regulations include the double panel, supplied with reinforcement certified by an official Laboratory in conformity with the Law 5/11/1971 no.1086 - D.M. 9/1/1996, complies with the provisions concerning reinforced concrete structures according to the EUROCODE 2 (EC2). Such regulations are expected to have positive impact as it provides legal and environmental benefits to the consumers of insulating panels market. With the implementation of such regulations, it is expected that the market for U.S. and Mexico insulated panels will increase significantly.
Urbanization and globalization are some of the major driving factors of the U.S. and Mexico insulated panels market. Furthermore, surge in demand for refrigerated vehicles and cold storage containers, for shipping food and other edible products will further fuel the market growth. Insulated panels have enough structural integrity to bear load. They can also be used to replace several individual elements that are usually layered together to form the walls of building. However, formation of burrows in the insulating panels by pests, such as insects and rodents will pose a severe threat to the market growth and acts as a major restraint. Moreover, damage due to moisture leading to leakage in insulated panels hinders the market growth. Eco-friendly characteristics of insulating panels present numerous growth opportunities for market expansion.
The U.S. and Mexico insulated panels market is segmented based on the foam type, skin material, end-use industry, and country. Based on foam type, the market is divided into polyurethane foam, polystyrene, and others. On the basis of skin material, the market is classified into steel - steel, steel - cardboard, cardboard - cardboard, and others. By end-use industry, the market is categorized into construction, warehouses, cold storage, and others.
The key players operating in this market are 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.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Foam type
By Skin Material
By End-Use Industry
By Country
Some of the regulations include the double panel, supplied with reinforcement certified by an official Laboratory in conformity with the Law 5/11/1971 no.1086 - D.M. 9/1/1996, complies with the provisions concerning reinforced concrete structures according to the EUROCODE 2 (EC2). Such regulations are expected to have positive impact as it provides legal and environmental benefits to the consumers of insulating panels market. With the implementation of such regulations, it is expected that the market for U.S. and Mexico insulated panels will increase significantly.
Urbanization and globalization are some of the major driving factors of the U.S. and Mexico insulated panels market. Furthermore, surge in demand for refrigerated vehicles and cold storage containers, for shipping food and other edible products will further fuel the market growth. Insulated panels have enough structural integrity to bear load. They can also be used to replace several individual elements that are usually layered together to form the walls of building. However, formation of burrows in the insulating panels by pests, such as insects and rodents will pose a severe threat to the market growth and acts as a major restraint. Moreover, damage due to moisture leading to leakage in insulated panels hinders the market growth. Eco-friendly characteristics of insulating panels present numerous growth opportunities for market expansion.
The U.S. and Mexico insulated panels market is segmented based on the foam type, skin material, end-use industry, and country. Based on foam type, the market is divided into polyurethane foam, polystyrene, and others. On the basis of skin material, the market is classified into steel - steel, steel - cardboard, cardboard - cardboard, and others. By end-use industry, the market is categorized into construction, warehouses, cold storage, and others.
The key players operating in this market are 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.
KEY BENEFITS FOR STAKEHOLDERS
- Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the U.S. and Mexico insulated panels market for strategy building.
- It outlines the current U.S. and Mexico insulated panels trends and future scenario of the global U.S. and Mexico insulated panels market from 2019 to 2026 to understand the prevailing opportunities and potential investment pockets.
- Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
- The profiles of key players along with their key strategic developments are enlisted in the report.
KEY MARKET SEGMENTS
By Foam type
- Polyurethane
- Polystyrene
- Others
By Skin Material
- Steel-steel
- Steel-cardboard
- Cardboard-cardboard
- Others
By End-Use Industry
- Construction
- Warehouses
- Cold Storage
- Others
By Country
- U.S.
- Mexico
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: U.S. And Mexico Insulated Panels Market, By Foam Type
Chapter 5: U.S. And Mexico Insulated Panels Market, By Skin Material
Chapter 6: U.S. And Mexico Insulated Panels Market, By End-Use Industry
Chapter 7: U.S. And Mexico Insulated Panels Market, By Country
Chapter 8: Company Profiles
Executive Summary
U.S. and Mexico Insulated Panels Market Report 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, cardboard and others. The 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.
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 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.
Companies Mentioned
- Butler Manufacturing
- Laminators Inc.
- Advanced Insulation Concepts Inc.
- Alply Inc.
- Green Span Profiles
- Industrias Unypanel SA DE CV
- Metecno SPA
- Ecostruct Panel Systems.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 141 |
| Published | August 2019 |
| Forecast Period | 2018 - 2026 |
| Estimated Market Value ( USD | $ 633.7 million |
| Forecasted Market Value ( USD | $ 1011.8 million |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Mexico, United States |
| No. of Companies Mentioned | 8 |
