The Philippines structural insulated panels market is projected to grow at a CAGR of 4.20% between 2025 and 2034, due to the expansion of the country's pharma and warehousing industries.
Increasing investments into the construction of data centres and other commercial facilities in the Philippines is expected to have a favourable impact on the demand for structured insulated panels due to their ability to effectively regulate high indoor temperatures and facilitate the effective functioning of machines.
As per the Philippine Pharmaceutical Manufacturing Association, the Philippine's local pharmaceutical manufacturing industry reached a size of P257 billion in 2024 and is expected to grow at an average rate of 6%-7%. This is expected to raise the demand for SIPs, which are integrated into cold storage containers and the building walls of pharmacies to preserve temperature-sensitive medicines.
Structural insulated panels are further expected to find increasing application in large-scale cooling devices like walk-in freezers and refrigerators across a wide variety of institutional and commercial buildings like schools, camps, restaurants, and hospitals, among others.
Philippines Structural Insulated Panels Market Growth
In 2020, the Philippines' warehousing sector contributed PhP 118.4 billion in gross value added due to the evolving consumer behaviour. The rapid expansion of the e-commerce industry is expected to drive the growth of this sector, thereby resulting in a higher demand for structural insulated panels (SIPs), which are crucial for storing temperature-sensitive electronic goods at cool temperatures.Increasing investments into the construction of data centres and other commercial facilities in the Philippines is expected to have a favourable impact on the demand for structured insulated panels due to their ability to effectively regulate high indoor temperatures and facilitate the effective functioning of machines.
As per the Philippine Pharmaceutical Manufacturing Association, the Philippine's local pharmaceutical manufacturing industry reached a size of P257 billion in 2024 and is expected to grow at an average rate of 6%-7%. This is expected to raise the demand for SIPs, which are integrated into cold storage containers and the building walls of pharmacies to preserve temperature-sensitive medicines.
Structural insulated panels are further expected to find increasing application in large-scale cooling devices like walk-in freezers and refrigerators across a wide variety of institutional and commercial buildings like schools, camps, restaurants, and hospitals, among others.
Philippines Structural Insulated Panels Industry Segmentation
Philippines Structural Insulated Panels Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:Market Breakup by Product:
- Expanded Polystyrene (EPS) Panels
- Rigid Polyurethane (PUR) and Rigid Polyisocyanurate (PIR) Panels
- Glass Wool Panels
- Others
Market Breakup by Application:
- Building Wall
- Building Roof
- Cold Storage
Philippines Structural Insulated Panels Market Share
Based on application, the market is segmented into building wall, building roof, and cold storage. Over the forecast period, building roof is expected to grow at a CAGR of 5.1%, due to an anticipated growth of housing renovations and replacement of obsolete roofing systems.Leading Companies in the Philippines Structural Insulated Panels Market
Major market players are expected to focus on using recycled waste like agricultural straw and other renewable materials to produce SIPs that are eco-friendly and align with the goal of the circular economy.- ENERCON Specialty Building Systems Corporation
- Ultra Insulated Panel Systems Corp.
- PHINMA Corp. (Union Galvasteel Corp.)
- Metalink Manufacturing Corp.
- Kingspan Group
- Vbllu Inc.
- Others
Key Highlights of the Report
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:- Product
- Application
- Expanded Polystyrene (EPS) Panels
- Rigid Polyurethane (PUR) and Rigid Polyisocyanurate (PIR) Panels
- Glass Wool Panels
- Others
- Building Wall
- Building Roof
- Cold Storage
- SWOT Analysis
- Porter's Five Forces Analysis
- Key Indicators for Demand
- Key Indicators for Price
- Market Structure
- Company Profiles_x000D_ _x000D_ Company Overview _x000D_ Product Portfolio _x000D_ Demographic Reach and Achievements _x000D_ Certifications _x000D_ _x000D_
- Market Structure
- Company Profiles_x000D_ _x000D_ Company Overview _x000D_ Product Portfolio _x000D_ Demographic Reach and Achievements _x000D_ Certifications _x000D_ _x000D_
- ENERCON Specialty Building Systems Corporation
- Ultra Insulated Panel Systems Corp.
- PHINMA Corp. (Union Galvasteel Corp.)
- Metalink Manufacturing Corp.
- Kingspan Group
- Vbllu Inc.
- Others
Philippines Structural Insulated Panels Market Report Snapshots
Philippines Structural Insulated Panels Market Size
Philippines Structural Insulated Panels Market Growth
Philippines Structural Insulated Panels Market Share
Philippines Structural Insulated Panels Companies
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Asia Pacific Structural Insulated Panels Market Overview
6 Philippines Structural Insulated Panels Market Overview
7 Philippines Structural Insulated Panels Market by Product
8 Philippines Structural Insulated Panels Market by Application
9 Market Dynamics
10 Competitive Landscape
Companies Mentioned
- ENERCON Specialty Building Systems Corporation
- Ultra Insulated Panel Systems Corp.
- PHINMA Corp. (Union Galvasteel Corp.)
- Metalink Manufacturing Corp.
- Kingspan Group
- Vbllu Inc.
