Portland, OR, Aug. 14, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the global metal structural insulation board market accumulated profits worth $43.7 billion in 2021 and are expected to reach $68.3 billion by 2031, registering a CAGR of 4.5% from 2022 to 2031. The market research provides a detailed analysis of swinging market trends, most important segments, value chain analysis, major investment business scenarios, regional space and competitive landscape. The study is a key source of information for giant players, entrepreneurs, shareholders and owners to generate new strategies for the future and take action to improve their market position. The report presents an in-depth quantitative analysis of the market from 2022 to 2031 and guides investors in allocating funds to the rapidly changing industry.
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- The COVID-19 pandemic has severely affected the expansion of the global metal structural insulated panel market due to the halt in construction activities owing to the lack of availability of raw materials.
- A large number of raw material production units have been shut down during the COVID-19 pandemic, which has severely affected the growth of the global market.
The report offers a detailed segmentation of the global Metal Structural Insulated Board market based on base material, application, end-use, and region. It provides in-depth analysis of each segment and sub-segment in tables and figures through which consumers can draw conclusion about market trends and outlook. Market report analysis helps organizations, investors, and entrepreneurs to understand which sub-segments are to be tapped to achieve huge growth in the coming years.
Based on base material, the polystyrene segment contributed the largest market share in 2021, accounting for more than two-fifths of the overall global metal structural insulation board market share. Moreover, this segment is expected to maintain its dominant status during the forecast period. The report also provides an overall analysis of segments such as Polyurethane and others.
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Based on application, the wall segment held the largest share in 2021, contributing approximately two-fifths of the overall global metal structural insulated panel market share. Moreover, this segment is expected to contribute the highest market share by 2031. However, the roof segment is also expected to register the fastest growth with a CAGR of almost 5.1% during the period of forecast. The report also provides an overall analysis of segments such as soil.
Based on end-use, the residential segment held the largest share in 2021, contributing nearly three-fifths of the overall global metal structural insulated panel market share. Moreover, this segment is expected to maintain its dominance over the forecast period. However, the non-residential segment is expected to register the highest CAGR of almost 5.2% from 2022 to 2031.
By region, North America contributed to the highest market share in 2021, accounting for more than a third of the global metal structural insulated panel market. However, Asia-Pacific is expected to major contributor to the global market share in 2031. Additionally, the metal structural insulated panel market in Asia-Pacific is expected to register the highest CAGR of 5.8% during the forecast period. The research also analyzes regions such as Europe and LAMEA.
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Key players of the global metal structural insulated panel market analyzed in the research include ACME Panel, PFB Corp., American Insulated Panel, KPS Global, Extreme Panel Technologies, Inc., Ingreen Systems, Metl-Span, Kingspan Group PLC, Owens Corning , and Structural Panels Inc.
The report assesses these major players in the global Metal Structural Insulated Panels industry. These participants executed an array of key business strategies such as regional and customer base expansion, product development, strategic collaborations and joint ventures to expand product lines in global markets and extend market growth. global market. The market research report facilitates tracking the performance of each segment, the positioning of each product in the respective segments, and the impact of new technology product launches on the overall market size.
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. Pawan Kumar, CEO of Allied Market Research is essential to inspire and encourage everyone associated with the business to maintain high quality data and help customers in every way possible to achieve success. All the data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the field concerned. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.
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