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Add to CartComposite Insulated Panels Market
By Product;
Expanded Polystyrene (EPS) Panel, Rigid Polyurethane (PUR) & Rigid Polyisocyanurate (PIR) Panel, Glass Wool Panel, and OthersBy Skin Material;
Continuous Fiber Reinforced Thermoplastics (CFRT) and Fiberglass Reinforced Panel (FRP)By Application;
Building Wall, Building Roof, and Cold StorageBy End User;
Residential and Non-ResidentialBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Composite Insulated Panels Market Overview
Composite Insulated Panels Market (USD Million)
Composite Insulated Panels Market was valued at USD 465.27 million in the year 2024. The size of this market is expected to increase to USD 672.69 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.4%.
Composite Insulated Panels Market
*Market size in USD million
CAGR 5.4 %
| Study Period | 2025 - 2031 |
|---|---|
| Base Year | 2024 |
| CAGR (%) | 5.4 % |
| Market Size (2024) | USD 465.27 Million |
| Market Size (2031) | USD 672.69 Million |
| Market Concentration | Medium |
| Report Pages | 379 |
Major Players
- Kingspan Group
- Rautaruukki Corporation
- Premier Building Systems
- PFB Corporation
- Owens Corning
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Composite Insulated Panels Market
Fragmented - Highly competitive market without dominant players
The Composite Insulated Panels Market has gained significant momentum due to the rising demand for energy-efficient and sustainable building materials. These panels are known for their superior insulation properties, which help reduce energy consumption and lower heating and cooling costs. The market is witnessing growth driven by the increased adoption of eco-friendly construction practices and the demand for durable building materials. As the construction industry continues to focus on sustainability, composite insulated panels have become a preferred choice for various applications.
Market Growth
The Composite Insulated Panels market has experienced a growth rate of approximately 8%. This surge is attributed to the increasing emphasis on reducing carbon footprints in the building sector. With the growing focus on green building certifications, composite insulated panels have become essential in achieving energy efficiency and environmental goals. Their high thermal performance is making them popular among residential, commercial, and industrial applications.
Energy Efficiency
Energy efficiency is a key driver of the market, with 65% of construction projects now integrating composite insulated panels for improved thermal insulation. These panels help in achieving higher energy performance standards, making them an integral part of sustainable construction. The ability to minimize energy loss is one of the key factors driving the increased demand for composite insulated panels across various construction sectors.
Durability and Maintenance
The Composite Insulated Panels market is also benefitting from their exceptional durability and low maintenance requirements. With approximately 60% of consumers prioritizing long-lasting materials, these panels offer superior resistance to weather conditions, corrosion, and wear. This makes them ideal for use in harsh environmental conditions, further boosting their adoption in sectors like cold storage, logistics, and industrial buildings.
Cost-Effectiveness
Cost-effectiveness is another significant factor driving the adoption of composite insulated panels, with around 55% of the market citing cost savings as a major benefit. The long-term savings from reduced energy bills, combined with lower maintenance costs, make these panels an attractive investment for construction projects. The market is expected to continue growing as the cost of production decreases and more construction companies realize the financial advantages.
Composite Insulated Panels Market Recent Developments
- In February 2023, Creative Composites Group (CCG), the leading manufacturer of Fiber Reinforced Polymer (FRP) composites, has announced that the group has acquired Enduro Composites, a leading manufacturer of FRP products since 1954 based in Houston, Texas.
- In November 2022, All Weather Insulated Panels (AWIP), an industry leader in foam composite insulated metal panels, has announced an expansion of its wall panel product line with the launch of the DM44 Mesa Panel.
Composite Insulated Panels Market Segment Analysis
In this report, the Composite Insulated Panels Market has been segmented by Product, Skin Material, Application, End User and Geography.
Composite Insulated Panels Market, Segmentation by Product
The Composite Insulated Panels Market is segmented by product into Expanded Polystyrene (EPS) Panel, Rigid Polyurethane (PUR) & Rigid Polyisocyanurate (PIR) Panel, Glass Wool Panel and Other Products (Extruded Polystyrene Foam).
Expanded Polystyrene (EPS) Panel
EPS Panels hold approximately 35-37% of the market, favored for their lightweight structure and excellent thermal insulation. They are widely used in residential and commercial construction due to cost-effectiveness and energy efficiency.
Rigid Polyurethane (PUR) & Rigid Polyisocyanurate (PIR) Panel
PUR & PIR Panels account for around 30-32% of the market, known for superior insulation and high fire resistance. These panels are popular in industrial buildings and cold storage applications where energy conservation is critical.
Glass Wool Panel
Glass Wool Panels represent nearly 20-22% of the market, recognized for sound absorption and thermal insulation. They are commonly used in commercial complexes and industrial facilities requiring acoustic and energy-efficient solutions.
Other Products (Extruded Polystyrene Foam)
Other panels, including Extruded Polystyrene Foam, capture about 8-10% of the market. They are valued for moisture resistance and durability, making them suitable for specialized construction projects and infrastructure applications.
Composite Insulated Panels Market, Segmentation by Skin Material
The Composite Insulated Panels Market has been segmented by Skin Material into Continuous Fiber Reinforced Thermoplastics (CFRT) and Fiberglass Reinforced Panel (FRP).
Continuous Fiber Reinforced Thermoplastics (CFRT)
CFRT panels account for approximately 40-42% of the market, favored for their high structural strength and lightweight design. These panels are widely used in industrial applications and infrastructure projects where durability and performance are critical.
Fiberglass Reinforced Panel (FRP)
FRP panels hold around 28-30% of the market, appreciated for their corrosion resistance and low maintenance requirements. They are commonly applied in commercial buildings and residential projects for their versatility and long service life.
Composite Insulated Panels Market, Segmentation by Application
The Composite Insulated Panels Market has been segmented by application into Building Wall, Building Roof and Cold Storage.
Building Wall
The building wall segment holds approximately 45-47% of the market, driven by increasing commercial construction and residential projects. These panels are preferred for their thermal insulation and structural durability, making them ideal for modern architectural designs.
Building Roof
Building roof applications account for around 35-37% of the market. The popularity of these panels is fueled by their energy efficiency, weather resistance, and ability to reduce maintenance costs over time, particularly in industrial and commercial buildings.
Cold Storage
The cold storage segment represents about 18-20% of the market, driven by growing food processing and pharmaceutical storage requirements. Panels in this segment offer superior temperature control and humidity resistance, essential for long-term preservation of goods.
Composite Insulated Panels Market, Segmentation by End User
The Composite Insulated Panels Market has been segmented by End User into Residential and Non-Residential
Residential
The residential end-user segment accounts for approximately 40-42% of the market, driven by increasing housing developments and energy-efficient home designs. These panels provide thermal insulation, durability, and aesthetic flexibility, making them a preferred choice for modern residential constructions.
Non-Residential
The non-residential segment holds around 58-60% of the market, fueled by demand from commercial buildings, industrial facilities, and cold storage units. Their structural strength, fire resistance, and energy efficiency make them ideal for large-scale construction projects.
Composite Insulated Panels Market, Segmentation by Geography
In this report, the Composite Insulated Panels Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Regions and Countries Analyzed in this Report
Composite Insulated Panels Market Share (%), by Geographical Region
North America
The North American market accounts for around 30% of the global demand, driven by commercial construction and residential renovations. Growing adoption of energy-efficient panels and sustainable building practices is boosting market penetration in this region.
Europe
Europe holds approximately 28% of the market share, supported by stringent building regulations and the rising use of composite insulated panels in industrial and commercial projects. Innovation in lightweight insulation materials further strengthens market growth.
Asia Pacific
Asia Pacific represents nearly 25% of the global market, led by rapid urbanization and infrastructure development. High demand for energy-efficient construction and cost-effective panel solutions drives the adoption of composite insulated panels.
Middle East & Africa
This region accounts for around 10% of the market, fueled by industrial projects and commercial developments. The need for thermal insulation and durable construction materials in extreme climates promotes market expansion.
Latin America
Latin America contributes roughly 7% to the market, supported by investments in residential and commercial buildings. Growing construction activities and the focus on energy conservation encourage the use of composite insulated panels.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Composite Insulated Panels Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Energy Efficiency Demand
- Sustainable Building Practices
- Technological Advancements
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Regulatory Compliance Requirements- The global composite insulated panels (CIPs) market is subject to a range of regulatory compliance requirements to ensure safety, environmental protection, and quality standards. In many regions, such as the European Union, North America, and Asia-Pacific, these panels must meet building codes, fire safety standards, and energy efficiency regulations. For instance, in the EU, CIPs are required to comply with the CE marking standards, which indicate conformity with European health, safety, and environmental protection requirements. Similarly, in the United States, CIPs must meet fire-resistance standards as specified by the National Fire Protection Association (NFPA) and must be tested for thermal performance in accordance with the International Building Code (IBC).
Environmental regulations also play a significant role in the compliance landscape for composite insulated panels. The use of certain chemicals, such as chlorofluorocarbons (CFCs) or hydrofluorocarbons (HFCs) in the production of foam core materials, is increasingly restricted in many markets due to their ozone-depleting or high global warming potential. Manufacturers are expected to use environmentally friendly, low-impact alternatives and adhere to regulations like the EU's REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) or the U.S. Environmental Protection Agency's (EPA) Green Chemistry Program. Additionally, many regions are introducing circular economy models, encouraging manufacturers to adopt recyclable materials and practices that minimize waste during production and throughout the lifecycle of the product.
The regulatory framework surrounding composite insulated panels extends to product testing and certification to ensure their durability and performance. Various certifications, such as ISO 9001 for quality management systems and ISO 14001 for environmental management, are often required by both local and international standards bodies. These certifications help manufacturers demonstrate their commitment to producing high-quality, sustainable products that meet both customer needs and regulatory expectations. As global construction and building standards evolve, keeping up with these regulations is essential for manufacturers to maintain market access and avoid legal or financial penalties.
Restraints
- High Initial Costs
- Limited Availability
- Market Competition
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Material Durability Concerns: Material durability concerns are central to the global composite insulated panels market, as long-lasting performance is critical for building applications. Manufacturers must address issues related to weather resistance, wear and tear, and structural integrity to ensure panels meet longevity expectations.
Advances in material science and technology aim to enhance the durability of composite insulated panels. Innovations focus on improving resistance to environmental factors such as UV radiation, moisture, and extreme temperatures, thereby extending the lifespan and reliability of these products in various applications.
Opportunities
- Green Building Trends
- Emerging Markets Growth
- Innovative Materials Development
-
Retrofit Market Potential: The retrofit market potential for composite insulated panels is substantial as older buildings and infrastructure increasingly require upgrades to improve energy efficiency and meet modern standards. Retrofitting with advanced composite panels offers benefits such as enhanced insulation, better fire resistance, and improved aesthetics, making them a preferred choice for renovations and upgrades.
As sustainability becomes more important, retrofitting with composite insulated panels aligns with green building practices by reducing energy consumption and carbon footprints. This growing demand for energy-efficient solutions drives the market potential for retrofit applications, offering significant opportunities for manufacturers and contractors in the sector.
Competitive Landscape Analysis
Key players in Global Composite Insulated Panels Market include;
- Kingspan Group
- Rautaruukki Corporation
- Premier Building Systems
- PFB Corporation
- Owens Corning
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Skin Material
- Market Snapshot, By Application
- Market Snapshot, End User
- Market Snapshot, By Region
- Composite Insulated Panels Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Energy Efficiency Demand
- Sustainable Building Practices
- Technological Advancements
- Regulatory Compliance Requirements
- Restraints
- High Initial Costs
- Limited Availability
- Market Competition
- Material Durability Concerns
- Opportunities
- Green Building Trends
- Emerging Markets Growth
- Innovative Materials Development
- Retrofit Market Potential
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Composite Insulated Panels Market, By Product, 2021- 2031 (USD Million)
- Expanded Polystyrene (EPS) Panel
- Rigid Polyurethane (PUR) & Rigid Polyisocyanurate (PIR) Panel
- Glass Wool Panel
- Others
- Composite Insulated Panels Market, By Skin Material, 2021 - 2031 (USD Million)
- Continuous Fiber Reinforced Thermoplastics (CFRT)
- Fiberglass Reinforced Panel (FRP)
- Composite Insulated Panels Market, By Application, 2021 - 2031 (USD Million)
- Building Wall
- Building Roof
- Cold Storage
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Composite Insulated Panels Market, End User, 2021 - 2031 (USD Million)
-
Residential
-
Non-Residential
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- Composite Insulated Panels Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Composite Insulated Panels Market, By Product, 2021- 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Kingspan Group
- Rautaruukki Corporation
- Premier Building Systems
- PFB Corporation
- Owens Corning
- Company Profiles
- Analyst Views
- Future Outlook of the Market