Allied Market Research published a report, titled,
"U.S. and
Mexico Insulated Panels Market by
Foam Type (Polyurethane Foam, Polystyrene, and Others), Skin Material
(Steel-steel, Steel-cardboard, Cardboard-cardboard, and Others), and End-user
Industry (Construction, Warehouses, Cold Storage, and Others): Opportunity
Analysis and Industry Forecast, 2019-2026."
The report provides a detailed analysis of the drivers & opportunities,
wavering market trends, competitive market scenario, and market size &
estimates. According to the report, the US and Mexico insulated
panels industry was estimated at $634 million in 2018 and is expected
to hit $1.01 billion by 2026, registering a CAGR of 5.9% during
2019–2026.
Rapid urbanization & globalization, and
increase in demand for refrigerated vehicles & cold storage containers fuel
the growth of the US and Mexico insulated panels market. On the other
hand, its easy vulnerability to pest attacks restrains the growth to some
extent. However, the eco-friendly nature of insulating panels is expected to
create a number of lucrative opportunities for the key players in the industry.
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The steel-steel segment to maintain its dominance
by 2026-
Based on skin material, the steel-steel segment
accounted for more than two-thirds of the total US
and Mexico insulated panels market share in 2018 and is anticipated
to rule the roost till 2026. Growth of frozen food market in the U.S.
and Mexico and rapid urbanization are the major two factors that
boost the usage of these insulating panels. On the other hand, the
steel-cardboard segment is projected to grow at the fastest CAGR of 8.1% during
the forecast period. This is attributed to its added benefits such as lost cost
of insulated panels, structural strength, and lightweight nature which have
increased the demand for steel—cardboard material in the region.
The construction segment held the largest share in
2018-
Based on end-use industry, the construction segment
contributed to one-third of the total US and Mexico insulated panels
market revenue in 2018 and is expected to lead the trail throughout 2019–2026.
High investments made by the government in infrastructure, energy, and
commercial construction projects have led to the growth of the segment. At the
same time, the cold storage segment is anticipated to grow at the highest CAGR
of 6.8% during the study period. This is due to the rise in demand for cold
storage in supermarkets, convenience stores, butcheries, and restaurants.
The U.S region to retain its dominant position in
terms of revenue-
Based on geography, the U.S region generated the
major share in 2018, holding nearly two-thirds of the total US
and Mexico insulated panels market. This is attributed to the
presence of the key players such as Kingspan, American Insulated Panels, and
All Weather Insulated Panels (AWIP) in the region.
Simultaneously, Mexico would cite the fastest CAGR of 6.3% throughout
the estimated period. Rapid growth of construction activities in the region has
led to a high demand for insulated panels in restaurants and cold storages.
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Key market players-
- All Weather Insulated Panels
- Alply Inc.
- Laminators Inc.
- Centria
- Advanced Insulation Concepts Inc.
- Industrias Unypanel SA DE CV
- Ecostruct Panel Systems
- Green Span Profiles
- Butler Manufacturing
- Metecno SPA
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