U.S. and Mexico Insulated Panels Market Outlook - 2026
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 growth mainly focus 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 people with disabilities, structural design, and construction of buildings using structural 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, the market for U.S. and Mexico is anticipated to experience significant growth.
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 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 responsible for the growth of the U.S. and Mexico insulated panels 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. These market players are adopting different strategies such as product launch and business expansion to stay competitive. In an instance, Green Span expanded its manufacturing plant to increase its production capacity on September 2016. On December 2018, Laminators opened a new warehouse to cater west coast distributor hence expanding its market presence in the insulated panels market.
U.S. and Mexico Insulated Panels Market, by country
By country, Mexico is expected to be the fastest growing country attributed to the presence of numerous industries and factories that are augmenting the use of insulated panels in building factories in the Northern Mexico manufacturing sector. Furthermore, stringent environmental regulations encourage industries and factories to use insulated panels for better energy efficiency. The U.S. is expected to hold largest share in the U.S. and Mexico insulated panels market trends.
U.S. and Mexico Insulated Panels Market, by foam type
By foam type, polystyrene segment is projected to be the fastest growing segment attributed to the low cost of polystyrene insulated panels as compared to polyurethane and other foams.
U.S. and Mexico Insulated Panels Market, by skin material
By skin material, the steel-steel segment holds the largest U.S. and Mexico insulated panels market share. The steel—cardboard segment is expected to be the fastest growing segment owing 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 U.S. and Mexico.
U.S. and Mexico Insulated Panels Market, by end-use industry
By end-use industry, cold storage is the fastest growing segment attributed to the increase in demand for cold storage in supermarkets, convenience stores, butcheries, and restaurants. Furthermore, the industrialization leads to mass production of meat and dairy products, which requires massive cold storage units. Use of insulated panels in cold storage and walk-in coolers/freezers creates a major opportunity for the growth of the market.
Key Benefits for U.S. and Mexico Insulated Panels Market:
- 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 industry for strategy building.
- It outlines the current trends and future scenario of the U.S. and Mexico Insulated Panels Market size 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 in the U.S. and Mexico Insulated Panels Market Analysis.
- 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 market analysis.
U.S. and Mexico Insulated Panels Market Report Highlights
By Foam Type
By Skin Material
By End Use Industry
Key Market Players
Centria, Metecno Group, Alply, Inc., Industrias Unypanel S.A. DE C.V., Laminators Inc., Advanced Insulation Concepts, Inc., All Weather Insulated Panels, Ecostruct Panel Systems, Butler Manufacturing Company, Green Span Profiles
Construction and cold storage in the end-use industry of U.S. and Mexico insulated panels market offers significant growth to the U.S. and Mexico insulated panels market. Urbanization and globalization in advanced and emerging economies also support this growth. However, damage to insulated panels caused by pests and moisture is projected to hinder the market growth. Moreover, the Mexico market is projected to register a significant growth rate compared to the U.S., owing to the saturation stage the U.S. market. The insulated panel manufacturers are heavily investing on technological advancements to develop insulated panels from various materials with have improved energy conservation, and longer lifespans.
Development of structural insulated panel standards and implementation of a method to analyze structural insulated panels under transverse loading and construction of eco-friendly insulated panels are few of the research and development ongoing in the insulated panels market.