Structural Insulated Panels Market is estimated to be US$ 18.65 billion by 2030 with a CAGR of 5.3%

Nehashaikh11 May, 2022News

Global Structural Insulated Panels Market accounted for US$ 11.17 billion in 2020 and is estimated to be US$ 18.65 billion by 2030 and is anticipated to register a CAGR of 5.3%. Structural insulated panels are engineered to construct walls, floors, and ceilings. Structural insulated panels has various benefits over the traditional framing lumber and insulation, such as extreme durability, strong and also an energy efficient building option. These panels consist of an insulating foam core sandwiched between two structural facings, typically oriented strand board (OSB).