The Philippines structural insulated panels market is projected to grow at a CAGR of 4.20% between 2025 and 2034, due to the expansion of the country’s pharma and warehousing industries.
Philippines Structural Insulated Panels Market Growth
In 2020, the Philippines’ warehousing sector contributed PhP 118.4 billion in gross value added due to the evolving consumer behaviour. The rapid expansion of the e-commerce industry is expected to drive the growth of this sector, thereby resulting in a higher demand for structural insulated panels (SIPs), which are crucial for storing temperature-sensitive electronic goods at cool temperatures.
Increasing investments into the construction of data centres and other commercial facilities in the Philippines is expected to have a favourable impact on the demand for structured insulated panels due to their ability to effectively regulate high indoor temperatures and facilitate the effective functioning of machines.
As per the Philippine Pharmaceutical Manufacturing Association, the Philippine’s local pharmaceutical manufacturing industry reached a size of P257 billion in 2024 and is expected to grow at an average rate of 6%-7%. This is expected to raise the demand for SIPs, which are integrated into cold storage containers and the building walls of pharmacies to preserve temperature-sensitive medicines.
Structural insulated panels are further expected to find increasing application in large-scale cooling devices like walk-in freezers and refrigerators across a wide variety of institutional and commercial buildings like schools, camps, restaurants, and hospitals, among others.
Philippines Structural Insulated Panels Industry Segmentation
Philippines Structural Insulated Panels Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product:
Expanded Polystyrene (EPS) Panels
Rigid Polyurethane (PUR) and Rigid Polyisocyanurate (PIR) Panels
Glass Wool Panels
Others
Market Breakup by Application:
Building Wall
Building Roof
Cold Storage
Philippines Structural Insulated Panels Market Share
Based on application, the market is segmented into building wall, building roof, and cold storage. Over the forecast period, building roof is expected to grow at a CAGR of 5.1%, due to an anticipated growth of housing renovations and replacement of obsolete roofing systems.
Leading Companies in the Philippines Structural Insulated Panels Market
Major market players are expected to focus on using recycled waste like agricultural straw and other renewable materials to produce SIPs that are eco-friendly and align with the goal of the circular economy.
ENERCON Specialty Building Systems Corporation
Ultra Insulated Panel Systems Corp.
PHINMA Corp. (Union Galvasteel Corp.)
Metalink Manufacturing Corp.
Kingspan Group
Vbllu Inc.
Others
Key Highlights of the Report
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
Product
Application
Expanded Polystyrene (EPS) Panels
Rigid Polyurethane (PUR) and Rigid Polyisocyanurate (PIR) Panels
Glass Wool Panels
Others
Building Wall
Building Roof
Cold Storage
SWOT Analysis
Porter's Five Forces Analysis
Key Indicators for Demand
Key Indicators for Price
Market Structure
Company Profiles_x000D_ _x000D_ Company Overview _x000D_ Product Portfolio _x000D_ Demographic Reach and Achievements _x000D_ Certifications _x000D_ _x000D_
Market Structure
Company Profiles_x000D_ _x000D_ Company Overview _x000D_ Product Portfolio _x000D_ Demographic Reach and Achievements _x000D_ Certifications _x000D_ _x000D_
ENERCON Specialty Building Systems Corporation
Ultra Insulated Panel Systems Corp.
PHINMA Corp. (Union Galvasteel Corp.)
Metalink Manufacturing Corp.
Kingspan Group
Vbllu Inc.
Others
Philippines Structural Insulated Panels Market Report Snapshots
Philippines Structural Insulated Panels Market Size
Philippines Structural Insulated Panels Market Growth
Philippines Structural Insulated Panels Market Share
Philippines Structural Insulated Panels Companies
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Asia Pacific Structural Insulated Panels Market Overview
- 5.1 Key Industry Highlights
- 5.2 Asia Pacific Structural Insulated Panels Historical Market (2018-2024)
- 5.3 Asia Pacific Structural Insulated Panels Market Forecast (2025-2034)
- 6 Philippines Structural Insulated Panels Market Overview
- 6.1 Key Industry Highlights
- 6.2 Philippines Structural Insulated Panels Historical Market (2018-2024)
- 6.3 Philippines Structural Insulated Panels Market Forecast (2025-2034)
- 7 Philippines Structural Insulated Panels Market by Product
- 7.1 Expanded Polystyrene (EPS) Panels
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Rigid Polyurethane (PUR) and Rigid Polyisocyanurate (PIR) Panels
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Glass Wool Panels
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Others
- 8 Philippines Structural Insulated Panels Market by Application
- 8.1 Building Wall
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Building Roof
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Cold Storage
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 9 Market Dynamics
- 9.1 SWOT Analysis
- 9.1.1 Strengths
- 9.1.2 Weaknesses
- 9.1.3 Opportunities
- 9.1.4 Threats
- 9.2 Porter’s Five Forces Analysis
- 9.2.1 Supplier’s Power
- 9.2.2 Buyer’s Power
- 9.2.3 Threat of New Entrants
- 9.2.4 Degree of Rivalry
- 9.2.5 Threat of Substitutes
- 9.3 Key Indicators for Demand
- 9.4 Key Indicators for Price
- 10 Competitive Landscape
- 10.1 Supplier Selection
- 10.2 Key Global Players
- 10.3 Key Regional Players
- 10.4 Key Player Strategies
- 10.5 Company Profiles
- 10.5.1 ENERCON Specialty Building Systems Corporation
- 10.5.1.1 Company Overview
- 10.5.1.2 Product Portfolio
- 10.5.1.3 Demographic Reach and Achievements
- 10.5.1.4 Certifications
- 10.5.2 Ultra Insulated Panel Systems Corp.
- 10.5.2.1 Company Overview
- 10.5.2.2 Product Portfolio
- 10.5.2.3 Demographic Reach and Achievements
- 10.5.2.4 Certifications
- 10.5.3 PHINMA Corp. (Union Galvasteel Corp.)
- 10.5.3.1 Company Overview
- 10.5.3.2 Product Portfolio
- 10.5.3.3 Demographic Reach and Achievements
- 10.5.3.4 Certifications
- 10.5.4 Metalink Manufacturing Corp.
- 10.5.4.1 Company Overview
- 10.5.4.2 Product Portfolio
- 10.5.4.3 Demographic Reach and Achievements
- 10.5.4.4 Certifications
- 10.5.5 Kingspan Group
- 10.5.5.1 Company Overview
- 10.5.5.2 Product Portfolio
- 10.5.5.3 Demographic Reach and Achievements
- 10.5.5.4 Certifications
- 10.5.6 Vbllu Inc.
- 10.5.6.1 Company Overview
- 10.5.6.2 Product Portfolio
- 10.5.6.3 Demographic Reach and Achievements
- 10.5.6.4 Certifications
- 10.5.7 Others
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