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North America Structural Insulation Panel Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2025-2034

Publisher Global Market Insights
Published Nov 10, 2025
Length 165 Pages
SKU # GMI20613875

Description

North America Structural Insulated Panel Market was valued at USD 2.3 billion in 2024 and is estimated to grow at a CAGR of 8.5% to reach USD 5.2 billion by 2034.

The market growth is driven by rising demand for energy-efficient construction materials, improved insulation performance, and increasing adoption of sustainable building systems across residential and commercial projects. Structural insulated panels offer superior thermal resistance, reduced construction time, and enhanced structural strength, making them preferred solutions for developers, architects, and green-building advocates. The region’s expanding emphasis on low-carbon construction and stricter energy-efficiency building codes continues to accelerate SIP adoption, particularly in cold-climate zones where insulation performance is critical.

In 2024, the EPS segment was valued at USD 1.2 billion, making it the largest product segment. EPS SIPs lead due to their exceptional thermal insulation, lightweight construction, cost-effectiveness, and broad availability for residential and commercial projects. Their ability to maintain high energy efficiency while reducing heating and cooling loads has made EPS panels a preferred choice among builders seeking affordable yet high-performance enclosure systems. Manufacturers are also enhancing material durability and fire-resistance ratings, expanding their applicability across diverse building environments.

Among applications, the wall structural insulated panels segment reached USD 1.9 billion in 2024, driven by their widespread use in residential homes, multi-family buildings, modular construction, and light commercial structures. Wall SIPs offer significant energy-saving potential, improved air sealing, and faster installation times compared to traditional framing methods. Their growing adoption is also supported by increasing demand for net-zero homes and high-performance building envelopes, where precision-engineered wall panels dramatically improve thermal efficiency and structural stability.

United States Structural Insulated Panel Market captured USD 1.8 billion in 2024, owing to its robust construction sector, strong adoption of green-building standards, and increasing preference for prefabricated construction systems. The U.S. continues to lead SIP usage due to its expanding residential construction activity, rising energy-efficiency mandates, and greater acceptance of off-site building technologies. Canada, though smaller in scale, shows steady growth supported by cold-climate energy requirements and increasing demand for high-insulation wall systems.

Prominent companies operating in the North America Structural Insulated Panel Market include Owens Corning, Kingspan Group, Alubel SpA, BASF SE, Evonik Industries AG, Rockwool International, Huntsman International LLC, ACC System, Enercept Inc., and Metl-Span. These companies play a pivotal role in accelerating technological advancements and expanding product offerings across the region. Companies in the North America Structural Insulated Panel Market are pursuing multifaceted strategies to strengthen their market position. A key focus is product innovation, with firms investing in enhanced core materials, improved fire-resistant formulations, and panels with superior R-values to meet evolving building codes. Manufacturers are also expanding production capacity and regional distribution networks to support faster delivery and reduce construction lead times.

Table of Contents

165 Pages
Chapter 1 Methodology
1.1 Industry coverage
1.2 Market scope and definitions
1.3 Research design
1.4 Market size estimates and calculations
1.4.1 Approach 1: Company revenue share analysis
1.5 Key trends for market estimates
1.6 Forecast model
1.7 Primary research & validation
1.7.1 Primary sources
1.7.2 Data mining sources
1.7.2.1 Paid sources 24
1.7.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry 360 degree synopsis
2.1.1 Business trends
2.1.2 Product Type trends
2.1.3 Sheathing Type trends
2.1.4 Application trends
2.1.5 End Use trends
2.1.6 Country trends
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Factors affecting value chain
3.1.2 Disruptions
3.1.3 Future Outlook
3.1.4 Manufacturers
3.1.5 Distributors
3.2 Supplier Landscape
3.3 Profit Margin
3.4 Key news & initiatives
3.5 Regulatory landscape
3.6.1 Growth drivers
3.6.1.1 Rising demand for energy efficient buildings
3.6.1.2 Increasing government initiatives for sustainable construction
3.6.1.3 Growing focus on reducing construction time and costs
3.6.2 Industry pitfall
3.6.2.1 High initial costs of SIP
3.6.2.2 Limited availability of skilled labor for SIP installation
3.7 Growth potential analysis
3.7.1 By product type
3.8 Technology overview
3.9 Porter's analysis
3.10 PESTEL analysis
Chapter 4 Competitive Landscape
4.1 Introduction
4.2 Company market share analysis
4.2.1 North America market share analysis
4.2.1.1 By Traditional SIPs
4.2.1.2 By Structurally Insulated Sheathing (SIS)
4.3 Company matrix analysis
4.3.1 Product Positioning
4.3.2 Price-Performance Positioning
4.3.3 Geographic Presence
4.3.4 Innovation Capabilities
4.4 Competitive analysis of major market players
4.5 Competitive positioning matrix
4.6 Product positioning/Product Benchmarking
4.7 Key developments/ Key Strategic Insights
4.7.1 Mergers & acquisitions
4.7.2 Partnerships & collaborations
4.7.3 New Product Launches
4.7.4 Expansion Plans
Chapter 5 North America Structural Insulation Panel Market, by Product Type
5.1 Glass Wool
5.2 Stone Wool
5.3 EPS 80
5.4 XPS 80
5.5 Phenolics
5.6 PU/PIR
5.7 Flexible Insulation
Chapter 6 North America Structural Insulation Panel Market, by Sheathing Type
6.1 Traditional SIPs
6.1.1 Oriented Strand Board (OSB)
6.1.2 Sheet Metal
6.1.3 Plywood
6.1.4 Others
6.2 Structurally Insulated Sheathing (SIS)
6.2.1 Armor Wall
6.2.2 Rok-ON
6.2.3 Others
Chapter 7 North America Structural Insulation Panel Market, by Application
7.1 Walls
7.2 Roofs
7.3 Floors
Chapter 8 North America Structural Insulation Panel Market, by End Use
8.1 Traditional SIPs
8.1.1 Residential
8.1.2 Commercial
8.1.3 Non-Building
8.2 Structurally Insulated Sheathing (SIS)
8.2.1 High Performance Residential
8.2.2 Commercial Construction
8.2.3 Specialty Applications
Chapter 9 North America Structural Insulation Panel Market, by Country
9.1 US 95
9.2 Canada
Chapter 10 Company Profiles
10.1 ACME PANEL
10.1.1 Financial data
10.1.2 Product landscape
10.1.3 Strategic outlook
10.1.4 Product Differentiator/USP
10.1.5 SWOT analysis
10.2 Eagle Panel Systems, Inc.
10.2.1 Financial data
10.2.2 Product landscape
10.2.3 Strategic outlook
10.2.4 Product Differentiator/USP
10.2.5 SWOT analysis
10.3 Enercept Inc.
10.3.1 Financial data
10.3.2 Product landscape
10.3.3 Strategic outlook
10.3.4 Product Differentiator/USP
10.3.5 SWOT analysis
10.4 Foard Panel Inc.
10.4.1 Financial data
10.4.2 Product landscape
10.4.3 Strategic outlook
10.4.4 Product Differentiator/USP
10.4.5 SWOT analysis
10.5 Future Building of America
10.5.1 Financial data
10.5.2 Product landscape
10.5.3 Strategic outlook
10.5.4 Product Differentiator/USP
10.5.5 SWOT analysis
10.6 The Murus Company
10.6.1 Financial data
10.6.2 Product landscape
10.6.3 Strategic outlook
10.6.4 Product Differentiator/USP
10.6.5 SWOT analysis
10.7 Premier SIPS
10.7.1 Financial data
10.7.2 Product landscape
10.7.3 Strategic outlook
10.7.4 Product Differentiator/USP
10.7.5 SWOT analysis
10.8 Extreme Panel Technologies
10.8.1 Financial data
10.8.2 Product landscape
10.8.3 Strategic outlook
10.8.4 Product Differentiator/USP
10.8.5 SWOT analysis
10.9 Energy Panel Structures, Inc.
10.9.1 Financial data
10.9.2 Product landscape
10.9.3 Strategic outlook
10.9.4 Product Differentiator/USP
10.9.5 SWOT analysis
10.10 FischerSIPS
10.10.1 Financial data
10.10.2 Product landscape
10.10.3 Strategic outlook
10.10.4 Product Differentiator/USP
10.10.5 SWOT analysis
10.11 Porter SIPs
10.11.1 Financial data
10.11.2 Product landscape
10.11.3 Strategic outlook
10.11.4 Product Differentiator/USP
10.11.5 SWOT analysis
10.12 ThermaFoam R-Control LLC
10.12.1 Financial data
10.12.2 Product landscape
10.12.3 Strategic outlook
10.12.4 Product Differentiator/USP
10.12.5 SWOT analysis
10.13 Big Sky Insulations, Inc.
10.13.1 Financial data
10.13.2 Product landscape
10.13.3 Strategic outlook
10.13.4 Product Differentiator/USP
10.13.5 SWOT analysis
10.14 Urban Industries of Ohio, Inc.
10.14.1 Financial data
10.14.2 Product landscape
10.14.3 Strategic outlook
10.14.4 Product Differentiator/USP
10.14.5 SWOT analysis
10.15 INSULPAN
10.15.1 Financial data
10.15.2 Product landscape
10.15.3 Strategic outlook
10.15.4 Product Differentiator/USP
10.15.5 SWOT analysis
10.16 Kingspan Group plc
10.16.1 Financial data
10.16.1.1 Sales revenue, 2021-2024 (USD Thousand)
10.16.2 Product landscape
10.16.3 Strategic outlook
10.16.4 Product Differentiator/USP
10.16.5 SWOT analysis
10.17 Owens Corning
10.17.1 Financial data
10.17.1.1 Sales revenue, 2021-2024 (USD Thousand)
10.17.2 Product landscape
10.17.3 Strategic outlook
10.17.4 Product Differentiator/USP
10.17.5 SWOT analysis

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