Philippines Structural Insulated Panels Market Size & Share 2019 Industry Demand, Growth, Opportunities, Top Key Players and Forecast to 2053

The “Philippines Structural Insulated Panels Market” research report 2019-2024 focuses on the major drivers, restraints, opportunities and threats for key players. It also provides granular analysis of market share, segmentation, revenue forecasts and regional analysis till 2024. The report has opinions from industry experts and offers an overview of the past years and the current market situation. Philippines Structural Insulated Panels market report gives an overview of related market containing types, applications and top manufacturers with characteristics, technology and market chain with analysis and latest market trends and development.

Market Overview:

• The Philippines structural insulated panels market is expected to grow moderately, at an estimated CAGR of 4.21%, during 2019-2024. The market is driven by the increasing demand from the construction industry.

• Increasing cold storage applications are likely to act as a market opportunity for market growth in the future.

• In 2017, the building wall application dominated the market with a share of around 60%.<

  
  

• Scope of the Report:

• This report studies the global Philippines Structural Insulated Panels market size, industry status and forecast, competition landscape and growth opportunity.

  
  

  List of Key Manufacturers Covered in Philippines Structural Insulated Panels Market:

• ENERCON Specialty Building Systems Corporation

• iSTEEL Inc.

• Kingspan Group

• Metalink

• Shanghai Seventrust Industry Co. Ltd

• SRC Intl. Panel System Inc.

• Supersonic Manufacturing Inc.

• Ultra Insulated Panel Systems Corporation (UIPSC)?

• Union Galvasteel Corporation (UGC)

• VBLLU Inc.

• Thermasip

• Ultra Insulated Panel Systems Corporation

• VBLLU Inc.

• iSTEEL, Inc.

  
  

  Philippines Structural Insulated Panels Market Report Covers the Following: –

  Key Market Trends:
  

  Increasing Demand from the Construction Industry

  The rise in building and construction activities is the prominent factors augmenting the demand for structural insulated panels (SIPs).
  Among the various non-conventional insulations being introduced to the construction industry, as the next-generation thermal insulation, SIPs appear to be one of the most promising insulation materials with the significant thermal insulating capacity.
  Time and cost are the two parameters associated with construction activity that has long been considered as constraints for the growth of the industry. Overcoming these constraint has been one of the major hurdles in the country. Structural insulation panels act as one of the major solutions for these problems.
  Number of constructions in the country registered a growth of 2.7% in 2017, with the total number of constructions generated from approved building permits reaching 152,01,2 and the non-residential constructions increased by 19.6%, reaching 21,349 constructions in 2017.
  Furthermore, increasing construction and infrastructure spending in the country has been increasing from the past few years. In August 2018, government spending on infrastructure increased by 71%, to PHP 68.4 billion from PHP 40.1 billion, in the same month of 2017.
  All the factors mentioned above increase the demand for the structural insulated panels in the construction sector, and are expected to drive the market in the coming years.

  Increasing Demand for the Building Walls

  Structural insulated wall panels are generally available in thicknesses of 4-1/2 inches and 6-1/2 inches. Manufacturing of curved wall panels are possible and it is often more practical to use stud framing for non-orthogonal geometries.
  The whole wall R-value of a wall assembly is currently the best and the most followed method of quantifying the total thermal performance. The whole wall R-value takes the resistance of heat flown through an opaque cross sectional area of the insulation and structure into the accounts while the total loss of energy at the interfaces of the wall with the roof and floor are accounted.
  The whole wall R-value of a 4-inch structural insulated wall panel is 14, whereas for a 2×4 wall it is less than 10. The whole wall R-value of a 2×6 wall is between 11 and 13.7, depending on the quality of the installation of batt insulation.
  The elimination of thermal bridging and a more air tight envelope contributes to the higher whole wall R-value of structural insulated wall panels, compared to the conventional metal and wood stud walls.
  The total volume of the panels used as structural insulated wall panels is much higher, compared to the volume of the panels used as structural insulated roof panels.
  Philippines experienced a GDP growth rate of 6.7% in 2017, ranking the highest among the ASEAN nations, aided by the increasing consumption and higher investments, which, in turn, led to a strong rebound in export earnings.
  All the aforementioned factors, in turn, increase the demand for the structural insulated panels.

  
  

  Philippines Structural Insulated Panels Market Report Highlights:

• Comprehensive pricing analysis on the basis of product, application, and regional segments

• The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the Philippines Structural Insulated Panels market

• Deep insights about regulatory and investment scenarios of the Philippines Structural Insulated Panels market

• Analysis of market effect factors and their impact on the forecast and outlook of the Philippines Structural Insulated Panels market

• A roadmap of growth opportunities available in the Philippines Structural Insulated Panels market with the identification of key factors

• The exhaustive analysis of various trends of the Philippines Structural Insulated Panels market to help identify market developments

• The report covers forecast and analysis for the market on a global and regional level.

• The report includes the drivers and the restraints that affect the growth of the market.

• The report discusses detailed information about the market opportunities.

• The market is segmented on the basis of product and end-user industry

• The key target audience for the market has been determined in the report.

• The revenue generated by the prominent industry players has been analyzed in the report.