Base Year
Historical Year
Forecast Year
The Philippines structural insulated panels market is projected to grow at a CAGR of 4.2% between 2024 and 2032, due to the expansion of the country’s pharma and warehousing industries.
| Philippines Structural Insulated Panels Market Report Summary | Description | Value |
| Base Year | USD Million | 2023 |
| Historical Period | USD Million | 2018-2023 |
| Forecast Period | USD Million | 2024-2032 |
| Market Size 2023 | USD Million | XX |
| Market Size 2032 | USD Million | XX |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 4.2% |
| CAGR 2024-2032 - Market by Product | Rigid Polyurethane (PUR) and Rigid Polyisocyanurate (PIR) Panels | 4.8% |
| CAGR 2024-2032 - Market by Application | Building Roof | 5.1% |
| 2023 Market Share by Product | Expanded Polystyrene (EPS) Panels | XX% |
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 Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
| CAGR 2024-2032 - Market by | Product |
| Rigid Polyurethane (PUR) and Rigid Polyisocyanurate (PIR) Panels | 4.8% |
| Expanded Polystyrene (EPS) Panels | 4.5% |
| Glass Wool Panels | XX% |
| Others | XX% |
Market Breakup by Application
| CAGR 2024-2032 - Market by | Application |
| Building Roof | 5.1% |
| Building Wall | XX% |
| Cold Storage | XX% |
| 2023 Market Share by | Product |
| Expanded Polystyrene (EPS) Panels | XX% |
| Rigid Polyurethane (PUR) and Rigid Polyisocyanurate (PIR) Panels | XX% |
| Glass Wool Panels | XX% |
| Others | XX% |
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.
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.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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Philippines Structural Insulated Panels Market Size
Philippines Structural Insulated Panels Market Growth
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 4.2% between 2024 and 2032.
The different products in the market are expanded polystyrene (EPS) panels, rigid polyurethane (PUR) and rigid polyisocyanurate (PIR) panels, and glass wool panels, among others.
The different applications of structural insulated panels include building wall, building roof, and cold storage.
The key market players are ENERCON Specialty Building Systems Corporation, Ultra Insulated Panel Systems Corp., PHINMA Corp. (Union Galvasteel Corp.), Metalink Manufacturing Corp., Kingspan Group, and Vbllu Inc., among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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