Reports
Sale
Philippines Structural Insulated Panels Market Size, Share: By Product: Expanded Polystyrene (EPS) Panels, Rigid Polyurethane (PUR) and Rigid Polyisocyanurate (PIR) Panels, Glass Wool Panels, Others; By Application: Building Wall, Building Roof, Cold Storage; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Philippines Structural Insulated Panels Market Size
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% |
Philippines Structural Insulated Panels Market Outlook
- Energy-efficient SIPs, which promote healthy air quality in indoor environments, are expected to witness widespread adoption.
- High-strength SIPs with strong thermal performance are expected to find increasing application in industrial settings.
- Sustainable manufacturing practices are expected to play a key role in driving the market growth.
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 2024-2032 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
| 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
- Building Wall
- Building Roof
- Cold Storage
| CAGR 2024-2032 - Market by | Application |
| Building Roof | 5.1% |
| Building Wall | XX% |
| Cold Storage | XX% |
Philippines Structural Insulated Panels Market Share
| 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.
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
| 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:
|
| Breakup by Product |
|
| Breakup by Application |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Structural Insulated Panels Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Structural Insulated Panels Historical Market (2018-2023)
8.3 Asia Pacific Structural Insulated Panels Market Forecast (2024-2032)
9 Philippines Structural Insulated Panels Market Overview
9.1 Key Industry Highlights
9.2 Philippines Structural Insulated Panels Historical Market (2018-2023)
9.3 Philippines Structural Insulated Panels Market Forecast (2024-2032)
10 Philippines Structural Insulated Panels Market by Product
10.1 Expanded Polystyrene (EPS) Panels
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Rigid Polyurethane (PUR) and Rigid Polyisocyanurate (PIR) Panels
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Glass Wool Panels
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Philippines Structural Insulated Panels Market by Application
11.1 Building Wall
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Building Roof
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Cold Storage
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 ENERCON Specialty Building Systems Corporation
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Ultra Insulated Panel Systems Corp.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 PHINMA Corp. (Union Galvasteel Corp.)
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Metalink Manufacturing Corp.
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Kingspan Group
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Vbllu Inc.
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Structural Insulated Panels Market: Key Industry Highlights, 2018 and 2032
2. Philippines Structural Insulated Panels Market: Key Industry Highlights, 2018 and 2032
3. Philippines Structural Insulated Panels Historical Market: Breakup by Product (USD Million), 2018-2023
4. Philippines Structural Insulated Panels Market Forecast: Breakup by Product (USD Million), 2024-2032
5. Philippines Structural Insulated Panels Historical Market: Breakup by Application (USD Million), 2018-2023
6. Philippines Structural Insulated Panels Market Forecast: Breakup by Application (USD Million), 2024-2032
7. Philippines Structural Insulated Panels Market Structure
Key Questions Answered in the Report
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.
Purchase Options 10% off
Call us
Purchase Full Report
Datasheet
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER