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US and Mexico insulated panels market was exceeded USD 634 million in 2018 and is expected to surpass USD 1.01 billion by 2026, according to report by Allied Market Research. The report provides a detailed analysis of the drivers & opportunities, wavering market trends, competitive market scenario, and market size & estimates.Rapid urbanization & globalization, and increase in demand for refrigerated vehicles & cold storage containers fuel the growth of the US and Mexico insulated panels market. On the other hand, its easy vulnerability to pest attacks restrains the growth to some extent. However, the eco-friendly nature of insulating panels is expected to create a number of lucrative opportunities for the key players in the industry.
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Based on end-use industry, the construction segment contributed to one-third of the total US and Mexico insulated panels market revenue in 2018 and is expected to lead the trail throughout 2019–2026. High investments made by the government in infrastructure, energy, and commercial construction projects have led to the growth of the segment. At the same time, the cold storage segment is anticipated to grow at the highest CAGR of 6.8% during the study period. This is due to the rise in demand for cold storage in supermarkets, convenience stores, butcheries, and restaurants.
Based on skin material, the steel-steel segment accounted for more than two-thirds of the total US and Mexico insulated panels market share in 2018 and is anticipated to rule the roost till 2026. Growth of frozen food market in the U.S. and Mexico and rapid urbanization are the major two factors that boost the usage of these insulating panels. On the other hand, the steel-cardboard segment is projected to grow at the fastest CAGR of 8.1% during the forecast period. This is attributed to its added benefits such as lost cost of insulated panels, structural strength, and lightweight nature which have increased the demand for steel—cardboard material in the region.
Key market players-
1. All Weather Insulated Panels
2. Alply Inc.
3. Laminators Inc.
4. Centria
5. Advanced Insulation Concepts Inc.
6. Industrias Unypanel SA DE CV
7. Ecostruct Panel Systems
8. Green Span Profiles
9. Butler Manufacturing
10. Metecno SPA
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Based on geography, the U.S region generated the major share in 2018, holding nearly two-thirds of the total US and Mexico insulated panels market. This is attributed to the presence of the key players such as Kingspan, American Insulated Panels, and All Weather Insulated Panels (AWIP) in the region. Simultaneously, Mexico would cite the fastest CAGR of 6.3% throughout the estimated period. Rapid growth of construction activities in the region has led to a high demand for insulated panels in restaurants and cold storages.
Major key players profiled in the U.S. and Mexico insulated panels market are Centria, All Weather Insulated Panels, Butler Manufacturing, Laminators Inc., Advanced Insulation Concepts Inc., Alply Inc., Green Span Profiles, Industrias Unypanel SA DE CV, Metecno SPA, and Ecostruct Panel Systems.
About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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Organization: Allied Market Research
Address: 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States
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Website: https://www.alliedmarketresearch.com/
Release ID: 89034898
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