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Insulated metal panels are structural panels used in the construction of buildings. They are sandwiched composite panels where a light-weight insulating foam core is inserted between the metal skins. These panels are light-weight, exhibit exceptional insulating properties, and can be installed easily and quickly. Due to its easy installation property, insulated metal panels are cost-effective and inexpensive as compared to other wall assemblies. They help in improving the energy efficiency of buildings and in reducing carbon footprint. They are generally used for construction of roofs and walls in commercial buildings, architectural buildings, cold storage buildings etc. Different panels with varying attributes are employed depending on the type of buildings for which they are used. The commercial & industrial segment includes recreational buildings, institutional buildings, government buildings, and manufacturing plants. These buildings require energy-efficient insulation and light-weight construction. Schools or power plants constructed with insulated metal panels benefit from energy efficiency. Architectural buildings require specially designed insulated metal panels, including the attributes required for commercial and institutional buildings such as higher insulation values, light-weight constructions, quick assemblies etc. Additionally, they require customization in shapes, colors, finishes, and fabrication such as bent corners, curved panels, and trim less ends. Insulated metal panels are a highly efficient option for applications that involve temperature control. In the food & beverage industry, where temperature is a crucial parameter, having a direct impact on the quality and perishability of the food articles, insulated metal panels demonstrate to be a cost-effective and beneficial option. Demand for insulated metal panels has been on the rise at a steady pace, due to the growing influence of sustainable building initiatives. However, with insulated metal panels, the choice of material used has a crucial role to play in the overall structural stability of the construction. Aluminum metal panels attached with galvanized steel fasteners have high chances of corrosion. Furthermore, insulated panels employed in buildings exposed to extreme temperatures possess high risks of undergoing deformation.
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Based on application, the insulated metal panels market can be segmented into commercial & industrial, architectural, cold storage, and insulated roof. At present, the commercial & industrial buildings segment dominates the insulated metal panels market. It is projected to retain its position during the forecast period. The cold storage segment is anticipated to expand at a significant pace in the near future as temperature control, which is crucial in such buildings, can be easily achieved with the help of insulated metal panels.
Based on geography, the insulated metal panels market can be divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America presently dominates the market, owing to the availability of advanced technologies in the region. The U.S. contributes to a major share of the market in the region. Furthermore, Asia Pacific is projected to show significant growth during the forecast period, owing to its rapid industrial and infrastructural progress and economic development.
Key players operating in the insulated metal panels market are Metl-Span an NCI Building Systems company, Kingspan, MBCI, an NCI Building Systems company, Huntsman International LLC, ATAS International, Inc., Centria.
The insulated metal panels market is projected to provide lucrative opportunities, especially in Asia Pacific, led by the infrastructural, industrial, and economic development in the countries such as China and India in the region. Moreover, countries such as Japan and Korea are expected to contribute significantly to the insulated metal panels market in Asia Pacific. The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications. The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa) The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain. A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period. Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market
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