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Philippines Structural Insulated Panels Market Size 2019 – Growing Demand Status of Top Manufacturers with Industry Share, Size, Projection, Consumption Forecast to 2024


The “Philippines Structural Insulated Panels Market” report 2019 provides information for market players, stakeholders, investors, and business strategists to achieve a leading position the market. It maintains the record of Unusual growth strategies adopted by various companies are creating new standards for competition in the global Philippines Structural Insulated Panels market. Businesses around the world are aiming at increasing their profit margin and establishing a stronghold in the global market. The impact of prevailing regulatory scenario on both regional and worldwide Philippines Structural Insulated Panels market is provided in detail in the report.

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Philippines Structural Insulated Panels Market Covers Key Players:

  • 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.

    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%.<

    Report Highlights:

    • The report provides a detailed analysis on current and future market trends to identify the investment opportunities
    • Market forecasts till 2024, using estimated market values as the base numbers
    • Key market trends across the business segments, Regions and Countries
    • Key developments and strategies observed in the market
    • Market Dynamics such as Drivers, Restraints, Opportunities and other trends
    • In-depth company profiles of key players and upcoming prominent players
    • Growth prospects among the emerging nations through 2024
    • Philippines Structural Insulated Panels Market opportunities and recommendations for new investments

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    Scope of the Report:

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

    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.

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    Detailed TOC of Philippines Structural Insulated Panels Market Report 2019-2024:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    4.1 Drivers
    4.1.1 Increasing Demand from the Construction Sector
    4.2 Restraints
    4.2.1 Advancements in Building Technologies, such as Modular Construction Techniques
    4.3 Industry Value-Chain Analysis
    4.4 Industry Attractiveness – Porter’s Five Forces Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Intensity of Competitive Rivalry

    5.1 Product
    5.1.1 Expanded Polystyrene (EPS) Panels
    5.1.2 Rigid Polyurethane (PUR) and Rigid Polyisocyanurate (PIR) Panels
    5.1.3 Glass Wool Panels
    5.1.4 Other Products (Extruded Polystyrene Foam)
    5.2 Application
    5.2.1 Building Wall
    5.2.2 Building Roof
    5.2.3 Cold Storage

    6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Market Share Analysis**
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 ENERCON Specialty Building Systems Corporation
    6.4.2 iSTEEL Inc.
    6.4.3 Kingspan Group
    6.4.4 Metalink
    6.4.5 Shanghai Seventrust Industry Co. Ltd
    6.4.6 SRC Intl. Panel System Inc.
    6.4.7 Supersonic Manufacturing Inc.
    6.4.8 Ultra Insulated Panel Systems Corporation (UIPSC)?
    6.4.9 Union Galvasteel Corporation (UGC)
    6.4.10 VBLLU Inc.
    6.4.11 Thermasip
    6.4.12 Ultra Insulated Panel Systems Corporation
    6.4.13 VBLLU Inc.
    6.4.14 iSTEEL, Inc.

    7.1 Increasing Cold Storage Applications


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