April 16, 2019
WELLESLEY, Mass., April 16, 2019–A boom in green building and trends in the housing and commercial construction markets are factors driving growth of the advanced structural insulation market, according to a report by BCC Research.
The market expects to see a compound annual growth rate (CAGR) of 8.3% through 2023, when it could be worth $4.5 billion, according to the report “Advanced Structural Insultation: Global Markets to 2023.”
“In today’s market, residential and commercial builders are faced with myriad options for improving building energy efficiency including high-performance insulation, energy efficient equipment, and a growing cadre of smart systems and controls,” notes report author Robert Eckard. “When seeking green building certification or simply higher energy efficiency construction, cost effectiveness and multiple benefits become critical factors in selecting energy efficient, green technologies.”
Drawbacks Include Capital Costs, Roofing Concerns
While structural insulation is widely lauded for its beneficial properties, there are several traits which may cause builders to choose other materials. Chief among those, the report notes, are capital costs. On a square foot basis, structural insulation costs about 30% more than off-the-shelf wood, metal, fiberglass, and other conventional elements. Meanwhile, the use of asphalt shingles over unvented SIP roofs will void many warranties, and SIPs have been found to reduce the life of a roof by about 10%.
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Advanced Structural Insulation: Global Markets to 2023( AVM157A )
Publish Date: Mar 2019
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