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.
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.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.