London -- Worldwide growth of the insulated panel market is anticipated to grow almost 4%/year up to 2019, according to British research firm IAL Consultants.
Its new global directory of rigid metal-faced insulated panel producers, compiled in partnership with Isowall Consulting, said global demand for insulated panels in 2014 was over 298m m2 .
The report predicts that output of metal-faced insulated panels produced continuously or discontinuously will exceed 360m m2 in 2018.
Researchers found PU/PIR panel production in particular is a growth market where energy efficiency legislation has become more stringent.
The development of the cold chain and therefore the cold storage industry in Asia, the Middle East, China and India, will be a key driver of the market there.
The report team also warns that the continued growth of structural insulated panel use in Europe is uncertain despite initial growth spurts. The research also found that panel use in the US is not as widespread as in Europe.
The report explores the impact of cheap energy, particularly from shale gas, predicting impact that thick/high density insulation will decline, although this will be mainly in countries without legislation or energy codes for the product.
In addition, the potential knock-on effect of reduced liquidity in Chinese and US financial markets over the next five years was explored, as well as the potential for financial stability in India and South America and how this impacts construction markets.
Details of how to buy the report for £4,600 ($7,159) can be found on IAL Consultants' website. The report is also available in regional sections.
XE currency conversion: 6 July, 2015