The insulated metal panel market has enjoyed a noticeable upsurge in the last several years. Projections for metal construction overall, including insulated wall panels for sale, are expected to rise sharply. This is largely due to a push towards energy efficiency and green construction.
Insulated Metal Panel Industries
While there is concentrated metal panel in North America, a wide array of manufacturers are enjoying an uptick in insulated wall panels for sale and in metal construction overall. This has been partially due to the increase of insulated metal panels (IMPs) in the commercial, architectural, industrial, and cold storage industries.
The overall economic recovery after the recession has led to increased consumption of IMPs. The recovery most notably in the construction industry has helped considerably. This has resulted in more construction in a variety of sectors that capitalize on key benefits of metal constructions, including:
- Energy efficiency
- Recyclable materials
- Ease of installation
- Lower labor costs
- Lower cost of materials
Part of industry growth is due to the increased urbanization of developed and developing countries globally. Fiscal slowdown in some regions, especially with political unrest in many nations, may negatively affect specific markets. North America dominates the IMP market overall. This may be due to more advanced technologies allowing for a much larger market share.
Yet, there is room for considerable growth in the Asia and Pacific regions. This is being pushed by increased economic development. Japan and Korea will add to this growth. China and India will help keep metal construction growing at a steady pace, buttressing other societies in the region.
Metal construction provides a wide variety of key benefits including energy efficiency, durability, and versatility. Global economic growth is leading to an increase in metal construction, most notably IMPs.
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