Mexican Insulated Panels Market Global Opportunity Analysis and Industry Forecast, 2017-2022 Mexican Insulated Panels Market for Prefabricated Covers by Foam Type, Skin Material, and End-user Industry: Opportunity Analysis and Industry Forecast, 20172022, the Mexican insulated panels market for prefabricated covers was valued at $3,505 million in 2016, and is projected to reach $5,207 million by 2022, growing at a CAGR of 6.71% from 2017 to 2022. The polyurethane foam type accounted for more than 60% share of the Mexican market in 2016. Access Full Summary insulated-panels-market
at
: https://www.alliedmarketresearch.com/mexican-
Insulated panels are prefabricated high-performance insulated structures used in the construction of walls, floors, ceilings, and roofs. The use of insulated panels in construction industry replaces the conventional stick frame construction. These panels are preferred over conventional building material as they provide high performance and green building qualities, which help in saving building time, money, and labor. Insulated panels are manufactured by sandwiching an insulated foam between two skin layers. Polyurethane and polystyrene are some of the commonly used insulated foam materials in insulated panels. Cold storage is a major end use of insulated panels, as the demand for cold storage for frozen poultry & meat, ice-cream & dairy products, frozen fruits & vegetables, and chemical storage is increasing due to rapid industrialization in the Mexican region. The factors that drive the Mexican insulated panels market for prefabricated covers include high-paced urbanization and globalization, and increase in demand for refrigerated vehicles and cold storage containers. However, vulnerability to pests and susceptibility to moisture are expected to hamper this growth in the near future. The ecofriendly nature of insulating panels is expected to provide a major opportunity for market expansion. By foam type, the market is divided into polyurethane foam, polystyrene, and others. Polystyrene registers the highest CAGR throughout the analysis period, owing to high moisture resistance, better fire retardant, chemically inert, lightweight, and high compressive strength. By skin material, the market is divided into steel-steel, steel-cardboard, steel-vinyl ester, cardboard-cardboard, and others. Steel-cardboard skin material accounted for the highest CAGR, due to the better insulation of the core material as compared to steel-steel skin and the use of steel-cardboard insulated panels in cold storage transportation trucks.