Often used in commercial projects, Structural Insulated Panels (SIPs) have now found their way into residential structures. Studies show that the global SIP market size was estimated to be nearly USD 423.6 million in 2018.
Increasing demand for cost-effective and affordable residential solutions is driving the need for durable and high-performance building systems. Moreover, fast-paced industrialization and rapid urbanization is attracting enormous constructional projects—and that’s where SIPs come in!
What are SIPs
SIPs are high-quality panels used specifically in floor, ceiling and wall construction. The panel cores have insulating foam sandwiched between two structural facings. The outstanding strength and sturdiness of the fabrication is what makes SIPs popular among builders.
Let’s look at some other reasons why SIPs are booming in home construction projects:
An extra level of protection—fire-resistance
MagMatrix MgO SIPs are the next generation of MgO SIPs in the market. Apart from incredible durability and strength, they have a fire-rating that’s much better than traditional OSP and fiber cement panels.
Majority building codes require the use of at least one to four-hour fire-rated walls. MgO SIPs not only create a protective barrier to separate the occupancy and the hazardous areas, but they can also withstand temperatures up to 1200℃ for 240 minutes—considered as the best fire rated performance worldwide. Moreover, these panels adhere to the strict code requirements of the Australia, USA and EU fire rating levels.
Eco-friendly and economical wall system
MgO SIPs are termed as “green building materials” because their production doesn’t involve any heavy metals or organic solvents.
Plus, their moisture-resisting characteristics make them perfect for wet and humid climates. They’re tough, strong, and can resist growth of mold and mildew.
MgO panels lower the cost of the construction project because they don’t require the use of drywalls. The outer surface of the panels can be coated with brick veneer stone, a synthetic stucco finish or stone to provide a sturdy exterior.
Along with these, there are numerous other factors that contribute in boosting the global SIP market. A structural insulated panel can also be customized into different densities, shapes, sizes and appearance. Furthermore, lightweight properties and optimized cost offered by SIPs are anticipated to further propel their demand in residential construction projects.
Contact us today!
We provide high-quality fire rated flooring boards and Magnesium Oxide SIP panels that offer unparalleled fire-resistance, structural strength and outstanding insulation levels. Contact us for more information.