The choice of material for walls is the main problem for erection of a building. Structural Insulated Panels (SIP) gain popularity for the construction of low-rise buildings. The purpose of the study was to research of advantages, disadvantages of this material and its prospects of development in the building market. The purpose of this article is identification of the prospects for using the material in low-rise housing construction. The article is based on brief overview of the scientific publications. The study showed that panels have good technical and economic characteristics and high level of heat protection. Based on the findings was established that Buildings made of Structural Insulated Panels allow to solve the problems of comfortable and affordable construction. Nowadays CIP-panels is becoming increasingly popular for the construction of houses on the countryside