Vacuum Insulation Panel Market Size to Hit US$ 11.29 Billion Over 2027 at 5.10% CAGR

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IMARC Group expects the market to reach a value of US$ 11.29 Billion by 2027, exhibiting a CAGR of 5.10% during 2022-2027.

According to the latest report by IMARC Group, titled “Vacuum Insulation Panel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global vacuum insulation panel market growth. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global vacuum insulation panel market size reached a US$ 8.21 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 11.29 Billion by 2027, exhibiting a CAGR of 5.10% during 2022-2027.

A vacuum insulation panel (VIP) is a flat element containing an open porous core material that withstands the outward load caused by atmospheric pressure. It is ideal for transporting heat-sensitive products in harsh conditions, extended periods, and extreme temperatures. Some commonly used VIP cores include foams, fibers, powders, and fiber-powder composites. It offers low insulation thickness and high-performance thermal insulation while providing better insulation performance than conventional insulation materials. As a result, VIP finds extensive applications in building construction, insulated shipping containers, refrigerating units, and logistics industries across the globe.

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Important Attribute and highlights of the Report:

  • Detailed analysis of the global market share
  • Market Segmentation by type, sales channel, application and region.
  • Historical, current, and projected size of the market in terms of volume and value
  • Latest industry trends and developments
  • Competitive Landscape for vacuum insulation panel market
  • Strategies of major players and product offerings

The market is primarily driven by the expanding industrial sectors and development in the construction and consumer durables industries. In addition, significant advancements in nanotechnology and material sciences allowed the adaptation of known theoretical principles of thermal physics in practice, thus resulting in the development of high-performance thermal insulators.

This, coupled with the rising product adoption as internal or external insulation in nurseries, detached houses, apartment buildings, office buildings, floors, facades, flat roofs, terraces, walls, attic hatches, and stairs in new construction and renovations, is augmenting the market growth. Apart from this, VIPs are employed for high-temperature applications, such as furnaces, hot water tanks, domestic ovens, concentrated solar plants, and heat-resistant glass-fiber core panels, which is also creating a positive market outlook across the globe.

Vacuum Insulation Panel Market Report Scope

Report Coverage

Details

Market size value in 2021

US$ 8.21 Billion

Market forecast in 2027

US$ 11.29 Billion

Growth Rate

CAGR of 5.10% from 2022 to 2027

Base year for estimation

2021

Historical data

2016-2021

Forecast period

2022-2027

Key Players Included in Global Research Report:

  • Avery Dennison Corporation
  • BASF SE
  • Etex Building Performance NV (Etex Group)
  • Evonik Industries AG (RAG-Stiftung)
  • Kevothermal Ltd
  • Kingspan Group plc
  • Knauf Insulation
  • Morgan Advanced Materials
  • OCI Company Ltd.
  • Panasonic Corporation
  • TURNA d.o.o.
  • Va-Q-Tec AG.

Do you know more information, Contact to our analyst at– https://www.imarcgroup.com/vacuum-insulation-panel-market

Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Market Segmentation:

Breakup by Type:

  • Flat Panel
  • Special Shape Panel

Breakup by Raw Material:

  • Plastics
  • Metal

Breakup by Core Material:

  • Silica
  • Fiberglass
  • Others

Breakup by Application:

  • Construction
  • Cooling and Freezing Devices
  • Logistics
  • Others

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

TOC for the Vacuum Insulation Panel Market Research Report:

  • Preface
  • Scope and Methodology
  • Executive Summary
  • Introduction
  • Global Vacuum Insulation Panel Market
  • SWOT Analysis
  • Value Chain Analysis
  • Price Analysis
  • Competitive Landscape

Who we are:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact us:

IMARC Group

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