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
Market size value in 2021
US$ 8.21 Billion
Market forecast in 2027
US$ 11.29 Billion
CAGR of 5.10% from 2022 to 2027
Base year for estimation
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.
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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.
Breakup by Type:
- Flat Panel
- Special Shape Panel
Breakup by Raw Material:
Breakup by Core Material:
Breakup by Application:
- Cooling and Freezing Devices
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:
- Scope and Methodology
- Executive Summary
- Global Vacuum Insulation Panel Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
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