Vacuum Insulation Panel Market Overview 2023-2028:
The global vacuum insulation panel market size reached US$ 8.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.
A vacuum insulation panel (VIP) is a type of thermal insulation consisting of a gas-tight enclosure surrounding a durable and rigid core. It possesses enhanced insulating properties and is more efficient compared to other insulating materials. It is extremely thin, making it accurate for applications in which wherein space is limited. It offers higher thermal resistance per unit thickness and can be utilized for flooring and roofing purposes. Furthermore, it is capable of withstanding external loads caused by atmospheric pressure.
Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape
- Strategies of major players and product offerings
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Vacuum Insulation Panel Market Trends and Drivers:
At present, the increasing demand for VIPs for automated storage and retrieval purposes represents one of the primary factors propelling the growth of the market. Besides this, the rising construction of industrial and commercial infrastructure around the world is contributing to the growth of the market. In addition, the growing utilization of energy-efficient construction materials as they reduce the occurrence of pollution and minimize the impacts of global warming is offering a favorable market outlook. Apart from this, the increasing application of VIPs in commercial refrigeration, cryogenic, and cold chain purposes is supporting the growth of the market. Additionally, the rising installation of VIPs to minimize the requirement of heating or cooling indoors is bolstering the growth of the market. Moreover, the increasing employment of VIPs with glass-fiber core in hot water tanks, domestic ovens, and concentrated solar plants is strengthening the growth of the market.
Global Vacuum Insulation Panel Market Analysis and Segmentation 2023-2028:
Top Key Players covered in this report are: 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. and Va-Q-Tec AG.
The report has segmented the market on the basis of region, type, raw material, core material and application.
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
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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