The vacuum insulation panel global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Vacuum Insulation Panel Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The vacuum insulation panel market size has grown steadily in recent years. It will grow from $7.66 billion in 2023 to $8.03 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to green building initiatives, energy efficiency regulations, cost reduction efforts, industrial insulation needs, globalization of markets.
The vacuum insulation panel market size is expected to see steady growth in the next few years. It will grow to $9.74 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to increasing sustainable and green construction practices, growing demand for hvac efficiency, aerospace and automotive growth, urbanization and infrastructure development, increased awareness of climate change. Major trends in the forecast period include advanced manufacturing techniques, customized vip solutions, nanotechnology integration, smart building integration, hybrid insulation systems.
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Scope Of Vacuum Insulation Panel Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Vacuum Insulation Panel Market Overview
Market Drivers –
The increasing focus on energy efficiency is expected to propel the growth of the vacuum insulation panel market going forward. Energy efficiency refers to the efficient use of energy to achieve a desired output while minimizing waste and reducing energy consumption. Vacuum insulation panels, or VIPs, play a significant role in energy efficiency as they are used in buildings and refrigeration to provide high levels of thermal insulation, which can help reduce energy consumption and costs. For instance, in December 2022, the European Union, a Netherlands-based political and economic union of 27 member states, committed to a 32.5% reduction of energy consumption by the year 2030. This translates into a primary energy consumption of no more than 1,273 million tons of oil equivalent (Mtoe) and a final energy consumption of no more than 956 Mtoe in 2030. Therefore, the increasing focus on energy efficiency is driving the growth of the vacuum insulation panel market.
The vacuum insulation panel market covered in this report is segmented –
1) By Type: Flat, Special shape
2) By Raw Material: Silica, Fiberglass, Plastic, Metal, Other Raw Materials
3) By Application: Construction, Cooling and Freezing Devices, Logistics, Other Applications
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Regional Insights –
Asia-Pacific was the largest region in the vacuum insulation panel market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vacuum insulation panel market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the vacuum insulation panel market include Evonik Industries AG, Panasonic Corporation, DOW Corning Corporation, Kevothermal LLC, Microtherm Sentronic GmbH, va-Q-tec AG, OCI Company Ltd., Thermal Visions Inc., LG Hausys Ltd., Porextherm Dämmstoffe GmbH, ThermoCor, Kingspan Group, Johns Manville Corporation, Owens Corning Inc., Saint-Gobain S.A., GAF Materials Corporation, Atlas Roofing Corporation, Huntsman Corporation, Cabot Corporation, BASF SE, DuPont de Nemours Inc., 3M Company, Avery Dennison Corporation, Nitto Denko Corporation, Sekisui Chemical Co. Ltd., Armacell International S.A., Morgan Advanced Materials plc, Unifrax I LLC, Aspen Aerogels Inc., Insulfoam EPS, West Coast Insulation Inc.
Table of Contents
1. Executive Summary
2. Vacuum Insulation Panel Market Report Structure
3. Vacuum Insulation Panel Market Trends And Strategies
4. Vacuum Insulation Panel Market – Macro Economic Scenario
5. Vacuum Insulation Panel Market Size And Growth
…..
27. Vacuum Insulation Panel Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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