Categories: Market Research

Global Vacuum Insulation Panel Market Size and Forecast 2023-2032| Evonik Industries AG, Panasonic Corporation, DOW Corning Corporation, Kevothermal LLC, Microtherm Sentronic GmbH

The Vacuum Insulation Panel Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Vacuum Insulation Panel Global Market Report 2024, 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.

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.

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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

Innovation is a key trend in the vacuum insulation panel market. Innovation in the product is crucial to remain competitive in the market. Self-healing films are an innovation that is gaining traction. The thermal resistance of vacuum insulation panels (VIPs) is around R40/inch. During shipment and installation, the barrier film, that maintains the panel’s vacuum and thermal performance can be readily broken. The Oak Ridge National Laboratory is developing a self-healing barrier coating for VIPs that will instantaneously fix puncture damage. The self-healing barrier coating will prevent vacuum loss, allowing the VIPs to maintain thermal performance.

The vacuum insulation panel market report table of contents includes:

1. Executive Summary

2. Vacuum Insulation Panel Market Characteristics

3. Vacuum Insulation Panel Market Trends And Strategies

4. Vacuum Insulation Panel Market – Macro Economic Scenario

5. Global Vacuum Insulation Panel Market Size and Growth

26. South America Vacuum Insulation Panel Market

27. Brazil Vacuum Insulation Panel Market

28. Middle East Vacuum Insulation Panel Market

29. Africa Vacuum Insulation Panel Market

30. Vacuum Insulation Panel Market Competitive Landscape And Company Profiles

Top Major Players: