+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Vacuum Insulation Panel Market Report by Type, Raw Material, Core Material, Application, and Region 2024-2032

  • PDF Icon

    Report

  • 135 Pages
  • April 2024
  • Region: Global
  • IMARC Group
  • ID: 5753427
Description Jump to:
The global vacuum insulation panel market size reached US$ 9.1 Billion in 2023. Looking forward, the market is projected to reach US$ 13.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.39% during 2023-2032.

A vacuum insulation panel (VIP) is a flat element comprising an open porous core material, which withstands the external load caused by atmospheric pressure and a gas-tight envelope to maintain the required quality of the vacuum. It is ideal for the transportation of heat-sensitive products in extreme conditions, such as prolonged periods and intense temperatures. It offers low insulation thickness and high-performance thermal insulation. As a result, VIP finds extensive applications in the construction and logistics industries across the globe.

Vacuum Insulation Panel Market Trends

In recent years, significant progress in nanotechnology and material sciences, allowing the adaptation of known theoretical principles of thermal physics in practice, has resulted in the development of high-performance thermal insulators. This, in confluence with increasing construction activities on account of rapid industrialization and urbanization across the globe, represents one of the key factors bolstering the growth of the market. Moreover, VIPs are used as external or internal insulation in detached houses, apartment buildings, nurseries, and office buildings in new construction and renovations. They are also utilized for insulating floors, facades, flat roofs, terraces, walls, attic hatches, and stairs.

Apart from this, they are used in refrigerated trucks and transportation systems, vending machines, cold storage units like fridges, freezers, and wine coolers, and packaging for medical and pharmaceutical products. In addition, VIPs are viable for high-temperature applications, such as domestic ovens, furnaces, hot water tanks, and concentrated solar plants, especially with heat-resistant glass-fiber core panels. Besides this, VIPs exhibit superior insulation performance than conventional insulating panels, which is impelling the growth of the market. Furthermore, the rapid expansion of cold storage facilities worldwide is positively influencing the market.

Key Market Segmentation

This report provides an analysis of the key trends in each sub-segment of the global vacuum insulation panel market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on type, raw material, core material and application.

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

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.

Key Questions Answered in This Report

1. What was the size of the global vacuum insulation panel market in 2023?
2. What is the expected growth rate of the global vacuum insulation panel market during 2024-2032?
3. What are the key factors driving the global vacuum insulation panel market?
4. What has been the impact of COVID-19 on the global vacuum insulation panel market?
5. What is the breakup of the global vacuum insulation panel market based on the type?
6. What is the breakup of the global vacuum insulation panel market based on the core material?
7. What is the breakup of the global vacuum insulation panel market based on the application?
8. What are the key regions in the global vacuum insulation panel market?
9. Who are the key players/companies in the global vacuum insulation panel market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Vacuum Insulation Panel Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Flat Panel
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Special Shape Panel
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Raw Material
7.1 Plastics
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Metal
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Core Material
8.1 Silica
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Fiberglass
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Application
9.1 Construction
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Cooling and Freezing Devices
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Logistics
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Avery Dennison Corporation
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 BASF SE
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Etex Building Performance NV (Etex Group)
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Evonik Industries AG (RAG-Stiftung)
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Kevothermal Ltd
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Kingspan Group plc
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Knauf Insulation
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Morgan Advanced Materials
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9 OCI Company Ltd.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Panasonic Corporation
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 TURNA d.o.o.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.12 Va-Q-Tec AG
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
List of Figures
Figure 1: Global: Vacuum Insulation Panel Market: Major Drivers and Challenges
Figure 2: Global: Vacuum Insulation Panel Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Vacuum Insulation Panel Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Vacuum Insulation Panel Market: Breakup by Type (in %), 2023
Figure 5: Global: Vacuum Insulation Panel Market: Breakup by Raw Material (in %), 2023
Figure 6: Global: Vacuum Insulation Panel Market: Breakup by Core Material (in %), 2023
Figure 7: Global: Vacuum Insulation Panel Market: Breakup by Application (in %), 2023
Figure 8: Global: Vacuum Insulation Panel Market: Breakup by Region (in %), 2023
Figure 9: Global: Vacuum Insulation Panel (Flat Panel) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Vacuum Insulation Panel (Flat Panel) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Vacuum Insulation Panel (Special Shape Panel) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Vacuum Insulation Panel (Special Shape Panel) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Vacuum Insulation Panel (Plastics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Vacuum Insulation Panel (Plastics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Vacuum Insulation Panel (Metal) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Vacuum Insulation Panel (Metal) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Vacuum Insulation Panel (Silica) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Vacuum Insulation Panel (Silica) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Vacuum Insulation Panel (Fiberglass) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Vacuum Insulation Panel (Fiberglass) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Vacuum Insulation Panel (Other Core Materials) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Vacuum Insulation Panel (Other Core Materials) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Vacuum Insulation Panel (Construction) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Vacuum Insulation Panel (Construction) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Vacuum Insulation Panel (Cooling and Freezing Devices) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Vacuum Insulation Panel (Cooling and Freezing Devices) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Vacuum Insulation Panel (Logistics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Vacuum Insulation Panel (Logistics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Vacuum Insulation Panel (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Vacuum Insulation Panel (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: North America: Vacuum Insulation Panel Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: North America: Vacuum Insulation Panel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: United States: Vacuum Insulation Panel Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: United States: Vacuum Insulation Panel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Canada: Vacuum Insulation Panel Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Canada: Vacuum Insulation Panel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Asia-Pacific: Vacuum Insulation Panel Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Asia-Pacific: Vacuum Insulation Panel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: China: Vacuum Insulation Panel Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: China: Vacuum Insulation Panel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Japan: Vacuum Insulation Panel Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Japan: Vacuum Insulation Panel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: India: Vacuum Insulation Panel Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: India: Vacuum Insulation Panel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: South Korea: Vacuum Insulation Panel Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: South Korea: Vacuum Insulation Panel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Australia: Vacuum Insulation Panel Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Australia: Vacuum Insulation Panel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Indonesia: Vacuum Insulation Panel Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Indonesia: Vacuum Insulation Panel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Others: Vacuum Insulation Panel Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Others: Vacuum Insulation Panel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Europe: Vacuum Insulation Panel Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Europe: Vacuum Insulation Panel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Germany: Vacuum Insulation Panel Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Germany: Vacuum Insulation Panel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: France: Vacuum Insulation Panel Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: France: Vacuum Insulation Panel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: United Kingdom: Vacuum Insulation Panel Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: United Kingdom: Vacuum Insulation Panel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Italy: Vacuum Insulation Panel Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Italy: Vacuum Insulation Panel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Spain: Vacuum Insulation Panel Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Spain: Vacuum Insulation Panel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Russia: Vacuum Insulation Panel Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Russia: Vacuum Insulation Panel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Others: Vacuum Insulation Panel Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Others: Vacuum Insulation Panel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Latin America: Vacuum Insulation Panel Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Latin America: Vacuum Insulation Panel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Brazil: Vacuum Insulation Panel Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Brazil: Vacuum Insulation Panel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Mexico: Vacuum Insulation Panel Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Mexico: Vacuum Insulation Panel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Others: Vacuum Insulation Panel Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Others: Vacuum Insulation Panel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Middle East and Africa: Vacuum Insulation Panel Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Middle East and Africa: Vacuum Insulation Panel Market: Breakup by Country (in %), 2023
Figure 79: Middle East and Africa: Vacuum Insulation Panel Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Global: Vacuum Insulation Panel Industry: SWOT Analysis
Figure 81: Global: Vacuum Insulation Panel Industry: Value Chain Analysis
Figure 82: Global: Vacuum Insulation Panel Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Vacuum Insulation Panel Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Vacuum Insulation Panel Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Vacuum Insulation Panel Market Forecast: Breakup by Raw Material (in Million US$), 2024-2032
Table 4: Global: Vacuum Insulation Panel Market Forecast: Breakup by Core Material (in Million US$), 2024-2032
Table 5: Global: Vacuum Insulation Panel Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 6: Global: Vacuum Insulation Panel Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Vacuum Insulation Panel Market: Competitive Structure
Table 8: Global: Vacuum Insulation Panel Market: Key Players

Companies Mentioned

  • 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.

Methodology

Loading
LOADING...

Table Information

Report AttributeDetails
No. of Pages135
PublishedApril 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 9.1 Billion
Forecasted Market Value ( USD ) by 2032 $ 13.4 Billion
Compound Annual Growth Rate4.3%
Regions CoveredGlobal
No. of Companies Mentioned12

Related Topics

Related Reports

Vacuum Insulation Panel Market Global Forecast Report by Types, Raw Materials, Core Materials, Application, Countries and Company Analysis 2024-2032 - Product Image

Vacuum Insulation Panel Market Global Forecast Report by Types, Raw Materials, Core Materials, Application, Countries and Company Analysis 2024-2032

  • Report
  • 110 Pages
  • Global
From
Vacuum Insulation Panels - Global Strategic Business Report - Product Image

Vacuum Insulation Panels - Global Strategic Business Report

  • Report
  • 192 Pages
  • Global
From
Vacuum Insulation Panels Market by Raw Material, Type, Application - Global Forecast 2025-2030 - Product Image

Vacuum Insulation Panels Market by Raw Material, Type, Application - Global Forecast 2025-2030

  • Report
  • 191 Pages
  • Global
From
2024 Vacuum Insulation Panels Market Outlook Report: Industry Size, Market Shares Data, Insights, Growth Trends, Opportunities, Competition 2023 to 2031 - Product Image

2024 Vacuum Insulation Panels Market Outlook Report: Industry Size, Market Shares Data, Insights, Growth Trends, Opportunities, Competition 2023 to 2031

  • Report
  • 144 Pages
  • Global
From
Vacuum Insulation Panel Global Market Report 2024 - Product Image

Vacuum Insulation Panel Global Market Report 2024

  • Report
  • 200 Pages
  • Global
From

About the Market

Vacuum Insulated Panels (VIPs) are a type of insulation used in the construction industry. They are composed of two thin metal sheets separated by a vacuum gap, which is filled with a low-conductivity gas. This creates a highly efficient insulation system that is lightweight and easy to install. VIPs are often used in walls, roofs, and floors, as well as in refrigeration and air conditioning systems. VIPs are becoming increasingly popular due to their superior insulation properties and their ability to reduce energy consumption. They are also more cost-effective than traditional insulation materials, such as fiberglass and foam. Additionally, VIPs are non-toxic and non-flammable, making them a safe and sustainable choice for insulation. Some companies in the Vacuum Insulated Panel market include Kingspan, Isopan, and Armacell. Show Less Read more

Copyright © 2002-2024 Research and Markets. All Rights Reserved.