The global vacuum insulation panel market size is anticipated to reach USD 10.82 billion by 2030. The market is projected to grow at a CAGR of 4.3% from 2024 to 2030. Growing construction spending is expected to assist the growth for vacuum insulation panel over the forecast period. These are preferred more, owing to their thermal resistance properties compared to conventional insulation materials.
Moreover, the International Energy Agency issued strict regulations to conserve energy which has further propelled the demand for such panels. These panels help in reducing greenhouse gas emissions such as carbon dioxide from the atmosphere, thus helping to prevent polluting the environment to a large extent. Such a trend is anticipated to benefit the overall market over the next eight years.
However, vacuum insulation panels exhibit a heavier weight than conventional insulation materials which is expected to remain a key challenge for market participants. Factors such as, durability, shape and fragility are also anticipated to determine the demand for vacuum insulation panels in future.
Several R&D initiatives are being taken to introduce automated panels, which shall result in cost reduction of vacuum insulation panels over the forecast period. Recently, EVAL EVOH resins are added to provide an outer lamination coating for vacuum insulation panels to increase their shelf life.
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Moreover, the International Energy Agency issued strict regulations to conserve energy which has further propelled the demand for such panels. These panels help in reducing greenhouse gas emissions such as carbon dioxide from the atmosphere, thus helping to prevent polluting the environment to a large extent. Such a trend is anticipated to benefit the overall market over the next eight years.
However, vacuum insulation panels exhibit a heavier weight than conventional insulation materials which is expected to remain a key challenge for market participants. Factors such as, durability, shape and fragility are also anticipated to determine the demand for vacuum insulation panels in future.
Several R&D initiatives are being taken to introduce automated panels, which shall result in cost reduction of vacuum insulation panels over the forecast period. Recently, EVAL EVOH resins are added to provide an outer lamination coating for vacuum insulation panels to increase their shelf life.
Vacuum Insulation Panel Market Report Highlights
- The silica segment dominated the market with 45.2% of revenue share in 2023. This is due to their exceptional thermal insulation properties.
- The flat segment dominated the market with 55.1% of revenue share in 2023. This is due to their ease of manufacturing, handling, and installation.
- The metals segment accounted for the largest market revenue share in 2023. This is due to their excellent barrier properties, thermal conductivity properties and recyclability.
- Construction accounted for the largest market with a revenue share of 61.5% in 2023. The increasing demand for energy-efficient building materials is a significant factor driving the growth of VIPs in the construction sector.
- The North America vacuum insulation panel market is anticipated to grow at a CAGR of 4.1% during the forecast period.
The leading players in the Vacuum Insulation Panel market include:
- Evonik Industries AG
- LG Hausys Ltd
- Panasonic Corporation
- DOW
- OCI Ltd
- Kevothermal, LLC
- Porextherm Dämmstoffe GmbH
- Thermocor
- Va-Q-Tec AG
- Microtherm Sentronic GmbH
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Vacuum Insulation Panel Market Variables, Trends, & Scope
Chapter 4. Vacuum Insulation Panel Market: Core Material Estimates & Trend Analysis
Chapter 5. Vacuum Insulation Panel Market: Product Estimates & Trend Analysis
Chapter 6. Vacuum Insulation Panel Market: Raw Material Estimates & Trend Analysis
Chapter 7. Vacuum Insulation Panel Market: Application Estimates & Trend Analysis
Chapter 8. Vacuum Insulation Panel Market: Regional Estimates & Trend Analysis
Chapter 9. Competitive Landscape
Companies Mentioned
The leading players in the Vacuum Insulation Panel market include:- Evonik Industries AG
- LG Hausys Ltd
- Panasonic Corporation
- DOW
- OCI Ltd
- Kevothermal, LLC
- Porextherm Dämmstoffe GmbH
- Thermocor
- Va-Q-Tec AG
- Microtherm Sentronic GmbH
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 8.25 Billion |
| Forecasted Market Value ( USD | $ 10.82 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
