February 2, 2023
vacuum insulation panel market

Market Overview 2022-2027

The latest research study “Global Vacuum Insulation Panel Market Size, Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global vacuum insulation panel market reached a value of US$ 8.21 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 11.29 Billion by 2027, exhibiting a CAGR of 5.10% during 2022-2027.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Industry Definition and Application:

A vacuum insulation panel (VIP) refers to the flat element comprising an open porous core material that withstands the external load caused by atmospheric pressure and a gas-tight envelope to maintain the required quality of the vacuum. It provides low insulation thickness and superior thermal insulation performance as compared to conventional insulating panels. In line with this, VIP is ideal for the transportation of heat-sensitive products in extreme conditions, including prolonged period and intense temperature. Consequently, it is extensively utilized in various industries, such as construction and logistics, across the countries.

Global Vacuum Insulation Panel Market Trends and Drivers: 

The increasing cold storage facilities are primarily driving the vacuum insulation panel market. Additionally, the widespread adoption of VIPs as external or internal insulation in detached houses, apartment buildings, nurseries, office buildings, attic hatches, etc., is further catalyzing the market growth. Besides this, the growing utilization of vacuum insulation panels in refrigerated trucks and transportation systems, vending machines, freezers, wine coolers, etc., is acting as another significant growth-inducing factor. Moreover, VIPs are viable for high-temperature applications, including domestic ovens, furnaces, hot water tanks, and concentrated solar plants, particularly with heat-resistant glass-fiber core panels, which is also positively influencing the global market. Apart from this, the development of enhanced thermal insulators, on account of numerous advancements in nanotechnology and material sciences, is anticipated to fuel the vacuum insulation panel market over the forecasted period.

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Download free sample brochure: https://www.imarcgroup.com/vacuum-insulation-panel-market/requestsample

Vacuum Insulation Panel Market Report Scope
Report CoverageDetails
Market size value in 2021US$ 8.21 Billion
Market forecast in 2027US$ 11.29 Billion
Growth RateCAGR of 5.10% from 2022 to 2027
Base year for estimation2021
Historical data2016-2021
Forecast period2022-2027
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments coveredType, Raw Material, Core Material, Application and Region
Regional scopeNorth America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Key companies profiledAvery 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.
Market DynamicsParent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization previewIf our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Report Segmentation:

The report has been segmented the market into following categories:

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

By Geography:

  • 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
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List of Major Key Players:

The major players in the market 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.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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