Image

Global Vacuum Insulation Panel Market – Industry Trends and Forecast to 2031

Chemical and Materials

Image

Global Vacuum Insulation Panel Market – Industry Trends and Forecast to 2031

  • Chemical and Materials
  • Upcoming Report
  • Jun 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Vacuum Insulation Panel Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2023–2031
Diagram Market Size (Base Year) USD 8.61 USD Billion
Diagram Market Size (Forecast Year) USD 12.24 USD Billion
Diagram CAGR %

Major Markets Players

  • Dummy1
  • Dummy2
  • Dummy3
  • Dummy4
  • Dummy5

Global Vacuum Insulation Panel, By Type (Flat Panel and Special Shape Panel), Raw Material (Plastics and Metal), Core Material (Silica, Fiberglass, and Others), y End-Use (Construction, Cooling and Freezing Devices, Logistics, Home Appliances, and Others) - Industry Trends and Forecast to 2031.

Vacuum Insulation Panel Market

Vacuum Insulation Panel Market Analysis and Size

The essential factors contributing to the growth of the market in the forecast period of 2024 to 2031 include the increasing need for energy-efficient building materials, increasing environmental consciousness, stringent building energy rules and regulations, and improvements in VIP technology that enhance thermal insulation efficacy, and the expanding application scope in a variety of end-use industries are some of the factors propelling the growth of the market.

Data Bridge Market Research analyses that the global vacuum insulation panel market which was USD 8.61 billion in 2023, is expected to reach USD 12.24 billion by 2031, growing at a CAGR of 4.5% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in Billion, Volume and Units, Pricing in USD

Segments Covered

Type (Flat Panel and Special Shape Panel), Raw Material (Plastics and Metal), Core Material (Silica, Fiberglass, and Others), End-Use (Construction, Cooling and Freezing Devices, Logistics, Home Appliances, and Others).

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa

Market Players Covered

Panasonic Corporation (Japan), Dow (U.S.), Evonik Industries AG (Germany), LG Hausys Ltd. (Korea), OCI Company Ltd. (Korea), Kingspan Insulation LLC (U.S.), Vacutherm Ltd. (U.K), Hanita Coatings RCA Ltd (Israel), Morgan Advanced Materials PLC (U.K.), and Knauf Insulation (U.S.)

 

Market Opportunities

  • Expansion in Refrigeration and Cold Chain Applications
  • Technological Advancements

Market Definition

Vacuum insulation panels (VIPs) are advanced thermal insulation materials consisting of a rigid core enclosed in a gas-tight shell. Usually, aluminum or composite sheets are used to make the panels. Their incredibly low heat conductivity makes them perform better in terms of insulation as compared to traditional materials. VIPs are commonly utilized to achieve optimum thermal efficiency and energy savings in a variety of industries, including packaging, refrigeration, construction, and automotive. Their tiny profile and lightweight design make them suitable for applications with limited space. The market is driven by the growing demand for energy-efficient solutions together with the stringent legal requirements for insulation in buildings and products. It covers the production, delivery, and use of VIPs on a worldwide basis.

Vacuum Insulation Panel Market Dynamics

Drivers

  • Energy Efficiency Regulations

Strict global energy efficiency standards and policies are driving the need for vacuum insulation panels (VIPs). Compared to conventional insulation materials, VIPs have better thermal insulation qualities, allowing appliances and structures to either meet or surpass energy efficiency regulations while consuming less energy.

  • Growing Construction Industry

The rise of the global construction industry, especially in the residential and commercial sectors, is a major factor propelling the market for vacuum insulation panels. The need for high-performance insulation materials such as VIPs is rising as developers and builders look for creative ways to enhance building envelope performance.

Opportunities

  • Expansion in Refrigeration and Cold Chain Applications

Vacuum insulation panels have prosperous prospects in the growing cold chain and refrigeration industries. VIPs improve the insulating efficacy of freezers, refrigerators, and cold storage facilities, enabling energy savings and temperature stability. The market for VIPs in refrigeration applications is anticipated to rise in tandem with the growing need for cold storage solutions, particularly in industries such as food and pharmaceutical.

  • Technological Advancements

By developing technology, ongoing research and development is increasing the performance, robustness, and affordability of vacuum insulation panel manufacturing. Manufacturers have the chance to set themselves apart from the competition and take market share with innovations including improved barrier films and sophisticated core materials.

Restraints/Challenges

  • High Initial Cost

Particularly in price-sensitive regions, the high initial cost of vacuum insulation panels continues to be a major barrier to their broad adoption VIPs outperform conventional insulating materials in terms of thermal insulation, but their higher initial cost may deter certain builders and users, especially in locations with relatively low energy prices or where financial worries are prevalent.

  • Permeability and Moisture Sensitivity

Over time, moisture infiltration and penetration can cause damage to vacuum insulation panels, potentially impairing their ability to act as insulation. Ensuring the long-term endurance and dependability of VIPs in real-world applications, particularly in humid or damp settings, remains a challenge for manufacturers and users.

  • Market Education and Awareness

One of the main obstacles to the market's expansion is the lack of knowledge among consumers, architects, and builders regarding the advantages and uses of vacuum insulation panels. Increasing adoption rates and broadening market penetration require educating stakeholders about the benefits of VIPs in terms of energy savings and space optimization.

  • Supply Chain Constraints

Constraints in the supply chain concerning raw materials, manufacturing techniques, and distribution networks impact the market for vacuum insulation panels. Securing a consistent and reliable supply of core materials, barrier films, and other components, as well as optimizing manufacturing processes and logistics, offer challenges for producers seeking to meet growing demand and maintain competitive costs.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the surgical microscopes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

  • In 2023, Panasonic started building "The Land of NOMO," its pavilion for the Japan International Expo in 2025. A pavilion that embodies the concept of "circulation," GREEN IMPACT, Panasonic's environmental goal, is in line with the pavilion's use of recycled materials such as steel, copper, and wood. The pavilion, whose completion is slated for April 2025, highlights Panasonic's dedication to tackling environmental issues on a worldwide scale by employing creative and sustainable solutions

Vacuum Insulation Panel Market Scope

The market is segmented on the basis of type, raw material, core material, and end use. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

On the basis of type, the market is segmented into flat panel and special shape panel.

Type

  • Flat Panel
  • Special Shape Panel

Raw Material

  • Plastics
  • Metal

Core Material

  • Silica
  • Fiberglass
  • Others

End-Use

  • Construction
  • Cooling and Freezing Devices
  • Logistics
  • Home Appliances
  • Others

Vacuum Insulation Panel Market Regional Analysis/Insights

The countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa.

Asia Pacific dominates the region as the demand for sustainable building materials, cold chain logistics development, and government energy efficiency programs are expected to drive the strong growth of the Vacuum Insulation Panel (VIP) market in 2023 and 2024. Stakeholders are seizing these opportunities to adopt VIP technology and contribute to a more environmentally and energy-conscious future. Governments across the Asia Pacific region, such as India, launched programs in 2023 and 2024 promoting sustainable building methods and energy efficiency. For instance, the Indian government's Energy Conservation Building Code (ECBC) mandates the use of VIPs and other energy-efficient materials in new construction projects.

The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Vacuum Insulation Panel Market Share Analysis

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the market are:

  • Panasonic Corporation (Japan)
  • Dow (U.S.)
  • Evonik Industries AG (Germany)
  • LG Hausys Ltd. (Korea)
  • OCI Company Ltd. (Korea)
  • Kingspan Insulation LLC (U.S.)
  • Vacutherm Ltd. (U.K)
  • Hanita Coatings RCA Ltd (Israel)
  • Morgan Advanced Materials PLC (U.K.)
  • Knauf Insulation (U.S.)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Get online access to the report on the World's First Market Intelligence Cloud

  • Interactive Data Analysis Dashboard
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
  • Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Request for Demo

FREQUENTLY ASK QUESTIONS

The Vacuum Insulation Panel Market size will be worth USD 12.24 billion by 2031.
The Vacuum Insulation Panel Market growth rate will be 4.5% by 2031.
Growing Construction Industry and Energy Efficiency Regulations are the growth drivers of the Vacuum Insulation Panel Market.
The type, raw material, core material, and end-use are the factors on which the Vacuum Insulation Panel Market research is based.
The major companies in the Vacuum Insulation Panel Market are Panasonic Corporation (Japan), Dow (U.S.), Evonik Industries AG (Germany), LG Hausys Ltd. (Korea), OCI Company Ltd. (Korea), Kingspan Insulation LLC (U.S.), Vacutherm Ltd. (U.K), Hanita Coatings RCA Ltd (Israel), Morgan Advanced Materials PLC (U.K.), and Knauf Insulation (U.S.).
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials