Vacuum Insulation Panel Market Size, Share & Industry | 2031
Vacuum Insulation Panel Market Size, Share & Industry | 2031
Segments - Vacuum Insulation Panel Market by Application (Construction, Cooling & Freezing Devices, Logistics, and Others), Core Materials (Silica, Fiberglass, and Others), Structure Types (Flat and Special Shapes), and Regions (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)
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| Report ID :CM-2593
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| 189 Pages
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Report Description
Vacuum Insulation Panel Market Outlook 2031
The global vacuum insulation panel market size was USD 8.10 Billion in 2022 and is is estimated to reach USD 12.25 Billion by 2031 expand at a high CAGR 4.7% during the forecast period, 2023–2031. Growth of the market is attributed to rising usage of vacuum insulation panel in specialized technical fields such as manufacture of cold-storage cells, electrical appliances, and construction materials.
A vacuum insulation panel consists of a stiff, porous core enclosed in a thin, gas-tight outer shell. To prevent outside gases from accessing the panel, the shell is evacuated and sealed because of the porous substance and vacuum, the heat resistance is quite high. This thermal resistance benefits are due to absence of convective and conductive currents through the panel.
In vacuum insulation panel core materials, membranes, and structure are selected based on a specific thermal insulation mechanism such as inner core materials like glass fiber and silica which have porosity, good frame geometrics, and are lightweight which can significantly minimize solid heat transmission are majorly used.
Selection of core and envelope materials is extremely important while manufacturing of vacuum insulation panels. Benefits in the construction industry include decreased building component thickness, improved interior space, and land use efficiency.
The Covid-19 pandemic affected the demand and supply of vacuum insulation panel market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Vacuum Insulation Panel Market Trends, Drivers, Restraints, and Opportunities
- Trend for innovative designs, construction companies using various materials and implementing policies on infrastructure practices are projected to fuel the market during forecast period.
- In present era the major focus of consumers is on sustainability and environmentally friendly solutions vacuum insulation panel are substantially reduces energy consumption which is driving the demand in the market.
- Manufactures are now manufacturing advance vacuum insulation panel which are entirely made from recycled materials, making them more environment all these factors are projected to boost the market.
- Major retrain with insulated vacuum panels is unlike most traditional insulating materials on the market it cannot be modified or trimmed to fit on-site.
- Vacuum insulation panel are extensively employed in a variety of industrial applications but their applicability in construction projects is still limited due high cost and service life which is anticipated to hamper the market growth.
Scope of The Vacuum Insulation Panel Market Report
The report on the global vacuum insulation panel market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Vacuum Insulation Panel - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Application (Construction, Cooling & Freezing Devices, Logistics, and Others), Core Material (Silica, Fiberglass, and Others), and Structure Types (Flat and Special Shape) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Knauf Insulation; OCI Company Ltd; Evonik Industries AG; Panasonic Corporation; Dow |
Vacuum Insulation Panel Market Segment Insights
The construction segment is estimated to account for a major market share
Based on applications, the vacuum insulation panel market is fragmented into construction, cooling & freezing devices, logistics, and others. The construction segment is expected to represent a key share of the market due to rising usage in commercial construction. However, the logistics segment is anticipated to hold a considerable market share in the projected period.
The fiberglass segment to register a substantial growth
In terms of core material, the vacuum insulation panel market is segregated into silica, fiberglass, and others. The fiberglass segment is expected to hold a major share of the market during the forecast period attributed to its high heat resistance.
The flat segment is anticipated to exhibit a high CAGR
Based on structure types, the vacuum insulation panel market is divided into flat and special shape. The flat segment is expected to hold a key share of the market during the forecast period. Factors such as design flexibility and ease-of-manufacturing are driving the market. On the other hand, the special shape segment is expected to grow at a steady rate due to increasing customized structure demand.
Asia Pacific is anticipated to dominate the market
On the basis of regions, the vacuum insulation panel market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is estimated to dominate the market in the coming years. The Asia Pacific market growth can be attributed to high demand from construction, logistics, and warehousing industries.
Segments
The vacuum insulation panel market has been segmented on the basis of
Application
- Construction
- Cooling & Freezing Devices
- Logistics
- Others
Core Material
- Silica
- Fiberglass
- Others
Structure Types
- Flat
- Special Shapes
Regions
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players
- Knauf Insulation
- OCI Company Ltd
- Evonik Industries AG
- Panasonic Corporation
- Dow
Competitive Landscape
Key players competing in the vacuum insulation panel market include Knauf Insulation; OCI Company Ltd; Evonik Industries AG; Panasonic Corporation; and Dow.
Some of these players are focusing on business plans such as acquisitions, partnerships, mergers collaborations, capacity expansion, and product launches to increase their market shares.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Vacuum Insulation Panel Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Vacuum Insulation Panel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vacuum Insulation Panel Market - Supply Chain
4.5. Global Vacuum Insulation Panel Market Forecast
4.5.1. Vacuum Insulation Panel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vacuum Insulation Panel Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Vacuum Insulation Panel Market Absolute $ Opportunity
5. Global Vacuum Insulation Panel Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Vacuum Insulation Panel Market Size and Volume Forecast by Types
5.3.1. Flat
5.3.2. Special Shapes
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Vacuum Insulation Panel Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Vacuum Insulation Panel Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Vacuum Insulation Panel Demand Share Forecast, 2019-2026
7. North America Vacuum Insulation Panel Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Vacuum Insulation Panel Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Vacuum Insulation Panel Market Size and Volume Forecast by Types
7.4.1. Flat
7.4.2. Special Shapes
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Vacuum Insulation Panel Demand Share Forecast, 2019-2026
8. Latin America Vacuum Insulation Panel Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Vacuum Insulation Panel Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Vacuum Insulation Panel Market Size and Volume Forecast by Types
8.4.1. Flat
8.4.2. Special Shapes
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Vacuum Insulation Panel Demand Share Forecast, 2019-2026
9. Europe Vacuum Insulation Panel Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Vacuum Insulation Panel Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Vacuum Insulation Panel Market Size and Volume Forecast by Types
9.4.1. Flat
9.4.2. Special Shapes
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Vacuum Insulation Panel Demand Share Forecast, 2019-2026
10. Asia Pacific Vacuum Insulation Panel Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Vacuum Insulation Panel Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Vacuum Insulation Panel Market Size and Volume Forecast by Types
10.4.1. Flat
10.4.2. Special Shapes
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Vacuum Insulation Panel Demand Share Forecast, 2019-2026
11. Middle East & Africa Vacuum Insulation Panel Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Vacuum Insulation Panel Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Vacuum Insulation Panel Market Size and Volume Forecast by Types
11.4.1. Flat
11.4.2. Special Shapes
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Vacuum Insulation Panel Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Vacuum Insulation Panel Market: Market Share Analysis
12.2. Vacuum Insulation Panel Distributors and Customers
12.3. Vacuum Insulation Panel Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Knauf Insulation
12.4.2. OCI Company Ltd
12.4.3. Evonik Industries AG
12.4.4. Panasonic Corporation
12.4.5. Dow
Methodology
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