Global Vacuum Insulation Panels Market 2017-2021
About Vacuum Insulation Panels
Vacuum insulation panels (VIPs) are high-performing, ultra-thin insulants. These panels enhance energy efficiency and provide space benefits for housing appliances, refrigerated transportation systems, temperature-controlled packaging, and other applications. VIPs are composed of a core material and an envelope. VIPs are good thermal insulators reduce energy consumption. These are used in various applications, including roofing, doors, vehicles, refrigerators, and others.
Technavio’s analysts forecast the global vacuum insulation panels market to grow at a CAGR of 5.01% during the period 2017-2021.Covered in this report
The report covers the present scenario and the growth prospects of the global vacuum insulation panels market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of vacuum insulation panels.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Vacuum Insulation Panels Market 2017-2021
Technavio recognizes the following companies as the key players in the global vacuum insulation panels market: Dow Corning, Evonik, LG Hausys, Panasonic, and Sealed Air.
Other Prominent Vendors in the market are: CSafe Global, Mayaterials, Microtherm, Morgan Advanced Materials, Thermal visions, Tesa, and va-Q-tec.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is price and materials trends. The price of VIPs is dropping continually, and it is expected that the cost of these panels will reach USD 3-$4 by the end of the forecast period. Research organizations are trying to develop a foam board insulation that achieves R-12 per inch and is cost-effective.”
According to the report, one of the major drivers for this market is increased urbanization and investment on infrastructure development. The growth in urbanization and increased investments in infrastructure development is driving the global VIPs market. These panels are used for various building and construction applications, including roofs, doors, windows, walls, and others for thermal insulation.
Further, the report states that one of the major factors hindering the growth of this market is lack of efficient logistic support in emerging nations. An efficient logistics support system can reduce the chances of product recalls and food wastage in the market resulting from the shortfalls in the cold chain logistics. However, the vendors in the refrigerated warehousing market receive minimal logistics support. Lack of infrastructure facilities also affects the refrigerated transportation market.
Dow Corning, Evonik, LG Hausys, Panasonic, Sealed Air, CSafe Global, Mayaterials, Microtherm, Morgan Advanced Materials, Thermal visions, Tesa, va-Q-tec.
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