Vacuum Insulation Panel
Description
The Vacuum Insulation Panel Market is experiencing a robust growth rate of 4.67% during the forecast period (2025-2033F). The Vacuum insulation panels market is gaining popularity in the global market due to the need to use high-performance insulation materials, and energy-efficient construction solutions are continuing to grow. VIPs are known to be high-tech and efficient insulation materials with better thermal resistance properties than traditional materials, so they can be appealing in building, refrigeration, and transportation. The vacuum insulation panel market is growing at an unprecedented rate as the world is making efforts to cut down on its energy consumption, lower its carbon footprint, and go net-zero with its efforts to counter the increasing demands by industries and infrastructure projects to find sustainable and compact insulation solutions. This trend is directly linked with an increase in the number of green buildings, urbanization, and the strict development of energy efficiency policies in developed and developing economies. Additionally, current technological innovations, including the development of tougher core materials, improved barrier films, and extended life cycles, are further enhancing the performance and cost-effectiveness of VIPs.
- Based on Type, the global vacuum insulation panel market is segmented into Flat Panel and Special Shape Panel. In 2024, the Flat Panel segment is anticipated to hold the largest market share and continue its dominance throughout the forecast period. This is mainly because it is mostly used in construction, refrigeration, and cold chain logistics, where standardized shapes and sizes are desired to facilitate easy installation and achieve cost efficiency. Flat panel has a high level of thermal insulation, has extended life, and can be used with all types of building materials, which makes the flat panel highly suitable in residential and commercial energy-saving efforts. Special Shape Panel, segment is also anticipated to record a sustained growth with the growing demand of tailored insulation designs when it comes to intricate architectural designs, electronic equipment, and transport systems. These panels are developed with special structural and geometrical demands and excellent insulation properties, and thus provide ideal performance and space optimization when specialized industrial and high-end requirements are demanded.
- Based on Raw Material, the global vacuum insulation panel market is segmented into Plastics and Metal. In 2024, the Plastics segment is anticipated to hold the largest market share and maintain its dominance throughout the forecast period. The major factors attributed to the growth of the segment include that plastic-based VIPs are lightweight, cheap to produce, and highly flexible, hence making them the perfect choice when it comes to usage in building insulation, household appliances, and cold chain logistics. Panel encapsulation and core support are commonly done with plastic materials (polyethylene and polyurethane) that have great thermal conductivity and can be easily fabricated. On the other hand, the metal segment is expected to record high growth rates in the next few years due to its high durability, good resistance to moisture and gases, as well as the ability to withstand heavy industrial and transportation-related tasks. VIPs made of metal are more protective and last longer, which is why they are usually the choice of applications that require high performance and high structural integrity, as well as long-term insulation efficiency.
- Based on Core Material, the global vacuum insulation panel (VIP) market is segmented into Silica, Fiberglass, and Others. In 2024, the Silica segment is anticipated to hold the largest market share and continue to lead throughout the forecast period. This leadership has mainly been given by the fact that silica has the best thermal insulation, low thermal conductivity, and is the most readily available core material used in the production of VIP. Silica panels are highly energy-saving, stable in vacuum conditions, economical, and can be used in building insulation, refrigeration, and cold storage. It is also estimated that the Fiberglass market will be growing consistently due to its high mechanical strength, lightness, and ability to adapt to different temperatures. Cores Fiberglass cores are also increasingly being used in industries that need robust and thin cores, e.g., electronics and transport. The other segment, comprising materials such as polyurethane foams and aerogels, is increasing in focus owing to the continuous research and technological advancement to enhance the performance of panels, their durability, and environmental safety of usage across a narrow industrial use.
- Based on Application, the global vacuum insulation panel market is segmented into Construction, Cooling and Freezing Devices, Logistics, and Others. In 2024, the Construction segment is anticipated to hold the largest market share and continue to dominate throughout the forecast period. This is mainly because there is an increase in the use of energy-saving building materials and more focus on green buildings and sustainable development of infrastructure. VIPs are well-suited for use in walls, roofs, and facades to achieve high thermal insulation and space-saving benefits, making them useful in both residential and commercial construction. The Cooling and Freezing Devices segment is also experiencing strong growth due to the increasing demand for energy-saving refrigeration and cold storage units in the food and pharmaceutical sectors. The logistics segment is experiencing gradual growth, as the demand for temperature-controlled packaging and transportation of perishable goods is on the increase in the world. The other segment, comprising the electronics, automotive, and aerospace industries, is also on the move as the need for lightweight, compact, and high-performance insulation solutions in different applications in the specialized areas increases.
- For a better understanding of the market of the vacuum insulation panel market, the market is analyzed based on its worldwide presence in countries such as North America (The US, Canada, and Rest of North America), Europe (Germany, The UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. The Asia-Pacific region is expected to dominate the market with the largest market share and continue to dominate the entire forecast period. This has been mainly due to the high rate of urbanization, the growth of the building industry, and the growing interest in energy-efficient building solutions in major economies such as China, Japan, South Korea, and India. The high number of manufacturing industries in the region, combined with current government programs focused on sustainable infrastructure and carbon reduction, also contributes to its market dominance. Additionally, the growing demand for sophisticated insulation materials in commercial and residential projects, combined with the rise in cold chain management and refrigeration, has been driving the adoption of vacuum insulation panels throughout the region. China remains the most significant contributor to the market, thanks to its massive investments in green buildings and industrial energy-saving initiatives. As technological breakthroughs continue, as costs decrease, and with the government's favorable policies, it is projected that the Asia-Pacific region will continue to lead the global VIP market growth in the next few years.
- Some of the major players operating in the market include Avery Dennison Corporation, Etex Group, Kingspan Group, Evonik Industries AG, Morgan Advanced Materials, Panasonic Corporation of North America, Recticel Insulation, Turvac Vacuum Insulation, va-Q-tec Thermal Solutions GmbH, and Archello.
Table of Contents
138 Pages
- 1 Market Introduction
- 1.1. Market Definitions
- 1.2. Main Objective
- 1.3. Stakeholders
- 1.4. Limitation
- 2 Research Methodology Or Assumption
- 2.1. Research Process of the Vacuum Insulation Panel Market
- 2.2. Research Methodology of the Vacuum Insulation Panel Market
- 2.3. Respondent Profile
- 3 Executive Summary
- 3.1. Industry Synopsis
- 3.2. Segmental Outlook
- 3.2.1. Market Growth Intensity
- 3.3. Regional Outlook
- 4 Market Dynamics
- 4.1. Drivers
- 4.2. Opportunity
- 4.3. Restraints
- 4.4. Trends
- 4.5. PESTEL Analysis
- 4.6. Demand Side Analysis
- 4.7. Supply Side Analysis
- 4.7.1. Merger & Acquisition
- 4.7.2. Investment Scenario
- 4.7.3. Industry Insights: Leading Startups and Their Unique Strategies
- 5 Pricing Analysis
- 5.1. Regional Pricing Analysis
- 5.2. Price Influencing Factors
- 6 Global Vacuum Insulation Panel Market Revenue (USD Mn), 2023-2033F
- 7 Market Insights By Type
- 7.1. Flat Panel
- 7.2. Special Shape Panel
- 8 Market Insights By Raw Material
- 8.1. Plastics
- 8.2. Metal
- 9 Market Insights By Core Material
- 9.1. Silica
- 9.2. Fiberglass
- 9.3. Others
- 10 Market Insights By Application
- 10.1. Construction
- 10.2. Cooling and Freezing Devices
- 10.4. Logistics
- 10.3. Others
- 11 Market Insights By Region
- 11.1. North America
- 11.1.1. The US
- 11.1.2. Canada
- 11.1.3. Rest of North America
- 11.2. Europe
- 11.2.1. Germany
- 11.2.2. The UK
- 11.2.3. France
- 11.2.4. Italy
- 11.2.5. Spain
- 11.2.6. Rest of Europe
- 11.3. Asia-Pacific
- 11.3.1. China
- 11.3.2. Japan
- 11.3.3. India
- 11.3.4. Rest of Asia-Pacific
- 11.4. Rest of World
- 12 Value Chain Analysis
- 12.1. Marginal Analysis
- 12.2. List of Market Participants
- 13 Competitive Landscape
- 13.1 Competition Dashboard
- 13.2. Competitor Market Positioning Analysis
- 13.3. Porter Five Forces Analysis
- 14 Company Profiles
- 14.1. Avery Dennison Corporation
- 14.1.1. Company Overview
- 14.1.2. Key Financials
- 14.1.3. SWOT Analysis
- 14.1.4. Product Portfolio
- 14.1.5. Recent Developments
- 14.2. Etex Group
- 14.3. Kingspan Group
- 14.4. Evonik Industries AG
- 14.5. Morgan Advanced Materials
- 14.6. Panasonic Corporation of North America
- 14.7. Recticel Insulation
- 14.8. Turvac Vacuum Insulation
- 14.11. va-Q-tec Thermal Solutions GmbH
- 14.11. Archello
- 15 Acronyms & Assumption
- 16 Annexure
Pricing
Currency Rates
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