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Vacuum Insulation Panel Market Size, Share & Trends Analysis Report By Core Material (Silica, Fiberglass), By Product (Flat, Special Shape), By Raw Material, By Application, By Region, And Segment Forecasts, 2024 - 2030
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Vacuum Insulation Panel Market Growth & Trends:
The global vacuum insulation panel market size is anticipated to reach USD 10.82 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 4.3% from 2024 to 2030. Growing construction spending is expected to assist the growth for vacuum insulation panel over the forecast period. These are preferred more, owing to their thermal resistance properties compared to conventional insulation materials.
Moreover, the International Energy Agency issued strict regulations to conserve energy which has further propelled the demand for such panels. These panels help in reducing greenhouse gas emissions such as carbon dioxide from the atmosphere, thus helping to prevent polluting the environment to a large extent. Such a trend is anticipated to benefit the overall market over the next eight years.
However, vacuum insulation panels exhibit a heavier weight than conventional insulation materials which is expected to remain a key challenge for market participants. Factors such as, durability, shape and fragility are also anticipated to determine the demand for vacuum insulation panels in future.
Several R&D initiatives are being taken to introduce automated panels, which shall result in cost reduction of vacuum insulation panels over the forecast period. Recently, EVAL EVOH resins are added to provide an outer lamination coating for vacuum insulation panels to increase their shelf life.
Vacuum Insulation Panel Market Report Highlights:
- The silica segment dominated the market with 45.2% of revenue share in 2023. This is due to their exceptional thermal insulation properties.
- The flat segment dominated the market with 55.1% of revenue share in 2023. This is due to their ease of manufacturing, handling, and installation.
- The metals segment accounted for the largest market revenue share in 2023. This is due to their excellent barrier properties, thermal conductivity properties and recyclability.
- Construction accounted for the largest market with a revenue share of 61.5% in 2023. The increasing demand for energy-efficient building materials is a significant factor driving the growth of VIPs in the construction sector.
- The North America vacuum insulation panel market is anticipated to grow at a CAGR of 4.1% during the forecast period.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Vacuum Insulation Panel Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Billion, Volume in Million Square Meters)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.4. Vacuum Insulation Panel Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Vacuum Insulation Panel Market: Core Material Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Vacuum Insulation Panel Market: Core Material Movement Analysis, USD Million, Volume in Million Square Meters, 2023 & 2030
- 4.3. Silica
- 4.3.1. Silica Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 4.4. Fiberglass
- 4.4.1. Fiberglass Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 4.5. Others
- 4.5.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
Chapter 5. Vacuum Insulation Panel Market: Product Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Vacuum Insulation Panel Market: Product Movement Analysis, USD Million, Volume in Million Square Meters, 2023 & 2030
- 5.3. Flat
- 5.3.1. Flat Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 5.4. Special Shape
- 5.4.1. Special Shape Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
Chapter 6. Vacuum Insulation Panel Market: Raw Material Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Vacuum Insulation Panel Market: Raw Material Movement Analysis, USD Million, Volume in Million Square Meters, 2023 & 2030
- 6.3. Plastics
- 6.3.1. Plastics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 6.4. Metals
- 6.4.1. Metals Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
Chapter 7. Vacuum Insulation Panel Market: Application Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Vacuum Insulation Panel Market: Application Movement Analysis, USD Million, Volume in Million Square Meters, 2023 & 2030
- 7.3. Construction
- 7.3.1. Construction Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 7.4. Cooling & Freezing Devices
- 7.4.1. Cooling & Freezing Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 7.5. Logistics
- 7.5.1. Logistics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 7.6. Others
- 7.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
Chapter 8. Vacuum Insulation Panel Market: Regional Estimates & Trend Analysis
- 8.1. Vacuum Insulation Panel Market Share, By Region, 2023 & 2030, USD Million, Volume in Million Square Meters
- 8.2. North America
- 8.2.1. North America Vacuum Insulation Panel Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 8.2.2. U.S.
- 8.2.2.1. U.S. Vacuum Insulation Panel Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 8.2.3. Canada
- 8.2.3.1. Canada Vacuum Insulation Panel Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 8.2.4. Mexico
- 8.2.4.1. Mexico Vacuum Insulation Panel Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 8.3. Europe
- 8.3.1. Europe Vacuum Insulation Panel Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 8.3.2. UK
- 8.3.2.1. UK Vacuum Insulation Panel Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 8.3.3. Germany
- 8.3.3.1. Germany Vacuum Insulation Panel Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 8.3.4. France
- 8.3.4.1. France Vacuum Insulation Panel Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 8.3.5. Italy
- 8.3.5.1. Italy Vacuum Insulation Panel Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 8.3.6. Spain
- 8.3.6.1. Spain Vacuum Insulation Panel Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Vacuum Insulation Panel Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 8.4.2. China
- 8.4.2.1. China Vacuum Insulation Panel Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 8.4.3. Japan
- 8.4.3.1. Japan Vacuum Insulation Panel Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 8.4.4. India
- 8.4.4.1. India Vacuum Insulation Panel Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 8.4.5. Indonesia
- 8.4.5.1. Indonesia Vacuum Insulation Panel Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 8.4.6. Malaysia
- 8.4.6.1. Malaysia Vacuum Insulation Panel Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 8.4.7. Thailand
- 8.4.7.1. Thailand Vacuum Insulation Panel Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 8.4.8. Australia
- 8.4.8.1. Australia Vacuum Insulation Panel Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 8.5. Central & South America
- 8.5.1. Latin America Vacuum Insulation Panel Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 8.5.2. Argentina
- 8.5.2.1. Argentina Vacuum Insulation Panel Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 8.5.3. Brazil
- 8.5.3.1. Brazil Vacuum Insulation Panel Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 8.6. Middle East and Africa
- 8.6.1. Middle East and Africa Vacuum Insulation Panel Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 8.6.2. Saudi Arabia
- 8.6.2.1. Saudi Arabia Vacuum Insulation Panel Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 8.6.3. UAE
- 8.6.3.1. UAE Vacuum Insulation Panel Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 8.6.4. Qatar
- 8.6.4.1. Qatar Vacuum Insulation Panel Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 8.6.5. Oman
- 8.6.5.1. Oman Vacuum Insulation Panel Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
- 8.6.6. South Africa
- 8.6.6.1. South Africa Vacuum Insulation Panel Market Estimates and Forecasts, 2018 - 2030 (USD Million, Volume in Million Square Meters)
Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis by Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Heat Map Analysis
- 9.4. Company Profiles
- 9.4.1. Evonik Industries AG
- 9.4.1.1. Participant's Overview
- 9.4.1.2. Financial Performance
- 9.4.1.3. Product Benchmarking
- 9.4.1.4. Recent Developments/ Strategic Initiatives
- 9.4.2. LG Hausys Ltd
- 9.4.2.1. Participant's Overview
- 9.4.2.2. Financial Performance
- 9.4.2.3. Product Benchmarking
- 9.4.2.4. Recent Developments/ Strategic Initiatives
- 9.4.3. Panasonic Corporation
- 9.4.3.1. Participant's Overview
- 9.4.3.2. Financial Performance
- 9.4.3.3. Product Benchmarking
- 9.4.3.4. Recent Developments/ Strategic Initiatives
- 9.4.4. DOW
- 9.4.4.1. Participant's Overview
- 9.4.4.2. Financial Performance
- 9.4.4.3. Product Benchmarking
- 9.4.4.4. Recent Developments/ Strategic Initiatives
- 9.4.5. OCI Ltd
- 9.4.5.1. Participant's Overview
- 9.4.5.2. Financial Performance
- 9.4.5.3. Product Benchmarking
- 9.4.5.4. Recent Developments/ Strategic Initiatives
- 9.4.6. Kevothermal, LLC
- 9.4.6.1. Participant's Overview
- 9.4.6.2. Financial Performance
- 9.4.6.3. Product Benchmarking
- 9.4.6.4. Recent Developments/ Strategic Initiatives
- 9.4.7. Porextherm Dammstoffe GmbH
- 9.4.7.1. Participant's Overview
- 9.4.7.2. Financial Performance
- 9.4.7.3. Product Benchmarking
- 9.4.7.4. Recent Developments/ Strategic Initiatives
- 9.4.8. Thermocor
- 9.4.8.1. Participant's Overview
- 9.4.8.2. Financial Performance
- 9.4.8.3. Product Benchmarking
- 9.4.8.4. Recent Developments/ Strategic Initiatives
- 9.4.9. Va-Q-Tec AG
- 9.4.9.1. Participant's Overview
- 9.4.9.2. Financial Performance
- 9.4.9.3. Product Benchmarking
- 9.4.9.4. Recent Developments/ Strategic Initiatives
- 9.4.10. Microtherm Sentronic GmbH
- 9.4.10.1. Participant's Overview
- 9.4.10.2. Financial Performance
- 9.4.10.3. Product Benchmarking
- 9.4.10.4. Recent Developments/ Strategic Initiatives
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