Vacuum Insulation Panel Market 2022-27, Top Companies Overview, Growth, Trends, Size & Forecast
According to the latest report by IMARC Group, the global vacuum insulation panel market reached a value of US$ 8.21 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 11.29 Billion by 2027, exhibiting a CAGR of 5.10% during 2022-2027.
A vacuum insulation panel (VIP) is a flat element containing an open porous core material that withstands the outward load caused by atmospheric pressure. It is ideal for transporting heat-sensitive products in harsh conditions, extended periods, and extreme temperatures. Some commonly used VIP cores include foams, fibers, powders, and fiber-powder composites. It offers low insulation thickness and high-performance thermal insulation while providing better insulation performance than conventional insulation materials. As a result, VIP finds extensive applications in building construction, insulated shipping containers, refrigerating units, and logistics industries across the globe.
Vacuum Insulation Panel Market Trends
and Drivers:
The market is primarily driven by the expanding industrial
sectors and development in the construction and consumer durables industries.
In addition, significant advancements in nanotechnology and material sciences
allowed the adaptation of known theoretical principles of thermal physics in
practice, thus resulting in the development of high-performance thermal
insulators.
Request Free Sample Report: https://www.imarcgroup.com/vacuum-insulation-panel-market/requestsample
This, coupled with the rising product adoption as
internal or external insulation in nurseries, detached houses, apartment
buildings, office buildings, floors, facades, flat roofs, terraces, walls,
attic hatches, and stairs in new construction and renovations, is augmenting
the market growth. Apart from this, VIPs are employed for high-temperature
applications, such as furnaces, hot water tanks, domestic ovens, concentrated
solar plants, and heat-resistant glass-fiber core panels, which is also
creating a positive market outlook across the globe.
|
Vacuum Insulation Panel Market Report
Scope |
|
|
Report
Coverage |
Details |
|
Market size value in 2021 |
US$ 8.21 Billion |
|
Market forecast in 2027 |
US$ 11.29 Billion |
|
Growth Rate |
CAGR of 5.10% from 2022 to 2027 |
|
Base year for estimation |
2021 |
|
Historical data |
2016-2021 |
|
Forecast period |
2022-2027 |
Note: We are regularly tracking the direct effect of
COVID-19 on the market, along with the indirect influence of associated
industries. These observations will be integrated into the report.
Global Vacuum Insulation Panel Market 2022-2027
Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been
studied in the report with the detailed profiles of the key players operating
in the market.
Avery Dennison Corporation, BASF SE, Etex Building
Performance NV (Etex Group), Evonik Industries AG (RAG-Stiftung), Kevothermal
Ltd, Kingspan Group plc, Knauf Insulation, Morgan Advanced Materials, OCI
Company Ltd., Panasonic Corporation, TURNA d.o.o. and Va-Q-Tec AG.
The report has segmented the market on the basis of
region, type, raw material, core material and application.
Breakup by Type:
- Flat
Panel
- Special
Shape Panel
Breakup by Raw Material:
- Plastics
- Metal
Breakup by Core Material:
- Silica
- Fiberglass
- Others
Breakup by Application:
- Construction
- Cooling
and Freezing Devices
- Logistics
- Others
Breakup by Region:
- North
America: (United States, Canada)
- Asia
Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe:
(Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin
America: (Brazil, Mexico, Others)
- Middle
East and Africa
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=5516&flag=C
If you want latest primary and secondary data (2022-2027)
with Cost Module, Business Strategy, Distribution Channel, etc. Click request
free sample report, published report will be delivered to you in PDF format via
email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market
Performance (2016-2021)
- Market
Outlook (2022- 2027)
- Porter’s
Five Forces Analysis
- Market
Drivers and Success Factors
- SWOT
Analysis
- Value
Chain
- Comprehensive
Mapping of the Competitive Landscape
If you need specific information that is not currently
within the scope of the report, we can provide it to you as a part of the
customization.
About Us:
IMARC Group is a leading market research company that
offers management strategy and market research worldwide. We partner with
clients in all sectors and regions to identify their highest-value
opportunities, address their most critical challenges, and transform their
businesses.
IMARC’s information products include major market,
scientific, economic and technological developments for business leaders in
pharmaceutical, industrial, and high technology organizations. Market forecasts
and industry analysis for biotechnology, advanced materials, pharmaceuticals,
food and beverage, travel and tourism, nanotechnology and novel processing
methods are at the top of the company’s expertise.
Post Your Ad Here
Comments