USD 8.09 Billion
Vacuum Insulation Panel Market Size, Share, and Growth Analysis
Vacuum Insulation Panel Market By Product (Flat, Special Shape), By Core Material (Silica, Fiber Glass), By Raw Material (Plastics, Metals), By Application, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG55F2059 |
Region:
Global |
Published Date: December, 2024
Pages:
182
|Tables:
110
|Figures:
75
Format -
Vacuum Insulation Panel Market Insights
Vacuum Insulation Panel Market size was valued at USD 8.09 Billion in 2023 and is poised to grow from USD 8.45 Billion in 2024 to USD 11.95 Billion by 2032, growing at a CAGR of 4.42% during the forecast period (2025-2032).
The global Vacuum Insulation Panel Market is growing because of expanded development action and interest in cold capacity in transportation. Quick industrialization and urbanization are driving development interest. Environmental change is likewise powering interest in better protection of structures. The presence of cutting-edge marine transportation foundations all around the world, particularly in created and emerging nations, helps attract celebrities. The developing populace, rising working class pay, and urbanization are setting out additional open doors for VIPs. Vacuum installation panels are additionally ordinarily used in home apparatuses like coolers and coolers to save energy and make more space.
Vacuum insulation panels offer much-preferred protection over different materials that are accessible. Since they depend on a vacuum for protection, they accomplish low U-values with negligible thickness. This makes them incredible for further developing protection during redesigns. However, their greater expense, contrasted with conventional protection, defenselessness to harm, which increments warm conductivity, and diminished sturdiness over the long run, are preventing market development. Vacuum protection boards in development additionally offer advantages like more slender structure parts, more indoor space, and recyclability.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Flat
Fastest Growth
Spherical
Growth Rate
4.42% CAGR
Global Vacuum Insulation Panels Market ($ Bn)
Country Share for North America Region (%)
To get more reports on the above market click here to Buy The Report
Vacuum Insulation Panel Market Segments Analysis
Global Vacuum Insulation Panel Market is segmented by Product, Core Material, Raw Material, Application, and region. Based on Product, the market is segmented into Flat, Special Shape. Based on Core Material, the market is segmented into Silica, Fiber Glass, Others. Based on Raw Material, the market is segmented into Plastics, Metals. Based on Application, the market is segmented into Construction, Cooling & Freezing Devices, Logistics, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis By Shape Type
In the global Vacuum Insulation Panel Market, the largest segment is normally the flat shape type. Flat VIPs are ordinarily utilized in different applications like structure development, refrigeration, and transportation because of their flexibility and simplicity of establishment. They are especially well known in development for giving productive warm protection in walls, floors, and rooftops, adding to energy reserve funds, and keeping up with agreeable indoor conditions.
On the other hand, the fastest-growing segment is the spherical shape type. Spherical VIPs are building up forward movement in specialty applications like clinical transportation, aviation, and superior execution bundling. Their spherical shape provides better warm protection on sporadic or bent surfaces, making them ideal for specific purposes where traditional flat VIPs may not be reasonable. Furthermore, advancements in assembling procedures are driving the development of spherical VIPs by empowering the creation of additional complicated shapes with improved warm execution.
Analysis By Core Type
In the global Vacuum Insulation Panel Market, the largest segment is commonly the silica core type. Silica-based VIPs are broadly utilized in different applications like structure development, refrigeration, and bundling because of their superb warm protection properties, high compressive strength, and sturdiness. They are especially well known in development for giving productive warm protection to walls, floors, and rooftops, adding to energy reserve funds, and keeping up with agreeable indoor conditions.
On the other hand, the fastest-growing segment is the fiberglass core type. Fiberglass-based VIPs are building up forward momentum in specialty applications like aviation, cars, and modern hardware because of their lightweight nature, adaptability, and prevalent warm execution. Their capacity to endure extreme temperatures and brutal conditions makes them ideal for requesting applications where customary protection materials may not be reasonable. Also, advancements in fiberglass innovation are driving the development of this fragment by empowering the creation of celebrities with work on warm conductivity and sturdiness.
Global Vacuum Insulation Panels Market By Shape Type
To get detailed analysis on other segments, Request For Free Sample Report
Vacuum Insulation Panel Market Regional Insights
North America dominated the global Vacuum Insulation Panel Market. This is essentially because of the critical interest for celebrities in the development area, driven by rigid energy productivity guidelines and a solid spotlight on feasible structure rehearses in nations like the US and Canada. Moreover, North America has a deeply grounded drug industry, further adding to the interest of VIPs in temperature-delicate capacity and transportation applications.
The fastest-growing region is Asia Pacific. Fast urbanization, industrialization, and framework advancement in nations like China, India, and Japan are driving the interest of VIPs in the development area. The rapid growth in the improvement of the market is because of the strong interest in vacuum insulation panels from the development as well as strategies, and stockroom enterprises. Expanding awareness about energy preservation and manageability is likewise supporting the reception of celebrities in the district. Besides, the extending drug and food businesses in the Asia Pacific, combined with developing worries about item quality and well-being, are driving the interest of VIPs in temperature-controlled capacity and transportation applications.
Global Vacuum Insulation Panels Market By Region
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Vacuum Insulation Panel Market Dynamics
Drivers
Growing Demand in Construction Industry
- The developing interest in vacuum insulation will prompt the development of the development business, which is assessed to pave the way for the development of the market. It is used in different applications like structure development, refrigeration units, and protected delivery compartments to give preferred protection execution over customary protection materials. The global Vacuum Insulation Panel Market is being driven by essentially extending the construction sector.
Rising Need in Freezing and Cooling Applications
- Besides, refrigerated transport of pharmaceutical products and medicines all over the world has been adding to the quick development of the vacuum-insulated panels market. Besides, with quickly expanding amounts of frozen food being shipped across tremendous distances, requiring warm protection for broadened timeframes, the cool stockpiling and frozen transportation industry has seen an expansion in popularity for vacuum-insulated panels.
Restraints
High Cost Associated
- The vacuum-insulated panels should be exceptionally fabricated and planned in unambiguous sizes for specific applications, which brings about greater expenses for end clients and lower deal volumes. Consequently, the significant expense of VIPs for non-standard sizes will be a preventive measure for the development of the vacuum protection market.
Request Free Customization of this report to help us to meet your business objectives.
Vacuum Insulation Panel Market Competitive Landscape
In global Vacuum Insulation Panel Market, there are a couple of main participants ruling the market with a huge portion of the overall industry, like Evonik Businesses, LG Hausys, Panasonic Partnership, and Va-Q-sleuth AG, there likewise exist an impressive number of more modest regional and local players offering specialty items and taking care of specific market segments. This blend of huge laid-out companies and more modest players brings about a competitive landscape that displays components of both combination and fragmentation.
Top Players in Vacuum Insulation Panel Market
- BASF SE
- M&I Materials Limited
- Morgan Advanced Materials
- Evonik Industries AG
- LG Hausys
- Panasonic Corporation
- Dow (U.S.), OCI Company Ltd.
- Kevothermal
- Morgan Advanced Materials
- ThermoCor
- Va-Q-Tec AG
- OCI ltd
- AVERY DENNISON CORPORATION
- Kingspan Group
- KCC CORPORATION
- Microtherm Sentronic GmbH
Recent Developments
- In February 2024, Virginia Commonwealth University (VCU) received a $75,000 award from the Virginia Innovation Partnership Corporation (VIPC) to help research by Dr. Massimo Bertino. The award means to upgrade the business capability of vacuum protection boards (celebrities), known for their superb protection yet significant expense and trouble in molding. VCU, in a joint effort with ThermaGEL Innovations, has fostered a licensed Aerogel center for celebrities, making them simpler to deal with and adaptable without hardware. Aerogel's novel properties like warm protection, strength, and insulation make it reasonable for different businesses, promising superior market infiltration for this innovation.
- In January 2024, ClearVue will join forces with LuxWall, a US-based vacuum-insulated coating provider, to create and popularize the world's most memorable window, consolidating ClearVue's sun-oriented PV coating and LuxWall's high-level vacuum-protected coating. Joining the two organizations' driving advancements into one item is supposed to convey window innovation that will uphold the development area in getting to net zero energy utilization.
- In October 2023, Siemens Energy and Mitsubishi Electric signed a MoU to move quicker to foster gas arrangements with zero unnatural weather change potential in the high-voltage power transmission industry.
Vacuum Insulation Panel Key Market Trends
- Rising Advancements in Technologies: Continuous advancements in VIP manufacturing methods and materials are working on the exhibition and cost viability of these panels, making them more attractive for a more extensive scope of uses and driving market development.
- Shifting Towards Sustainable Solutions: The rising focus on sustainability and energy proficiency in construction projects is driving the interest of VIPs as they offer predominant warm protection, decreasing energy utilization and fossil fuel emissions in buildings.
Vacuum Insulation Panel Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Vacuum Insulation Panel Market analysis, there are several factors which shape the path of the Vacuum Insulation Panel Market. The utilization of vacuum insulation panels in the construction industry has seen the most noteworthy development rate worldwide attributable to an ascent in foundation exercises. The vacuum insulation panels are applied for their thermal insulation properties, subsequently bringing down heat conductivity in the development business. Flat shape currently holds the largest share driven by the design adaptability and easily manufactured characteristics of flat panels. However, the spherical sphere segment is growing rapidly. North America remains the biggest market for VIPs because of its adult development and pharmaceutical sectors, while Asia Pacific is encountering fast development driven by urbanization, industrialization, and expanding mindfulness about energy effectiveness and item quality. A prominent trend across industries is the transition towards sustainable solutions, driven by growing environmental awareness and consumer demand. Companies in China, Japan, Korea, UAE, Qatar, and India are significant income supporters in Asia-Pacific and LAMEA. As of now, there are many air terminal development projects, either in the turn of events or the arranging stage, in China. These include Beijing Capital Global Air Terminal, Chengdu Shuangliu Worldwide Air Terminal, Guangzhou Baiyun Global Air Terminal, and others. Plus, the public authority carried out enormous development plans, including planning for the development of 250 million individuals in its new megacities, over the following 10 years.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 8.09 Billion |
| Market size value in 2032 | USD 11.95 Billion |
| Growth Rate | 4.42% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Recent Developments
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Vacuum Insulation Panel Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Vacuum Insulation Panel Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Vacuum Insulation Panel Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Vacuum Insulation Panel Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Vacuum Insulation Panel Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Vacuum Insulation Panel Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
