IMARC Group, a leading market research company, has recently releases a report titled “Vacuum Insulation Panel Market Trends, Size, Share and Report 2023-2028.” The study provides a detailed analysis of the industry, including the global vacuum insulation panel market trends, size, share, report, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

The Vacuum Insulation Panel (VIP) stands out as a cutting-edge insulation technology meticulously designed to offer unmatched thermal efficiency in various applications. Its design includes a gas-tight barrier encasing a core material, creating a vacuum environment. With its highly effective insulation properties, it significantly reduces energy consumption and ensures precise temperature control. VIPs are ideal for spaces where traditional insulation methods are bulky or less effective, such as walls, roofs, and floor systems. Additionally, they serve as valuable additions to refrigerator and freezer walls, doors, and cabinets, providing exceptional thermal insulation. Thanks to their extended service life, VIPs guarantee reliable and high-performance results over an extensive period.

The global vacuum insulation panel market size reached US$ 8.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.

Global Vacuum Insulation Panel Market Trends and Drivers:

Presently, the Vacuum Insulation Panels (VIPs) market is witnessing significant growth, fueled primarily by the increasing demand for these panels in the building and appliance sectors, leading to enhanced energy efficiency. Furthermore, the construction of luxury apartments and commercial buildings worldwide is contributing to this market expansion. Additionally, the growing requirement for cold chain logistics to ensure the secure transportation of temperature-sensitive goods, including pharmaceuticals, food, and beverages, in controlled environments presents a favorable market outlook. Moreover, the rising consumption of high-quality, fresh food products as a preventive measure against various chronic illnesses is further driving the market's growth.

Global Vacuum Insulation Panel Market 2023-2028 Analysis and Segmentation:

Top Key Players covered in this report are 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 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

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023- 2028)
  • 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.