Global Vacuum Insulation Panels Market to Grow at Over 5% through 2026

The vacuum insulation panels market is likely to grow at a CAGR of over 5% through 2026, on account of growing emphasis on energy efficiency in the construction sector. The efficacy of vacuum insulation panels in maintaining energy efficient buildings is likely to provide an impetus to growth during the assessment period. These insights are according to a new research study titled “Vacuum Insulation Panels Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2026” that has been added to the comprehensive repository of Market Research Reports Search Engine (MRRSE).

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The demand for vacuum insulation panels is directly linked to the construction activity around the globe. The resurgence in the construction sector, especially in Asia Pacific and Middle East is likely to provide an impetus to demand during the assessment period. End-users are showing a marked preference for vacuum insulation panels as focus on energy efficiency is growing. There is a greater degree of awareness among end-users on the importance and benefits of using vacuum insulation panels globally.

According to the research study, Asia Pacific excluding Japan (APEJ) is likely to provide a steady stream of opportunities to manufacturers during the assessment period. The growth in APEJ is likely to push the market revenues in the region to over US$ 3 Bn by the end of the forecast period. Some of the leading economies in the region, including but not limited to, New Zealand, Australia, China, and India are likely to offer a steady stream of opportunities to manufacturers during the assessment period.

In addition to Asia Pacific, North America is also likely to emerge as a lucrative region for vacuum insulation panels during the assessment period. The recovery of the US housing market has been instrumental in driving the demand for vacuum insulation panels globally. The North America vacuum insulation panels market is also driven by proliferation of energy efficient technologies. End-users in the region have a high degree of awareness related to vacuum insulation panels, and this is likely to provide an impetus to demand.

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The business intelligence study also profiles the product and business strategies of some of the leading players in the market. Some of the leading players include Evonik Industries AG, LG Hausys, Panasonic, Dow Corning, Sonoco, Va Q Tec AG and American Aerogel Corporation. These players are focusing on increasing their presence in the markets of Asia Pacific, as it is highly likely that government investments will create a steady stream of opportunities.

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This release was published on openPR.