Vacuum Insulation Panels Market 2026 | Industry Crucial Players - Evonik Industries AG, Dow Corning, Sonoco, LG Hausys, Panasonic, Va Q Tec AG American Aerogel Corporation

Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Vacuum Insulation Panels Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2026” offers a detailed analysis of the market providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the Global Vacuum Insulation Panels Market have been elaborated upon in the research report.

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Rising demand for energy efficient buildings has been observed since past years. To meet demand specifications of energy efficiency, material with insulating elements are witnessing higher adoption, as they play a vital role in reducing heat loss. This has spurred the acceptance of vacuum insulation panels in the construction industry as efficient solution to reduce energy loss. Vacuum insulation panels (VIP) are considered as an effective alternative to conventional material used in building construction, as VIPs have higher thermal resistance. According to research, efforts in manufacturing vacuum insulation panels with specific characteristics suitable for old and new buildings are being undertaken. In this respect, manufacturing of vacuum insulation panels using glass fiber, perlite, foams and powder/fiber composites has been observed. 

According to Transparency Market Research analysis, the global market for vacuum insulation panels is expected to rise at a steady rate in the years to follow. Growth of the global vacuum insulation panels market is triggered with growing construction industry couple with increasing adoption of vacuum insulation panels in building construction. Also, their use in refrigeration applications is expected to push the sale of vacuum insulation panels across the world. The global market for vacuum insulation panels is projected to expand at a value CAGR of 5.3% during the period of assessment, 2017-2026.

Players involved in manufacturing of vacuum insulation panels include Evonik Industries AG, Dow Corning, Sonoco, LG Hausys, Panasonic, Va Q Tec AG and American Aerogel Corporation. Manufacturers of vacuum insulation panels are researching on cost efficient materials for developing vacuum insulation panels. For instance, Va-Q-Tec hosted a research program in 2017 to examine thermal efficiency of nanostructured foams for VIPS (Vacuum Insulation Panels).

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High Demand for Vacuum Insulation Panels across Asian Countries to be Witnessed in Coming Years

Asia pacific excluding Japan (APEJ) region has been at the forefront with respect to use of vacuum insulation panels. Emerging countries such as China and India have shown high inclination towards use of vacuum insulation panel products across pharmaceutical industry, construction, logistics and refrigeration industry. High scope of urbanization coupled with growth of construction industry in Asia Pacific excluding Japan region is poised to influence the adoption of vacuum insulation panels, in the commercial as well as residential sectors. Demand for energy efficient material for building purposes has spurred the sale of vacuum insulation panels across major economies in APEJ, such as China, India, Australia, New Zealand, Singapore and Thailand. The sale of vacuum insulation panels in APEJ is expected to surpass US$ 3 Bn by the end of the year of assessment (2026). Manufacturers have tapped these regions owing to immense potential reflected by APEJ with respect to various end use industries. Favorable business environment of the region has attracted several players to expand their manufacturing bases. Increased manufacturing of vacuum insulation panels has been observed in the region with a view to cater to the rising demand for the product.

Silica to Gain High Acceptance in Manufacturing of Vacuum Insulation Panels

Vacuum insulation panels are widely used in building construction owing to their nonflammable and energy efficient characteristics. As per research, silica has been widely used in developing vacuum insulation panels. Silica as core of VIPs, offers noncombustible properties and it is non-toxic. Moreover, it is also recyclable. In addition, core made of fumed silica enhances the energy efficiency of the product and also permits water vapor absorption that permeates through the insulating envelope. Silica reduces heat transfer owing to very low thermal conductivity. These factors have pushed the use of silica in vacuum insulation panels and its rate of adoption is expected to grow at a significant pace in the coming years.

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