Vacuum Insulation Panels Market 2019: Competitive Landscape By Evonik, LG, Panasonic, Dow Corning, OCI, Kingspan Insulation, ThermoCor, Porextherm Dämmstoffe, Vacutherm and Hanita Coatings

Global Vacuum Insulation Panel Market Information by Material (Silica, Fiberglass and others), by Type (Flat and Special Shape), by End-use (Construction, Home Appliances, Logistics, and others) and by Region - Forecast to 2022

The key players of global vacuum insulation panel market are Evonik Industries AG (Germany), LG Hausys, Ltd. (Korea), Panasonic Corporation (Japan), Dow Corning Corporation (U.S.), OCI Company Ltd. (Korea), Kingspan Insulation LLC (U.S.), ThermoCor (U.S.), Porextherm Dämmstoffe GmbH (Germany), Vacutherm Ltd. (U.K.), Hanita Coatings RCA Ltd. (Isreal) and others.

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Vacuum Insulation Panel Market Overview

Vacuum Insulation Panels are specially designed to use the insulation of vacuum in a panel form. A vacuum insulation panel (VIP) is used in refrigeration units, building constructions, and insulated shipping containers. Vacuum insulation panels allow outstanding thermal conductivity for the thinnest possible solutions. Such panels provide better insulation than conventional insulation materials such as loose-fill, spray foam, batts, and blankets. The latest report published by Market Research Future (MRFR) has projected the vacuum insulation panels market to garner a 4% CAGR during the forecast period.

Vacuum insulation panels enable temperature-controlled bundling, vitality proficiency, refrigerated transportation frameworks, and space benefits for home machines. These advantages are the driving factors for the vacuum insulation panels market. Vacuum insulation panels are ultra-thin and provide higher performance than traditional insulation materials, speeding momentum of growth in the vacuum insulation panels market.

Segmental Analysis

The vacuum insulation panels market has been segmented on the basis of material, type, and end use. Based on material, the market has been segmented into silica and fiberglass. Silica-based panels held approximately half of the global market share in 2015 due to the provision of a higher thermal insulation as compared to other materials. The fiberglass segment is anticipated to showcase lucrative growth during the forecast period, owing to its lower thermal conductivity and higher thermal efficiency.

Based on type, the market has been segmented into flat and special shape. On the basis of end use, the market has been segmented into construction, home appliances, and logistics. The construction segment held the highest market revenue in 2015, due to maximum consumption of vacuum insulation panels for residential as well as underground constructions. Among various other non-conventional insulation materials introduced in the construction industry, vacuum insulation panels are most preferred in the industry owing to its highest thermal insulating capacity.

Industry Updates

November 9, 2018: The Vacuum Insulation Panel Association (VIPA) published a case study on a prestigious residential building in Frankfurt, The Grand Tower, to showcase contributions by vacuum insulation panels in insulating its façade.

Detailed Regional Analysis

The vacuum insulation panels market has been segmented into North America, Europe, Asia Pacific (APAC) and Rest of the World (RoW) for regional analysis. Asia Pacific is anticipated to dominate the vacuum insulation panels market during the forecast period. China, Japan, and India are major contributors to the vacuum insulation panels market from Asia Pacific because of rapid growth in the construction sector in these countries. Many upcoming construction mega-projects in these countries are driving the demand for vacuum insulation panels in the market. The Government of India has initiated the development of 100 smart-cities throughout the country, along with its Make in India initiative, encouraging growth and development of the logistics and manufacturing sectors in the country. Such development is expected to result in a positive impact on the market growth for vacuum insulation panels.

Rapid urbanization, demand for energy efficient material for building purposes, and speedy growth in both- residential and commercial construction industry have spurred the growth rate in Asia Pacific. Such factors have propelled the demand for vacuum insulation panels in major economies of Asia Pacific such as China, India, New Zealand, Australia, and Thailand.

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Competitive Analysis

The global vacuum insulation panels market is expected to gain momentum in growth during the assessment period due to various factors such as growth in the construction sector, rising demand for energy efficient materials, government policies for energy conservation, and higher scope of urbanization. However, fluctuations in the raw material prices are deemed to hinder growth in the global vacuum insulation panels market.

Scope of Report

The report for Global Vacuum Insulation Panel Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Table of Contents:

1... Executive Summary

2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model

3... Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis

Continued......

List of Tables

Table 1 Global Vacuum Insulation Panel Market, by Material
Table 2 Global Vacuum Insulation Panel Market, by Type
Table 3 Global Vacuum Insulation Panel Market, by Application
Table 4 Global Vacuum Insulation Panel Market, by Regions
Table 5 North America Vacuum Insulation Panel Market, by Country
Table 6 North America Vacuum Insulation Panel Market, by Material
Table 7 North America Vacuum Insulation Panel Market, by Type

Continued......

List of Figures

Figure 1 Research Type
Figure 2 Global Vacuum Insulation Panel Market: by Material (%)
Figure 3 Global Vacuum Insulation Panel Market: by Type (%)
Figure 4 Global Vacuum Insulation Panel Market: by Application (%)
Figure 5 Global Vacuum Insulation Panel Market: by Region
Figure 6 North America Vacuum Insulation Panel Market, by Material (%)
Figure 7 North America Vacuum Insulation Panel Market, by Type (%)

Continued......

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