Press release
Vacuum Insulation Panel Market Size 2022 Expanding at a 8.1% CAGR and Will Reach USD 11.52 Billion by 2029 | Key Players - Panasonic Corporation, OCI Company Ltd., LG Hausys Ltd
Based on previous market performance, the Vacuum Insulation Panel market is expected to reach USD 11.52 Billion in size by 2029. With a 8.1% CAGR.Vacuum Insulation Panel Market Overview:
Since previous years, there has been an increase in the demand for energy-efficient buildings. Because they are so important in preventing heat loss, materials containing insulating components are being used more frequently to meet energy efficiency standards. This has prompted the construction industry to recognize vacuum insulation panels as an effective way to lower energy loss. Due to their greater thermal resistance, vacuum insulation panels (VIPs) are regarded as a useful substitute for traditional building materials. According to studies, attempts are being made to produce vacuum insulation panels with certain properties suitable for both new and existing structures. In this regard, it has been noted that vacuum insulation panels are manufactured utilizing glass fiber, perlite, foams, and powder/fiber composites.
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Construction and refrigeration have been using vacuum insulated panels more and more. Additionally, it is projected that the expansion of this market will be fueled by the strict rules that are being implemented by various governmental organizations and regulatory bodies with regard to energy saving and carbon emissions.
Based on our expert's analysis the players that are leading the market includes: Panasonic Corporation, OCI Company Ltd., LG Hausys Ltd., Porextherm Dämmstoffe GmbH, ThermoCor, Microtherm, Dow Corning Corporation, Va-Q-Tec AG, Kevothermal, LLC. and Others.
The whole market is segmented as follows:
Vacuum Insulation Panel Market By Core Material, 2020-2029, (USD MILLION) (Million Square Meters)
Silica
Fiberglass
Vacuum Insulation Panel Market By Raw Material, 2020-2029, (USD Million) (Million Square Meters)
Plastic
Metal
Vacuum Insulation Panel Market By Product, 2020-2029, (USD Million) (Million Square Meters)
Flat
Special Shape
Vacuum Insulation Panel Market By Application, 2020-2029, (USD Million) (Million Square Meters)
Construction
Cooling And Freezing Devices
Logistic
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Vacuum Insulation Panel Market' s top organizations are operating in a dynamic set-up, wherein they are required to incorporate unprecedented advances to reap benefits from the latest and upcoming information technologies and industry trends.
Regional Analysis:
This report is segmented into several key Regions, with production, consumption, revenue and market share and growth rate of Vacuum Insulation Panel Market. These regions, from 2022 To 2029, covering North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) and ROW.
Our Market Intelligence reports give our clients the information they need to maintain a competitive edge in the marketplace. Competitor Analysis and Profiling studies delve further into a company's competitive strengths and shortcomings. Market assessments conducted by SIS reveal market opportunities, size, and viability.
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