Press release
Growing Demand for Green Construction Practices Propels Global Vacuum Insulation Panel Market Toward $10.33 Billion by 2029
What Is The Projected Market Size Of The Global Vacuum Insulation Panel Market And Its Growth Rate?
The vacuum insulation market size has witnessed steady growth in the past years and is projected to continue this trend:
• The market grew from $7.92 billion in 2024, predicted to touch $8.26 billion in 2025, at a CAGR of 4.3% under the influence of green building initiatives, energy efficiency regulations, and globalization of markets.
• The forecast for the period to 2029 suggests growth to $10.33 billion, with a CAGR of 5.8%, due to increasing sustainable construction practices, burgeoning demand for HVAC efficiency, and heightened climate change awareness.
What Is Driving The Growth In The Vacuum Insulation Panel Market?
The vacuum insulation panel market growth is driven by an increasing focus on energy efficiency. This efficiency, achieved through the use of energy, enables one to derive maximum output while reducing waste and consumption. The use of Vacuum Insulation Panels (VIPs), particularly in buildings and refrigeration, provides substantial thermal insulation that aids in energy consumption and code minimization. For example, the U.S energy consumption dropped by approximately 1.3% in 2023, driven majorly by significant reductions in the residential and commercial sectors. This focus on energy efficiency, hence, contributes largely to the growth of the vacuum insulation panel market.
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Who Are the Key Players Driving Vacuum Insulation Panel Market Growth?
Prominent operators in the vacuum insulation panel market include -
•Evonik Industries AG
•Panasonic Corporation
•Kevothermal LLC
•Microtherm Sentronic GmbH
•va-Q-tec AG
•OCI Company Ltd.
•Thermal Visions Inc.
•LG Hausys Ltd.
•Porextherm Dämmstoffe GmbH
•ThermoCor, Kingspan Group
•Johns Manville Corporation
•Owens Corning Inc.
•Saint-Gobain S.A.
•BASF SE
•DuPont de Nemours Inc.
•3M Company
•Nitto Denko Corporation
•Sekisui Chemical Co. Ltd.
•Armacell International S.A.
What Are The Key Trends In The Vacuum Insulation Panel Market?
Key market trends encompass -
• Advanced manufacturing techniques
• Customized VIP solutions
• Nanotechnology integration
• Smart building integration
• Hybrid insulation systems
What Are The Segments Of The Global Vacuum Insulation Panel Market?
The global vacuum insulation market is divided into the following segments -
1) By Type: Flat, Special Shape
2) By Raw Material: Silica, Fiberglass, Plastic, Metal, Other Raw Materials
3) By Application: Construction, Cooling and Freezing Devices, Logistics, Other Applications
Which Region Leads The Vacuum Insulation Panel Market?
Asia-Pacific held the most significant share in the vacuum insulation panel market in 2024. Furthermore, it is predicted to be the fastest-growing region in the forecast period. The report covered regions include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Vacuum Insulation Panel Market Global Market Report?
- Market Size Analysis: Analyze the Vacuum Insulation Panel Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Vacuum Insulation Panel Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Vacuum Insulation Panel Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Vacuum Insulation Panel Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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