Press release
Key Trends Shaping the Future Vacuum Insulation Market From 2025-2034: Innovative Technologies Transforming The Vacuum Insulation Market
Vacuum Insulation Market Forecast
The expected surge in the vacuum insulation market is anticipated to be driven by its increased application in cooling and freezing operations. Vacuum insulation is utilized in freezing applications to prolong the cooling duration of food items compared to other cooling options. It also plays a vital role in the quick and secure refrigerated transport of medicinal and pharmaceutical goods. For example, as also reported by the independent digital magazine based in the U.S, Coolest Gadgets, in September 2024, refrigerators claimed the 72nd position in the list of most traded products across the globe in 2022, with trade values summing up to USD 62.5 billion, thus making up for 0.26% of world trade. The trade of refrigerators witnessed a marginal increase of 0.67% from 2021 to 2022. Consequently, this surge in application across cooling and freezing operations is propelling the vacuum insulation market's growth.
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What growth opportunities are expected to drive the vacuum insulation market's CAGR through 2034?
The market size for vacuum insulation has seen substantial growth recently. The market value will increase from $10.07 billion in 2024 to $10.89 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.2%. The historic growth has been driven by factors such as the rise in green building projects, efforts in reducing costs, demand in industrial insulation, lightweighting in automotives, and regulations on energy efficiency.
A significant expansion is anticipated in the vacuum insulation market in the forthcoming years with its size projected to reach $15.9 billion in 2029, growing at a compound annual growth rate (CAGR) of 9.9%. Factors contributing to this growth during the forecast period are an increase in sustainable construction, increased demand for HVAC efficiency, advancements in the aerospace and automotive sectors, urbanization, infrastructure development, and a heightened awareness of climate change. Noteworthy trends expected in this forecast period encompass smart building integration, certifications for green building, high-efficiency refrigeration, bespoke VIP solutions, and vacuum insulated glass (VIG).
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What are the emerging trends shaping the future of the vacuum insulation market?
The vacuum insulation market is experiencing a surge in popularity due to significant technological advancements. Major players in the market are producing innovative new products in an attempt to fortify their standing. For example, NEVEON, a foam company based in Austria, launched a new vacuum insulation panel (VIP) production line in Nýrsko, Czech Republic in February 2022. This fully automated operation is intended to fulfill the increased demand for energy-efficient insulation by increasing production capacity. NEVEON's VIPs are in high demand in industries including construction, appliances, and logistics, all of which require excellent thermal insulation. NEVEON's strategic plan to strengthen its global market position is supported by its focus on providing advanced insulation technologies, thereby fostering energy conservation and sustainability.
Which growth-oriented segments of the vacuum insulation market are leading the industry's development?
The vacuum insulation market covered in this report is segmented -
1) By Type: Flat Panel, Special Shape Panel
2) By Raw Material: Plastics, Metals
3) By Core Material: Silica, Fiberglass, Other Core Materials
4) By End-User Industry: Construction, Cooling and Freezing Devices, Logistics, Other End-User Industries
Subsegments:
1) By Flat Panel: Standard Flat Panels, Custom Flat Panels
2) By Special Shape Panel: Cylindrical Panels, Corner Panels, Specialty Custom Shapes
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What regions are leading the charge in the vacuum insulation market?
Asia-Pacific was the largest region in the vacuum insulation market share in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the vacuum insulation market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What companies are at the forefront of innovation in the vacuum insulation market?
Major companies operating in the vacuum insulation market include BASF SE, M&I Materials Limited, Morgan Advanced Materials, Evonik Industries AG, LG Hausys, Panasonic Corporation, Dow, Kevothermal LLC, ThermoCor, Va-Q-Tec AG, Microtherm Sentronic GmbH, OCI Company Ltd., Kingspan Group, KCC CORPORATION, Svenska Aerogel AB, Saffil Ltd., Sulzer Metco, Luxfer Gas Cylinders, HPQ Silicon Resources Inc., Isoleika S.L., Saint-Gobain, TechnoNICOL Corporation
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What Is Covered In The Vacuum Insulation Global Market Report?
•Market Size Forecast: Examine the vacuum insulation market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the vacuum insulation market for a structured understanding.
•Key Players Overview: Analyze major players in the vacuum insulation market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the vacuum insulation market.
•Segment Contributions: Evaluate how different segments drive overall growth in the vacuum insulation market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the vacuum insulation market.
•Industry Challenges: Identify potential risks and obstacles affecting the vacuum insulation market.
•Competitive Landscape: Review strategic developments in the vacuum insulation market, including expansions, agreements, and new product launches.
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