Press release
Key Factor Supporting Vacuum Insulation Market Development in 2025: Rising Demand For Vacuum Insulation In Cooling And Freezing Applications
Vacuum Insulation
How Large Will the Vacuum Insulation Market Size By 2025?
The market size of vacuum insulation has experienced robust growth over recent years. It is projected to expand from $10.07 billion in 2024 to $10.89 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.2%. The advancement in the historic period is ascribed to the rise in green building initiatives, endeavors to reduce costs, growing insulation requirements in the industrial sector, emphasis on automotive lightweighting, and energy efficiency regulations.
How Big Is the Vacuum Insulation Market Size Expected to Grow by 2029?
The market size for vacuum insulation is projected to witness robust expansion in the upcoming years, reaching $15.9 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 9.9%. The anticipated growth during this forecast period is attributed to several factors such as increased sustainable construction, demand for efficient HVAC systems, growth in the aerospace and automotive sectors, urbanisation, infrastructure development, and heightened awareness about climate change. Notable trends during this forecast period comprise of smart building integration, certification of green buildings, high-performance refrigeration, bespoke VIP solutions, and vacuum insulated glass (VIG).
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Which Key Market Drivers Powering Vacuum Insulation Market Expansion and Growth?
The vacuum insulation market's expansion is anticipated to be driven by its heightened use in cooling and freezing applications. Freezing applications leverage vacuum insulation to maintain food freshness for a more extended period compared to other coolers. Vacuum insulation is effective for the quick and secure refrigerated transport of medications and pharmaceutical goods. As per Coolest Gadgets, a US-based autonomous digital magazine, in September 2024, refrigerators were the 72nd most traded good worldwide in 2022, with a total trade value of USD 62.5 billion, comprising 0.26% of global trade. There was a 0.67% surge in refrigerator trade from 2021 to 2022. Consequently, the escalating use across cooling and freezing applications is propelling the vacuum insulation market.
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Which Fast-Growing Trends Are Poised to Disrupt the Vacuum Insulation Market?
Advances in technology are becoming an increasingly popular trend in the vacuum insulation market. Numerous major companies in this sector, such as NEVEON, are inventing new products using cutting-edge technologies to solidify their market dominance. For example, in February 2022, the Austria-based foam company NEVEON inaugurated a new production line for vacuum insulation panels (VIPs) in Nýrsko, Czech Republic. This fully automated plant is designed to cater to the growing need for energy-efficient insulation by increasing production capacity. NEVEON's VIPs are predominantly used in the construction, appliances, and logistics industries, where superior thermal insulation is crucial. This move aligns with NEVEON's larger goal to bolster its global market standing by providing advanced insulation technologies that aid in energy conservation and promote sustainability.
What Are the Emerging Segments in the Vacuum Insulation Market?
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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Who Are the Global Leaders 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
Which are the Top Profitable Regional Markets for the Vacuum Insulation Industry?
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.
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