Press release
Vacuum Insulation Panels Market 2018 by Global Leader: Evonik Industries AG, LG Hausys, Ltd., Panasonic Corporation, Dow Corning Corporation, OCI Company Ltd., Kingspan Insulation LLC
Market HighlightsVacuum Insulation Panels (VIPs) are developed to provide better insulation with high thermal resistance. VIPs are composed of a core material and an envelope. Recently, vacuum insulation panels are preferred more, owing to their thermal resistance properties compared to conventional insulation materials. Additionally, the rising consumer awareness, as well as the increasing demand for thermal insulation in residential and commercial buildings is also fueling the demand of this market.
The report has been analyzed based on materials, types, applications, and regions. On the basis of type, global vacuum insulation panels market is segmented into silica, fiberglass and others. Out of them, silica segment has the largest share mainly due to the properties of silica such as low density, low thermal conductivity, and high specific surface area. Also, silica-based VIPs have better longevity than fiberglass VIPs. These properties increase the use of silica-based VIPs. Silica type segment is expected to grow at significant pace during the forecast period. Global vacuum insulation panels market is expected to grow at CAGR of around 4 from during the forecast period..
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Key Players
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.
Market Research Analysis
On the basis of applications, global vacuum insulation panel market is segmented into construction, home appliances, logistic, and others. Out of them, construction sector has the largest share mainly due to the growing construction & infrastructural activities worldwide.
Asia-Pacific is the largest region for the vacuum insulation panel market mainly due to rapid growth in construction sector and increasing demand for sea food. It is expected to grow at the fastest pace during the forecast period.
Asia-Pacific is the largest growing market
On the basis of regions, the global vacuum insulation panels market is segmented into North America, Europe, Asia-Pacific and RoW. Asia-Pacific region dominates the vacuum insulation panels market. Rapid growth in construction sector is the primary driving factor of vacuum insulation panels market in the region. Additionally, the growing consumer awareness as well as increasing demand for thermal insulation in residential and commercial building is fueling the demand of this market. This region is expected to grow at the fastest pace during the forecast period.
North America is also expected to contribute significantly to the global vacuum insulation panels market mainly due to government initiatives such as Weatherization Assistance Program, which promote the thermal insulation. European region and Rest of the World are expected to witness steady growth over the forecast period.
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Table of Content
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
4... Global Vacuum Insulation Panel Market, By Material
4.1 Silica
4.2 Fiberglass
4.3 Other
5... Global Vacuum Insulation Panel Market, By Type
Continue……..
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