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Vacuum Insulation Panels Market - Silica and Fiberglass to Witness High Adoption in Vacuum Insulation Panels During the Assessment Period

03-21-2018 06:20 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Adoption of vacuum insulation panels is influenced with increasing demand for material that assist in reducing energy losses. Vacuum insulation panels possess energy conserving properties and are widely used in the construction industry. The growth in construction sector has largely contributed to the use of vacuum insulation panels, pushing the growth of the global market of the product.

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Sale of vacuum insulation panels for refrigeration is also rising with increasing use of fiber glass vacuum insulation panels, consequently fuelling the growth of the vacuum insulation panels at a global level. Moreover, rising urbanization is another key factor that has influenced the market’s growth in a positive way.

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Growing urbanization has led to an increase in the infrastructure and construction activities, which in turn have increased the demand for energy efficient vacuum insulation panels. Vacuum insulation panels are being used in shipping and logistics. Transportation of frozen food requires efficient temperature management, which has been possible with the use of vacuum insulation panels.

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Global market for vacuum insulation panels is expected to grow at a steady pace in the coming years. Initiatives with respect to use of vacuum insulation panes for residential buildings is expected to push the market’s growth in the coming years.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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