Vacuum Insulation Panels Market - Silica and Fiberglass to Witness High Adoption During the Assessment Period
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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.
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Moreover, rising urbanization is another key factor that has influenced the market’s growth in a positive way. 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.
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Asia Pacific excluding Japan (APEJ) is expected to be highly lucrative market for vacuum insulation panels. The adoption rate of vacuum insulation panels in APEJ and Europe is similar, however, with respect to sales revenue of VIPs, Asia Pacific excluding Japan dominates the global market. Valuation wise the APEJ vacuum insulation panels market is estimated to beat US$ 3 Bn by the end of year of assessment
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