Global Vacuum Insulation Panel Industry valued approximately USD 6.75 billion in 2017 is anticipated to grow with a healthy growth rate of more than 5.0% over the forecast period 2019-2025. The Vacuum Insulation Panel Industry is continuously growing in the global scenario at significant pace. Vacuum insulation panels (VIPs) are ultra-thin and high-performance insulants that are expected to be more preferred over traditional protection items. VIPs provide vitality proficiency, space benefits for home machines, temperature-controlled bundling, and refrigerated transportation frameworks. Surging Construction sector in both developed and developing countries, escalating packaging sector and demand for consumer appliances & launch are the substantial driving factors of the Industry during the forecast period. Moreover, energy codes & policies framed for new buildings is the major factor that likely to creating lucrative opportunity in the near future. Furthermore, vacuum insulation panels are more efficient and reduce the thickness of any material in which they used so, it is another factor that impelling the growth in the Industry during the forecast period. However, high cost associated with vacuum insulation panels and shorter lifespan are the factor that limiting the Industry growth of Vacuum Insulation Panel during the forecast period.
The regional analysis of Global Vacuum Insulation Panel Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of Industry share due booming construction sector and high inclination towards use of vacuum insulation panel products across the region. Europe is estimated to grow at stable growth rate in the global Vacuum Insulation Panel Industry during the forecast period. Further, North America is anticipated to exhibit higher growth rate / CAGR over the forecast period 2019-2025 owing to rising developments in VIPs and growing demand of vacuum insulation panels among end-users in the region.
The objective of the study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro Industrys for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Vacuum Insulation Panel Industry Share and Size by 2019-2025
Vacuum Insulation Panel Market Segmentation:
By Structure Type:
Cooling & Freezing Devices
By Core Material:
* North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Major Market Players in Vacuum Insulation Panel Market are as follows:
Morgan Advanced Material