Vacuum insulation market was valued at USD 7.80 billion in 2021 and is expected to reach USD 11.84 billion by 2029, registering a CAGR of 5.36% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
A vacuum insulation panel (VIP) is a flat element that consists of an open porous core material that withstands the external load caused by atmospheric pressure and a gas-tight envelope to maintain the required vacuum quality. It is ideal for transporting heat-sensitive products in extreme conditions such as long periods of time and high temperatures. It has a low insulation thickness and high thermal insulation performance. As a result, vacuum insulation panel is widely used across the construction and logistics industries around the world.
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Some of the major players operating in the vacuum insulation market are
- BASF SE (Germany)
- M&I Materials Limited (U.K)
- Morgan Advanced Materials (U.K.)
- Evonik Industries AG (Germany)
- LG Hausys (South Korea)
- Panasonic Corporation (Japan)
- Dow (U.S.), OCI Company Ltd. (Korea)
- Kevothermal (Mexico)
- Morgan Advanced Materials (Germany)
- ThermoCor (U.S.)
- Va-Q-Tec AG (Germany)
- AVERY DENNISON CORPORATION (U.S.)
- Kingspan Group (Ireland)
- KCC CORPORATION (South Korea)
Global Vacuum Insulation Market Scope:
Raw Material
- Plastics
- Metals
Core Material
- Silica
- Fiberglass
- Others
Type
- Flat Panel
- Special Shape Panel
End-User Industry
- Construction
- Cooling and Freezing Devices
- Logistics
- Others
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Vacuum Insulation Market Regional Analysis/Insights:
The vacuum insulation market is analyzed and market size insights and trends are provided by country, raw material, core material, type and end-user industry as referenced above.
The countries covered in the vacuum insulation market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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