Product Code: PMRREP34745
Persistence Market Research has recently published an extensive report on the global Vacuum Insulation Panel (VIP) Market. This report offers a comprehensive analysis of the key market dynamics, including drivers, trends, opportunities, and challenges, providing deep insights into the market structure.
Key Insights:
- Vacuum Insulation Panel Market Size (2024E): USD 8.1 Bn
- Projected Market Value (2031F): USD 11.3 Bn
- Global Market Growth Rate (CAGR 2024 to 2031): 4.9%
Vacuum Insulation Panel Market - Report Scope:
The Vacuum Insulation Panel (VIP) Market encompasses a range of high-performance insulation solutions used across multiple industries, including construction, transportation, and appliances. These panels are designed to offer superior thermal insulation with a thin profile, making them essential for applications where space is a premium. VIPs are integral to improving energy efficiency in various sectors, from cold chain logistics to electric vehicle thermal management. The market is driven by a combination of stringent energy efficiency regulations, technological advancements, and increasing demand for sustainable insulation solutions across developed and developing regions.
Market Growth Drivers:
The global Vacuum Insulation Panel Market is witnessing significant growth due to multiple factors, including the expansion of cold chain logistics, the rise of electric vehicles, and the aerospace industry's demand for lightweight, effective insulation solutions. VIPs play a crucial role in enhancing energy efficiency and maintaining temperature control in high-tech applications. Additionally, the construction industry is adopting VIPs to meet strict energy regulations, further boosting market demand. Flat panel types, known for their superior thermal properties and ease of integration, are expected to dominate the market.
Market Restraints:
Despite the growth potential, the VIP market faces challenges such as high production costs and limited availability of raw materials. The initial investment required for VIP installation, particularly in the construction and transportation sectors, can be a deterrent in price-sensitive markets. Moreover, the lack of standardization across regions regarding insulation materials and performance criteria poses a challenge for manufacturers aiming for global market penetration. Regulatory hurdles and stringent testing requirements for VIPs, especially in the aerospace and medical fields, also slow down market expansion.
Market Opportunities:
The Vacuum Insulation Panel Market offers significant growth opportunities, particularly in the home appliances and construction sectors, where energy efficiency is a priority. The rising trend of home-based healthcare solutions and e-commerce platforms enables broader accessibility and faster adoption of VIPs in everyday products. Furthermore, advancements in sustainable materials and eco-friendly manufacturing processes present an opportunity for manufacturers to tap into environmentally conscious markets. Strategic partnerships and acquisitions, such as Recticel's acquisition of Trimo, further accelerate innovation and market penetration, allowing companies to strengthen their positions in the global market.
Key Questions Answered in the Report:
- What factors are driving the growth of the Vacuum Insulation Panel Market globally?
- Which industries are leading the adoption of VIPs in various settings?
- How are technological advancements influencing the competitive landscape of the Vacuum Insulation Panel Market?
- Who are the key players in the Vacuum Insulation Panel Market, and what strategies are they employing to stay competitive?
- What are the emerging trends and future prospects in the global Vacuum Insulation Panel Market?
Competitive Intelligence and Business Strategy:
Leading players in the global Vacuum Insulation Panel Market focus on innovation, product differentiation, and sustainability to gain a competitive edge. Companies are investing heavily in R&D to develop high-performance insulation solutions tailored to specific industries, such as electric vehicles and aerospace. Strategic acquisitions, such as Recticel's purchase of Trimo, highlight the industry's move toward integrated and sustainable insulation solutions. Manufacturers are also focusing on expanding their presence in emerging markets through partnerships and collaborations with construction companies, cold chain logistics providers, and appliance manufacturers.
Key Market Players
- Evonik Industries AG
- Panasonic Corporation
- Dow Inc.
- Knauf Insulation
- Csafe
- Va-Q-Tec AG
- Recticel Insulation
- Kingspan Group
- OCI Company Ltd
- AVERY DENNISON CORPORATION
- Chuzhou Yinxing Electric Co. Ltd
- Etex Group
- Kevothermal
- Morgan Advanced Materials
- TURNA d.o.o
- Vaku -Isotherm GmbH
Vacuum Insulation Panel Market Segmentation
By Material
- Silica-based VIPs
- Fiberglass-based VIPs
- Others (e.g., Perlite, Polyurethane Foam)
By Type
- Flat Panel
- Special Shape Panel
By Application
- Construction
- Appliances & Refrigeration
- Logistics
- Automotive
- Aerospace
- Others (e.g., Laboratory Equipment, Medical Devices)
By Region
- North America
- Europe
- East Asia
- South Asia & Oceania
- The Middle East and Africa
- Latin America
Table of Contents
1. Executive Summary
- 1.1. Global Vacuum Insulation Panel Market Snapshot, 2024-2031
- 1.2. Market Opportunity Assessment, 2024-2031, US$ Mn
- 1.3. Key Market Trends
- 1.4. Future Market Projections
- 1.5. Premium Market Insights
- 1.6. Industry Developments and Key Market Events
- 1.7. PMR Analysis and Recommendations
2. Market Overview
- 2.1. Market Scope and Definition
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
- 2.3. Material Lifecycle Analysis
- 2.4. Vacuum Insulation Panel Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
- 2.5. Macro-Economic Factors
- 2.5.1. Global GDP Growth Outlook
- 2.5.2. Global Economic Growth Outlook
- 2.5.3. Manufacturing Valued Added by key Countries
- 2.5.4. Industry Value Added By Key Countries
- 2.5.5. Global Parent Market Overview
- 2.5.6. Other Macroeconomic Factors
- 2.6. Forecast Factors - Relevance and Impact
- 2.7. Covid-19 Impact Assessment
- 2.8. PESTLE Analysis
- 2.9. Porter Five Force's Analysis
- 2.10. Russia-Ukraine War: Market Impact
- 2.11. Regulatory and Technology Landscape
3. Production Output and Trade Statistics, 2019-2023
- 3.1. Production by Region
- 3.2. Import-Export Analysis
- 3.3. Net Trade Flow
4. Price Trend Analysis, 2019-2031
- 4.1. Key Highlights
- 4.2. Key Factors Impacting Material Prices
- 4.3. Prices By Material
- 4.4. Regional Prices and Product Preferences
5. Global Vacuum Insulation Panel Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 5.1. Key Highlights
- 5.1.1. Market Volume (Tons) Projections
- 5.1.2. Market Size and Y-o-Y Growth
- 5.1.3. Absolute $ Opportunity
- 5.2. Market Size (US$ Bn) Analysis and Forecast
- 5.2.1. Historical Market Size Analysis, 2019-23
- 5.2.2. Current Market Size Forecast, 2024-2031
- 5.3. Global Vacuum Insulation Panel Market Outlook: Material
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Bn) and Volume (Tons) Analysis By Material, 2019-2023
- 5.3.3. Current Market Size (US$ Bn) and Volume (Tons) Forecast By Material, 2024-2031
- 5.3.3.1. Silica-based VIPs
- 5.3.3.2. Fiberglass-based VIPs
- 5.3.3.3. Others (e.g., Perlite, Polyurethane Foam)
- 5.4. Market Attractiveness Analysis: Material
- 5.5. Global Vacuum Insulation Panel Market Outlook: Panel Type
- 5.5.1. Introduction / Key Findings
- 5.5.2. Historical Market Size (US$ Bn) and Volume (Tons) Analysis By Panel Type, 2019-2023
- 5.5.3. Current Market Size (US$ Bn) and Volume (Tons) Forecast By Panel Type, 2024-2031
- 5.5.3.1. Flat Panel
- 5.5.3.2. Special Shape Panel
- 5.6. Market Attractiveness Analysis: Panel Type
- 5.7. Global Vacuum Insulation Panel Market Outlook: Application
- 5.7.1. Introduction / Key Findings
- 5.7.2. Historical Market Size (US$ Bn) and Volume (Tons) Analysis By Function, 2019-2023
- 5.7.3. Current Market Size (US$ Bn) and Volume (Tons) Forecast By Function, 2024-2031
- 5.7.3.1. Construction
- 5.7.3.2. Appliances & Refrigeration
- 5.7.3.3. Logistics
- 5.7.3.4. Automotive
- 5.7.3.5. Aerospace
- 5.7.3.6. Others (e.g., Laboratory Equipment, Medical Devices)
- 5.8. Market Attractiveness Analysis: Panel Type
6. Global Vacuum Insulation Panel Market Outlook: Region
- 6.1. Key Highlights
- 6.2. Historical Market Size (US$ Bn) and Volume (Tons) Analysis By Region, 2019-2023
- 6.3. Current Market Size (US$ Bn) and Volume (Tons) Forecast By Region, 2024-2031
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia and Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa (MEA)
- 6.4. Market Attractiveness Analysis: Region
7. North America Vacuum Insulation Panel Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 7.1. Key Highlights
- 7.2. Pricing Analysis
- 7.3. Historical Market Size (US$ Bn) and Volume (Tons) Analysis By Market, 2019-2023
- 7.3.1. By Country
- 7.3.2. By Material
- 7.3.3. By Panel Type
- 7.3.4. By Application
- 7.4. Current Market Size (US$ Bn) and Volume (Tons) Forecast By Country, 2024-2031
- 7.4.1. U.S.
- 7.4.2. Canada
- 7.5. Current Market Size (US$ Bn) and Volume (Tons) Forecast By Material, 2024-2031
- 7.5.1. Silica-based VIPs
- 7.5.2. Fiberglass-based VIPs
- 7.5.3. Others (e.g., Perlite, Polyurethane Foam)
- 7.6. Current Market Size (US$ Bn) and Volume (Tons) Forecast By Panel Type, 2024-2031
- 7.6.1. Flat Panel
- 7.6.2. Special Shape Panel
- 7.7. Current Market Size (US$ Bn) and Volume (Tons) Forecast By Application, 2024-2031
- 7.7.1. Construction
- 7.7.2. Appliances & Refrigeration
- 7.7.3. Logistics
- 7.7.4. Automotive
- 7.7.5. Aerospace
- 7.7.6. Others (e.g., Laboratory Equipment, Medical Devices)
- 7.8. Market Attractiveness Analysis
8. Europe Vacuum Insulation Panel Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 8.1. Key Highlights
- 8.2. Pricing Analysis
- 8.3. Historical Market Size (US$ Bn) and Volume (Tons) Analysis By Market, 2019-2023
- 8.3.1. By Country
- 8.3.2. By Material
- 8.3.3. By Panel Type
- 8.3.4. By Application
- 8.4. Current Market Size (US$ Bn) and Volume (Tons) Forecast By Country, 2024-2031
- 8.4.1. Germany
- 8.4.2. France
- 8.4.3. U.K.
- 8.4.4. Italy
- 8.4.5. Spain
- 8.4.6. Russia
- 8.4.7. Turkey
- 8.4.8. Rest of Europe
- 8.5. Current Market Size (US$ Bn) and Volume (Tons) Forecast By Material, 2024-2031
- 8.5.1. Silica-based VIPs
- 8.5.2. Fiberglass-based VIPs
- 8.5.3. Others (e.g., Perlite, Polyurethane Foam)
- 8.6. Current Market Size (US$ Bn) and Volume (Tons) Forecast By Panel Type, 2024-2031
- 8.6.1. Flat Panel
- 8.6.2. Special Shape Panel
- 8.7. Current Market Size (US$ Bn) and Volume (Tons) Forecast By Application, 2024-2031
- 8.7.1. Construction
- 8.7.2. Appliances & Refrigeration
- 8.7.3. Logistics
- 8.7.4. Automotive
- 8.7.5. Aerospace
- 8.7.6. Others (e.g., Laboratory Equipment, Medical Devices)
- 8.8. Market Attractiveness Analysis
9. East Asia Vacuum Insulation Panel Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 9.1. Key Highlights
- 9.2. Pricing Analysis
- 9.3. Historical Market Size (US$ Bn) and Volume (Tons) Analysis By Market, 2019-2023
- 9.3.1. By Country
- 9.3.2. By Material
- 9.3.3. By Panel Type
- 9.3.4. By Application
- 9.4. Current Market Size (US$ Bn) and Volume (Tons) Forecast By Country, 2024-2031
- 9.4.1. China
- 9.4.2. Japan
- 9.4.3. South Korea
- 9.5. Current Market Size (US$ Bn) and Volume (Tons) Forecast By Material, 2024-2031
- 9.5.1. Silica-based VIPs
- 9.5.2. Fiberglass-based VIPs
- 9.5.3. Others (e.g., Perlite, Polyurethane Foam)
- 9.6. Current Market Size (US$ Bn) and Volume (Tons) Forecast By Panel Type, 2024-2031
- 9.6.1. Flat Panel
- 9.6.2. Special Shape Panel
- 9.7. Current Market Size (US$ Bn) and Volume (Tons) Forecast By Application, 2024-2031
- 9.7.1. Construction
- 9.7.2. Appliances & Refrigeration
- 9.7.3. Logistics
- 9.7.4. Automotive
- 9.7.5. Aerospace
- 9.7.6. Others (e.g., Laboratory Equipment, Medical Devices)
- 9.8. Market Attractiveness Analysis
10. South Asia & Oceania Vacuum Insulation Panel Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 10.1. Key Highlights
- 10.2. Pricing Analysis
- 10.3. Historical Market Size (US$ Bn) and Volume (Tons) Analysis By Market, 2019-2023
- 10.3.1. By Country
- 10.3.2. By Material
- 10.3.3. By Panel Type
- 10.3.4. By Application
- 10.4. Current Market Size (US$ Bn) and Volume (Tons) Forecast By Country, 2024-2031
- 10.4.1. India
- 10.4.2. Southeast Asia
- 10.4.3. ANZ
- 10.4.4. Rest of South Asia & Oceania
- 10.5. Current Market Size (US$ Bn) and Volume (Tons) Forecast By Material, 2024-2031
- 10.5.1. Silica-based VIPs
- 10.5.2. Fiberglass-based VIPs
- 10.5.3. Others (e.g., Perlite, Polyurethane Foam)
- 10.6. Current Market Size (US$ Bn) and Volume (Tons) Forecast By Panel Type, 2024-2031
- 10.6.1. Flat Panel
- 10.6.2. Special Shape Panel
- 10.7. Current Market Size (US$ Bn) and Volume (Tons) Forecast By Application, 2024-2031
- 10.7.1. Construction
- 10.7.2. Appliances & Refrigeration
- 10.7.3. Logistics
- 10.7.4. Automotive
- 10.7.5. Aerospace
- 10.7.6. Others (e.g., Laboratory Equipment, Medical Devices)
- 10.8. Market Attractiveness Analysis
11. Latin America Vacuum Insulation Panel Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 11.1. Key Highlights
- 11.2. Pricing Analysis
- 11.3. Historical Market Size (US$ Bn) and Volume (Tons) Analysis By Market, 2019-2023
- 11.3.1. By Country
- 11.3.2. By Material
- 11.3.3. By Panel Type
- 11.3.4. By Application
- 11.4. Current Market Size (US$ Bn) and Volume (Tons) Forecast By Country, 2024-2031
- 11.4.1. Brazil
- 11.4.2. Mexico
- 11.4.3. Rest of Latin America
- 11.5. Current Market Size (US$ Bn) and Volume (Tons) Forecast By Material, 2024-2031
- 11.5.1. Silica-based VIPs
- 11.5.2. Fiberglass-based VIPs
- 11.5.3. Others (e.g., Perlite, Polyurethane Foam)
- 11.6. Current Market Size (US$ Bn) and Volume (Tons) Forecast By Panel Type, 2024-2031
- 11.6.1. Flat Panel
- 11.6.2. Special Shape Panel
- 11.7. Current Market Size (US$ Bn) and Volume (Tons) Forecast By Application, 2024-2031
- 11.7.1. Construction
- 11.7.2. Appliances & Refrigeration
- 11.7.3. Logistics
- 11.7.4. Automotive
- 11.7.5. Aerospace
- 11.7.6. Others (e.g., Laboratory Equipment, Medical Devices)
- 11.8. Market Attractiveness Analysis
12. Middle East & Africa Vacuum Insulation Panel Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 12.1. Key Highlights
- 12.2. Pricing Analysis
- 12.3. Historical Market Size (US$ Bn) and Volume (Tons) Analysis By Market, 2019-2023
- 12.3.1. By Country
- 12.3.2. By Material
- 12.3.3. By Panel Type
- 12.3.4. By Application
- 12.4. Current Market Size (US$ Bn) and Volume (Tons) Forecast By Country, 2024-2031
- 12.4.1. GCC
- 12.4.2. Egypt
- 12.4.3. South Africa
- 12.4.4. Northern Africa
- 12.4.5. Rest of Middle East & Africa
- 12.5. Current Market Size (US$ Bn) and Volume (Tons) Forecast By Material, 2024-2031
- 12.5.1. Silica-based VIPs
- 12.5.2. Fiberglass-based VIPs
- 12.5.3. Others (e.g., Perlite, Polyurethane Foam)
- 12.6. Current Market Size (US$ Bn) and Volume (Tons) Forecast By Panel Type, 2024-2031
- 12.6.1. Flat Panel
- 12.6.2. Special Shape Panel
- 12.7. Current Market Size (US$ Bn) and Volume (Tons) Forecast By Application, 2024-2031
- 12.7.1. Construction
- 12.7.2. Appliances & Refrigeration
- 12.7.3. Logistics
- 12.7.4. Automotive
- 12.7.5. Aerospace
- 12.7.6. Others (e.g., Laboratory Equipment, Medical Devices)
- 12.8. Market Attractiveness Analysis
13. Competition Landscape
- 13.1. Market Share Analysis, 2023
- 13.2. Market Structure
- 13.2.1. Competition Intensity Mapping by Market
- 13.2.2. Competition Dashboard
- 13.2.3. Apparent Production Capacity
- 13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. Evonik Industries AG
- 13.3.1.1. Overview
- 13.3.1.2. Segments and Materials
- 13.3.1.3. Key Financials
- 13.3.1.4. Market Developments
- 13.3.1.5. Market Strategy
- 13.3.2. Panasonic Corporation
- 13.3.3. Dow Inc.
- 13.3.4. Knauf Insulation
- 13.3.5. Csafe
- 13.3.6. Va-Q-Tec AG
- 13.3.7. Recticel Insulation
- 13.3.8. Kingspan Group
- 13.3.9. OCI Company Ltd
- 13.3.10. AVERY DENNISON CORPORATION
- 13.3.11. Chuzhou Yinxing Electric Co. Ltd
- 13.3.12. Etex Group
- 13.3.13. Kevothermal
- 13.3.14. Morgan Advanced Materials
- 13.3.15. TURNA d.o.o
- 13.3.16. Vaku -Isotherm GmbH
14. Appendix
- 14.1. Research Methodology
- 14.2. Research Assumption
- 14.3. Acronyms and Abbreviations