Global Vacuum Insulation Panel Market 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 2018-2025. The Vacuum Insulation Panel Market 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 market 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 market during the forecast period. However, high cost associated with vacuum insulation panels and shorter lifespan are the factor that limiting the market growth of Vacuum Insulation Panel during the forecast period.
The regional analysis of Global Vacuum Insulation Panel Market 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 market 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 market during the forecast period. Further, North America is anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 owing to rising developments in VIPs and growing demand of vacuum insulation panels among end-users in the region.
The major market player included in this report are:
Csafe Global
DowDuPont
Evonik Industries
Hanita Coatings
KCC Corporation
Morgan Advanced Material
The objective of the study is to define market 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 market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Structure Type:
Flat
Special Shape
By Application:
Construction
Cooling & Freezing Devices
Logistics
Others
By Core Material:
Silica
Fiberglass
Others
By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2015, 2016
Base year - 2017
Forecast period - 2018 to 2025
Target Audience of the Global Vacuum Insulation Panel Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
