Press release
Insulating Excellence: Vacuum Insulation Panels Lead Sustainability in 2024- Highlights the leadership role of vacuum insulation panels in promoting sustainability efforts.
The vacuum insulation panel market size has grown steadily in recent years. It will grow from $7.66 billion in 2023 to $8.03 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to green building initiatives, energy efficiency regulations, cost reduction efforts, industrial insulation needs, globalization of markets.
The vacuum insulation panel market size is expected to see steady growth in the next few years. It will grow to $9.74 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to increasing sustainable and green construction practices, growing demand for hvac efficiency, aerospace and automotive growth, urbanization and infrastructure development, increased awareness of climate change. Major trends in the forecast period include advanced manufacturing techniques, customized vip solutions, nanotechnology integration, smart building integration, hybrid insulation systems.
Market Overview -
Vacuum insulation panel refers to thermal insulation that consists of a gas-tight shell enclosing a rigid core that has been evacuated of air. They are manufactured with microporous core encapsulated and vacuum sealed in impermeable high gas barrier film under vacuum. The advantages of vacuum insulation panels are good thermal efficiency, reliable long-term performance, and fit in tight spaces in new buildings.
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Growing Emphasis On Energy Efficiency Drives Vacuum Insulation Panel Market
The increasing focus on energy efficiency is expected to propel the growth of the vacuum insulation panel market going forward. Energy efficiency refers to the efficient use of energy to achieve a desired output while minimizing waste and reducing energy consumption. Vacuum insulation panels, or VIPs, play a significant role in energy efficiency as they are used in buildings and refrigeration to provide high levels of thermal insulation, which can help reduce energy consumption and costs. For instance, in December 2022, the European Union, a Netherlands-based political and economic union of 27 member states, committed to a 32.5% reduction of energy consumption by the year 2030. This translates into a primary energy consumption of no more than 1,273 million tons of oil equivalent (Mtoe) and a final energy consumption of no more than 956 Mtoe in 2030. Therefore, the increasing focus on energy efficiency is driving the growth of the vacuum insulation panel market.
Competitive Landscape -
Major companies operating in the vacuum insulation panel market include Evonik Industries AG, Panasonic Corporation, DOW Corning Corporation, Kevothermal LLC, Microtherm Sentronic GmbH, va-Q-tec AG, OCI Company Ltd., Thermal Visions Inc., LG Hausys Ltd., Porextherm Dämmstoffe GmbH, ThermoCor, Kingspan Group, Johns Manville Corporation, Owens Corning Inc., Saint-Gobain S.A., GAF Materials Corporation, Atlas Roofing Corporation, Huntsman Corporation, Cabot Corporation, BASF SE, DuPont de Nemours Inc., 3M Company, Avery Dennison Corporation, Nitto Denko Corporation, Sekisui Chemical Co. Ltd., Armacell International S.A., Morgan Advanced Materials plc, Unifrax I LLC, Aspen Aerogels Inc., Insulfoam EPS, West Coast Insulation Inc.
Innovation Drives Vacuum Insulation Panel Market, Including Self-Healing Technologies
Innovation is a key trend in the vacuum insulation panel market. Innovation in the product is crucial to remain competitive in the market. Self-healing films are an innovation that is gaining traction. The thermal resistance of vacuum insulation panels (VIPs) is around R40/inch. During shipment and installation, the barrier film, that maintains the panel's vacuum and thermal performance can be readily broken. The Oak Ridge National Laboratory is developing a self-healing barrier coating for VIPs that will instantaneously fix puncture damage. The self-healing barrier coating will prevent vacuum loss, allowing the VIPs to maintain thermal performance.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/vacuum-insulation-panel-global-market-report
Key Segments -
The vacuum insulation panel market covered in this report is segmented -
1) By Type: Flat, Special shape
2) By Raw Material: Silica, Fiberglass, Plastic, Metal, Other Raw Materials
3) By Application: Construction, Cooling and Freezing Devices, Logistics, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
The vacuum insulation panel market size is expected to see steady growth in the next few years. It will grow to $9.74 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to increasing sustainable and green construction practices, growing demand for hvac efficiency, aerospace and automotive growth, urbanization and infrastructure development, increased awareness of climate change. Major trends in the forecast period include advanced manufacturing techniques, customized vip solutions, nanotechnology integration, smart building integration, hybrid insulation systems.
Market Overview -
Vacuum insulation panel refers to thermal insulation that consists of a gas-tight shell enclosing a rigid core that has been evacuated of air. They are manufactured with microporous core encapsulated and vacuum sealed in impermeable high gas barrier film under vacuum. The advantages of vacuum insulation panels are good thermal efficiency, reliable long-term performance, and fit in tight spaces in new buildings.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=6776&type=smp
Growing Emphasis On Energy Efficiency Drives Vacuum Insulation Panel Market
The increasing focus on energy efficiency is expected to propel the growth of the vacuum insulation panel market going forward. Energy efficiency refers to the efficient use of energy to achieve a desired output while minimizing waste and reducing energy consumption. Vacuum insulation panels, or VIPs, play a significant role in energy efficiency as they are used in buildings and refrigeration to provide high levels of thermal insulation, which can help reduce energy consumption and costs. For instance, in December 2022, the European Union, a Netherlands-based political and economic union of 27 member states, committed to a 32.5% reduction of energy consumption by the year 2030. This translates into a primary energy consumption of no more than 1,273 million tons of oil equivalent (Mtoe) and a final energy consumption of no more than 956 Mtoe in 2030. Therefore, the increasing focus on energy efficiency is driving the growth of the vacuum insulation panel market.
Competitive Landscape -
Major companies operating in the vacuum insulation panel market include Evonik Industries AG, Panasonic Corporation, DOW Corning Corporation, Kevothermal LLC, Microtherm Sentronic GmbH, va-Q-tec AG, OCI Company Ltd., Thermal Visions Inc., LG Hausys Ltd., Porextherm Dämmstoffe GmbH, ThermoCor, Kingspan Group, Johns Manville Corporation, Owens Corning Inc., Saint-Gobain S.A., GAF Materials Corporation, Atlas Roofing Corporation, Huntsman Corporation, Cabot Corporation, BASF SE, DuPont de Nemours Inc., 3M Company, Avery Dennison Corporation, Nitto Denko Corporation, Sekisui Chemical Co. Ltd., Armacell International S.A., Morgan Advanced Materials plc, Unifrax I LLC, Aspen Aerogels Inc., Insulfoam EPS, West Coast Insulation Inc.
Innovation Drives Vacuum Insulation Panel Market, Including Self-Healing Technologies
Innovation is a key trend in the vacuum insulation panel market. Innovation in the product is crucial to remain competitive in the market. Self-healing films are an innovation that is gaining traction. The thermal resistance of vacuum insulation panels (VIPs) is around R40/inch. During shipment and installation, the barrier film, that maintains the panel's vacuum and thermal performance can be readily broken. The Oak Ridge National Laboratory is developing a self-healing barrier coating for VIPs that will instantaneously fix puncture damage. The self-healing barrier coating will prevent vacuum loss, allowing the VIPs to maintain thermal performance.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/vacuum-insulation-panel-global-market-report
Key Segments -
The vacuum insulation panel market covered in this report is segmented -
1) By Type: Flat, Special shape
2) By Raw Material: Silica, Fiberglass, Plastic, Metal, Other Raw Materials
3) By Application: Construction, Cooling and Freezing Devices, Logistics, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
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