Insights and Prediction of Vacuum Insulation Panel (VIP) Global Market Report (2019-2026)
The newly Vacuum Insulation Panel (VIP) market report provided a complete view of the present and future market. Deep analysis of enterprise competition pattern, enterprise product advantages and disadvantages, regional industrial layout characteristics. The base year considered for the study is 2018 and the market size is projected from 2019 to 2026.
A vacuum insulated panel (VIP) is a form of thermal insulation consisting of a gas-tight enclosure surrounding a rigid core, from which the air has been evacuated. It is used in building construction to provide better insulation performance than conventional insulation materials.
On the basis of products, the various types include Nanogel Vacuum Insulation Panel, Fumed silica Vacuum Insulation Panel, Precipitated silica Vacuum Insulation Panel, and Others.
On the basis of application, the Vacuum Insulation Panel (VIP) market is segmented into Building Material, Commercial Refrigeration, Home appliance, Domestic refrigerators, and Other applications.
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According to a new research study, the Vacuum Insulation Panel (VIP) market size is expected to reach USD 11,487 million by 2026 from USD 7,215 million in 2019, with a compound annual growth rate of 6.87% during the forecast period.
Construction is the most lucrative end-user industry for the vacuum insulation panel market, owing to its increased demand in the construction industry. This is one of the key factors triggering the growth of the vacuum insulation panel market. Moreover, the growing consumer durables industry is also projected to stimulate this market’s growth. Some of the prominent trends that the market is witnessing include a rise in demand for VIPs in emerging economies, growing adoption of VIPs for automated storage and retrieval and increasing focus on energy-efficient practices. On the flip side, the high cost for non-standard sizes, and heavy weight of the panels are likely to hinder the growth of the studied market.
The market has developed rapidly in the past several years, and the market demand is stable and it will have an enormous space for development in future, especially in developing countries, such as China, India, and Southeast Asian Nations, etc. With the requirements of energy conservation and environmental protection in the world, market demand is predicted to grow rapidly in the future.
Regional Segment Analysis
The report focuses on detailed analysis of major regions like North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia), and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
Asia-Pacific region is the largest sales volume market for Vacuum Insulation Panel (VIP) in 2018, with sales accounting for 32.18% of the world, followed by Europe and North America, accounting for 29.58% and 29.39%, respectively. Vacuum Insulation Panel (VIP) in Asia-Pacific accrued revenue of roughly USD 2,172 million in 2018. With growing investments into the residential and commercial construction in the countries, such as India, China, Philippines, Vietnam, and Indonesia, the Vacuum Insulation Panel (VIP) market in Asia-Pacific region is projected to increase in the coming years.
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In the global scope, the concentration of vacuum insulation panel’s industry is relatively low and its manufacturing bases are scattered all over the world. The key manufacturers are mainly located in Europe, the United States, Japan, South Korea, and China. In China and South Korea, VIP history is relatively short, especially in South Korea, the manufacturers started to produce VIP date from 2009, and in China, most manufacturers also produced VIP products after 2009.
The leading vendors in the market are Va-Q-Tec, Panasonic, LG Hausys, KCC, and ThermoCor. Other prominent vendors in the market are Porextherm, Etex Group (Promat and Marley Eternit, Kingspan Insulation, Kevothermal, Turna, Chongqing Zaisheng Technology Corp., Ltd., Yinxing Electric, Sanyou Dior Insulation Materials, Zhongheng new material technology co., LTD, Fujian SuperTech, Zhongke Baoruite, Langfang Huamei Chemical Building Material Co., Ltd., Zhejiang saelda vacuum New Material Co., Ltd., and others.
Key questions answered in the report
- What will the market size and growth rate be in 2026?
- What segment or region will drive or lead the market growth and what are the reasons?
- How will market drivers, constraints and future opportunities affect market dynamics and subsequent analysis of relevant trends?
- What key strategies are used by top vendors to increase revenue?
Target Audience for this Report
- Vacuum Insulation Panel (VIP) manufacturers
- Vacuum Insulation Panel (VIP) traders, distributors, and suppliers
- Raw material suppliers of Vacuum Insulation Panel (VIP)
- Vacuum Insulation Panel (VIP) industry associations
- Product managers, Vacuum Insulation Panel (VIP) industry administrator, C-level executives of the industries
- Market Research and consulting firms
- Small and Medium-sized Enterprises (SMEs)
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Vacuum Insulation Panel (VIP) Market
2 Market Trends and Competitive Landscape
3 Segmentation of Vacuum Insulation Panel (VIP) Market by Types
4 Segmentation of Vacuum Insulation Panel (VIP) Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Vacuum Insulation Panel (VIP) Market in Major Countries
7 North America Vacuum Insulation Panel (VIP) Landscape Analysis
8 Europe Vacuum Insulation Panel (VIP) Landscape Analysis
9 Asia Pacific Vacuum Insulation Panel (VIP) Landscape Analysis
10 Latin America, Middle East & Africa Vacuum Insulation Panel (VIP) Landscape Analysis
11 Major Players Profile
11.1.1 Va-Q-Tec Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.3 LG Hausys
11.7 Etex Group(Promat and Marley Eternit
11.8 Kingspan Insulation
11.11 Chongqing Zaisheng Technology Corp., Ltd.
11.12 Yinxing Electric
11.13 Sanyou Dior Insulation Materials
11.14 Zhongheng new material technology co., LTD
11.15 Fujian SuperTech
11.16 Zhongke Baoruite
11.17 Langfang Huamei Chemical Building Material Co., Ltd.
11.18 Zhejiang saelda vacuum New Material Co., Ltd.
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