PUBLISHER: The Business Research Company | PRODUCT CODE: 1657052
PUBLISHER: The Business Research Company | PRODUCT CODE: 1657052
A vacuum insulation panel is a form of thermal insulation comprising a gas-tight shell enveloping a rigid core emptied of air. These panels are created by encapsulating a microporous core and vacuum-sealing it within an impermeable high gas barrier film. Vacuum insulation panels offer benefits such as excellent thermal efficiency, reliable long-term performance, and suitability for confined spaces in new constructions.
There are two main types of vacuum insulation panels: flat and special shape. Flat vacuum insulation panels are those with a flat shape and find extensive applications in logistics, construction, and the cooling and freezing industry due to their high thermal insulation properties. The materials employed in manufacturing vacuum insulation panels include silica, fiberglass, plastic, metal, and other raw materials. These panels are utilized in various sectors, including construction, cooling and freezing devices, logistics, and other applications.
The vacuum insulation panels market research report is one of a series of new reports from The Business Research Company that provides vacuum insulation panels market statistics, including vacuum insulation panels industry global market size, regional shares, competitors with a vacuum insulation panels market share, detailed vacuum insulation panels market segments, market trends and opportunities, and any further data you may need to thrive in the vacuum insulation panels industry. This vacuum insulation panels market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The vacuum insulation panel market size has grown steadily in recent years. It will grow from $7.92 billion in 2024 to $8.26 billion in 2025 at a compound annual growth rate (CAGR) of 4.3%. 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 strong growth in the next few years. It will grow to $10.33 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. 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.
The growing emphasis on energy efficiency is anticipated to drive the expansion of the vacuum insulation panel market in the coming years. Energy efficiency refers to the effective use of energy to achieve a desired result while minimizing waste and lowering energy consumption. Vacuum insulation panels, or VIPs, are crucial for energy efficiency as they provide high levels of thermal insulation in buildings and refrigeration, which can lead to reduced energy consumption and costs. For example, in July 2024, the U.S. Energy Information Administration, a government agency in the U.S., reported that total energy consumption in the U.S. was approximately 94 quadrillion British thermal units (quads) in 2023, marking a 1.3% decrease from 2022. This overall reduction was mainly driven by a significant 5.5% drop in energy use in the residential sector and a 3.3% decline in the commercial sector. Consequently, the increasing focus on energy efficiency is fueling the growth of the vacuum insulation panel market.
The growth of the construction industry is expected to be a driving force for the vacuum insulation panel market in the forecast period. The surge in construction activity is attributed to rapid urbanization and increased income levels. Vacuum insulation panels find application in construction as they contribute to energy savings in both commercial and residential buildings. According to the Building and Construction Authority (BCA) in Singapore, the demand for total construction in 2022 is expected to range between $27 billion and $32 billion. Thus, the expansion of the construction sector is a key factor fostering the growth of the vacuum insulation panel market.
Innovation emerges as a prominent trend in the vacuum insulation panel market. Ongoing innovation is crucial for maintaining competitiveness, with self-healing films representing a noteworthy advancement gaining traction. The thermal resistance of vacuum insulation panels (VIPs) is approximately R40/inch. To address potential damage during shipment and installation that may compromise the panel's vacuum and thermal performance, the Oak Ridge National Laboratory is developing a self-healing barrier coating for VIPs. This coating is designed to instantly repair puncture damage, preventing vacuum loss and ensuring the sustained thermal performance of VIPs.
Major companies in the vacuum insulation panel market are strategically focusing on introducing sustainable VIP solutions to drive market revenues. Sustainable vacuum insulation panel solutions involve the application of VIPs in building construction and other areas to enhance energy efficiency while minimizing environmental impact. For instance, NEVEON, an Austria-based provider of polyurethane soft and composite foams, introduced a new sustainable VIP in February 2022. This innovative VIP aims to improve thermal insulation effectiveness and significantly enhance NEVEON's global CO2 footprint. The new VIP is set to be produced in Nyrsko, Czech Republic, on a completely automated line with an annual output capacity of 150,000 VIPs, primarily targeting the heating industry.
In January 2022, Kingspan Group, an Ireland-based building materials company specializing in high-performance insulation and building envelope solutions, acquired Thermal Visions for an undisclosed amount. This strategic acquisition will support Kingspan's expanding vacuum insulation panel business in North America, particularly in the re-roofing sector. Thermal Visions, known for its durable fiberglass vacuum insulation panel solution, will contribute to Kingspan's growth in the United States and Europe, particularly in the packaging segment.
Major companies operating in the vacuum insulation panel market include Evonik Industries AG, Panasonic Corporation, Kevothermal LLC, Microtherm Sentronic GmbH, va-Q-tec AG, OCI Company Ltd., Thermal Visions Inc., LG Hausys Ltd., Porextherm Dammstoffe GmbH, ThermoCor, Kingspan Group, Johns Manville Corporation, Owens Corning Inc., Saint-Gobain S.A., BASF SE, DuPont de Nemours Inc., 3M Company, Nitto Denko Corporation, Sekisui Chemical Co. Ltd., Armacell International S.A., Morgan Advanced Materials plc, Unifrax I LLC, Aspen Aerogels Inc.
Asia-Pacific was the largest region in the vacuum insulation panel market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in global vacuum insulation panels market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the vacuum insulation panel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The vacuum insulation panel market consists of sales of fumed silica, aerogel and silica panels. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Vacuum Insulation Panel Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on vacuum insulation panel market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for vacuum insulation panel ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The vacuum insulation panel market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.