The global vacuum insulation panel market size is expected to
reach USD 9.07 billion by 2024, expanding at a CAGR of 4.5%, according to
a new report by Grand View Research, Inc. Growing construction spending is
expected to assist the growth for vacuum insulation panel over the forecast
period. These are preferred more, owing to their thermal resistance properties
compared to conventional insulation materials.
Moreover, the International Energy Agency
issued strict regulations to conserve energy which has further propelled the
demand for such panels. These panels help in reducing greenhouse gas emissions
such as carbon dioxide from the atmosphere, thus helping to prevent polluting
the environment to a large extent. Such a trend is anticipated to benefit the
overall market over the next eight years.
However, vacuum insulation panels exhibit a
heavier weight than conventional insulation materials which is expected to
remain a key challenge for market participants. Factors such as, durability,
shape and fragility are also anticipated to determine the demand for vacuum
insulation panels in future.
Several R&D initiatives are being taken to
introduce automated panels, which shall result in cost reduction of vacuum
insulation panels over the forecast period. Recently, EVAL EVOH resins are
added to provide an outer lamination coating for vacuum insulation panels to
increase their shelf life.
For full research report on Vacuum
Insulation Panel Market visit here: https://www.grandviewresearch.com/industry-analysis/vacuum-insulation-panel-market
Further key
findings from the report suggest:
- The global Vacuum Insulation Panel Market
demand was 31.4 million square meters in 2015 and is expected to reach
45.7 million square meters by 2024, growing at a CAGR of 3.8% from 2016 to
2024
- Silica-based panels dominated the global
market in 2015 and are expected to grow at a CAGR of 4.2% over the next
eight years. Silica-based panels are widely used in the construction
industry due to its thermal resistant properties.
- Flat glass emerged as the leading product
segment and accounted for 55.4% of total market volume in 2015. Easy
manufacturing method without any production hassles is an important factor
that determines its growth over the forecast period.
- Construction was the most dominant application
with demand share exceeding 55% in 2015. The shift towards energy
conservation coupled with increasing construction spending in Asia Pacific
is expected to drive this segment.
- Asia Pacific was the leading regional market
and accounted for 42.6% of global demand in 2015. Growing urbanization
coupled with increasing trend of infrastructural development due to rising
population particularly in China and India is expected to steer the
regional growth over the forecast period.
- Major industry participants include Evonik
Industries, Hausys Ltd, Panasonic Corporation, ThermoCor, OCI company Ltd.
and Porextherm Dämmstoffe GmbH.
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here : https://www.grandviewresearch.com/industry-analysis/vacuum-insulation-panel-market/request/rs1
Grand
View Research has segmented the global Vacuum Insulation Panel Market on the
basis of core material, product, raw material, application, and region:
Vacuum
Insulation Panels Core Material Outlook (Volume, Million Meter Squares;
Revenue, USD Million, 2014 - 2024)
- Silica
- Fiberglass
- Others
Vacuum
Insulation Panels Product Outlook (Volume, Million Meter Squares; Revenue, USD
Million, 2014 - 2024)
- Flat
- Special Shape
Vacuum
Insulation Panels Application Outlook (Volume, Million Meter Squares; Revenue,
USD Million, 2014 - 2024)
- Construction
- Cooling &
Freezing devices
- Logistics
- Others
Vacuum
Insulation Panels Raw Material Outlook (Volume, Million Meter Squares; Revenue,
USD Million, 2014 - 2024)
- Plastics
- Metals
Vacuum
Insulation Panels Regional Outlook (Volume, Million Meter Squares; Revenue, USD
Million, 2014 - 2024)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Russia
- Asia Pacific
- China
- India
- Japan
- Central & South
America
- Middle East &
Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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