Vacuum Insulation Panels Market Analysis

Core Material (Silica, fiberglass)

The silica segment in the vacuum insulation panels market is expected to record significant growth during the forecast period, owing to its stable insulating properties compared to other materials. Silica-based products are expected to be in the top spot. Silica-based boards are widely used in the construction industry with an estimated value of USD 1.36 trillion and a yearly turnover rate of 68% in 2020 enhancing prospects for the vacuum insulation panels market.

Product (Flat, Special Shape Panel)

The flat segment is anticipated to dominate the vacuum insulation panels market throughout the forecast period, due to the simpler manufacturing methods for flat panels compared to specialty-shaped panels, Refrigerators, freezers, logistics, and the building industry all employ flat vacuum insulation panels because of their excellent thermal insulation capabilities.

Application (Construction, Consumer Appliances, Logistics)

Vacuum insulation panels market from the construction segment is expected to hold around 52% of the revenue share by 2037, pertaining to increasing demands for energy-efficient infrastructure. Vacuum insulation panels have good thermal insulation properties and thermal conductivity and are excellent construction materials. By 2020, the construction market will be worth USD 6.4 trillion, providing opportunities for the segment.

Our in-depth analysis of the global market includes the following segments: