Vacuum Insulation Panels Industry - Regional Scope
APAC Market Statistics
The Asia Pacific vacuum insulation panels market is projected to capture 33.8% of the global revenue share through 2037, owing to increasing industrial and urban activities. The robust infrastructure development activities are accelerating the demand for vacuum insulation panels. The energy efficacy trend is expected to propel the use of vacuum insulation panels in the construction and energy sectors. China and India are expected to offer lucrative earning opportunities for vacuum insulation panel manufacturers. Leadership in technological innovations is expected to fuel the application of vacuum insulation panels in electronic products in Japan and South Korea.
China is expected to lead the sales of vacuum insulation panels during the assessed period. The aggressive construction activities and manufacturing base are uplifting the position of the country in the global landscape. In 2023, vacuum insulation panel-related government spending exceeded USD 2.5 billion. The supportive government policies and energy efficiency trend are accelerating the use of vacuum insulation panels. The 14th Five-Year Plan is also expected to drive innovations in vacuum insulation panels during the study period.
The India vacuum insulation panels market is foreseen to increase at a CAGR of 9.5% throughout the forecast period. The hike in urbanization is directly fueling the sales of vacuum insulation panels. The increasing number of construction structures and green building trends are likely to encourage the use of vacuum insulation panels in the coming years. The Federation of Indian Chambers of Commerce & Industry (FICCI) states that more than 2.0 million businesses have adopted green chemical manufacturing processes till now due to the subsidies and tax incentives offered by the National Mission on Sustainable Habitat. The green chemistry trends and tax benefits are expected to fuel innovations in vacuum insulation panels.
North America Market Forecast
The North America vacuum insulation panels market is expected to increase at a CAGR of 7.1% from 2025 to 2037. The high demand for energy-efficient and sustainable materials in the construction sector is poised to open lucrative doors for vacuum insulation panel manufacturers. The strict environmental regulations are increasing the popularity of green buildings, which is directly accelerating the adoption of vacuum insulation panels. The expanding clean energy sector is also anticipated to fuel the demand for vacuum insulation panels in the years ahead. Canada and the U.S. are both win-win markets for vacuum insulation panel producers.
The increasing public spending on chemical innovation and environmental sustainability is foreseen to fuel the sales of vacuum insulation panels in the U.S. The government reserves around 12.5% of its budget for the chemical industry initiatives. This directly increases innovations in clean energy components and sustainable materials. The continuous advancements in the electronics sector are likely to propel the revenues of vacuum insulation panel manufacturers in the years ahead.
Sales of vacuum insulation panels in Canada are expected to increase at a healthy pace during the study period. The government’s focus on advancing its green building market is expected to fuel the adoption of vacuum insulation panels. The boosting investments in green chemicals and materials are set to draw the attention of many global vacuum insulation panel producers. The Natural Resources Canada (NRCAN) reveals that between 2020 and 2023, the public spending on clean chemical processes grew by 14.4%. This underscores that supportive government policies are likely to boost the trade of green materials, including vacuum insulation panels, in the coming years.
