Vacuum Insulation Panels Market Trends

Growth Drivers

• Green chemistry innovations: The green chemistry trend is expected to fuel the sales of sustainable vacuum insulation panels in the coming years. The increasing public-private investments are likely to drive innovations for the development of bio-based silica or recycled aerogels. EPA’s Green Chemistry Program states that these solutions are aiding in achieving 21% to 26% reductions in production energy intensity. The energy efficiency needs are set to accelerate the production and commercialization of thermal insulation solutions during the projected timeframe.

• Rising demand for energy-efficient buildings: The green buildings are gaining traction in developing markets such as North America and Europe. The European Union’s strict Fit for 55 package mandates building energy retrofits, which directly fuel the adoption of vacuum insulation panels in construction and renovation. Such regulatory policies are expected to promote the use of raw materials, including silica and polymer laminates, in the manufacturing of construction-grade vacuum insulation panels.

Vacuum Insulation Panels Market Analysis: Volume, Growth, and Insights

Vacuum insulation panels are exhibiting increasing adoption in the construction, cold-chain logistics, and home appliances sectors owing to their superior performance. The majority of sales of vacuum insulation panels are expected to be registered in Asia Pacific and North America. Supportive government policies and positive foreign direct investments are anticipated to double the revenues of vacuum insulation panels in the years ahead.

Market Volume and Growth Trends

Competitive Landscape and Strategic Positioning

Emerging Trade Dynamics (2019-2024)

The growing demand for energy-efficient and high-performance materials is driving the adoption of vacuum insulation panels. The COVID-19 outbreak hindered the sales of vacuum insulation panels drastically in 2020. The new normal and evolving market trends are set to accelerate the trade of vacuum insulation panels in the coming years.

Key Exporters and Trade Values (2023)

Trade Route Statistics

Annual Growth of U.S. Specialty Chemical Exports to Europe (2018–2023)

Vacuum Insulation Panel Trade in Japan

The automotive and electronics sectors are set to lead the sales of vacuum insulation panels in Japan. The zero-emission goals and climate commitments are expected to fuel the adoption of sustainable materials such as vacuum insulation panels in the country. Furthermore, the shipment value of specialty chemicals was calculated at USD 43.9 billion in 2023. The high export and import trade of specialty chemicals highlights lucrative earning opportunities for vacuum insulation panel companies.

Total Value of Japan Vacuum Insulation Panel Shipments (2018-2023)

Challenges

• Pricing pressures due to supply chain disruptions: The supply chain disruptions often lead to high prices of the final product, which hinders the overall trade cycle. The fluctuating prices of glass fiber and fumed silica increase the pricing models. The small-scale enterprises are deterred from expanding their operations in the vacuum insulation panels market owing to budget constraints and fluctuations in raw material prices.
• Lack of advanced manufacturing infrastructure: The limited availability of advanced manufacturing infrastructure in the underdeveloped markets is set to hinder the trade of vacuum insulation panels in the coming years. The production of vacuum insulation panels is a complex process and requires high-precision manufacturing and vacuum-sealing facilities. The infrastructure gaps are likely to hamper the revenue growth of vacuum insulation panel manufacturers in the years ahead.