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A vacuum insulated panel (VIP) is a form of thermal insulation consisting of a nearly gas-tight enclosure surrounding a rigid core, from which the air has been evacuated. Vacuum insulation panel is the thinnest insulation with the most efficient thermal insulation. They have 8 to 10 time’s lower thermal conductivity than other conventional insulation materials such as rigid foam boards, foam beads or fiber blankets.
The main components of a VIP are inner core, barrier envelope and getters and desiccants. The envelope could either consist of thick metal sheets or multilayer barrier of metalized polymeric layers to provide protection against environmental and handling stresses.
The vacuum insulation panel products are mainly used in building, refrigeration storage and home appliance field. The applications have been very mature in the developed countries, such as USA, Japan and European countries. The major applications of VIP products are different, like in European countries, more VIP products are used in building fields, while in China, most of VIP products are used in home appliance fields. In building fields, the VIPs are mainly consumed by the developed countries, like Western countries, USA, Japan etc.; in home appliance fields, the VIPs products are mainly consumed by China, Europe, USA, Japan and Korea etc.
The giants that dominate the VIP market, especially in high-end products, like Va-Q-Tec, Panasonic, LG Hausys, Turna, ThermoCor, Porextherm, Etex Group (Promat and Marley Eternit) and Kingspan Insulation etc. The Chinese manufacturers mainly manufacture the low-end products, short lifetime and low price, like Fujian SuperTech, Weiaipu New Materials, Qingdao Creek, Yinxing Electric etc.
Globally, vacuum insulation panel industry concentration is low and the manufacturing bases scatter around the globe. And the key manufacturers are mainly located in Europe, USA, Japan Korea and China. In China and Korea, the VIP history is relatively short, especially in Korea, the manufacturers started to produce VIP date from 2009, and in China, most manufacturers also produced VIP products after 2009.
The market has developed rapidly in the past several years, and the market demand is stable and it will have an enormous space for development in future, especially in developing countries, such as China, India and Southeast Asian Nations etc. Along with the power-saving and environmental -protection requirements of the world, it expected that the market demand will increase rapidly in the future.
Significant and lasting barriers make entry into this market difficult. These barriers include, but are not limited to: (i) product development costs; (ii) capital requirements; (iii) intellectual property rights; (iv) regulatory requirement; and (v) Transitions’ unfair methods of competition.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
Market Analysis and Insights: Global Vacuum Insulation Panel (VIP) Market
The global Vacuum Insulation Panel (VIP) market size is projected to reach US$ 4326.3 million by 2026, from US$ 1420.2 million in 2020, at a CAGR of 20.4% during 2021-2026.
Global Vacuum Insulation Panel (VIP) Scope and Segment
The global Vacuum Insulation Panel (VIP) market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Vacuum Insulation Panel (VIP) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.
The major regions covered in the report are North America, Europe, Asia-Pacific, South America, Middle East & Africa, etc. The report has specifically covered major countries including U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. It includes revenue and volume analysis of each region and their respective countries for the forecast years. It also contains country-wise volume and revenue from the year 2015 to 2020. Additionally, it provides the reader with accurate data on volume sales according to the consumption for the same years.
Segment by Type, the Vacuum Insulation Panel (VIP) market is segmented into
Fiber Glass
Precipitated Silica
Fumed Silica
Other
Segment by Application, the Vacuum Insulation Panel (VIP) market is segmented into
Home Appliance
Building Material
Transport
Other
Vacuum Insulation Panel (VIP) market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Vacuum Insulation Panel (VIP) business, the date to enter into the Vacuum Insulation Panel (VIP) market, Vacuum Insulation Panel (VIP) product introduction, recent developments, etc.
The major vendors covered:
Panasonic
LG Hausys
Fujian SuperTech
ThermoCor
Va-Q-Tec
Porextherm
Etex Group(Promat and Marley Eternit)
Kingspan Insulation
Kevothermal
Turna
Knauf Insulation
OCI Company
Weiaipu New Materials
Qingdao Creek
Yinxing Electric
Geographic Segmentation
The report offers exhaustive assessment of different region-wise and country-wise Vacuum Insulation Panel (VIP) markets such as U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. Key regions covered in the report are North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
For the period 2015-2026, the report provides country-wise revenue and volume sales analysis and region-wise revenue and volume analysis of the global Vacuum Insulation Panel (VIP) market. For the period 2015-2020, it provides sales (consumption) analysis and forecast of different regional markets by Application as well as by Type in terms of volume.
The main components of a VIP are inner core, barrier envelope and getters and desiccants. The envelope could either consist of thick metal sheets or multilayer barrier of metalized polymeric layers to provide protection against environmental and handling stresses.
The vacuum insulation panel products are mainly used in building, refrigeration storage and home appliance field. The applications have been very mature in the developed countries, such as USA, Japan and European countries. The major applications of VIP products are different, like in European countries, more VIP products are used in building fields, while in China, most of VIP products are used in home appliance fields. In building fields, the VIPs are mainly consumed by the developed countries, like Western countries, USA, Japan etc.; in home appliance fields, the VIPs products are mainly consumed by China, Europe, USA, Japan and Korea etc.
The giants that dominate the VIP market, especially in high-end products, like Va-Q-Tec, Panasonic, LG Hausys, Turna, ThermoCor, Porextherm, Etex Group (Promat and Marley Eternit) and Kingspan Insulation etc. The Chinese manufacturers mainly manufacture the low-end products, short lifetime and low price, like Fujian SuperTech, Weiaipu New Materials, Qingdao Creek, Yinxing Electric etc.
Globally, vacuum insulation panel industry concentration is low and the manufacturing bases scatter around the globe. And the key manufacturers are mainly located in Europe, USA, Japan Korea and China. In China and Korea, the VIP history is relatively short, especially in Korea, the manufacturers started to produce VIP date from 2009, and in China, most manufacturers also produced VIP products after 2009.
The market has developed rapidly in the past several years, and the market demand is stable and it will have an enormous space for development in future, especially in developing countries, such as China, India and Southeast Asian Nations etc. Along with the power-saving and environmental -protection requirements of the world, it expected that the market demand will increase rapidly in the future.
Significant and lasting barriers make entry into this market difficult. These barriers include, but are not limited to: (i) product development costs; (ii) capital requirements; (iii) intellectual property rights; (iv) regulatory requirement; and (v) Transitions’ unfair methods of competition.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
Market Analysis and Insights: Global Vacuum Insulation Panel (VIP) Market
The global Vacuum Insulation Panel (VIP) market size is projected to reach US$ 4326.3 million by 2026, from US$ 1420.2 million in 2020, at a CAGR of 20.4% during 2021-2026.
Global Vacuum Insulation Panel (VIP) Scope and Segment
The global Vacuum Insulation Panel (VIP) market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Vacuum Insulation Panel (VIP) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.
The major regions covered in the report are North America, Europe, Asia-Pacific, South America, Middle East & Africa, etc. The report has specifically covered major countries including U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. It includes revenue and volume analysis of each region and their respective countries for the forecast years. It also contains country-wise volume and revenue from the year 2015 to 2020. Additionally, it provides the reader with accurate data on volume sales according to the consumption for the same years.
Segment by Type, the Vacuum Insulation Panel (VIP) market is segmented into
Fiber Glass
Precipitated Silica
Fumed Silica
Other
Segment by Application, the Vacuum Insulation Panel (VIP) market is segmented into
Home Appliance
Building Material
Transport
Other
Vacuum Insulation Panel (VIP) market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Vacuum Insulation Panel (VIP) business, the date to enter into the Vacuum Insulation Panel (VIP) market, Vacuum Insulation Panel (VIP) product introduction, recent developments, etc.
The major vendors covered:
Panasonic
LG Hausys
Fujian SuperTech
ThermoCor
Va-Q-Tec
Porextherm
Etex Group(Promat and Marley Eternit)
Kingspan Insulation
Kevothermal
Turna
Knauf Insulation
OCI Company
Weiaipu New Materials
Qingdao Creek
Yinxing Electric
Geographic Segmentation
The report offers exhaustive assessment of different region-wise and country-wise Vacuum Insulation Panel (VIP) markets such as U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. Key regions covered in the report are North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
For the period 2015-2026, the report provides country-wise revenue and volume sales analysis and region-wise revenue and volume analysis of the global Vacuum Insulation Panel (VIP) market. For the period 2015-2020, it provides sales (consumption) analysis and forecast of different regional markets by Application as well as by Type in terms of volume.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
