Analysis of vacuum insulation panels market for additional countries

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Vacuum Insulation Panels Market
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"Vacuum Insulation Panels Market by Core
Material Type (Silica, Fiberglass, others), Type
(Flat, Special Shape), Raw material (Silica,
Fiberglass, Plastic, Metal, others), Application
(Construction, Cooling freezing devices,
Logistics, Others) - Forecast to 2021", The
market for vacuum insulation panels is projected
to grow from USD 6.38 Billion in 2016 to USD 8.14
Billion by 2021, at an estimated CAGR of 4.99.
This growth is due to growing construction,
consumer durables, and logistics industries,
further propelling the growth of the vacuum
insulation panels market, globally. Stringent
regulations regarding energy conservation also
provide an opportunity to the market to grow
further, especially in the emerging Asia-Pacific
and Latin American regions.
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• Silica-based vacuum insulation panels to gain
  maximum traction during the forecast period
• Construction sector contributes maximum market
  share
• Asia-Pacific to play a key role in the market for
  vacuum insulation panels

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The vacuum insulation panels market for is
projected to grow from USD 6.38 Billion in 2016
to reach USD 8.14 Billion by 2021, at a CAGR of
4.99. The report aims at estimating the market
size and future growth potential of the vacuum
insulation panels market across different
segments such as core material, type, raw
material, application, and region.
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Investment and expansion was the major strategy
adopted by most players in the market. Companies
such as Evonik Industries AG (Germany), LG Hausys
Ltd. (Korea), Panasonic Corporation (Japan), Dow
Corning Corporation (U.S.), and OCI Company Ltd.
(Korea) were the key players who adopted this
strategy to increase their geographic reach and
product offerings, to increase the customer base,
and to stay ahead of competitors. Companies aim
to serve the market efficiently by investing in
research development activities and introducing
new products to keep up with changing consumer
needs.
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• The vacuum insulation panels market is segmented
  on the basis of core material, type, application,
  raw material, and region. On the basis of core
  material, panels with silica held the largest
  market share. Their long life, spanning over 60
  years, is the reason they are used in building
  constructions.
• The vacuum insulation panels market is segmented
  into construction, cooling freezing devices,
  logistics, and others, based on application. The
  construction segment accounted for the largest
  market share in 2015. This growth is attributed
  to the increasing infrastructure sector
  throughout the world.

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