Vacuum Insulation Panel Market Analysis and Outlook Report 2032

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• The 2022 global vacuum insulation panels (VIPs)
  market amounted to USD 8.19 billion, with
  projections indicating an increase to USD 12.71
  billion by 2032. Throughout the forecast period,
  a steady revenue compound annual growth rate
  (CAGR) of 5 is anticipated. Key drivers for this
  market growth include a rising demand for
  energy-efficient structures, heightened public
  consciousness regarding the imperative to reduce
  carbon footprints, and strict governmental
  mandates aimed at curtailing greenhouse gas
  emissions.
• Vacuum insulation panels find application in
  various industries such as refrigeration,
  packaging, and building construction, with the
  primary end-use sector being construction. A
  significant factor propelling the adoption of
  VIPs in building and construction is the
  increasing consumer preference for
  energy-efficient structures, resulting in reduced
  energy consumption and carbon emissions. The
  imperative to employ VIPs in construction is
  further bolstered by a growing awareness of
  environmental concerns and the necessity to
  mitigate greenhouse gas emissions.
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• In addition, a large end-use market for VIPs is
  the refrigeration sector. The requirement for
  improved insulation materials to lower energy
  consumption and enhance functionality of
  refrigeration systems is driving the need for
  VIPs in the refrigeration sector. The vacuum
  insulation panel market revenue growth is a
  result of rising demand for refrigeration systems
  for food storage and transportation.
• Another end-use industry for VIPs is the
  packaging sector. The necessity for superior
  insulating materials to preserve quality and
  freshness of packaged food goods is driving the
  need for VIPs in the packaging sector. VIPs are
  perfect for packaging applications that require
  temperature control since they have great
  insulation qualities.
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• Strategic Developments
• In 2021, Kingspan Group announced the acquisition
  of GTP Group Limited, a UK-based manufacturer of
  vacuum insulation panels. This acquisition aimed
  to expand Kingspan's product offerings in the
  insulation market and increase its global
  footprint.
• In 2020, Panasonic Corporation announced the
  development of a new vacuum insulation panel that
  claims to have the world's highest level of
  insulation performance. The panel is lightweight,
  easy to install, and can be used in a wide range
  of applications, from refrigeration to
  construction.
• In 2020, Dow Corning Corporation announced a
  strategic partnership with Hirsch Porozell GmbH,
  a German manufacturer of insulation materials.
  This partnership aimed to develop and
  commercialize high-performance vacuum insulation
  panels for use in the construction and
  refrigeration industries.
• In 2019, Knauf Insulation announced the launch of
  a new vacuum insulation panel called the
  Kooltherm KVIP. The panel claims to have the
  highest thermal performance on the market and is
  designed for use in a wide range of applications,
  from refrigeration to building insulation.

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• Competitive Landscape
• VIP Technologies
• Etzold Sohn KG
• Vacutherm GmbH
• Panasonic Corporation
• Kingspan Group
• Dow Corning Corporation
• Kevothermal LLC
• Lloyd Insulations (India) Limited
• Guardian Building Products
• Saint-Gobain S.A.
• Porextherm Dämmstoffe GmbH
• Morgan Advanced Materials plc
• Knauf Insulation
• Metawell GmbH
• Market Segmentation

By Core Material Outlook Silica Fiberglass Others
By Application Outlook Construction Cooling Freezing Devices Logistics Transportation Others
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Key Questions Answered in This report on the
Vacuum Insulation Panel Market
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• The report provides detailed information about
  the Vacuum Insulation Panel market on the basis
  of comprehensive research on various factors that
  play a key role in accelerating the growth
  potential of the market. The information
  mentioned in the report answers path-breaking
  questions for companies that are currently
  functioning in the market and are looking for
  innovative ways to create a unique benchmark in
  the Vacuum Insulation Panel market, so as to help
  them formulate successful strategies and take
  target-driven decisions.
• How are key market players successfully earning
  revenue from the advantages of the product?
• What will be the Y-o-Y growth of the Vacuum
  Insulation Panel market between 2023 and 2032?
• What are the winning imperatives of market
  frontrunners in the Vacuum Insulation Panel
  market?
• Which end-user is expected to undertake maximum
  adoption of the product during the forecast
  period?
• Research Methodology Vacuum Insulation Panel
  Market
• The research methodology adopted by analysts to
  compile the Vacuum Insulation Panel market report
  is based on detailed primary as well as secondary
  research. With the help of in-depth insights of
  industry- affiliated information that is obtained
  and legitimated by market-admissible resources,
  analysts have offered riveting observations and
  authentic forecasts of the Vacuum Insulation
  Panel market.
• During the primary research phase, analysts
  interviewed industry stakeholders, investors,
  brand managers, vice presidents, and sales and
  marketing managers. On the basis of data obtained
  through interviews with genuine resources,
  analysts have emphasized the changing scenario of
  the Vacuum Insulation Panel market.
• For secondary research, analysts scrutinized
  numerous annual report publications, white
  papers, import and export data of major countries
  around the world, industrial production index,
  industry association publications, and company
  websites to obtain the necessary understanding of
  the Vacuum Insulation Panel market.
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