Global Vacuum Insulation Panels Market Size By Core Material, By Application, By Geographic Scope And Forecast
Vacuum Insulation Panels Market Size And Forecast
Vacuum Insulation Panels Market was valued at USD 6.76 Billion in 2019 and is projected to reach USD 9.52 Billion by 2027, growing at a CAGR of 5.02% from 2020 to 2027.
Global Vacuum Insulation Panels Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Thermal insulation is widely used to reduce energy consumption in buildings and a wide range of thermal insulation materials are available in the market. However, vacuum insulation panels (VIPs) gained recognition in the market owing to its low thermal conductivity. Also, VIPs are 10-20 times effective than traditional insulation products, therefore raising its demand in the market. The growing urbanization has spurred the construction of residential and commercial buildings which has in turn surged the demand for an effective insulation solution such as - vacuum insulation panels. Furthermore, VIPs are significantly employed in home appliances including in refrigerators and freezers to save energy and create space, therefore boosting the market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Vacuum Insulation Panels Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Vacuum Insulation Panels Market Competitive Landscape
The Global Vacuum Insulation Panels Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Panasonic Corporation, Dow, Evonik Industries, Va-Q-Tec AG, OCI Company Ltd, Kevothermal, LLC, Thermal Visions, LG Hausys Ltd.
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