The major driving factor for the vacuum insulation panel market is the growing high demand for VIPs in the construction sector for thermal insulation. Another important driver for this market is the strict regulations issued by International Energy Agency to conserve energy, which has propelled the demand for such panels. These panels help in reducing greenhouse gas emissions, such as, carbon dioxide from the atmosphere, thus, preventing environmental pollution to a large extent. Based on the application type, the construction sector segment holds the largest market share, due to regulation focusing on energy conservation and growing demand for energy efficient infrastructure. Based on the core material, silica-based VIPs dominated the market in 2016. These panels last for more than 60 years, which makes them ideal for construction applications. Fiberglass-based vacuum insulation panels last for 8 to 10 years and are generally used in cooling & freezing devices. Based on the structure type, flat glass emerged as the leading segment due to its simple manufacturing method.
The major challenges for the VIP market are the high cost of VIPs for non-standard sizes because of the extra cost of customization and heavier weight of VIPs than other conventional insulation materials.
Areas with Scope for Vacuum Insulation Panel Market
Geographically, Asia-Pacific holds the largest market share, in terms of the consumption of vacuum insulation panel, followed by North America. The growing economy and infrastructure sector in Asia-Pacific have significantly impacted the growth of vacuum insulation panels market. The high demand in North America is due to the application of VIPs in the
Notable Developments in the Market
- In June 2017, Va-Q-tec established a subsidiary in Japan to strengthen its activities in Asia, with a focus on logistics and the insulation market.
- Know about: the latest regulations & policies of vacuum insulation panel market.
- Analyzing various market perspectives with the help of Porter’s five forces analysis.
- Which segment of vacuum insulation panel, based on application, core material and structure type, is expected to dominate the market?
- Which of the regions will witness the fastest growth during the forecast period?
- Identify the latest developments, market shares, and strategies employed by the major market players, such as:
LG Hausys Ltd
OCI Company Ltd
1.1 Scope of the Report
1.2 Research Methodology
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Force Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products & Services
3.2.5 Degree of Competition
3.3 Technological Snapshot
3.3.1 Production Process
3.3.2 Technology Licensing and Patent Analysis
3.4 Regulatory Policy Analysis
4. Market Dynamics
4.1.1 Demand for Use in Construction Sector
4.1.2 Strict Regulations by International Energy Agency to Conserve Energy
4.2.1 High Cost of VIPs for Non-standard Sizes
4.2.2 Heavy Weight of Vacuum Insulation Panels
4.3.1 R&D Initiatives to Introduce Automated Panels, Which Results in Cost Reduction of VIPs
5. Market Segmentation and Analysis
5.1 By Application
5.1.2 Cooling & Freezing Devices
5.2 By Core Material
5.3 By Structure Type
5.3.2 Special Shape
6. Regional Market Analysis - (Market size, Growth, and Forecast)
6.1.4 South Korea
6.1.6 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.7 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis
8.3 Strategies Adopted by Leading Players
9. Company Profiles
9.1 Chuzhou Yinxing Electric Co. Ltd.
9.2 Dow Corning Corporation
9.3 Evonik Industries
9.4 Fujian SuperTech Advanced Material Co. Ltd.
9.5 KCC Corporation
9.7 Kingspan Insulation Ltd.
9.8 Knauf Insulation
9.9 LG Hausys Ltd.
9.11 OCI Company Ltd.
9.12 Panasonic Corporation
9.13 Porextherm Dämmstoffe GmbH
9.14 Suzhou Weiaipu New Materials Co. Ltd.
9.17 Va-Q-Tec AG
(* List is not exhaustive)