Vacuum Insulation Panel Market Scope
A vacuum insulated panel (VIP) is a type of thermal insulation that consists of a nearly gas-tight inclusion surrounding a rigid core, from which the air has been evacuated. These panels have the thinnest insulation with the most efficient thermal insulation property. It is also seen that according to the International Energy Agency, wider use of these products is likely to reduce CO2 emission. With the tremendous increase of construction in Asia- Pacific region is driving this industry in forecasted years.
The market study is being classified by Type (Precipitated silica Vacuum Insulation Panel, Fumed silica Vacuum Insulation Panel, Nanogel Vacuum Insulation Panel and Glass fiber Vacuum Insulation Panel), by Application (Building Material, Home appliance and refrigeratory and Other application) and major geographies with country level break-up.
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Vacuum Insulation Panel market throughout the predicted period.
Va-Q-Tec AG (Germany), Panasonic Corporation (Japan), LG Hausys Ltd. (South Korea), Evonik Industries AG (Germany), Dow Corning Corporation (United States), OCI Company Ltd. (South Korea), Microtherm (Germany), Kevothermal, LLC. (United States), Porextherm Dämmstoffe GmbH (Germany) and Thermocor (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Kingspan Insulation (Ireland), Knauf Insulation (Europe) and Fujian SuperTech (China).
AdvanceMarketAnalytics has segmented the market of Global Vacuum Insulation Panel market by Type, Application and Region.
On the basis of geography, the market of Vacuum Insulation Panel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In July 2019, Tata Steel launched its Platinum Plus system which is designed to provide assurance to architects, and building owners with the provision of tailored specification, technical support and guaranteed system performance of up to thirty years.
- Rising Adoption of VIPs for Automated Storage and Retrieval Across the World
- The Rise in Demand for these Panels in Building and Construction Industry
- These are Considered as an Essential Component in the Construction Industry Owing to their High Thermal Resistance
- R&D Initiatives to Introduce Automated Panels, with an Aim to Reduce VIPs cost
- Increasing Stringent Regulations Promoting the Energy-Efficient Materials for these Panels
- High Cost for Non-Standard Sizes of this Panel
- Concern Towards its Fragility
- The Heavyweight of the Panels can Become a Challenge in this Industry
- Issues Related Towards Shorter shelf life of this Panel
Key Target AudienceVacuum Insulation Panels Manufacturers, Dealers and Suppliers of Vacuum Insulation Panels., Traders and Distributors of Vacuum Insulation Panels., Regulatory organizations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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