What Has Driven the Growth of the Vacuum Insulation Market in Recent Years?
The vacuum insulation market has seen considerable growth due to a variety of factors.
• In recent times, the size of the vacuum insulation market has been recording significant growth. The market size is poised to increase from $10.07 billion in 2024 to $10.89 billion in 2025, at a compound annual growth rate (CAGR) of 8.2%.
The expansion witnessed in the historical duration is largely linked to the surge in green building strategies, the endeavour to cut costs, the need for industrial insulation, the push for lightweighting in the automotive industry, and stricter energy efficiency regulations.
What is the Market Size Forecast for the Vacuum Insulation Market?
The vacuum insulation market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for the vacuum insulation market size to witness robust growth in the forthcoming years. Its size is projected to expand to $15.9 billion by 2029, growing at a compound annual growth rate (CAGR) of 9.9%.
The expansion during the forecast period can be linked to the surge in sustainable construction, escalating demand for hvac efficiency, expansions in aerospace and automotive sectors, urbanisation, and infrastructure developments, as well as the improving awareness about climate change. The main trends for this forecast period encompass the integration of smart buildings, green building certifications, high-performance refrigeration, tailor-made vip solutions, and vacuum insulated glass (vig).
What Are The Core Factors Supporting Growth In The Vacuum Insulation Market?
The surge in the use of vacuum insulation in cooling and freezing applications is predicted to stimulate the vacuum insulation market's expansion. The longevity of the cooling period for food is enhanced by using vacuum insulation in freezing applications. This insulation type is beneficial for the swift and secure refrigerated transportation of pharmaceuticals and medicines. For instance, Coolest Gadgets, a standalone digital magazine from the US, reported in September 2024 that refrigerators were the 72nd most traded product across the globe in 2022, registering a cumulative trade value of USD 62.5 billion, which represented 0.26% of the worldwide trade. The refrigerator trade exhibited a growth of 0.67% from 2021 to 2022. Therefore, the escalation in the usage of vacuum insulation in cooling and freezing applications propels the vacuum insulation market.
What Are The Major Segments Within The Global Vacuum Insulation Market?
The vacuum insulation market covered in this report is segmented –
1) By Type: Flat Panel, Special Shape Panel
2) By Raw Material: Plastics, Metals
3) By Core Material: Silica, Fiberglass, Other Core Materials
4) By End-User Industry: Construction, Cooling and Freezing Devices, Logistics, Other End-User Industries
Subsegments:
1) By Flat Panel: Standard Flat Panels, Custom Flat Panels
2) By Special Shape Panel: Cylindrical Panels, Corner Panels, Specialty Custom Shapes
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Which Trends Are Expected To Transform The Vacuum Insulation Market?
The rise in technological advancements is one of the prominent trends in the vacuum insulation market. Major enterprises in the vacuum insulation sector are innovating with new product lines to solidify their market standing. For instance, in February 2022, NEVEON, a leading foam company from Austria, introduced a new vacuum insulation panel (VIP) production line in Nýrsko, Czech Republic. This state-of-the-art automated facility was designed to accommodate the surging demand for energy-efficient insulation by increasing production capacity. The VIPs from NEVEON are hugely popular in areas such as construction, appliances, and logistics which require high-level thermal insulation. This initiative goes hand-in-hand with NEVEON's broader approach to bolster its global market position by providing advanced insulation technologies that aid in energy conservation and sustainability endeavors.
Who Are the Key Players in the Vacuum Insulation Market?
Major companies operating in the vacuum insulation market include:
• BASF SE
• M&I Materials Limited
• Morgan Advanced Materials
• Evonik Industries AG
• LG Hausys
• Panasonic Corporation
• Dow
• Kevothermal LLC
• ThermoCor
• Va-Q-Tec AG
• Microtherm Sentronic GmbH
• OCI Company Ltd.
• Kingspan Group
• KCC CORPORATION
• Svenska Aerogel AB
• Saffil Ltd.
• Sulzer Metco
• Luxfer Gas Cylinders
• HPQ Silicon Resources Inc.
• Isoleika S.L.
• Saint-Gobain
• TechnoNICOL Corporation
What Is The Most Dominant Region In The Vacuum Insulation Market?
Asia-Pacific was the largest region in the vacuum insulation market share in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the vacuum insulation market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
