Vacuum Insulation Panels Market Size & Share, by Core Material (Silica, Polyurethane, Glass Wool); Application; End user - Global Supply & Demand Analysis, Growth Forecasts, Statistical Report 2025-2037

  • Report ID: 5289
  • Published Date: Jun 03, 2025
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Vacuum Insulation Panels Market size was valued at USD 9.4 billion in 2024 and is estimated to reach USD 22.9 billion by the end of 2037, expanding at a CAGR of 7.9% during the forecast period from, 2025-2037. In 2025, the industry size of vacuum insulation panels is estimated at USD 9.9 billion.

The increasing implementation of energy efficiency regulations in the commercial construction and refrigeration sectors is set to fuel the sales of vacuum insulation panels in the years ahead.  The favorable energy conservation policies by the governments in many countries are accelerating the adoption of energy-efficient vacuum insulation panels. The Inflation Reduction Act of 2022, which offers positive public funding toward sustainable building infrastructure and energy-efficient appliances, is poised to open lucrative earning opportunities for vacuum insulation panel manufacturers. Furthermore, according to the analysis by the U.S. Bureau of Labor Statistics (BLS), the producer price index for insulation materials grew by 4.9% year-on-year in 2024. This reflected high input costs on manufacturing. During the same period, the consumer price index for home insulation-related products also registered a 4 % growth.


Vacuum Insulation Panels Market Size
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Vacuum Insulation Panels Sector: Growth Drivers and Challenges

Growth Drivers

  • Green chemistry innovations: The green chemistry trend is expected to fuel the sales of sustainable vacuum insulation panels in the coming years. The increasing public-private investments are likely to drive innovations for the development of bio-based silica or recycled aerogels. EPA’s Green Chemistry Program states that these solutions are aiding in achieving 21% to 26% reductions in production energy intensity. The energy efficiency needs are set to accelerate the production and commercialization of thermal insulation solutions during the projected timeframe.
  • Rising demand for energy-efficient buildings: The green buildings are gaining traction in developing markets such as North America and Europe. The European Union’s strict Fit for 55 package mandates building energy retrofits, which directly fuel the adoption of vacuum insulation panels in construction and renovation. Such regulatory policies are expected to promote the use of raw materials, including silica and polymer laminates, in the manufacturing of construction-grade vacuum insulation panels.

Vacuum Insulation Panels Market Analysis: Volume, Growth, and Insights

Vacuum insulation panels are exhibiting increasing adoption in the construction, cold-chain logistics, and home appliances sectors owing to their superior performance. The majority of sales of vacuum insulation panels are expected to be registered in Asia Pacific and North America. Supportive government policies and positive foreign direct investments are anticipated to double the revenues of vacuum insulation panels in the years ahead.

Market Volume and Growth Trends

Region/Country

VIP Shipment Growth Rate (2022)

Projected CAGR (2023–2028)

Notes

Global

4.3%

~6.4%

Based on overall chemical sector trends

United States

5.9%

6.6%

Driven by demand in cold-chain and pharmaceuticals

China

6.5%

7.3%

Largest producer and exporter of VIPs

Germany

4.9%

5.8%

Key player in sustainable building solutions

India

8.6%

7.7%

Rapid industrial growth and building code revisions

Southeast Asia

6.5%

6.4%

Rising adoption in infrastructure and logistics

Competitive Landscape and Strategic Positioning

Exporter/Company

Market Share (2023)

Strategic Initiatives

EU (Collective)

25.5%

Advancements in green construction materials

United States

18.4%

Expansion in pharmaceutical-grade VIP applications

China

30.3%

Large-scale funding in production hubs (e.g., Guangdong)

Japan

10.7%

Focus on electronics and high-end refrigeration systems

South Korea

7.5%

Technological innovations in vacuum sealing techniques

Emerging Trade Dynamics (2019-2024)

The growing demand for energy-efficient and high-performance materials is driving the adoption of vacuum insulation panels. The COVID-19 outbreak hindered the sales of vacuum insulation panels drastically in 2020. The new normal and evolving market trends are set to accelerate the trade of vacuum insulation panels in the coming years.

Key Exporters and Trade Values (2023)

Country/Region

Export Value (USD Billion)

Key Destination(s)

China

0.79

U.S., India, Southeast Asia

Germany

0.45

U.S., France, Netherlands

South Korea

0.29

U.S., Japan, ASEAN

Japan

0.24

China, South Korea, ASEAN

United States

0.19

Canada, Mexico, Germany

Trade Route Statistics

Trade Route

Value (USD Billion)

Share of Global Trade (%)

Asia-Pacific

1.17

55.7%

Europe → North America

0.65

10.6%

Japan → Southeast Asia

0.24

8.9%

China → Global

0.79

37.4%

Annual Growth of U.S. Specialty Chemical Exports to Europe (2018–2023)

Year

Export Value (USD Million)

2018

275.5

2019

288.9

2020

260.6

2021

305.3

2022

333.8

2023

350.5

Vacuum Insulation Panel Trade in Japan

The automotive and electronics sectors are set to lead the sales of vacuum insulation panels in Japan. The zero-emission goals and climate commitments are expected to fuel the adoption of sustainable materials such as vacuum insulation panels in the country. Furthermore, the shipment value of specialty chemicals was calculated at USD 43.9 billion in 2023. The high export and import trade of specialty chemicals highlights lucrative earning opportunities for vacuum insulation panel companies.

Total Value of Japan Vacuum Insulation Panel Shipments (2018-2023)

Year

Shipment Value (USD Million)

2018

158.4

2019

166.7

2020

134.5

2021

172.3

2022

193.5

2023

215.8

Challenges

  • Pricing pressures due to supply chain disruptions: The supply chain disruptions often lead to high prices of the final product, which hinders the overall trade cycle. The fluctuating prices of glass fiber and fumed silica increase the pricing models. The small-scale enterprises are deterred from expanding their operations in the vacuum insulation panels market owing to budget constraints and fluctuations in raw material prices.
  • Lack of advanced manufacturing infrastructure: The limited availability of advanced manufacturing infrastructure in the underdeveloped markets is set to hinder the trade of vacuum insulation panels in the coming years. The production of vacuum insulation panels is a complex process and requires high-precision manufacturing and vacuum-sealing facilities. The infrastructure gaps are likely to hamper the revenue growth of vacuum insulation panel manufacturers in the years ahead.

Base Year

2024

Forecast Year

2025-2037

CAGR

7.9%

Base Year Market Size (2024)

USD 9.4 billion

Forecast Year Market Size (2037)

USD 22.9 billion

Regional Scope

  • North America (U.S. and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC, North Africa, South Africa, Rest of the Middle East and Africa)

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Vacuum Insulation Panels Segmentation:

Core Material (Silica, Polyurethane, Glass Wool, Others)

The silica segment is anticipated to account for 49.1% of the global vacuum insulation panels market share by 2037. The prime factors boosting the sales of silica-based vacuum insulation panels are their superior thermal resistance, stability, and long-term cost benefits. The non-flammability and recyclability properties are attracting governments to invest in silica-based vacuum insulation panels. The study by the U.S. Department of Energy (DOE) reveals that the silica-based insulations reduce building energy usage by 21%-31%. This encourages manufacturers to invest more in advancing their product offerings.

Application (Assembly, Building & Construction, Refrigerators & Freezers, Logistics, Consumer Electronics, Others)

The building and construction segment is poised to hold 40.5% of the global vacuum insulation panels market share throughout the study period. The zero-emission goals and green building trend are expected to increase the use of vacuum insulation panels in the construction sector.  Moreover, the energy efficiency mandates and green certification schemes are necessitating builders to invest in sustainable materials and chemicals, including vacuum insulation panels.

Our in-depth analysis of the vacuum insulation panels market includes the following segments:

 

Core Material

  • Silica
  • Polyurethane
  • Glass Wool
  • Others

Application

  • Assembly
  • Building & Construction
  • Refrigerators & Freezers
  • Logistics
  • Consumer Electronics
  • Others

End user

  • Residential
  • Commercial
  • Industrial

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Vacuum Insulation Panels Industry - Regional Scope

APAC Market Statistics

The Asia Pacific vacuum insulation panels market is projected to capture 33.8% of the global revenue share through 2037, owing to increasing industrial and urban activities. The robust infrastructure development activities are accelerating the demand for vacuum insulation panels. The energy efficacy trend is expected to propel the use of vacuum insulation panels in the construction and energy sectors. China and India are expected to offer lucrative earning opportunities for vacuum insulation panel manufacturers. Leadership in technological innovations is expected to fuel the application of vacuum insulation panels in electronic products in Japan and South Korea.

China is expected to lead the sales of vacuum insulation panels during the assessed period. The aggressive construction activities and manufacturing base are uplifting the position of the country in the global landscape. In 2023, vacuum insulation panel-related government spending exceeded USD 2.5 billion. The supportive government policies and energy efficiency trend are accelerating the use of vacuum insulation panels. The 14th Five-Year Plan is also expected to drive innovations in vacuum insulation panels during the study period.

The India vacuum insulation panels market is foreseen to increase at a CAGR of 9.5% throughout the forecast period. The hike in urbanization is directly fueling the sales of vacuum insulation panels. The increasing number of construction structures and green building trends are likely to encourage the use of vacuum insulation panels in the coming years. The Federation of Indian Chambers of Commerce & Industry (FICCI) states that more than 2.0 million businesses have adopted green chemical manufacturing processes till now due to the subsidies and tax incentives offered by the National Mission on Sustainable Habitat. The green chemistry trends and tax benefits are expected to fuel innovations in vacuum insulation panels.

North America Market Forecast

The North America vacuum insulation panels market is expected to increase at a CAGR of 7.1% from 2025 to 2037. The high demand for energy-efficient and sustainable materials in the construction sector is poised to open lucrative doors for vacuum insulation panel manufacturers. The strict environmental regulations are increasing the popularity of green buildings, which is directly accelerating the adoption of vacuum insulation panels. The expanding clean energy sector is also anticipated to fuel the demand for vacuum insulation panels in the years ahead. Canada and the U.S. are both win-win markets for vacuum insulation panel producers.

The increasing public spending on chemical innovation and environmental sustainability is foreseen to fuel the sales of vacuum insulation panels in the U.S. The government reserves around 12.5% of its budget for the chemical industry initiatives. This directly increases innovations in clean energy components and sustainable materials. The continuous advancements in the electronics sector are likely to propel the revenues of vacuum insulation panel manufacturers in the years ahead.

Sales of vacuum insulation panels in Canada are expected to increase at a healthy pace during the study period. The government’s focus on advancing its green building market is expected to fuel the adoption of vacuum insulation panels. The boosting investments in green chemicals and materials are set to draw the attention of many global vacuum insulation panel producers. The Natural Resources Canada (NRCAN) reveals that between 2020 and 2023, the public spending on clean chemical processes grew by 14.4%. This underscores that supportive government policies are likely to boost the trade of green materials, including vacuum insulation panels, in the coming years.

Vacuum Insulation Panels Market Share
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Companies Dominating the Vacuum Insulation Panels Landscape

    The vacuum insulation panels market is characterized by the presence of leading companies and the increasing emergence of start-ups. The key players are adopting several organic and inorganic marketing strategies to boost their revenue shares. They are focusing on launching advanced solutions to attract a wider consumer base. Industry giants are also forming strategic partnerships with other players to increase their market reach. Furthermore, to earn lucrative gains from untapped opportunities, key players are expanding their operations in the high-potential markets.

    Company Name

    Country of Origin

    Revenue Share 2024

    Owens Corning

    USA

    12.7%

    BASF SE

    Germany

    8.9%

    Cabot Corporation

    USA

    8.1%

    Kingspan Group

    Ireland

    4.5%

    Owens Illinois, Inc.

    USA

    3.6%

    3M Company

    USA

    xx%

    Huntsman Corporation

    USA

    xx%

    Eurofins Scientific

    Luxembourg

    xx%

    Dow Inc.

    USA

    xx%

    Bekaert

    Belgium

    xx%

    SGL Carbon SE

    Germany

    xx%

    ThermoCor Pty Ltd

    Australia

    xx%

    Below are the areas covered for each company in the vacuum insulation panels market:

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis

In the News

  • In June 2024, Owens Corning announced the launch of an advanced VIP product incorporating a novel fire-resistant chemical barrier. This innovation boosted the company’s market share in North America by around 12.4% in the third quarter of 2024.
  • In January 2024, BASF SE revealed that its NanoCore process was deployed in its VIP manufacturing lines in Germany. This process utilized nano-structured silica gels to improve thermal insulation efficiency and reduce raw material usage by 20.4%.

Author Credits:  Shweta Patidar


  • Report ID: 5289
  • Published Date: Jun 03, 2025
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The global vacuum insulation panels market is expected to be valued at USD 9.9 billion by the end of 2025.

Expanding at a CAGR of 7.9%, the global market is expected to increase from USD 9.4 billion in 2024 to USD 22.9 billion by 2037.

Some leading companies are Owens Corning, BASF SE, Cabot Corporation, and Kingspan Group.

The major players in the market include Dow , Evonik Industries AG, va-Q-tec, OCI COMPANY Ltd.,Thermacor Process Inc.,Knauf Insulation,Kingspan Group,Morgan Advanced Materials plc,Panasonic Holdings Corporation, KURABO INDUSTRIES LTD., TOYO ALUMINIUM K.K, Hitachi, Ltd.,ASAHI FIBER GLASS Co., Ltd. And others.

Asia Pacific is expected to hold 33.3% of the global market share through 2037.
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