Vacuum Insulation Panels Market Size & Share, by Core Material (Silica, fiberglass); Product (Flat, Special Shape Panel); Application (Construction, Consumer Appliances, Logistics) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5289
  • Published Date: Oct 05, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024 - 2036

Vacuum Insulation Panels Market size is anticipated to cross USD 164.2 Billion by the end of 2036, growing at a CAGR of 6.2% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of vacuum insulation panels was over USD 79.8 Billion. With a growing focus on sustainability and energy efficiency, industries and consumers are seeking ways to reduce energy consumption in buildings, appliances, and transportation. Vacuum Insulation Panels provide significantly higher insulation performance compared to traditional insulation materials, enabling reduced energy consumption for heating, cooling, and refrigeration.

Green building certifications and initiatives, such as LEED (Leadership in Energy and Environmental Design), encourage the use of innovative and sustainable construction materials. VIPs align with these initiatives due to their energy-saving potential and low environmental impact.

Vacuum Insulation Panels Market Overview
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Vacuum Insulations Panels Market: Growth Drivers and Challenges

Growth Drivers

  • Rising Construction Activities - Rapid urbanization, population growth, and infrastructure development are driving construction activities worldwide accounting for 13% of the global GDP as of 2020. Vacuum Insulation Panels are used in construction for applications such as insulated panels, roofing, flooring, and HVAC systems. As construction continues to rise, the demand for high-performance insulation materials like VIPs is likely to grow.
  • Increasing demand for HVAC Appliances - VIPs are utilized in HVAC  control systems for improving energy efficiency and reducing heat loss or gain in ducts, pipes, and equipment.As per a survey conducted HVAC systems account for roughly 40% of the total energy used in commercial buildings and 17% in residential complexes. The demand for energy-efficient HVAC solutions is driving the adoption of Vacuum Insulation Panels in this sector
  • Growing Technological Advancements – Ongoing research and Development efforts are focused on enhancing vacuum insulation panels manufacturing processes, reducing costs, and improving their overall performance. As these technologies mature and become more accessible, the adoption of VIPs is likely to increase.


  • High Initial Cost – Vacuum Insulation Panels are often more expensive to manufacture and purchase compared to traditional insulation materials. The initial cost can be a barrier to adoption, particularly for price–sensitive markets and applications. 
  • Installation complexity
  • Susceptible to Physical Damage

Vacuum Insulation Panels Market: Key Insights

Base Year


Forecast Year



~ 6.2%

Base Year Market Size (2023)

~ USD 79.8 Billion

Forecast Year Market Size (2036)

~ USD 164.2 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • 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, fiberglass)

The silica segment in the vacuum insulation panels market is expected to record significant growth during the forecast period, owing to its stable insulating properties compared to other materials. Silica-based products are expected to be in the top spot. Silica-based boards are widely used in the construction industry with an estimated value of USD 1.36 trillion and a yearly turnover rate of 68% in 2020 enhancing prospects for the vacuum insulation panels market.

Product (Flat, Special Shape Panel)

The flat segment is anticipated to dominate the vacuum insulation panels market throughout the forecast period, due to the simpler manufacturing methods for flat panels compared to specialty-shaped panels, Refrigerators, freezers, logistics, and the building industry all employ flat vacuum insulation panels because of their excellent thermal insulation capabilities.

Application (Construction, Consumer Appliances, Logistics)

Vacuum insulation panels market from the construction segment is expected to hold around 52% of the revenue share by 2036, pertaining to increasing demands for energy-efficient infrastructure. Vacuum insulation panels have good thermal insulation properties and thermal conductivity and are excellent construction materials. By 2020, the construction market will be worth USD 6.4 trillion, providing opportunities for the segment.

Our in-depth analysis of the global market includes the following segments:

          Core Material

  • Silica
  • fiberglass


  • Flat
  • Special Shape Panel


  • Construction
  •  Consumer Appliances
  •  Logistics

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Vacuum Insulation Panels Industry - Regional Synopsis

APAC Market Forecast

Asia Pacific vacuum insulation panels market is slated to surpass USD 4.1 billion by 2024, making it one of the region's most profitable markets accounting for 40%. The burgeoning infrastructure market in China with an infrastructure budget of USD 1.018 Trillion as of 2024, will be responsible for the expansion in this area. Due to the region's fast urbanization and rising government investments in infrastructure projects, the construction industry is also anticipated to expand in the next few years.

North American Market Statistics

The vacuum insulation panels market in North America is anticipated to grow at a significant pace, having the fastest growth rate owing to the booming construction industry. The U.S. economy heavily depends on the construction sector. More than 7.8 million people work for more than 753,000 firms in this sector, which also produces approximately USD 1.8 trillion worth of structures annually. One of the vacuum insulation panel industry's biggest markets is construction.

Research Nester
Vacuum Insulation Panels Market Region
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Companies Dominating the Vacuum Insulation Panels Landscape

    • Microtherm Sentronic GmbH
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Dow 
    •  Evonik Industries AG
    • va-Q-tec
    • OCI COMPANY Ltd.
    • Thermacor Process Inc.
    • Knauf Insulation
    • Kingspan Group
    • Morgan Advanced Materials plc

In the News

  • November,2022-All vacuum-insulated panels by va-Q-tec offer energy-efficient insulation and are certified in accordance with ISO standard 14021. In Germany, the panels are made in a climate-neutral manner. The ecological footprint of the VIPs is already reduced during production because to renewable energy sources like photovoltaic systems, combined heat and power plants, and regional supplier networks.
  • February , 2022-The manufacturing ramp-up and market launch of a new vacuum insulation panel (VIP), which will be produced at a brand-new, fully automated line in Nrsko (the Czech Republic), will take place in February as part of the expansion of NEVEON's Specialties business unit.   

Author Credits:  Shweta Patidar

  • Report ID: 5289
  • Published Date: Oct 05, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising construction activities, HVAC appliances, technological advancements are some of the major driving factors

The market size of Vacuum Insulation Panels is anticipated to attain a CAGR of 6.2% during the forecast period, i.e., 2024 – 2036.

The major players in the market are 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

The Construction segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Vacuum Insulation Panels Market Report Scope

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