Vacuum Insulation Panels Market
Vacuum Insulation Panels Market Forecasts to 2032 - Global Analysis By Core Material (Fiber-based, Fumed Silica, Open-Cell Foam and Other Core Materials), Barrier Film Material (Plastics, Metals and Other Barrier Film Materials), Panel Shape, Application and By Geography
|
Years Covered |
2024-2032 |
|
Estimated Year Value (2025) |
US $9.1 BN |
|
Projected Year Value (2032) |
US $13.5 BN |
|
CAGR (2025-2032) |
5.7% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Vacuum Insulation Panels Market is accounted for $9.1 billion in 2025 and is expected to reach $13.5 billion by 2032 growing at a CAGR of 5.7% during the forecast period. Vacuum insulation panels (VIPs) are high-performance thermal insulators made by enclosing a rigid core material within a gas-tight envelope, from which air is evacuated to create a vacuum. This vacuum significantly reduces heat transfer, offering superior insulation compared to conventional materials. VIPs are widely used in applications where space efficiency and thermal performance are critical, such as refrigeration, construction, and cold chain logistics.
According to data from the U.S. Department of Energy, integrating vacuum-insulation panels (VIPs) in retrofit wall panels can slash energy use intensity by as much as 67.4%, while achieving the same R?value (R?44 to R?47) with a panel that’s 66% thinner (4? vs. 12?) compared to conventional insulation.
Market Dynamics:
Driver:
Rapid growth in construction and HVAC demand
The vacuum insulation panels market is strongly propelled by the rapid expansion of the construction sector and rising demand for HVAC systems. As urbanization accelerates and energy efficiency becomes a top priority, builders and developers increasingly adopt vacuum insulation panels for their superior thermal performance. Furthermore, stringent building codes and regulations worldwide mandate higher energy efficiency standards, fostering the adoption of these advanced insulation solutions in both residential and commercial projects, thereby driving robust market growth.
Restraint:
Volatile raw material pricing
The production of these panels relies on materials such as metals, plastics, and core substances like silica and fiberglass, whose prices are subject to fluctuations due to supply chain disruptions, geopolitical tensions, and changes in global demand. Additionally, these cost variances can lead to increased manufacturing expenses, making it challenging for manufacturers to maintain competitive pricing and potentially hindering market expansion.
Opportunity:
Market expansion in new sectors
Market expansion in new sectors presents a substantial opportunity for the vacuum insulation panels market. Beyond traditional applications in construction and refrigeration, there is growing potential in areas such as cold chain logistics, pharmaceuticals, and high-performance consumer appliances. Moreover, the push for sustainability and advancements in panel technology enable entry into automotive, aerospace, and modular construction, where lightweight and high-efficiency insulation is increasingly valued, opening new revenue streams for manufacturers.
Threat:
Intense competition
The presence of established global players, coupled with the entry of new manufacturers, intensifies price competition and pressures margins. Furthermore, ongoing technological advancements and the development of alternative insulation materials require companies to continuously innovate and differentiate their offerings, making it challenging to retain market share and sustain profitability in a highly competitive landscape.
Covid-19 Impact:
The COVID-19 pandemic had a multifaceted impact on the vacuum insulation panels market. Global supply chain disruptions and factory closures led to delays and shortages in production and distribution. Construction activity, a major driver for these panels, slowed considerably as projects were postponed or halted. However, demand for vacuum insulation panels in cold chain logistics surged, particularly for pharmaceutical and vaccine transportation, partially offsetting declines in other sectors. The market’s recovery is closely tied to the resumption of construction and increased focus on energy efficiency post-pandemic.
The flat panel segment is expected to be the largest during the forecast period
The flat panel segment is expected to account for the largest market share during the forecast period, attributed to the segment’s compact size, high thermal resistance, and ease of integration into various applications, including building construction, refrigeration, and transportation. Additionally, flat panels offer superior insulation performance in limited spaces, making them highly desirable for energy-efficient buildings and appliances. Their versatility and widespread applicability ensure continued demand and market leadership.
The metals segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the metals segment is predicted to witness the highest growth rate. Metal-based vacuum insulation panels are increasingly favored for their durability, structural strength, and exceptional insulation properties, particularly in demanding environments such as refrigerated containers, vans, and warehouses. Furthermore, the expansion of the construction industry, especially in emerging economies, and the need for robust insulation solutions in logistics and cold storage are driving the rapid adoption and growth of the metals segment.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share, driven by rapid urbanization, industrialization, and substantial investments in infrastructure and construction across countries like China, India, and Japan. Additionally, the growing demand for energy-efficient buildings, increased adoption of refrigeration systems in the food and beverage industry, and supportive government policies promoting green construction further bolster the region’s dominance.
Region with highest CAGR:
Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR. The region’s impressive growth is fueled by rising energy efficiency regulations, expanding automotive and refrigeration industries, and the ongoing adoption of advanced insulation solutions. Moreover, the increasing focus on sustainability, coupled with significant investments in smart cities and infrastructure development, positions Asia Pacific as the fastest-growing market for vacuum insulation panels globally.
Key players in the market
Some of the key players in Vacuum Insulation Panels Market include Evonik Industries AG, LG Hausys Ltd., Panasonic Corporation, Dow Inc., OCI Company Ltd., Kevothermal, LLC, Porextherm Dämmstoffe GmbH, ThermoCor Insulation Systems, Va-Q-Tec AG, Microtherm Sentronic GmbH, Kingspan Group plc, Knauf Insulation GmbH, Saint-Gobain, Etex Group, Morgan Advanced Materials PLC, Fujian SuperTech Advanced Material Co., Ltd., Thermal Visions, and Vacutherm Ltd.
Key Developments:
In February 2025, Panasonic has successfully developed the Vacua series, described as the fifth generation of vacuum insulation panels after years of research and development. The latest generation insulation panel features advanced energy-saving capabilities, environmental protection, high efficiency, and low thermal conductivity with heat insulation that is 20 times better than polyurethane foam.
In January 2025, Evonik launched “Smart Effects”, a new business line combining its silica and silanes divisions. VIPs are listed as one of the highlighted applications under this streamlined portfolio, reflecting renewed focus and investment in VIP-related innovation.
Core Materials Covered:
• Fiber-based
• Fumed Silica
• Open-Cell Foam
• Other Core Materials
Barrier Film Materials:
• Plastics
• Metals
• Other Barrier Film Materials
Panel Shapes Covered:
• Flat Panel
• Special Shape Panel
Applications Covered:
• Construction
• Refrigeration & Appliances
• Logistics & Cold Chain Packaging
• Automotive
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Vacuum Insulation Panels Market, By Core Material
5.1 Introduction
5.2 Fiber-based
5.2.1 Ceramic Fiber
5.2.2 Glass Fiber
5.3 Fumed Silica
5.3.1 Micro-porous Silica
5.3.2 Nano-porous Silica
5.4 Open-Cell Foam
5.4.1 Phenolic Foam
5.4.2 Polyurethane Foam
5.5 Other Core Materials
6 Global Vacuum Insulation Panels Market, By Barrier Film Material
6.1 Introduction
6.2 Plastics
6.3 Metals
6.4 Other Barrier Film Materials
7 Global Vacuum Insulation Panels Market, By Panel Shape
7.1 Introduction
7.2 Flat Panel
7.3 Special Shape Panel
7.3.1 Bag
7.3.2 Box
8 Global Vacuum Insulation Panels Market, By Application
8.1 Introduction
8.2 Construction
8.2.1 Commercial Buildings
8.2.2 Industrial Buildings
8.2.3 Residential Buildings
8.3 Refrigeration & Appliances
8.3.1 Commercial Refrigeration
8.3.2 Household Appliances
8.4 Logistics & Cold Chain Packaging
8.4.1 Electronic Goods Packaging
8.4.2 Food & Beverage Packaging
8.4.3 Pharmaceutical Packaging
8.5 Automotive
8.5.1 Battery Thermal Management
8.5.2 Cabin Insulation
8.6 Other Applications
9 Global Vacuum Insulation Panels Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Evonik Industries AG
11.2 LG Hausys Ltd.
11.3 Panasonic Corporation
11.4 Dow Inc.
11.5 OCI Company Ltd.
11.6 Kevothermal, LLC
11.7 Porextherm Dämmstoffe GmbH
11.8 ThermoCor Insulation Systems
11.9 Va-Q-Tec AG
11.10 Microtherm Sentronic GmbH
11.11 Kingspan Group plc
11.12 Knauf Insulation GmbH
11.13 Saint-Gobain
11.14 Etex Group
11.15 Morgan Advanced Materials PLC
11.16 Fujian SuperTech Advanced Material Co., Ltd.
11.17 Thermal Visions
11.18 Vacutherm Ltd.
List of Tables
1 Global Vacuum Insulation Panels Market Outlook, By Region (2024-2032) ($MN)
2 Global Vacuum Insulation Panels Market Outlook, By Core Material (2024-2032) ($MN)
3 Global Vacuum Insulation Panels Market Outlook, By Fiber-based (2024-2032) ($MN)
4 Global Vacuum Insulation Panels Market Outlook, By Ceramic Fiber (2024-2032) ($MN)
5 Global Vacuum Insulation Panels Market Outlook, By Glass Fiber (2024-2032) ($MN)
6 Global Vacuum Insulation Panels Market Outlook, By Fumed Silica (2024-2032) ($MN)
7 Global Vacuum Insulation Panels Market Outlook, By Micro-porous Silica (2024-2032) ($MN)
8 Global Vacuum Insulation Panels Market Outlook, By Nano-porous Silica (2024-2032) ($MN)
9 Global Vacuum Insulation Panels Market Outlook, By Open-Cell Foam (2024-2032) ($MN)
10 Global Vacuum Insulation Panels Market Outlook, By Phenolic Foam (2024-2032) ($MN)
11 Global Vacuum Insulation Panels Market Outlook, By Polyurethane Foam (2024-2032) ($MN)
12 Global Vacuum Insulation Panels Market Outlook, By Other Core Materials (2024-2032) ($MN)
13 Global Vacuum Insulation Panels Market Outlook, By Barrier Film Material (2024-2032) ($MN)
14 Global Vacuum Insulation Panels Market Outlook, By Plastics (2024-2032) ($MN)
15 Global Vacuum Insulation Panels Market Outlook, By Metals (2024-2032) ($MN)
16 Global Vacuum Insulation Panels Market Outlook, By Other Barrier Film Materials (2024-2032) ($MN)
17 Global Vacuum Insulation Panels Market Outlook, By Panel Shape (2024-2032) ($MN)
18 Global Vacuum Insulation Panels Market Outlook, By Flat Panel (2024-2032) ($MN)
19 Global Vacuum Insulation Panels Market Outlook, By Special Shape Panel (2024-2032) ($MN)
20 Global Vacuum Insulation Panels Market Outlook, By Bag (2024-2032) ($MN)
21 Global Vacuum Insulation Panels Market Outlook, By Box (2024-2032) ($MN)
22 Global Vacuum Insulation Panels Market Outlook, By Application (2024-2032) ($MN)
23 Global Vacuum Insulation Panels Market Outlook, By Construction (2024-2032) ($MN)
24 Global Vacuum Insulation Panels Market Outlook, By Commercial Buildings (2024-2032) ($MN)
25 Global Vacuum Insulation Panels Market Outlook, By Industrial Buildings (2024-2032) ($MN)
26 Global Vacuum Insulation Panels Market Outlook, By Residential Buildings (2024-2032) ($MN)
27 Global Vacuum Insulation Panels Market Outlook, By Refrigeration & Appliances (2024-2032) ($MN)
28 Global Vacuum Insulation Panels Market Outlook, By Commercial Refrigeration (2024-2032) ($MN)
29 Global Vacuum Insulation Panels Market Outlook, By Household Appliances (2024-2032) ($MN)
30 Global Vacuum Insulation Panels Market Outlook, By Logistics & Cold Chain Packaging (2024-2032) ($MN)
31 Global Vacuum Insulation Panels Market Outlook, By Electronic Goods Packaging (2024-2032) ($MN)
32 Global Vacuum Insulation Panels Market Outlook, By Food & Beverage Packaging (2024-2032) ($MN)
33 Global Vacuum Insulation Panels Market Outlook, By Pharmaceutical Packaging (2024-2032) ($MN)
34 Global Vacuum Insulation Panels Market Outlook, By Automotive (2024-2032) ($MN)
35 Global Vacuum Insulation Panels Market Outlook, By Battery Thermal Management (2024-2032) ($MN)
36 Global Vacuum Insulation Panels Market Outlook, By Cabin Insulation (2024-2032) ($MN)
37 Global Vacuum Insulation Panels Market Outlook, By Other Applications (2024-2032) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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