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Vacuum Insulation Panels Market
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Vacuum Insulation Panels Market

Author: Vineet Pandey - Business Consultant, Report ID - DS1701024, Published - December 2024

Segmented in End Use Industry (Construction, Logistics, Food & Beverages, Others), Product Type (Flat, Special Shape), Material, Core Material and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

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Global Vacuum Insulation Panels
Market Outlook

In a society aware of energy usage and effectiveness Vacuum Insulation Panels (VIPs) are seen as a game changing remedy emerging with exceptional insulation capabilities surpassing traditional materials by five to ten times reshaping sectors, like construction and household devices to enhance energy efficiency in a more attainable and cost efficient way. The market, for Vacuum insulation panels was estimated at $8.8 billion in 2024. It is anticipated to increase to $13.1 billion by 2030 with projections indicating a growth to around $18.1 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 6.8% over the forecast period.


VIP insulation materials are known for their top notch performance due to their composition of a gaseous core enclosed in a highly effective casing that offers excellent thermal insulation properties. What sets VIP materials apart from insulators is their slim profile and lightweight nature which makes them ideal for situations where space and weight constraints are important factors to consider. there has been a growing focus from manufacturers towards developing VIP materials thatre both eco friendly and recyclable in response to the increasing demand, for sustainable building materials.


Market Size Forecast & Key Insights

2019
$8.8B2024
2029
$17B2034

Absolute Growth Opportunity = $8.2B

The Vacuum Insulation Panels market is projected to grow from $8.8 billion in 2024 to $17.0 billion in 2034. This represents a CAGR of 6.8%, reflecting rising demand across Building Insulation, Home Appliances and Cold Chain Logistics.

The Vacuum Insulation Panels market is set to add $8.2 billion between 2024 and 2034, with manufacturer targeting Logistics & Food & Beverages End Use Industry projected to gain a larger market share.

With Increasing demand for compact insulation systems, and Advancements in construction industry, Vacuum Insulation Panels market to expand 93% between 2024 and 2034.

Opportunities in the Vacuum Insulation Panels Market

Progressive Technological Developments

The ongoing progress in technology regarding Vacuum Insulation Panels might act as a catalyst, for growth.

Energy Efficient Construction and Expansion into Cold Chain Logistics

The increasing shift towards eco construction methods and energy saving solutions is driving the popularity of Vacuum Insulation Panels (VIP) in the building industry. This advanced insulation option is preferred over choices for its exceptional insulation properties that contribute to constructing energy efficient buildings. With the rise of sustainability requirements in building practices and the adoption of VIP as an insulation choice the demand, for VIP is expected to keep growing steadily.

The unused advantages of Vacuum Insulation Panels are highly valuable in the field of chain logistics right now. VIPs exceptional insulation properties make them perfect for keeping temperature items like medicines and perishable food fresh during transportation. Entering this market sector could enable VIP producers to access a growing market, with high demand and help reduce product spoilage during shipping.

Growth Opportunities in North America and Europe

Europe Outlook

In Europe the Vacuum Insulation Panels market is experiencing growth due to the expansion of the construction industry and the implementation of strict retrofitting and building regulations aimed at reducing energy consumption in buildings. This growth is further supported by EU policies that prioritize energy efficiency in buildings. Its clear that the market is benefiting from a growing awareness of the advantages of vacuum insulation panels and an increasing demand for friendly insulation materials, within Europe.

North America Outlook

The North American Vacuum Insulation Panels Market is highly competitive with players in the industry vying for market share dominance. There is a rising demand for insulation solutions in the region which is propelling market expansion. The construction industry is evolving with energy efficiency requirements leading to a greater adoption of these panels. The emphasis on energy buildings is generating attractive prospects, in both commercial and residential sectors.

North America Outlook

The North American Vacuum Insulation Panels Market is highly competitive with players in the industry vying for market share dominance. There is a rising demand for insulation solutions in the region which is propelling market expansion. The construction industry is evolving with energy efficiency requirements leading to a greater adoption of these panels. The emphasis on energy buildings is generating attractive prospects, in both commercial and residential sectors.

Europe Outlook

In Europe the Vacuum Insulation Panels market is experiencing growth due to the expansion of the construction industry and the implementation of strict retrofitting and building regulations aimed at reducing energy consumption in buildings. This growth is further supported by EU policies that prioritize energy efficiency in buildings. Its clear that the market is benefiting from a growing awareness of the advantages of vacuum insulation panels and an increasing demand for friendly insulation materials, within Europe.

Growth Opportunities in North America and Europe

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : United States, Germany, China, Japan, United Kingdom are expected to grow at 4.4% to 6.5% CAGR

2

Emerging Markets : India, Brazil, South Africa are expected to grow at 7.8% to 9.4% CAGR

Market Analysis Chart

The market forces driving Vacuum Insulation Panels mainly include the growing need for energy products and the heightened focus on environmental conservation as well as the growth of the construction and industrial sectors. Vacuum insulation panels have demonstrated their ability to provide energy solutions and save costs leading to an upward trend in their market demand. Given the efforts to minimize carbon footprints and reduce greenhouse gas emissions is fueling the demand, for these vacuum insulation panels.

Recent Developments and Technological Advancement

December 2024

EuroSuperInsulate introduced a thin vacuum panel, in Europe that boasts enhanced longevity and durability. This innovation aims to tackle the problem of brittleness often associated with vacuum insulation panels.

October 2024

InsuTech LLC in the USA has started producing their vacuum insulation panels on a large scale. This move has led to a decrease, in production expenses and has made these panels more widely available.

July 2024

NanoTherm Inc., a company has been granted approval for their groundbreaking green technology vacuum insulation panel, which is recognized for having the lowest carbon footprint, in the industry.

Lately the Vacuum Insulation Panels market has been experiencing growth largely due to mounting worries regarding energy efficiency and the demand for advanced insulation across various industries. Indeed VIPs have become the pick, for many businesses and institutions because of their exceptional insulating properties and sleeker designs that save space.

Impact of Industry Transitions on the Vacuum Insulation Panels Market

As a core segment of the Building & Construction industry, the Vacuum Insulation Panels market develops in line with broader industry shifts. Over recent years, transitions such as "Rising Emphasis on Energy Efficiency and Advancements in Material Science have redefined priorities across the Building & Construction sector, influencing how the Vacuum Insulation Panels market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

"Rising Emphasis on Energy Efficiency:

Lately there has been a growing emphasis on saving energy and reducing the impact of warming. This change is evident in the energy rules being enforced worldwide leading to a need for high quality insulation materials. Vacuum Insulation Panels (VIPs) are thermal insulation options with exceptionally low thermal conductivity making them a preferred option, for eco friendly technologies.

2

Advancements in Material Science:

Advancements in material science have greatly impacted the Vacuum Insulation Panels market by improving the durability and efficiency of VIP products. This has increased their attractiveness to a range of industries such, as construction and appliances.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Building & Construction industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Building & Construction industry cascade into the Vacuum Insulation Panels market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Increasing Demand for Compact Insulation Systems, and Rising Awareness of Energy Saving

Vacuum insulation panels are also considered a cutting edge option, for delivering high quality insulation in sectors facing space constraints as a major challenge. When many industries strive to lower energy usage the need for vacuum insulation panels is also set to rise continually.
The rise in awareness and the emphasis placed upon energy conservation have also sparked a higher demand for vacuum insulation panels in various sectors due, to their ability to offer excellent thermal resistance and lower energy usage efficiently and environmentally friendly manner.
The shift towards creating homes and buildings thatre more energy efficient has also led to a rise in the utilization of vacuum insulation panels within the construction sector. Their exceptional insulating capabilities in comparison to materials are also motivating their incorporation as they aid in meeting the growing requirements, for energy efficiency standards.

Restraint: High Cost of Vacuum Insulation Panels

One major issue faced by Vacuum Insulation Panels (VIPs) in the market is their nature compared to conventional insulation materials This significant price gap poses a challenge to their widespread acceptance The increased cost is attributed to intricate production methods the utilization of top quality materials and the outstanding performance attributes of these panels This steep pricing may discourage prospective buyers particularly in less affluent regions where financial limitations play a crucial role

Challenge: Regulatory and Installation Hurdles

The VIP market faces challenges due to regulatory and installation hurdles in place. VIP installations require adherence, to guidelines to preserve their superior thermal resistance levels. This process can often be more intricate compared to installing insulation materials.

Supply Chain Landscape

Raw Material Procurement

BASF SE

DowDuPont Inc

Material Processing & Production

Panasonic Corporation

LG Hausys Ltd

Panel Design & Manufacture
Evonik Industries AG / ThermoCor
End User
Construction / Logistics and Cold Chain Management / Appliances Manufacturing
Raw Material Procurement

BASF SE

DowDuPont Inc

Material Processing & Production

Panasonic Corporation

LG Hausys Ltd

Panel Design & Manufacture

Evonik Industries AG

ThermoCor

End User

Construction

Logistics and Cold Chain Management

Appliances Manufacturing

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Leading Providers and Their Strategies

Application AreaIndustryLeadingProvidersProvider Strategies
Construction
Architecture and Building
Va-Q-tec AG
Developing innovative products with better thermal properties and adopting green-building practitioner strategies
Temperature Controlled Logistics
Transportation and Storage
Panasonic Corporation
Implementing strategic expansions and focusing on the development of technologically advanced products with a more effective insulation capacity
Refrigeration Appliances
Home Appliances
Evonik Industries AG
Investing in R&D activities to design and produce panels with a high level of thermal insulation
Automotive
Transportation and Automotive
LG Hausys, Ltd.
Emphasizing design and product quality improvements for better energy efficiency and incorporating eco-friendly and sustainable practices

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Vacuum Insulation Panels market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Vacuum Insulation Panels in Home Appliances, Building Insulation and Cold Chain Logistics

Home Appliances

VIP customer status is also utilized in household appliances such, as refrigerators and freezers. VIP technology provides thermal insulation while requiring minimal space utilization resultantly boosting energy efficiency and storage capacity. LG and Samsung are industry players that incorporate VIP technology in their high end product lineup to optimize energy efficiency.

Building Insulation

Vacuum insulation panels (VIPs) are commonly utilized in the construction sector because of their insulation capabilities with a slim design and excellent insulation properties that help enhance the energy efficiency of buildings and significantly lower heating and cooling expenses. They have been adopted by companies, like Evonik and Panasonic who utilize their technical knowledge to manufacture top notch VIPs.

Cold Chain Logistics

In the logistics sector. When transporting goods that require specific temperatures. VIP containers come into play to offer excellent thermal insulation without relying heavily upon cooling systems and thereby cutting down energy consumption and expenses. They are lightweight well which helps in reducing the overall cargo weight. Va Q tec is a player, in supplying these VIP containers for such purposes.

Vacuum Insulation Panels vs. Substitutes:
Performance and Positioning Analysis

Vacuum Insulation Panels provide thermal insulation than conventional materials such as foam or fiberglass and are gaining traction in the green construction sector due, to their impressive energy efficiency despite being pricier.

Vacuum Insulation Panels
  • Aerogel Insulation /
  • Structural Insulated Panels /
  • Polyurethane Foam Insulation
    Superior insulating properties, Low thickness
    High cost, Vulnerability to puncture or damage
    Cost-effective, easy installation
    Lower insulation rating, degrade faster over time

Vacuum Insulation Panels vs. Substitutes:
Performance and Positioning Analysis

Vacuum Insulation Panels

  • Superior insulating properties, Low thickness
  • High cost, Vulnerability to puncture or damage

Aerogel Insulation / Structural Insulated Panels / Polyurethane Foam Insulation

  • Cost-effective, easy installation
  • Lower insulation rating, degrade faster over time

Vacuum Insulation Panels provide thermal insulation than conventional materials such as foam or fiberglass and are gaining traction in the green construction sector due, to their impressive energy efficiency despite being pricier.

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Research Methodology

This market research methodology defines the Vacuum Insulation Panels market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Building & Construction ecosystem, we analyze Vacuum Insulation Panels across Flat and Special Shape Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:

• NAICS - Economic Statistics (US, Canada)

Annual Reports / Industry Magazines / Country Level Ministerial Sources

DnB / Factiva / Hoovers / Financial Reports

Interviews of Industry Stake Holders

Industry Views of Consultants

DataString Database

We benchmark competitors such as Panasonic Corporation, LG Hausys Ltd, and Dow Corning Corporation by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Raw Material Procurement, Material Processing & Production, and Panel Design & Manufacture. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Building & Construction revenues to estimate the Vacuum Insulation Panels segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Raw Material Procurement (BASF SE, DowDuPont Inc), Material Processing & Production (Panasonic Corporation, LG Hausys Ltd), and Panel Design & Manufacture. Our parallel substitute analysis examines Aerogel Insulation, Structural Insulated Panels, and Polyurethane Foam Insulation, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as Panasonic Corporation, LG Hausys Ltd, and Dow Corning Corporation, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Vacuum Insulation Panels market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Vacuum Insulation Panels Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 9.4 billion
Revenue Forecast in 2034USD 17.0 billion
Growth RateCAGR of 6.8% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 20248.8 billion
Growth OpportunityUSD 8.2 billion
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 20248.8 billion USD
Market Size 202710.7 billion USD
Market Size 202912.2 billion USD
Market Size 203013.1 billion USD
Market Size 203417.0 billion USD
Market Size 203518.1 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredEnd Use Industry, Product Type, Material, Core Material
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledPanasonic Corporation, LG Hausys Ltd, Dow Corning Corporation, Knauf Insulation, ThermoCor, Porextherm Dmmstoffe GmbH, Evonik Industries, OCI Company Ltd, Saint-Gobain, Kingspan Insulation, Va-Q-Tec AG and Morgan Advanced Materials
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Vacuum Insulation Panels Market Size, Opportunities & Strategic Insights, by End Use Industry

4.1Construction
4.2Logistics
4.3Food & Beverages
4.4Others
Chapter 5

Vacuum Insulation Panels Market Size, Opportunities & Strategic Insights, by Product Type

5.1Flat
5.2Special Shape
Chapter 6

Vacuum Insulation Panels Market Size, Opportunities & Strategic Insights, by Material

6.1Silica
6.2Fiberglass
Chapter 7

Vacuum Insulation Panels Market Size, Opportunities & Strategic Insights, by Core Material

7.1Urethane
7.2Polyisocyanurate
7.3Phenolic
7.4Styrofoam
Chapter 8

Vacuum Insulation Panels Market, by Region

8.1North America Vacuum Insulation Panels Market Size, Opportunities, Key Trends & Strategic Insights
8.1.1U.S.
8.1.2Canada
8.2Europe Vacuum Insulation Panels Market Size, Opportunities, Key Trends & Strategic Insights
8.2.1Germany
8.2.2France
8.2.3UK
8.2.4Italy
8.2.5The Netherlands
8.2.6Rest of EU
8.3Asia Pacific Vacuum Insulation Panels Market Size, Opportunities, Key Trends & Strategic Insights
8.3.1China
8.3.2Japan
8.3.3South Korea
8.3.4India
8.3.5Australia
8.3.6Thailand
8.3.7Rest of APAC
8.4Middle East & Africa Vacuum Insulation Panels Market Size, Opportunities, Key Trends & Strategic Insights
8.4.1Saudi Arabia
8.4.2United Arab Emirates
8.4.3South Africa
8.4.4Rest of MEA
8.5Latin America Vacuum Insulation Panels Market Size, Opportunities, Key Trends & Strategic Insights
8.5.1Brazil
8.5.2Mexico
8.5.3Rest of LA
8.6CIS Vacuum Insulation Panels Market Size, Opportunities, Key Trends & Strategic Insights
8.6.1Russia
8.6.2Rest of CIS
Chapter 9

Competitive Landscape

9.1Competitive Dashboard & Market Share Analysis
9.2Company Profiles (Overview, Financials, Developments, SWOT)
9.2.1Panasonic Corporation
9.2.2LG Hausys Ltd
9.2.3Dow Corning Corporation
9.2.4Knauf Insulation
9.2.5ThermoCor
9.2.6Porextherm Dmmstoffe GmbH
9.2.7Evonik Industries
9.2.8OCI Company Ltd
9.2.9Saint-Gobain
9.2.10Kingspan Insulation
9.2.11Va-Q-Tec AG
9.2.12Morgan Advanced Materials