Better Durability to Promote Vacuum Insulation Panel Market

26/mar/2020 16:49:45 Automotive Market Research Reports Contatta l'autore

vacuum insulated panels market are known for their ability to withstand the external load heaped upon products and caused by atmospheric pressure. This also helps in the retainment of the desired quality standard. The global vacuum insulation panels market is expected to take a 4% hike in CAGR during the forecast period (2017-2022). Market Research Future (MRFR), in its elaborate analysis of the global vacuum insulation panel market, reveals a possibility for the market to exceed the estimated valuation by the end of 2022.

High demand in refrigeration, better inclusion in the construction industry, uptake by logistics, and substantial scope in the home appliances segment are reasons that can be considered as factors for the future vacuum insulation market analysis. The APAC region is one of the major market traction providers. Industrial growth in the region is expected to impact the global market.

Segmentation:

MRFR’s analysis of the vacuum insulation panels market relies heavily on a segmentation conducted by adept analysts. The segments mentioned in the report are material, type, and end-use.

Based on the material, the vacuum insulation panels market includes silica and fiberglass. The silica-based panels had around 50% of the global market share in 2015 as the provided thermal insulation is higher than other materials. The fiberglass segment is all set to project lucrative growth during the review period. Its features like lower thermal conductivity and higher thermal efficiency are expected to substantially impact the segmental market.

Based on the type, the vacuum insulation panels market comprises flat and special shape.

By end use, the vacuum insulation panels market includes construction, home appliances, and logistics. The construction segment fetched the highest amount of revenue in 2015, as its consumption is quite high in the residential sector. In addition, the underground constructions are also promoting substantial market growth. Its highest thermal insulating capacity makes it the choicest preference for many end-users.

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Regional Analysis:

North America, Europe, Asia Pacific (APAC) and Rest of the World (RoW) are four distinct regions in which the global vacuum insulation panel market can be segmented. MRFR’s attempt at this segmentation leads to a detailed understanding of the global market with substantial backups from value-based and volume-based figures.

The APAC region has the scope to dominate the region during the forecast period. Countries like China, Japan, and India are major contributors to the vacuum insulation panels market and this is happening due to the hike in construction activities. Various companies are launching smart city projects that can significantly impact the global market. Governments are also initiating a lot of plans and approved investments that can impact the regional market growth.

The global market is getting benefits from rapid urbanization, which is leading towards a burgeoning residential and commercial construction industry. At the same time, the demand for energy efficient material for building purposes promises substantial growth rate for the market. In the APAC region, this is the case with China, India, New Zealand, Australia, and Thailand.

North America and Europe are also going to promote the market substantially. This is due to high investment capacity, which works well with both construction and home appliances sectors. The logistics segment is also providing much traction to these regional markets.

Competitive Landscape:

Several companies have shown keen interest in the global vacuum insulation panel market and they are attempting to solidify their market position by implementing various strategies. MRFR enlisted these companies and profiled them to get a good grip over latest dynamics. These companies are LG Hausys, Ltd. (Korea), Evonik Industries AG (Germany), Dow Corning Corporation (U.S.), Panasonic Corporation (Japan), Kingspan Insulation LLC (U.S.), Vacutherm Ltd. (U.K.), OCI Company Ltd. (Korea), Porextherm Dämmstoffe GmbH (Germany), ThermoCor (U.S.), and Hanita Coatings RCA Ltd. (Isreal). Their steps often include merger, acquisition, collaboration, and other methods.

 

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