Vacuum Insulation Panels Market
By Core Material;
Silica - [Fumed Silica & Precipitated Silica], Fiberglass, and OthersBy Raw Material;
Plastics and MetalsBy Type;
Flat and Special ShapeBy Application;
Construction, Cooling & Freezing Devices, Logistics, and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Vacuum Insulation Panels Market Overview
Vacuum Insulation Panels Market (USD Million)
Vacuum Insulation Panels Market was valued at USD 9,133.25 million in the year 2024. The size of this market is expected to increase to USD 12,681.02 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.8%.
Vacuum Insulation Panels Market
*Market size in USD million
CAGR 4.8 %
Study Period | 2025 - 2031 |
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Base Year | 2024 |
CAGR (%) | 4.8 % |
Market Size (2024) | USD 9,133.25 Million |
Market Size (2031) | USD 12,681.02 Million |
Market Concentration | High |
Report Pages | 354 |
Major Players
- Evonik Industries AG
- LG Hausys Ltd.
- Panasonic Corporation
- DOW Corning Corporation
- OCI Company Ltd.
- Kevothermal, LLC
- Porextherm Ddmmstoffe GmbH
- Thermocor
- Va-Q-Tec AG
- Microtherm
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Vacuum Insulation Panels Market
Fragmented - Highly competitive market without dominant players
The Vacuum Insulation Panels (VIPs) market is rapidly expanding as demand for high-efficiency thermal insulation increases. VIPs offer up to 90% lower thermal conductivity compared to conventional materials, making them ideal for modern energy-saving applications. Their thin profile and lightweight structure are key advantages driving adoption in architecture and appliance sectors prioritizing performance and design flexibility.
Innovation Drives Material Superiority
Advances in barrier films and core components have resulted in over 35% enhancement in VIP efficiency. These innovations extend the lifespan and reliability of panels by significantly lowering thermal bridging and permeability. VIPs now exhibit around 60% better heat resistance, ensuring consistent functionality across long durations. This technological edge is helping VIPs replace traditional insulation in more demanding environments.
Accelerated Use in Buildings and Transport
In construction and logistics, VIPs are enabling smarter insulation strategies. Panels reduce thickness requirements by close to 50%, creating space-saving solutions with nearly 25% improved energy retention in cold storage systems. Their integration into HVAC and building envelopes showcases their role in achieving compact, sustainable, and thermally efficient infrastructure.
Broadened Application in Precision Sectors
As industries such as healthcare and electronics demand improved thermal control, VIPs are stepping in to meet expectations. These panels enable 30% better temperature maintenance in devices like vaccine containers and sensitive instruments. Their utility across varied applications underscores a shift toward space-saving, efficient, and reliable insulation systems.
Vacuum Insulation Panels Market Recent Developments
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In September 2022, Evonik Industries expanded its vacuum insulation panel (VIP) product line with improved flexibility, enabling broader use in energy-efficient buildings and diverse architectural applications.
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In December 2023, ThermoCor launched an advanced vacuum insulation panel offering superior thermal resistance, aimed at boosting performance in refrigeration and cold chain logistics.
Vacuum Insulation Panels Market Segment Analysis
In this report, the Vacuum Insulation Panels Market has been segmented by Core Material, Raw Material, Type, Application, and Geography.
Vacuum Insulation Panels Market, Segmentation by Core Material
The Vacuum Insulation Panels Market has been segmented by Core Material intoSilica - [Fumed Silica & Precipitated Silica], Fiberglass, and Others.
Silica
Silica-based core materials are highly popular in the production of vacuum insulation panels (VIPs) due to their excellent thermal insulation properties. The two primary types of silica used in VIPs are fumed silica and precipitated silica, both offering superior performance in minimizing heat transfer. Silica-based core materials are often used in applications such as refrigeration, construction, and cryogenic storage. Silica accounts for approximately 45% of the market share.
Fiberglass
Fiberglass is another key core material used in vacuum insulation panels, prized for its strength, durability, and thermal resistance. Fiberglass-based VIPs are commonly utilized in the construction and automotive industries, providing high insulation in a cost-effective and lightweight form. Their excellent mechanical properties make them suitable for demanding applications where both thermal performance and structural integrity are important. Fiberglass represents around 35% of the market share.
Others
Other core materials used in vacuum insulation panels include advanced composites and polymers that offer unique properties for specific applications. These materials are typically used in specialized industries, including aerospace, electronics, and other high-performance environments, where tailored insulation solutions are required. Other materials contribute about 20% to the market share.
Vacuum Insulation Panels Market, Segmentation by Raw Material
The Vacuum Insulation Panels Market has been segmented by Raw Material into Plastics and Metals
Plastics
Plastics are a significant raw material used in the production of vacuum insulation panels (VIPs), offering advantages such as lightweight and ease of processing. They are particularly favored for applications in industries where cost-efficiency and ease of manufacturing are priorities. Plastics-based VIPs are commonly used in refrigeration and packaging applications, providing effective insulation without adding excessive weight. Plastics account for approximately 60% of the market share.
Metals
Metals are used in vacuum insulation panels for applications that require high strength and durability. Metal-based VIPs are ideal for use in demanding environments such as automotive, aerospace, and industrial applications, where durability and resistance to extreme conditions are critical. These panels provide excellent thermal insulation properties, along with structural integrity. Metal-based VIPs represent about 40% of the market share.
Vacuum Insulation Panels Market, Segmentation by Type
The Vacuum Insulation Panels Market has been segmented by Type into Flat, and Special Shape.
Flat
Flat vacuum insulation panels (VIPs) are the most common form of vacuum insulation used in a variety of applications, including building construction and refrigeration. These panels are favored for their efficient thermal insulation properties, offering up to 5-10 times better performance than conventional insulation materials. They have seen widespread adoption due to their ability to provide high insulation in a thin profile, making them ideal for applications requiring space efficiency. Flat VIPs account for approximately 65% of the market share.
Special Shape
Special shape vacuum insulation panels are customized to fit specific, non-standard applications. These panels are designed for complex geometries, such as in the aerospace, automotive, and electronics industries. Their ability to maintain low thermal conductivity in intricate designs is driving their demand. Special shape VIPs are often utilized in high-performance applications where space constraints and thermal efficiency are critical. They represent around 35% of the global market.
Vacuum Insulation Panels Market, Segmentation by Application
The Vacuum Insulation Panels Market has been segmented by Application into Construction, Cooling & Freezing Devices, Logistics, and Others.
Construction
The construction sector represents a significant application of Vacuum Insulation Panels (VIPs), accounting for a substantial market share. VIPs offer high thermal insulation properties, helping to enhance energy efficiency in both residential and commercial buildings. The demand in this segment has been increasing as energy conservation becomes a priority in the construction industry, with the market growing by approximately 35%.
Cooling & Freezing Devices
VIPs are widely used in cooling and freezing devices due to their superior insulation capabilities. These panels are essential in reducing energy consumption while maintaining optimal temperature conditions in refrigeration systems. This segment is expected to grow by 25%, driven by increasing demand for energy-efficient refrigeration technologies across various industries.
Logistics
The logistics industry relies on VIPs for temperature-sensitive goods transportation. With rising global trade and the need for maintaining specific temperatures for pharmaceuticals and perishable goods, the demand for VIPs in logistics has surged, with an estimated market share growth of 18%. This growth is primarily fueled by the growing importance of supply chain efficiency and product integrity.
Others
The "Others" segment of the Vacuum Insulation Panels market includes applications in electronics, automotive, and more specialized industrial sectors. While this segment represents a smaller portion of the market, its demand is projected to grow at a rate of 22% as new applications for VIPs continue to emerge.
Vacuum Insulation Panels Market, Segmentation by Geography
In this report, the Vacuum Insulation Panels Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Regions and Countries Analyzed in this Report
Vacuum Insulation Panels Market Share (%), by Geographical Region
North America
The North American region is a key player in the vacuum insulation panels market, driven by significant demand in industries such as construction, refrigeration, and automotive. The region is expected to maintain a substantial market share due to the growing need for energy-efficient solutions and advancements in insulation technologies. North America holds approximately 30% of the global market share.
Europe
Europe is another leading region in the vacuum insulation panels market, with a focus on sustainable building materials and energy efficiency. With stringent regulations aimed at reducing carbon footprints and increasing energy efficiency, Europe has seen widespread adoption of VIPs in both residential and commercial applications. Europe accounts for around 25% of the market share.
Asia Pacific
Asia Pacific is experiencing rapid growth in the vacuum insulation panels market, driven by the expanding construction and refrigeration sectors in emerging economies like China and India. The demand for energy-efficient solutions and environmentally friendly materials is propelling market growth in this region. Asia Pacific represents roughly 35% of the global market share.
Middle East and Africa
The Middle East and Africa region is witnessing growth in the vacuum insulation panels market due to increased investments in infrastructure development and the growing focus on energy efficiency in buildings. VIPs are being increasingly adopted in high-performance applications, especially in the construction sector. This region holds around 5% of the market share.
Latin America
Latin America is a developing market for vacuum insulation panels, with growth mainly driven by the construction and refrigeration industries. The region is focusing on improving insulation standards and reducing energy consumption, which is boosting the demand for VIPs. Latin America accounts for approximately 5% of the market share.
Vacuum Insulation Panels Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Vacuum Insulation Panels Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
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Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers:
- Sustainable Construction Practices
- Growing Construction Industry
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Increasing Demand for Cold Chain Logistics - Increasing demand for cold chain logistics is a key driver of the vacuum insulation panels (VIPs) market, as temperature-sensitive products require highly efficient thermal insulation to maintain integrity during storage and transport. Industries such as pharmaceuticals, biotechnology, and frozen food rely on consistent temperature control, where traditional insulation solutions often fall short. VIPs, known for their superior thermal resistance and space-saving properties, are becoming the preferred choice for advanced cold chain systems.
With the rise in global vaccine distribution, perishable exports, and the growth of online grocery delivery, the need for compact yet effective insulation is more pressing than ever. VIPs enable packaging solutions and cold storage units to maintain strict thermal performance in limited spaces, reducing energy use and minimizing spoilage risks. As cold chain logistics continue to expand globally, especially in emerging markets, the adoption of VIPs is expected to accelerate, driving sustained market growth.
Restraints:
- High Initial Setup and Investment Cost
- Lack of Consumer Awareness and Knowledge
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Challenges in Product Transportation Logistics - Challenges in product transportation logistics serve as a notable restraint in the vacuum insulation panels (VIPs) market, as these panels are highly sensitive to physical damage and pressure. Even minor punctures or cracks can compromise the vacuum seal, significantly reducing thermal performance. This fragility demands careful handling, specialized packaging, and controlled shipping conditions, which increases overall logistics costs and complexity.
Moreover, the bulky nature of protective packaging and limited stacking capability often reduce space efficiency during transport, making VIPs less favorable in certain large-scale distribution operations. For manufacturers and suppliers operating in remote or underdeveloped areas, these transportation hurdles can hinder timely delivery and inflate operational costs. As a result, despite their performance advantages, the adoption of VIPs can be restricted by the logistical demands of maintaining product integrity throughout the supply chain.
Opportunities:
- Green Building Initiatives
- Innovations in Manufacturing Processes
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Untapped Applications in Automotive - Untapped applications in automotive present a promising opportunity in the vacuum insulation panels (VIPs) market, as vehicle manufacturers seek advanced thermal insulation to improve energy efficiency and comfort. With the growth of electric vehicles (EVs) and hybrid systems, there is increasing demand for solutions that enhance battery thermal management and maintain cabin temperature without overburdening energy consumption. VIPs offer high insulation performance in minimal space, making them ideal for tight automotive compartments.
Beyond battery protection, VIPs can also be integrated into interior panels, trunk linings, and temperature-controlled compartments for premium or refrigerated transport vehicles. As the automotive industry shifts toward sustainable design and lightweight materials, VIPs align with the need for compact, energy-saving insulation technologies. By targeting these emerging use cases, manufacturers have an opportunity to diversify applications, expand revenue streams, and strengthen their foothold in the mobility sector.
Vacuum Insulation Panels Market Competitive Landscape Analysis
Key players in Vacuum Insulation Panels Market include:
- Evonik Industries AG
- LG Hausys Ltd.
- Panasonic Corporation
- DOW Corning Corporation
- OCI Company Ltd.
- Kevothermal, LLC
- Porextherm Ddmmstoffe GmbH
- Thermocor
- Va-Q-Tec AG
- Microtherm
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Market Share Analysis
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Core Material
- Market Snapshot, By Raw Material
- Market Snapshot, By Type
- Market Snapshot, By Application
- Market Snapshot, By Region
- Vacuum Insulation Panels Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Sustainable Construction Practices
- Growing Construction Industry
- Increasing Demand for Cold Chain Logistics
- Restraints
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High Initial Setup and Investment Cost
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Lack of Consumer Awareness and Knowledge
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Challenges in Product Transportation Logistics
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- Opportunities
- Green Building Initiatives
- Innovations in Manufacturing Processes
- Untapped Applications in Automotive
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Vacuum Insulation Panels Market, By Core Material, 2021 - 2031 (USD Million)
- Silica
- Fumed Silica
- Precipitated Silica
- Fiberglass
- Others
- Silica
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Vacuum Insulation Panels Market, By Raw Material, 2021 - 2031 (USD Million)
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Plastics
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Metals
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- Vacuum Insulation Panels Market, By Type, 2021 - 2031 (USD Million)
- Flat
- Special Shape
- Vacuum Insulation Panels Market, By Application, 2021 - 2031 (USD Million)
- Construction
- Cooling & Freezing Devices
- Logistics
- Others
- Vacuum Insulation Panels Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Vacuum Insulation Panels Market, By Core Material, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Evonik Industries AG
- LG Hausys Ltd.
- Panasonic Corporation
- DOW Corning Corporation
- OCI Company Ltd.
- Kevothermal, LLC
- Porextherm Ddmmstoffe GmbH
- Thermocor
- Va-Q-Tec AG
- Microtherm
- Company Profiles
- Analyst Views
- Future Outlook of the Market