Global Vacuum Insulation Panel Market Size to Rise at +4.30% CAGR by 2034, Value to Cross US$ 12.05 Billion - Says Zion Market Research
NEW YORK, USA, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled 'Vacuum Insulation Panel Market By Product (Flat, Special Shape), By Core Material (Silica, Fiberglass, and Others), By Raw Material (Plastics, Metals), By Application (Construction, Cooling & Freezing Devices, Logistics, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034' in its research database.
'According to the latest research study, the global vacuum insulation panel market size was valued at around USD 8.60 billion in 2024. The market is expected to grow at a CAGR of 4.30% and is anticipated to reach a value of USD 12.05 billion by 2034.'
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Vacuum Insulation Panel Market Overview:
Vacuum Insulation Panels (VIPs) are high-performance thermal insulation materials consisting of a microporous core material (such as fumed silica, fiberglass, or polyurethane) enclosed in an airtight barrier film, with the air evacuated to create a near-vacuum environment. This structure provides 3-10 times better insulation than traditional materials like foam or fiberglass, making VIPs ideal for applications requiring superior thermal efficiency in minimal space.
The Vacuum Insulation Panel (VIP) Market is witnessing steady growth, driven by the increasing demand for high-performance thermal insulation solutions across various industries. These panels are widely used in construction, appliances, cold chain logistics, and automotive sectors, where space-saving and energy efficiency are critical. Stricter energy efficiency regulations, particularly in Europe and North America, are propelling their adoption in green buildings and refrigeration systems. Meanwhile, the rise of electric vehicles (EVs) and the need for lightweight, high-performance insulation in aerospace applications further boost market demand. However, challenges such as high production costs, fragility during installation, and competition from conventional materials may hinder widespread adoption.
Report Scope:
Report Attribute
Report Details
Market Size in 2024
USD 8.60 Billion
Market Forecast in 2034
USD 12.05 Billion
Growth Rate
CAGR of 4.30%
Base Year
2024
Forecast Years
2025- 2034
Key Companies Covered
Panasonic Corporation, LG Hausys, ThermoCor, Va-Q-tec AG, Etex Group, OCI Company Ltd., Porextherm Dämmstoffe GmbH, Microtherm (Promat), Kingspan Group, Knauf Insulation, Neo Thermal Insulation, The Dow Chemical Company, ThermoShield LLC, Hitachi Chemical Co., Ltd., Turna, and others.
Segments Covered
By Product, By Core Material, By Raw Material, By Application, and By Region
Regions Covered
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
Customization Scope
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Key Insights from Primary Research
As per the analysis, the vacuum insulation panel market share is likely to grow at a CAGR of around 4.30% between 2025 and 2034.
The vacuum insulation panel market size was worth around $ 8.60 billion in 2024 and is estimated to hit approximately $ 12.05 billion by 2034. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
Based on the product, the flat segment is growing at a high rate and is projected to dominate the global market.
On the basis of core material, the silica segment is projected to swipe the largest market share.
In terms of raw material, plastics are likely to grow at a significant rate over the forecast period.
Based on application, the cooling & freezing devices segment is expected to lead the market compared to the construction segment.
On the basis of region, the Asia Pacific is expected to dominate the global market during the forecast period.
Vacuum Insulation Panel Market: Growth Drivers
The Vacuum Insulation Panel (VIP) market is witnessing robust growth, driven by increasing demand for energy-efficient solutions across industries. A key factor is the stringent energy efficiency regulations in construction, where VIPs are widely used for their superior thermal insulation properties, reducing heating and cooling costs in buildings. The growth of the cold chain logistics sector, particularly in food and pharmaceuticals, further boosts demand, as VIPs help maintain stable temperatures with minimal thickness.
Additionally, the rising adoption of electric vehicles (EVs) supports market expansion, as VIPs enhance battery thermal management and cabin insulation. Sustainability trends also play a crucial role, as VIPs offer a lightweight, space-saving alternative to traditional insulation materials, reducing carbon footprints. Technological advancements in core materials and barrier films are improving VIP performance and durability, broadening their applications in aerospace, appliances, and industrial insulation. With urbanization and infrastructure development accelerating in emerging economies, the VIP market is poised for sustained growth.
Browse the full 'Vacuum Insulation Panel Market By Product (Flat, Special Shape), By Core Material (Silica, Fiberglass, and Others), By Raw Material (Plastics, Metals), By Application (Construction, Cooling & Freezing Devices, Logistics, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034' Report at https://www.zionmarketresearch.com/report/vacuum-insulation-panel-market
Vacuum Insulation Panel Market: Segmentation
The global vacuum insulation panel market is segmented based on product, core material, raw material, application, and region.
Based on the product, the global vacuum insulation panel industry is divided into flat and special shapes. The flat panels segment dominates the global market, driven by their universal application in refrigeration, appliances, and construction. Their standardized dimensions make them ideal for mass production and hassle-free installation across industries. Meanwhile, the special shape panels segment is gaining notable traction as demand grows for customized solutions. This niche but expanding market caters to specialized applications where off-the-shelf flat panels won't suffice.
Based on core material, the global market is segmented into silica, fiberglass, and others. Silica vacuum insulation panels (VIPs) dominate the market, offering unbeatable thermal insulation, exceptionally low conductivity, and extended durability. These high-performance characteristics make them ideal for demanding applications in construction and premium appliances where energy efficiency is critical. Meanwhile, fiberglass VIPs maintain a significant market presence, valued for their affordability and structural resilience. While they may not match silica's insulation performance, their balance of cost and mechanical strength keeps them competitive for budget-conscious applications.
Based on raw material, the global vacuum insulation panel market is segmented into plastics and metals. The plastics segment commands the largest market share, driven by their widespread adoption in protective layers and VIP barrier films. Their winning combination of flexibility, lightweight properties, and cost-effectiveness makes them the go-to choice for manufacturers across industries. While metals hold a smaller but still significant share, they remain indispensable for applications demanding maximum protection. Their exceptional moisture and gas barrier properties ensure they maintain a strong position in premium and specialized VIP applications where absolute protection is paramount.
Based on application, the global market is segmented into construction, cooling & freezing devices, logistics, and others. The cooling and freezing segment dominates the market, fueled by surging demand for compact, energy-saving insulation solutions in both commercial refrigeration and household appliances. As efficiency standards tighten globally, manufacturers increasingly prioritize VIP solutions that maximize performance while minimizing space requirements. On the other hand, the construction segment claims a strong second position, with growth accelerating due to the rapid adoption of green building standards worldwide. Urban development projects demand high-performance thermal insulation.
Why does Asia Pacific outperform other regions in the global vacuum insulation panel market?
The Asia Pacific region is set to remain the leader in the global vacuum insulation panel (VIP) market, due to several key factors. The region is undergoing rapid urbanization and infrastructure expansion, particularly in countries like China, India, and Southeast Asia. This growth, especially in the construction sector, is a major driver. A report from Oxford Economics projects that the Asia Pacific will account for over half of all global construction activity by 2030, fueling the demand for efficient, space-saving insulation solutions like VIPs in both commercial and residential buildings.
Beyond construction, the region's strong position in the production and consumption of refrigeration appliances is another key factor. China, for instance, manufactures more than 40% of the world's refrigerators, and a significant portion of these appliances use VIPs to improve energy efficiency. The rising incomes and growing middle class across the region are also boosting appliance ownership, which further accelerates market growth.
Furthermore, the expansion of the cold chain logistics sector in Asia Pacific is creating a substantial demand for VIPs. The food and pharmaceutical industries are booming, and reliable cold chain solutions are essential for their growth. According to the IMARC Group, the region's cold chain logistics market is expected to reach USD 366 billion by 2027. VIPs are crucial for maintaining thermal stability during transportation, from long-distance hauls to last-mile delivery, making them an indispensable component of this burgeoning industry.
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Vacuum Insulation Panel Market: Competitive Landscape
The report contains qualitative and quantitative research on the global vacuum insulation panel market, as well as detailed insights and development strategies employed by the leading competitors.
Some of the main players in the global vacuum insulation panel market include;
Panasonic Corporation
LG Hausys
ThermoCor
Va-Q-tec AG
Etex Group
OCI Company Ltd.
Porextherm Dämmstoffe GmbH
Microtherm (Promat)
Kingspan Group
Knauf Insulation
Neo Thermal Insulation
The Dow Chemical Company
ThermoShield LLC
Hitachi Chemical Co. Ltd.
Turna
The global vacuum insulation panel market is segmented as follows:
By Product
Flat
Special Shape
By Core Material
Silica
Fiberglass
Others
By Raw Material
Plastics
Metals
By Application
Construction
Cooling & Freezing Devices
Logistics
Others
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
Southeast Asia
Rest of Southeast Asia
The Middle East & Africa
GCC
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
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Key Questions Answered in This Report:
What is vacuum insulation panel?
Which key factors will influence vacuum insulation panel market growth over 2025-2034?
What will be the value of the vacuum insulation panel market during 2025-2034?
What will be the CAGR value of the vacuum insulation panel market during 2025-2034?
Which region will contribute notably towards the vacuum insulation panel market value?
Which are the major players leveraging the vacuum insulation panel market growth?
What can be expected from the global vacuum insulation panel market report?
Key Offerings:
Full in-depth analysis of the parent market
Important changes in market dynamics
Segmentation details of the market
Previous, ongoing, and projected market analysis in terms of volume and value
Assessment of niche industry developments
Market share analysis
Key strategies of major players
Emerging segments and regional markets
Testimonials to companies in order to fortify their foothold in the market
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