New York – September 5, 2023 - Research Nester’s recent market research analysis on “Vacuum Insulation Panels Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global vacuum insulation panels market in terms of market segmentation by core material, product, application and by region.

Cold Chain and Temperature-Sensitive Industries & Growing Awareness in Consumer to Promote the Global Market Share of Vacuum Insulation Panels
The pharmaceutical, food, and logistics industries require precise temperature control during transportation and storage. VIPs are ideal for creating thermal barriers with 3 to 7 mW/mK of thermal conductivity and are suitable for packaging and containers and maintaining temperature-sensitive products' integrity and safety, offering 7–10 days of autonomy, which is twice the amount of traditional insulation material.

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Furthermore, as consumers become more environmentally conscious and seek ways to reduce their carbon footprint, they are increasingly looking for energy-efficient appliances, electronics, and homes. VIPs, with their high R-value (thermal resistance of R-25 or more), cater to this demand by enabling products and buildings to be more energy-efficient.

Some of the major growth factors and challenges that are associated with the growth of the global vacuum insulation panels market are:

Growth Drivers:
• Increased budget for research.
• Government Incentives and Rebate Programs
Challenges:
Market Competition, high cost of integration, and limited durability are some of the major factors anticipated to hamper the global market size of vacuum insulation panels.

By application, the global vacuum insulation panels is segmented into construction, consumer appliances & logistics. Amongst these Construction segments is anticipated to dominate the market over the forecast period, i.e. 2024-2036. With new government reforms, the construction industry growing at a significant rate. There will be a need for 25 million extra mid-range and cheap homes by 2030 when more than 40% of the population (compared to 33% presently) is predicted to reside in urban India. To usher in a new age in the Indian building technology industry, 54 breakthrough worldwide construction technologies were identified under a Technology Sub-Mission of PMAY-U.

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By Region, the North American vacuum insulation panels is going to generate the most profit by the year 2036. The total primary energy used in the United States in 2022 was equivalent to 100.41 quadrillion Btu. segregating into different sectors such as Transportation (27.70 quads), Residential (12.30 quads), Commercial (9.58 quads) & industrial (26.62 quads) led to stringent energy efficiency regulations and codes at federal and state levels driving the demand for advanced insulation solutions like Vacuum Insulation Panels in buildings, appliances, and industrial applications.

Further, in Europe, the market for vacuum insulation panels is growing substantially. Vacuum Insulation Panels' superior thermal performance makes them particularly valuable in colder climates across Northern Europe. Europe's diverse industrial landscape with a production rate at USD 193 billion offers opportunities for VIPs to be used in various industrial processes, especially those requiring temperature control.

This report also provides the existing competitive scenario of some of the key players of the global vacuum insulation panels market which includes company profiling of, Evonik Industries AG, va-Q-tec, OCI COMPANY Lt0d., Thermacor Process Inc., Knauf Insulation, Kingspan Group, Morgan Advanced Materials plc, Panasonic Holdings Corporation,KURABO INDUSTRIES LTD., TOYO ALUMINIUM K.K, Hitachi, Ltd., KANEKA CORPORATION and others

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