The global Vacuum Insulation Panel (VIP) market was 790 million US$ in 2018 and is expected to 3480 million US$ by the end of 2025, growing at a CAGR of 20.4% between 2019 and 2025.
Los Angeles, CA -- (SBWIRE) -- 02/27/2020 -- Globally, vacuum insulation panel industry concentration is low and the manufacturing bases scatter around the globe. And the key manufacturers are mainly located in Europe, USA, Japan Korea and China. In China and Korea, the VIP history is relatively short, especially in Korea, the manufacturers started to produce VIP date from 2009, and in China, most manufacturers also produced VIP products after 2009.
The market has developed rapidly in the past several years, and the market demand is stable and it will have an enormous space for development in future, especially in developing countries, such as China, India and Southeast Asian Nations etc. Along with the power-saving and environmental -protection requirements of the world, it expected that the market demand will increase rapidly in the future.
Significant and lasting barriers make entry into this market difficult. These barriers include, but are not limited to: (i) product development costs; (ii) capital requirements; (iii) intellectual property rights; (iv) regulatory requirement; and (v) Transitions' unfair methods of competition.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The key manufacturers in this market include
Panasonic
LG Hausys
Fujian SuperTech
ThermoCor
Va-Q-Tec
Porextherm
Etex Group(Promat and Marley Eternit)
Kingspan Insulation
Kevothermal
Turna
Knauf Insulation
OCI Company
Weiaipu New Materials
Qingdao Creek
Yinxing Electric
By the product type, the market is primarily split into
Fiber Glass
Precipitated Silica
Fumed Silica
Other
By the end users/application, this report covers the following segments
Home Appliance
Building Material
Transport
Other
We provide detailed product mapping and analysis of various market scenarios. Our analysts are experts in providing in-depth analysis and breakdown of the business of key market leaders. We keep a close eye on recent developments and follow latest company news related to different players operating in the global vacuum insulation panel market. This helps us to deeply analyze companies as well as the competitive landscape. Our vendor landscape analysis offers a complete study that will help you to stay on top of the competition.
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