Vacuum Insulation Panels Market Size to Reach 4.99% CAGR During Forecast Period
Vacuum Insulation Panels Market is projected to grow from USD 6.38 billion in 2016 to reach USD 8.14 billion by 2021, at an estimated CAGR of 4.99% from 2016 to 2021. Growth in the construction as well as the logistics industries throughout the world has played a huge role in providing the necessary momentum to the vacuum insulation panels market, after the economic slowdown.
Complete report on Vacuum Insulation Panels Market spread across 214 pages, 10 profiling companies and supported with 176 tables and 53 figures is now available at http://www.rnrmarketresearch.com/vacuum-insulation-panels-market-by-core-material-type-silica-fiberglass-others-type-flat-special-shape-raw-material-silica-fiberglass-plastic-metal-others-application-construction-cooling-freezin-st-to-2021-market-report.html .
The silica-based vacuum insulation panels segment is projected to be the fastest-growing in the next five years. Vacuum insulation panels with silica as the core material last for more than 60 years. Further, the small size of pores of silica and very low heat conductivity of the silica powder make it ideal for building construction applications, apart from other application areas such as cooling & freezing devices and the logistics industry.
The market for vacuum insulation panels is also segmented based on region which includes North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific accounted for the largest share of the total demand generated by the global vacuum insulation panels market in 2015 because of the willingness of companies in the region to take up capital-intensive projects, along with the availability of technical expertise. The Asia-Pacific region is projected to be the fastest-growing market for vacuum insulation panels, during the forecast period, owing to the rising economy and the rapid growth in the infrastructure and consumer durables sectors.
In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted with key industry personnel. The break-up profile of primary discussion participants is given here Tier 1 (45%); Tier 2 (37%) and Tier 3 (18%) companies were contacted for interviews. The interviews were conducted with various key people such as C-Level (28%), Director Level (54%) and other (18%) from various key organizations. The primary interviews were conducted worldwide covering regions such as North America (44%), Europe (25%) and Asia Pacific (31%) .
The various suppliers of vacuum insulation panels and related products in the report are as Evonik Industries AG (Germany), LG Hausys Ltd. (Korea), Panasonic Corporation (Japan), Dow Corning Corporation (U.S.), OCI Company Ltd. (Korea), Kevothermal, LLC (Mexico), Porextherm Dammstoffe GmbH (Germany), ThermoCor (U.S.), Va-Q-Tec AG (Germany), Microtherm (Belgium)
Ask for a discount before order a copy of Vacuum Insulation Panels Market by Core Material Type (Silica, Fiberglass, others), Type (Flat, Special Shape), Raw material (Silica, Fiberglass, Plastic, Metal, others), Application (Construction, Cooling & freezing devices, Logistics, Others) — Forecast to 2021 at http://www.rnrmarketresearch.com/contacts/discount?rname=536192 .
The report offers market estimations and projections till 2021 and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.
On a related note, another research titled with Building Panels Market by Type (Concrete Panels, VIP, SIP, Wood Panel), Raw Material (Concrete, Plastic, Metal, Wood, Silica), End Use (Floors & Roofs, Walls, Columns & Beams, Staircase), Application (Residential & Non-Residential) — Forecast to 2021. Now available at http://www.rnrmarketresearch.com/building-panels-market-by-type-concrete-panels-vip-sip-wood-panel-raw-material-concrete-plastic-metal-wood-silica-end-use-floors-roofs-walls-columns-beams-staircase-application-residential-st-to-2021-market-report.html .
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