The global market for vacuum insulation panels 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 global vacuum insulation panels market spread across 214 pages profiling more than 10 companies and supported with 176 tables and 50 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.
The various suppliers of vacuum insulation panels and related products in this report such 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) and Microtherm (Belgium). 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 research report at http://www.rnrmarketresearch.com/contacts/discount?rname=536192 .
Primary interviews were conducted with a number of industry experts in order to collect data related to different aspects of vacuum insulation panels. The distribution of primary interviews is as follows:
By Company Type: Tier 1 – 45%, Tier 2 – 37%, and Tier 3 – 18%
By Designation: Director Level – 54%, C level – 28%, others – 18%
By Region: North America – 44%, Asia-Pacific – 31%, Europe – 25%
On a related note, another report on Heavy Construction Equipment Forecast to 2020 says, the global heavy construction equipment market is estimated to exhibit a lucrative growth potential of about 6.80% for the next five years. The Asia-Pacific market will register highest growth by 2020 owing to the significant investments being made for construction activities in the region. Excavation and demolition is projected to dominate the global heavy construction equipment market application between 2015 and 2020. Companies like Caterpillar Inc., CNH Global N.V., Hyundai Heavy Industries Co., Ltd., Volvo Construction Equipment AB, JCB Ltd., Komatsu Ltd. and Deere & Company have been profiled in this 232 pages research report available at http://www.rnrmarketresearch.com/heavy-construction-equipment-market-by-types-earthmoving-material-handling-heavy-construction-vehicles-others-application-areas-infrastructure-commercial-residential-and-geography-global-market-report.html .
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