The Vacuum Insulation Panel Market size is estimated at USD 8.39 billion in 2024, and is expected to reach USD 10.92 billion by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).
The COVID-19 pandemic negatively impacted the market due to the shutdown of manufacturing facilities and plants due to the lockdown and restrictions. Supply chain and transportation disruptions further created hindrances for the market. However, the industry witnessed a recovery in 2021, thus rebounding the demand for the market studied.
The vacuum insulation panel market is fragmented in nature. The major players in this market (not in any particular order) include Evonik Industries AG, Panasonic Corporation, Dow, Knauf Insulation, and OCI Company Ltd, among others.
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