Vacuum Insulation Panels Companies

The Vacuum Insulation Panels (VIP) market shows remarkable growth driven by VIPs' unparalleled thermal insulation performance, leading to significant energy savings in buildings, cold chain logistics, and transportation. With rising energy costs and stricter building regulations, VIPs are gaining traction across various application segments, creating a dynamic and competitive market landscape.

Market Share Drivers:

• Product Innovation: Companies like BASF, Owens Corning, and Kingfa are constantly innovating, developing new core materials and barrier technologies to improve thermal performance, reduce costs, and expand application possibilities.


• Regional Demand: Europe holds the largest market share due to stringent energy regulations and a strong focus on green buildings. Asia-Pacific is the fastest-growing region, fueled by rising disposable incomes and infrastructure development.


• Application Diversification: Traditionally used in building and construction, VIPs are now finding their way into transportation, appliances, and pharmaceutical packaging, creating new avenues for growth.


• Sustainability Focus: With their superior insulation properties, VIPs contribute to reduced energy consumption and carbon emissions, aligning with the growing sustainability trend.

Strategies Adopted by Players:

• Specialization: Some players like Evonik and Saint-Gobain focus on specific core materials or applications, offering expertise and a tailored product portfolio.


• Vertical Integration: Leading manufacturers like ThermoCor and Porextherm are integrating upstream and downstream operations, securing raw materials and controlling costs.


• Strategic Partnerships: Collaboration between established players and emerging startups is fostering innovation and accelerating market penetration.


• Geographic Expansion: Companies are actively entering new markets like China and India, capitalizing on the burgeoning demand.

List of Key Players in the Vacuum Insulation Panels Market

• Evonik Industries AG (Germany)


• LG Hausys Ltd. (Korea)


• Panasonic Corporation (Japan)


• Dow Corning Corporation (U.S.)


• OCI Company Ltd. (Korea)


• Kingspan Insulation LLC (U.S.)


• ThermoCor


• Porextherm Dämmstoffe GmbH


• Vacutherm Ltd. (U.K)


• Hanita Coatings RCA Ltd

Recent Developments:

July 2023: A consortium of universities and research institutes receives EU funding to develop novel vacuum insulation technologies for ultra-low energy buildings.

September 2023: A major fire incident in a logistics center raises concerns about the fire safety of VIPs, prompting industry players to invest in improved fire-resistant materials and safety protocols.

November 2023: The launch of a dedicated online platform for VIP manufacturers and suppliers facilitates B2B collaboration and improves market transparency.

December 2023: A report by a leading market research firm predicts a surge in demand for VIPs in the Asia-Pacific region, driven by rapid urbanization and government initiatives for green buildings.