DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Vacuum Insulation Panels Market 2017-2021" report to their offering.
The global vacuum insulation panels market to grow at a CAGR of 5.01% during the period 2017-2021.
Global Vacuum Insulation Panels Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the sales of vacuum insulation panels.
Vacuum insulation panels (VIPs) are high-performing, ultra-thin insulants. These panels enhance energy efficiency and provide space benefits for housing appliances, refrigerated transportation systems, temperature-controlled packaging, and other applications. VIPs are composed of a core material and an envelope. VIPs are good thermal insulators reduce energy consumption. These are used in various applications, including roofing, doors, vehicles, refrigerators, and others.
According to the report, one of the major drivers for this market is increased urbanization and investment on infrastructure development. The growth in urbanization and increased investments in infrastructure development is driving the global VIPs market. These panels are used for various building and construction applications, including roofs, doors, windows, walls, and others for thermal insulation.
The latest trend gaining momentum in the market is price and materials trends. The price of VIPs is dropping continually, and it is expected that the cost of these panels will reach USD 3-$4 by the end of the forecast period. Research organizations are trying to develop a foam board insulation that achieves R-12 per inch and is cost-effective.
- Dow Corning
- LG Hausys
- Sealed Air
Other prominent vendors
- CSafe Global
- Morgan Advanced Materials
- Thermal visions
For more information about this report visit http://www.researchandmarkets.com/research/8vw2pj/global_vacuum