Lucintel's latest market report analyzed that vacuum insulation panel provides attractive opportunities in the construction, cooling & freezing devices, and logistics end use industries. The vacuum insulation panel market is expected to reach $XX billion by 2028 with a CAGR of 4% to 6%. In this market, metals is the largest segment by raw material, whereas construction is largest by end use industry. Rapid industrialization and urbanization, increasing global warming, and investment in infrastructure development provides strategic growth path in this market.
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Based on raw material, the vacuum insulation panel market is segmented into plastics and metals. The metals segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the increasing demand for insulated panel in the construction industry and growing need for refrigerated & processed foods.
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The Vacuum Insulation Panel Market is marked by the presence of several big and small players. Some of the prominent players offering vacuum insulation panel include Evonik Industries, LG Hausys, Panasonic Corporation, BASF, Rockwool International, Kingspan Group, DOW Corning Corporation, Thermocor, and Microtherm.
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