Vacuum Insulation Panels Market Outlook, Opportunity and Demand Analysis.

Vacuum Insulation Panels Market Report, published by Allied Market Research, forecasts that the global market was valued at $5,220 million in 2015, and is expected to reach $8,829 million by 2022, growing at a CAGR of 7.9% from 2016 to 2022.

The construction segment was the highest revenue contributor to the market in 2015. The Asia-Pacific region held the leading position, both in terms of value & volume, in 2015, and is expected to grow at the highest rate during the study period.

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A vacuum insulated panel (VIP) is a form of insulation that contains a gas-tight enclosure. The enclosure surrounds the rigid core, from which the gases has been emptied. The construction segment accounted for highest share of the market in 2015, owing to the highest consumption of vacuum insulation panels in residential & underground construction. China, Japan, Korea, and India are the major revenue contributors in the Asia-Pacific region.