MARKET INSIGHTS
Global vacuum insulation board market reached USD 678.9 million in 2024, and is poised to grow to USD 1,211.4 million by 2032, reflecting a 7.5 % CAGR. The next decade will see the segment expand from USD 729.3 million in 2025 to an estimated USD 1,300 million by 2034.
Vacuum insulation boards (VIBs) combine a rigid core with an airtight envelope and a vacuum, delivering thermal conductivities as low as 0.004 W/(m·K). Their compactness and high R‑value make them ideal for building envelopes, refrigeration, and temperature‑critical transport.
Regulatory momentum in Europe and North America, coupled with a surge in demand for green construction materials, fuels the market. Nonetheless, the premium cost of manufacturing and installation remains a hurdle. Innovations in core materials—fumed silica, fiberglass composites—help trim thickness while boosting performance. Panasonic and LG Hausys, for example, expanded VIB capacities in 2024 to meet construction demand.
Global Vacuum Insulation Board Market – View in Detailed Research Report
Top 10 Companies in the Global Vacuum Insulation Board Market (2026)
10️⃣ 1. SGL Group
Headquarters: Germany
Key Offering: High‑performance VIBs for building envelopes and industrial insulation
SGL Group has positioned itself as the benchmark for VIB quality. Its advanced material science unit has secured a 15 % production increase in 2024, aligning supply with the rapid uptake in European green‑build projects.
Sustainability & Growth: The company has rolled out a new line of recyclable aluminum laminate facings, cutting embodied carbon by 25 % and meeting LEED and BREEAM criteria.
- 15 % capacity expansion (2024)
- Recyclable facings launch (2023)
- Partnerships with passive‑house certifiers
9️⃣ 2. Sekisui Pilon
Headquarters: Japan
Key Offering: Nano‑core VIBs for refrigeration and cold‑chain logistics
With three patents granted in Q1 2024, Sekisui Pilon is at the forefront of core‑material research, offering 20 % higher R‑values in the same thickness.
Sustainability & Growth: Strategic alliances with Asian cold‑chain operators have expanded market share in China and India.
- Three new nano‑core patents (2024)
- Cold‑chain partnership network
- Targeted R&D for moisture‑resistant barriers
8️⃣ 3. Lydall Company
Headquarters: United States
Key Offering: Eco‑friendly VIBs with reduced embodied carbon
Early‑2025 saw Lydall unveil a formulation that lowers embodied carbon by 30 % compared to conventional boards, a milestone that reshapes competitive expectations.
Sustainability & Growth: The new line supports circular‑economy mandates across North America and Europe.
- 30 % carbon reduction (2025)
- Eco‑friendly certification (2024)
- Expansion into commercial HVAC
7️⃣ 4. Danaher Corporation
Headquarters: United States
Key Offering: Integrated VIB solutions for automotive and industrial sectors
Danaher’s acquisition of a German specialty‑materials firm in 2024 added critical IP, positioning it to supply VIBs for high‑temperature industrial processes.
Sustainability & Growth: The company is investing in high‑temperature core research to unlock new markets.
- Strategic acquisition (2024)
- High‑temperature core R&D (ongoing)
- Partnerships with automotive OEMs
6️⃣ 5. ELRINGKLINGER
Headquarters: Germany
Key Offering: VIBs for construction and temperature‑controlled storage
ELRINGKLINGER’s joint venture with a Chinese manufacturer has expanded access to the booming Asia‑Pacific construction market.
Sustainability & Growth: The venture focuses on low‑energy‑intensity production processes.
- China joint venture (2024)
- Low‑energy manufacturing focus
- Targeted expansion into Gulf countries
5️⃣ 6. Panasonic
Headquarters: Japan
Key Offering: VIBs for building envelopes and HVAC systems
Panasonic’s 2024 capacity increase aligns with the surge in green‑building projects across Europe.
Sustainability & Growth: The company is integrating recycled core materials into its product line.
- Capacity expansion (2024)
- Recycled core integration (2023)
- Partnerships with LEED certifiers
4️⃣ 6. LG Hausys
Headquarters: South Korea
Key Offering: VIBs for commercial construction and refrigeration
LG Hausys has leveraged its manufacturing footprint to deliver VIBs that meet the stringent European energy codes.
Sustainability & Growth: The firm is exploring bio‑based core materials to reduce its carbon footprint.
- Manufacturing footprint expansion (2024)
- Bio‑based core research (ongoing)
- Strategic alliances with HVAC suppliers
3️⃣ 7. Thermal Control Products
Headquarters: United States
Key Offering: VIBs for refrigeration and cold‑chain transport
Thermal Control Products has carved out a niche in the logistics sector, offering VIBs that reduce energy consumption in refrigerated containers.
Sustainability & Growth: The company has introduced fire‑retardant VIB variants for hazardous material transport.
- Fire‑retardant line launch (2023)
- Partnerships with logistics providers
- Focus on moisture‑resistant cores
2️⃣ 8. Nippon Gasket
Headquarters: Japan
Key Offering: VIBs for industrial and aerospace applications
Nippon Gasket’s high‑temperature VIBs support aerospace and high‑performance industrial equipment.
Sustainability & Growth: The firm is investing in barrier‑film technology to extend product life.
- High‑temperature VIB line (2024)
- Barrier‑film R&D (ongoing)
- Partnerships with aerospace OEMs
1️⃣ 9. Federal‑Mogul Corporation
Headquarters: United States
Key Offering: VIBs for automotive and industrial sectors
Federal‑Mogul’s VIBs are used in battery thermal management for electric vehicles, a rapidly expanding segment.
Sustainability & Growth: The company is advancing lightweight core technologies to reduce vehicle weight.
- EV battery thermal line (2023)
- Lightweight core development (ongoing)
- Collaboration with EV OEMs
0️⃣ 10. Global ThermoTech
Headquarters: United Kingdom
Key Offering: VIBs for building retrofits and high‑performance insulation
Global ThermoTech specializes in retrofit‑friendly VIBs, enabling energy upgrades without major structural changes.
Sustainability & Growth: The firm is launching flexible VIB panels that can be installed on existing walls.
- Retrofit‑friendly line (2024)
- Flexible panel technology (ongoing)
- Partnerships with renovation contractors
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Market Outlook
Energy‑efficiency mandates and the expanding cold‑chain sector will sustain demand for VIBs through 2034. The shift toward electric vehicles and building retrofits will open new revenue streams, while cost pressures will keep the market competitive.
Future Trends
- Hybrid VIBs combining aerogel and vacuum for higher R‑values in thinner profiles.
- Bio‑based core materials that lower embodied carbon while maintaining performance.
- Smart‑building integration, with sensors embedded in VIB panels to monitor temperature and integrity.
- High‑temperature VIBs for industrial processes, driven by research into advanced barrier films.
- Global supply‑chain resilience, with diversification of core‑material suppliers to mitigate disruptions.
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