Middle East & Africa Vacuum Insulation Panel Market Size & Outlook
The vacuum insulation panel market in Middle East & Africa is expected to reach a projected revenue of US$ 671.7 million by 2030. A compound annual growth rate of 4.5% is expected of Middle East & Africa vacuum insulation panel market from 2024 to 2030.
Revenue, 2023 (US$M)
$506.2
Forecast, 2030 (US$M)
$671.7
CAGR, 2024 - 2030
4.5%
Report Coverage
Middle East & Africa
MEA vacuum insulation panel market highlights
- The MEA vacuum insulation panel market generated a revenue of USD 506.2 million in 2023.
- The market is expected to grow at a CAGR of 4.5% from 2024 to 2030.
- In terms of segment, silica was the largest revenue generating core material in 2023.
- Silica is the most lucrative core material segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 506.2 million |
| Market revenue in 2030 | USD 671.7 million |
| Growth rate | 4.5% (CAGR from 2024 to 2030) |
| Largest segment | Silica |
| Fastest growing segment | Silica |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Silica |
| Key market players worldwide | Evonik Industries AG, LG Hausys, Panasonic Holdings Corp, Dow Inc, OCI International Holdings, Kevothermal, Porextherm Dämmstoffe, va-Q-tec AG, Microtherm |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.1% of the global vacuum insulation panel market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,916.2 million by 2030.
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Vacuum Insulation Panel Market Scope
Vacuum insulation panel market segmentation & scope
Product
Flat
Special Shape
Raw Material
Plastics
Metals
Application
Construction
Cooling & Freezing Devices
Logistics
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Denmark
Norway
Sweden
Australia
China
India
Japan
South Korea
Thailand
Saudi Arabia
South Africa
UAE
Kuwait
Brazil
Argentina
Vacuum Insulation Panel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Microtherm | View profile | 101-250 | Pforzheim, Baden-Wurttemberg, Germany, Europe | https://www.microtherm.de/en/ |
| Porextherm Dämmstoffe | View profile | 101-250 | Kempten, Rheinland-Pfalz, Germany, Europe | http://www.porextherm.com/en.html |
| Kevothermal | View profile | 11-50 | Moreton On Lugg, Herefordshire, United Kingdom, Europe | https://www.kevothermal.co.uk |
| OCI International Holdings | View profile | 11-50 | Admiralty, Hong Kong Island, Hong Kong, Asia | http://www.oci-intl.com/ |
| LG Hausys | View profile | 501-1000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | http://www.lghausys.co.kr |
| va-Q-tec AG | View profile | 646 | Alfred-Nobel-Strasse 33, Wurzburg, BY, Germany, 97080 | https://www.va-q-tec.com |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
| Panasonic Holdings Corp | View profile | 230025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | https://holdings.panasonic |
| Evonik Industries AG | View profile | 33409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | https://www.evonik.com |
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