Latin America Vacuum Insulation Panel Market Size & Outlook
The vacuum insulation panel market in Latin America is expected to reach a projected revenue of US$ 527.9 million by 2030. A compound annual growth rate of 3.9% is expected of Latin America vacuum insulation panel market from 2024 to 2030.
Revenue, 2023 (US$M)
$413.9
Forecast, 2030 (US$M)
$527.9
CAGR, 2024 - 2030
3.9%
Report Coverage
Latin America
Latin America vacuum insulation panel market highlights
- The Latin America vacuum insulation panel market generated a revenue of USD 413.9 million in 2023.
- The market is expected to grow at a CAGR of 3.9% 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.
Latin America data book summary
| Market revenue in 2023 | USD 413.9 million |
| Market revenue in 2030 | USD 527.9 million |
| Growth rate | 3.9% (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, Latin America region accounted for 5.0% 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 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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