Demand for Vacuum Insulated Panels (VIPs) Dropped Sharply in 2020 and Expected to Rebound Significantly in 2021 - Market Report by Industry Experts, Inc.
Industry Experts, Inc. released an updated 2021 version of the market research report " Vacuum Insulation Panels (VIPs) – A Global Market Overview ". As per the new report, VIPs demand in cold chain logistics is projected to post the robust growth in 2021, particularly due to COVID-19 Pandemic, as the pharmaceutical products need the sophisticated thermal packaging. The market development of VIPs has been largely impacted by the evolution in regulations set for energy efficiency in buildings, refrigerators, hot water storage systems and automobiles. Refrigeration manufacturers are increasingly employing VIPs for achieving optimum energy efficiency. Cold chain logistics for pharmaceutical products is also under intense regulatory scrutiny, which has increased the need for reliable and high performance thermal packaging, which has boosted the market for VIPs. The impact of COVID-19 pandemic on vacuum insulation panels (VIPs) demand is expected to differ in intensity dependin...