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VIP Board Market Research Report published by QYResearch quoted on 10 April by Fujian Saitech New Material Co.

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Domestic and overseas policy catalyst, VIP board penetration rate is expected to increase: according to QY Research, 2022 global VIP board sales of about 1.7 billion U.S. dollars, of which Europe accounted for 40%, China and the United States accounted for more than 45%. VIP demand drivers include 1) domestic: in 2020, China's VIP board refrigerator penetration rate of only 3%, the state subsidy continuation of the new regulations will be revised in 2025, catalytic VIP replacement of traditional materials; 2) overseas: global energy efficiency indicators tend to tighten, the European Union 2024/4 requires refrigerated appliances to meet the latest energy efficiency indicators. VIP replacement of traditional materials; 2) Overseas: the global energy efficiency indicators tend to tighten, the EU 2024/4 onwards, the requirements of refrigerated appliances are up to the latest energy efficiency indicators. VIP board insulation performance is superior, space-saving, substitutes (such as aerogel) higher prices and different application scenarios, short-term can not replace the VIP.

Source: Sina Finance
More: http://stock.finance.sina.com.cn/stock/go.php/vReport_Show/kind/company/rptid/797646836009/index.phtml
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