Global Aerogel Market Size & Analysis, Industry Forecast Report, 2025 (Includes Business Impact of COVID-19)

  • TBI646012
  • August 01, 2019
  • Global
  • 132 pages
  • HCCResearch
                                              

Abstract, Snapshot, Market Analysis & Market Definition: Global Aerogel Market

The global aerogel market size was estimated at USD 538.14 million in 2016 and is projected to expand at a CAGR of 22.6% during the forecast period. Factors such as efficient thermal resistance and lighter and thinner alternatives to conventional insulations are major growth drivers for the market. Industries such as oil and gas, building and construction, automotive, and aerospace and marine are prominent end users. Increasing demand for improved thermal insulation is expected to drive the market over the forecast period. The building and construction industry is expected to be one of the key end-use segments in the market, especially with the recovery of several markets in developed regions. Buildings consume a large amount of energy; for instance, 16.6% of the overall energy in U.S. is utilized in heating and cooling of buildings. Aerogel is used in buildings for super-insulating windows, skylights, solar collector covers, and specialty windows. Continuous changes in the environmental landscape and stringent regulations have resulted in increased focus on and rising demand for insulated systems in industrial applications. Fabrication, construction, and operation of pipelines and other systems require a versatile insulation material that can provide best thermal insulation. Compared to traditional insulation materials such as polyurethane foam, mineral wool, perlite, and cellular glass, this product offers much higher thermal efficiency with the same thickness. Researchers are continuously engaged in finding low-cost and thinner alternatives for insulation. The weight of insulation material reduces with reduction in thickness. In the building and construction industry, thinner insulation materials offer benefits such as additional floor area and increased loading capacity. Some regulatory bodies have also laid down regulations for commercial buildings. The U.K. government’s “Building Regulations Part L2A 2013”, which came into effect in April 2014, has imposed 12% reduction in carbon emissions. Buildings in Wales and Scotland that are constructed after October 1, 2015 require an aggregate uplift of 43%. This has created a high demand for thinner materials as thicker variants will result in loss of floor space.

Market Segmentation, Outlook & Viewpoint: Global Aerogel Market

Product Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025) Silica Polymer Carbon Others Form Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025) Blanket Particle Panel Monolith End-use Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025) Oil & Gas Building & Construction Automotive, Aerospace & Marine Performance Coatings Others Technology Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025) Supercritical Drying Other Drying

Key Players, Recent Developments & Regional Insights: Global Aerogel Market

Phenolics, polyureas, polyurethanes, polyimides, and polyamides are the major polymers used in the production process. Polymers are known to reduce product prices to a large extent, which may result in new opportunities for various applications. Companies such as Svenska Aerogel are working to develop new technologies to significantly reduce aerogel prices. Carbon products are considered as the lightest materials and are electrically conductive. The product is expected to be an ideal material for pollution control, water purification, and air purification. Players in the market are continuously trying to explore new application areas, which in turn, is resulting in segment growth. Technology Insights Supercritical drying is a process based on pressurizing and heating liquid solvent to its critical point. At this temperature, the supercritical fluid can be easily removed from the material pores by depressurizing the fluid in isothermal conditions. This can be done in two ways: by venting the solvent from supercritical stage or through solvent exchange with a second solvent. Supercritical drying is widely used in the production of silica aerogels, thereby, supplementing demand. Supercritical drying can be performed at low as well as high temperatures. Drying at high temperatures is the traditional way and is most commonly utilized in the industry. The material dried through high temperature possesses highly hydrophobic behavior owing to high critical temperature of various organic solvents used in sol gel chemistry.

Regional Insights

Aerogel blankets form a key segment in the North America market. Blankets are used in end-use applications such as building and construction, apparel, and industrial insulation. Favorable properties of this product include water repellence, which adds to its demand in these end-use markets. In residential and commercial buildings, aerogel insulation panels are used for daylighting and cavity-filling applications. Europe, the second-largest regional segment, accounted for a share of 17.4% in the global market in 2016, driven primarily by the building and construction industry. Aerogel Market Share Insights Major companies in the global market include Aspen Aerogels, Inc.; Cabot Corporation; Aerogel Technologies LLC; Nano High-Tech Co., Ltd.; Active Aerogels; Dow Corning Corporation; BASF SE; and American Aerogel Corporation. Aspen Aerogels and Cabot Corporation hold significant shares in the global arena on account of their patented technologies. U.S.-based Aspen Aerogels, Inc. is engaged in development and manufacturing of thermal management solutions for the insulation market. In October 2015, it announced the expansion of its production facility at Rhode Island, U.S. The new facility was designed to significantly increase the company’s production capacity.

Key Insights Covered: Global Aerogel Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Aerogel industry. 2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Aerogel industry. 3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Aerogel industry. 4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Aerogel industry. 5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Aerogel industry.

Research Methodology: Global Aerogel Market

  • Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  • Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  • Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other

Table of Contents
Chapter 1 Methodology and Scope
 1.1 Research Methodology
 1.2 Research Scope & Assumptions
 1.3 List of Data SourcesChapter 2 Executive Summary
 2.1 Market SummaryChapter 3 Aerogel Market Variables, Trends, and Scope
 3.1 Market segmentation and scope
 3.2 Penetration and growth prospect mapping
 3.3 Value chain analysis
 3.4 Regulatory framework
 3.5 Technological overview
     3.5.1 Manufacturing Process - An overview
 3.6 Aerogel market dynamics
     3.6.1 Market driver analysis
         3.6.1.1 Increasing demand for efficient thermal resistance
         3.6.1.2 Thinner a
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