Highlight:
Aerogels are produced by a combination of silica, solvent, and the resulting product is formed by removing the water through supercritical drying process. They are extensively used in refrigeration, buildings & construction to impart heat resistance and durable nature to the final product. Moreover, they also provide reliability and versatility to the product.
The Global Aerogel Market is driven by the scope of its application in various sectors such as oil & gas, construction, transportation, performance coating, and others. Moreover, oil & gas segment is set to grow at a higher CAGR owing to the endless use of insulation materials in the sector.
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Intended Audience:
• Aerogel Market Manufacturers
• Traders and Distributors of Aerogel Market
• Production Process Industries
• Potential Investors
• Raw Material Suppliers
• Nationalized Laboratory
Industry Related News:
In, April 05, 2018 – The research team at the department of mechanical engineering, NUS Engineering (Singapore) introduced the new material – cotton aerogel that they have developed using cotton-based fabric waste, like unwanted clothing. These materials are highly compressible, stronger and suitable for mass production hence, the production, storage, and transportation costs could be significantly reduced. Furthermore, the time span taken for manufacturing these cotton aerogel is merely eight hours and can be used for effective haemorrhage control and heat insulation.
Segmentation:
The Aerogel Market is segmented into the form, type, processing, and application.
The market by form is sub-divided into blanket, panel, particle, and monolith segments.
On the basis of the type, the market is segregated into silica, polymer, and carbon segments.
By the processing is classified as composites, virgin, and additives segments.
Basis on application is bifurcated into oil & gas, construction, transportation, performance coating.
Regional Insight:
Geographically, Aerogel Market is segmented across five regions in the world namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Among these, North America holds a majority of the market share due to advantages offered by the product and growing need for high performance insulation materials in major industries.
Asia Pacific is set to expand at a significant rate owing to growing demand for Aerogel in construction, furniture, textiles, and other sectors. In this region, the manufacturers and investors are shifting their focus from heavy materials to lighter products in end-use applications.
The enactment of new rules and regulations to use aerogel product in pipelines instead of steel has driven the market in the European region.
Global Competitors:
Some of the prominent players operating in the Global Aerogel Market are; BASF SE (Germany), Aspen Aerogels, Inc. (U.S.), Cabot Corporation (U.S.), Aerogel Technologies, LLC (Germany), Nano High-Tech Co. Ltd. (China), Guangdong Zhaoqing L&V Co. Ltd. (China), Active Aerogels (Portugal), Enersens SAS (France), JIOS Aerogel Limited (U.S.), and Svenska Aerogel AB (Sweden).
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