The report on the Global Aerogels Market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of a comprehensive research. The report gives a complete market analysis for the forecasted period from 2020 to 2026. The market is divided into various segments with an in-depth outlook of the competitors and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.
Aerogel is a permeable ultralight component that is synthetic in nature. This mesoporous composite material derived from gel is a liquid component that is replaced with a gas. It contains more than 95% air and silica or any other material particles suspended in three-dimensional porous structure. They are extremely porous, low density, lightweight and low thermal conductivity. This feature makes them suitable in various applications that require lightweight and low thermal conductivity such as insulation in petrochemical, construction, and aerospace industries.
The aerogel market is segmented by products as silica aerogels, metal oxide aerogels, carbon aerogels and others (including polymer aerogels, etc.). Silica aerogel had the largest market share and is projected to dominate the global market during the forecast period. The factors such as its high insulating properties, cheap and abundant raw material availability contribute to its dominance. The aerogel market is segmented by end user as construction, oil & gas, transportation, electronics and others (including pharmaceutical, etc.). Oil & gas segment dominates the aerogel market. The increasing demand for advanced insulation materials for its critical applications is expected to sustain the growth for oil & gas segment of aerogel market in the coming years.
The key drivers influencing the growth of aerogels market is growing demand in oil & gas and construction industries. The advancements and innovations in technology and usage in newer application areas is also expected to boost the market. The high demand in the transportation industry is expected to be a major opportunity for aerogels in the next few years. The key constraints of this market are high production cost and volatility of end user industries. The availability of cheaper substitutes is also hampering the market growth.
North America is the largest consumer and producer of aerogel. The factors influencing the same are presence of strong innovation and technology in developed countries.
The key players operating in this market are:
- Cabot Corporation
- Aspen Aerogels, Inc.
- Aerogel Technologies
- LLC
- IOS Aerogel Limited
- Surnano Aerogel Co. Ltd
- Svenska Aerogel AB
- Green Earth Aerogel Technologies
- BASF SE
- Guangdong Alison Hi-Tech Co. Ltd.
- Ocellus, Inc.
SEGMENTATIONS IN REPORT:
Aerogels Market By Product
- Silica Aerogels
- Metal Oxide Aerogels
- Carbon Aerogels
- Others (Including Polymer Aerogels, Etc.)
Aerogels Market By End-User
- Construction
- Oil & Gas
- Transportation
- Electronics
- Others (Including Pharmaceutical, Etc.)
Aerogels By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East And Africa
The Global Aerogels Market has been exhibited in detail in the following chapters -
Chapter 1 Aerogels Market Preface
Chapter 2 Executive Summary
Chapter 3 Aerogels Industry Analysis
Chapter 4 Aerogels Market Value Chain Analysis
Chapter 5 Aerogels Market Analysis By
Product
Chapter 6 Aerogels Market Analysis By End-User
Chapter 7 Aerogels Market Analysis By Geography
Chapter 8 Competitive Landscape Of Aerogels Companies
Chapter 9 Company Profiles Of Aerogels Industry