Invention of Aerogel is a result of combined research and development in material science and technology. Aerogel is derived by replacement of the liquid component of the gel with a gas. It is mesoporous solid foam; composed of an interconnected nanostructure network that exhibits minimum 50% porosity. Though being solid, it is an extremely porous material and is lightweight. Its low thermal conductivity feature makes it a perfect material to be used as building insulator. Moreover, aerogel sponge can be recycled after being used in oil spills application, which signifies its eco-friendly and cost effectiveness. These features create options for its usage in many verticals such as oil & gas, aerospace, healthcare, electronics, building insulation, and such others. The global aerogel market was valued at $221.8 million in 2013 and it is estimated to reach $1,896.6 million by 2020, growing at a CAGR of 36.4% during the forecast period (from 2014 – 2020). With ongoing advancements in innovation of the materials and discovery of new application areas, market is expected to build more strength with time.
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Aerogel is chiefly referred as a strong insulator, with its better thermal insulation capacity than conventional alternatives. However, due to relatively higher prices, its mass adoption was limited to sophisticated applications in oil & gas industry and aerospace.
Silica, carbon, and alumina have been the prime sources of manufacturing aerogel where others (polymer, chalcogels, and seagels) are scarcely being used. Others aerogel segment is anticipated to grow at a CAGR of 52% during the forecast period. The substantial growth of other types is mainly attributed to polymer aerogel, which is emerging as an efficient and cost effective heat insulator. The aerogel has its application in building insulations, oil & gas, acoustic, aerospace, chemical, electronics, healthcare, automotive thermal management and others. The others segment includes applications in agriculture, cryogenics, apparels and power generation.
Geographically, the market is segmented into North America, Asia-Pacific, Europe, Latin America & Africa, and Middle East. Though North America currently leads the global market, Europe will outperform North America in terms of revenue.
Table Of Content:
Chapter 1. Introduction
Chapter 2. Executive Summary
Chapter 3. Market Overview
Chapter 4. Global Aerogel Market By Raw Material
Chapter 5. Global Aerogel Market By Forms
Chapter 6. Global Aerogel Market By Applications
Chapter 7. Aerogel Market By Geography
Chapter 8. Company Profile
Global Aerogel Market (Form, Application, Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 – 2020
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