LONDON, June 6, 2016 /PRNewswire/ -- This BCC Research report provides an updated review of the important advances in aerogel technology and fabrication processes, and supplies a detailed overview of the current market and an analysis of prospects for future growth. Forecast provided through 2020.
Use this report to:
Gain insight into aerogel technology, including materials and fabrication processes, and identify current and emerging applications for aerogels.
Assess global market data for aerogel and aerogel-based products by different market segments, materials, properties, applications and region.
Evaluate global market trends for aerogel based products, and their latest technological developments.
Identify U.S. patents with a summary of patents related to aerogel materials, formulations, fabrication processes and applications.
The global market for aerogel-based products reached $186.8 million in 2014 and $213.6 million in 2015. The market should reach $612.4 million in 2020, demonstrating a compound annual growth rate (CAGR) of 23.4% from 2015 to 2020.
The thermal and acoustic insulation sector reached $178.4 million in 2015. The market should reach $504.5 million in 2020 at a CAGR of 23.1% from 2015 to 2020.
The life science and personal care sector reached $20.0 million in 2015 and should reach $32.7 million in 2020, growing at a CAGR of 10.3% from 2015 to 2020.
STUDY GOALS AND OBJECTIVES
BCC Research has tracked the aerogel market since 2004, reporting on all the latest developments. During this period the market has expanded by over a factor of ten, as aerogel products become more favorably priced, material properties are improved to better meet the requirements of practical applications, and new market opportunities are created for these products.
With this study BCC Research continues its commitment to monitoring the aerogel market, by providing an updated review of the most important advances in aerogel technology and fabrication processes, and supplying a detailed overview of the current market, including an objective analysis of prospects for future growth.
Specifically, the major objectives of this study are:
To provide an updated review of aerogels, including a description of their types and fabrication technologies.
To highlight new technological developments in aerogel manufacturing, while outlining current technical issues.
To review existing fields of application for aerogels and investigate emerging applications.
To estimate current global markets for aerogels based on shape, materials, application and region, with growth forecasts through 2020 for each market segment.
To identify important technology and industry trends within each market segment.
To offer an updated review of current industry players, including producers of aerogels, manufacturers of equipment for aerogel production, technology developers and future market participants.
To provide a description of the most relevant research and development activities.
To determine trends in recently issued U.S. patents.
REASONS FOR DOING THIS STUDY
Aerogels are ultra-light materials with a nanoporous structure. Although the first aerogel was produced in the early 1900s and commercialization started in the 1940s, the aerogel market started to take off during the 1980s, with the introduction of processes and products that decreased the hazards and costs related to aerogel manufacturing.
Today, aerogels are produced in various shapes (powders, microspheres, granules, beads, monoliths, sheets, blankets, rolls and coatings) to satisfy the requirements of different industrial sectors, such as thermal and acoustic insulation, electronics, chemical and environmental, medical, biological, pharmaceutical and personal care, among others.
At the time of BCC Research's last report (early 2013), the global market for aerogels was valued at $137.5 million for all of 2012 and growing at a healthy rate. Since then, sales of aerogels have increased to reach between 3% and 4% of the global market for nanoporous materials, which are estimated to be valued at over $6 billion in 2015, and they currently represent the fastest-growing segment within this market.
The principal reason for this report is to present a current assessment of the aerogel industry from both a technological and market point of view, and to outline future trends and key developments.
There is also a need to evaluate the current status and future trends of this market from a global standpoint. As the use of aerogel-based products expands and new fields of application emerge, information on suppliers and developers of these products and their regional distribution becomes more valuable.
An equally important reason for undertaking this report is to provide technical insights into aerogel manufacturing by:
(Providing a review of aerogel types, their applications and fabrication technologies.
-Identifying current technological trends.
Providing an overview of the main global R&D activities related to aerogels, resulting in the issuance of patents.
-Illustrating the latest technological developments.
This information can assist companies in identifying opportunities for process and productivity improvements and new product development, resulting in a positive impact on future market growth.
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