Global Aerogel Market Size, Share, Global Trends, Demand, Analysis, Opportunities, Segmentation and Forecast, 2013 - 2020

PORTLAND, Oregon, February 11, 2015 /PRNewswire/ --

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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High production cost is the primary restraining factor for this market, as the burden eventually slides towards the consumers. Moreover, the industries such as petroleum, construction, power generation, etc. are vulnerable to cross-boundary economic conditions and hence, the dependent markets such as aerogel face sales side pressure in adverse economic conditions. On the other hand, the global aerogel market has numerous opportunities in future. Due to its thermal protective performance, aerogel could be embedded in firefighter's protective gears. Moreover, due to its high heat resistance coupled with extremely lightweight, it could be used as apparels in the cold regions. Besides these, by having high surface area, carbon aerogel could be used for hydrogen and electrical energy storage.

Aerogel Raw Material Market Analysis 

Based on raw materials, the market is segmented into silicon, carbon, aluminium and other aerogel. In 2013, silica aerogel was the largest revenue-generating segment and this segment would experience substantial market growth in the coming years. Silica aerogel has a wide range of application that contributes to its market growth and they are building insulation, acoustic insulation, oil & gas, automotive thermal insulation, chemical, cryogenics, health care, and so on. Other aerogel is the fastest growing segment with a CAGR of 52.0% during the forecast period, largely due to smaller base

Aerogel Form Market Analysis 

Blankets, particles, blocks and panels are the major forms in which aerogel is currently being used. In 2013, blanket constituted the largest segment in the aerogel market and is expected to experience substantial growth in coming years. Panels segment is the fastest growing with a CAGR of 41.0% during the forecast period. Due to its lower thermal conductivity, aerogel panels are used in a wide range of applications such as skylights, sloped sunrooms, conservatories, greenhouses, curtain and interior walls, walkways and canopies. In addition to that, the recently launched polyurethane aerogel insulating panel is very thin and has an easy production process. This factor is triggering the growth of aerogel panels segment. 

Aerogel Application Market Analysis 

Aerogel have a number of applications such as building insulation, oil & gas, aerospace, automotive thermal management, health care, chemical, electronics, thermal & acoustic insulation, and such others. In 2013, building insulation application generated the largest revenue and this market would experience substantial market growth in coming years. Acoustic insulation application is the fastest growing application segment at a CAGR of 46.3% during the forecast period. The high porosity of aerogel dampens the sound velocity within it, resulting in high sound absorption capacity. This characteristic of aerogel promotes its use as an acoustic solution.  

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Key Market Segments 

Market By Raw Materials 

• Silica
• Carbon
• Alumina
• Others

Market By Form 

• Blankets
• Particles
• Blocks
• Panels

Market By Application 

• Building insulation
• Oil & gas
• Aerospace
• Automotive thermal management
• Industrial & cryogenics
• Other applications

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

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