Aerogel is a porous, solid material that exhibits high thermal resistance, low density, low optical index of refraction, low dielectric constant, high degree of porosity, high specific surface area, and superlative thermal, acoustic, and impact damping properties.
Global demand for aerogel is projected to reach $547.9 million by 2019. The growth will be driven by the increasing demand for aerogel from oil & gas and construction applications. The North American region remains the largest market for aerogel, followed by Asia-Pacific. The Europe market is estimated to be the key growth area due to economic recovery in the region along with the increasing concern for the building insulation and energy savings.
Oil & gas is the major application for the aerogel market with around 74.5% of the market share in 2013. Automotive, marine, & aerospace application of aerogel is expected to have the highest growth among the applications between 2014 and 2019. Blanket aerogel is anticipated to be the largest segment for aerogel market by form in 2019. Particle form is estimated to grow at the fastest rate between 2014 and 2019. Silica aerogel is estimated to be the biggest aerogel market and is expected to continue its dominance by 2019 as it is the only type of aerogel material to be commercially available.
This report estimates the aerogel market for 2014, and projects its expected market size till 2019. It also provides a detailed qualitative and quantitative analysis of the aerogel market. Various secondary sources, such as encyclopedia, directories, and databases are used to identify and collect information that is useful for this extensive commercial study. The primary sources experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of the aerogel market.
Competitive scenarios of the top players in the aerogel market have been discussed in detail. We have also profiled the leading players of this industry with their recent developments and other strategic industry activities. These top companies include Aspen Aerogels Inc. (U.S.), Cabot Corporation (U.S.), Aerogel Technologies LLC (U.S.), Nano High-Tech Co. Ltd. (China), Guangdong Alison Hi-Tech Co. Ltd. (China), Active Aerogels (Portugal), Enersens SAS (France), JIOS Aerogel Corporation (South Korea) and BASF SE (Germany).
Scope of the report
This research report categorizes the global market for aerogel on the basis of type, form, processing, application, and region along with forecasting volume, value, and analyzing trends in each of the submarkets.
On the basis of type: The aerogel market is segmented on the basis of type, such as silica, polymer, carbon, and others. Each type is further described in detail in the report with volume and value forecasts.
On the basis of form: The aerogel market is segmented on the basis of form, such as blanket, panel, particle, and monolith. Each form is further described in detail in the report with volume and value forecasts.
On the basis of processing: The aerogel market is segmented on the basis of processing, such as virgin aerogel (consisting of as manufactured) and fabricated aerogel (consisting of composites and additives). Each of this is further described in detail in the report with volume and value forecasts.
On the basis of application: The aerogel market is segmented on the basis of applications, such as oil & gas, construction, automotive, marine, & aerospace, performance coating, day-lighting & LVHS, and others. Each application is further described in detail in the report with volume and value forecasts.
On the basis of region: Regional level segmentation is carried out for aerogel market; it includes North America, Asia-Pacific, Europe, and RoW, and further for key countries in each region that include:
The aerogel market is projected to register a CAGR of 19.1% between 2014 and 2019, in terms of volume.
Aerogel is an open-celled solid consisting of nanostructures which are interconnected to form a network-like structure. Aerogel was first developed in the 1930's and used as better alternative to traditional insulation materials. Aerogel display an outstanding array of unique properties, such as high strength to weight ratio, high thermal resistance, flame & moisture retardant, low density, high surface area, nanoporous structure, and weather resistance among others. The aerogel market by type can be classified into three key segments, on the basis of type silica, polymer, carbon, and other aerogel that include metal & metal oxides among others. Polymer aerogel is the fastest-growing type as it was non-existent in terms of production in 2012 and at present several companies are conducting extensive research activities to develop polymer based aerogel materials for mass production.
The aerogel market is also segmented by form and processing. The aerogel market can be classified into four key segments, on the basis of form- blanket, panel, particle, and monolith. Blanket is the largest aerogel segment by form mainly attributed to its increasing use in the oil & gas and construction segment. Particle is estimated to be the fastest growing aerogel form owing to its growing applications in construction, performance coating, and cosmetics & personal care segment. The aerogel market can be classified into two key segments, on the basis of processing- virgin aerogel (consisting of as manufactured aerogel materials) and fabricated aerogel (consisting of composites and additives). As manufactured (virgin) aerogel is the largest market of aerogel due to its wide commercial availability and extensive use in R&D activities.
North America dominated the aerogel market followed by Asia-Pacific majorly due to the increasing demand for oil & gas and construction application in these regions. Europe is projected to witness high growth rate between 2014 and 2019. The aerogel market in Europe and North America is consolidated, whereas the market in Asia-Pacific has a fragmented structure, where China and South Korea have many small and upcoming aerogel manufacturers. The aerogel market was dominated by Aspen Aerogels Inc. (U.S.) and Cabot Corp. (U.S.) in 2013. The competition level in aerogel market is expected to be moderate as the market is highly patent driven and the expertise in R&D, established and well recognized products and brands, and huge financial assets of the market leaders makes it difficult for upcoming player to operate profitably in the market. Asian players cater only to the domestic market owing to their low production capacity and lack of innovation to manufacture a highly specialized material in a sophisticated configuration.
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