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Aerogel Market by Type, by Form, by Processing - Global Trends & Forecasts to 2019

Aerogel is an advanced high-performance insulation material that has high load-bearing capacity with high resistance to thermal, flame, moisture, sound, and weather. These unique properties find applications for aerogel, such as oil & gas, construction, automotive, marine, & aerospace, performance coating, day-lighting & LVHS among others.

The market for aerogel is estimated to grow on account of their outstanding physical properties and increasing need for advanced insulation materials for energy savings. High production costs, relatively low degree of commercialization, lack of huge industrial capacity, and high investment and R&D costs are expected to be the restraining factors for the market.

Region-wise, North America is leading the aerogel market. Growth in North America is led by the rising demand for oil & gas and construction applications due to increased insulation and energy saving concerns in the region. Asia-Pacific is estimated to be the second largest market for aerogel due to the region's favorable prospects; several companies are expanding their production capacity in Asian countries to benefit from the low-cost structures and growing local demand for aerogel materials in various industries, such as oil & gas, construction, automotive, among others. Blanket material is projected to have the biggest market of aerogel by form due to its flexibility and ease of handling. Silica aerogel had the largest market size in 2013 and will continue to dominate till 2019 on account of its commercial availability and wide-spread applications in several end-use industries.

The report analyzes the aerogel market trends and forecasts till 2019. The market size has been provided in terms of market volume (metric tons) and value ($thousand). The report also identifies prominent players and provides analysis for each player in terms of company overview, financials, product portfolio, recent developments, and company strategy.

The aerogel market is projected to register a CAGR of 19.1% between 2014 and 2019 to reach 26,093.2 metric tons. The oil & gas application is witnessing a CAGR of 11.8% and constitutes a significant part of the overall aerogel market. However, the automotive, marine, & aerospace application is projected to register a high CAGR of 39.0% by 2019.

The aerogel industry is moving towards investment in the implementation of technologies to commercialize the aerogel products and to expand the production facility. The companies involved in this market are extensively into research and new product developments. The company profiled in this report includes 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).

Table of Contents

1 Introduction

  • 1.1 Objectives of the Study
  • 1.2 Market Scope
    • 1.2.1 Market Definition
    • 1.2.2 Market Covered
    • 1.2.3 Scope, By Region
    • 1.2.4 Year
    • 1.2.5 Currency
    • 1.2.6 Package Size
    • 1.2.7 Limitations
  • 1.3 Stakeholders

2 Research Methodology

  • 2.1 Market Size Estimation
  • 2.2 Market Crackdown & Data Triangulation
  • 2.3 Market Share Estimation
    • 2.3.1 Key Insights
    • 2.3.2 Assumptions

3 Executive Summary

4 Expert Interview

5 Premium Insights

  • 5.1 Attractive Market Opportunity in Aerogel Market
  • 5.2 Significant Aerogel Markets
  • 5.3 Aerogel Market: Top Three Application Segments, 2019
  • 5.4 Aerogel Market: By Form
  • 5.5 Aerogel Market: By Type
  • 5.6 Aerogel Market: By Processing
  • 5.7 North America is the Largest Market for Aerogel
  • 5.8 Market Attractiveness, By Country
  • 5.9 Aerogel Market: By Application, 2014-2019
  • 5.10 Aerogel Market: Life Cycle Analysis, By Region
  • 5.11 Aerogel Market Trends & forecast, By Region, 2012-2019

6 Market Overview

  • 6.1 Introduction
  • 6.2 Evolution
  • 6.3 Market Segmentation
    • 6.3.1 Aerogel Market, By Type
    • 6.3.2 Aerogel Market, By form
    • 6.3.3 Aerogel Market, By Processing
    • 6.3.4 Aerogel Market, By Application
    • 6.3.5 Aerogel Market, By Region
  • 6.4 Market Dynamics
    • 6.4.1 Drivers
      • 6.4.1.1 Superior Thermal Resistance
      • 6.4.1.2 Thinner and Lighter Alternative
      • 6.4.1.3 Environmental Friendly Material
    • 6.4.2 Restraints
      • 6.4.2.1 High Manufacturing Cost
      • 6.4.2.2 Poor Mechanical Strength
    • 6.4.3 Opportunities
      • 6.4.3.1 Potential Substitute for Conventional Insulation Materials
      • 6.4.3.2 Apparel for Cold Regions
      • 6.4.3.3 Growing Applications in Day-Lighting Segment
      • 6.4.3.4 Enormous Demand From LVHS Segment
    • 6.4.4 Challenges
      • 6.4.4.1 Dustiness of the Material
      • 6.4.4.2 Perception Regarding Health and Safety
    • 6.4.5 Burning Issue
      • 6.4.5.1 Market Acceptance

7 Industry Trends

  • 7.1 Introduction
  • 7.2 Value Chain Analysis
  • 7.3 Production Process
    • 7.3.1 Silica Aerogel
    • 7.3.2 Organic Aerogel
    • 7.3.3 Carbon Aerogel
    • 7.3.4 Metal Oxide Aerogel
  • 7.4 Porter's Five forces Analysis
    • 7.4.1 Threat From New Entrants
    • 7.4.2 Threat From Substitutes
    • 7.4.3 Bargaining Power of Suppliers
    • 7.4.4 Bargaining Power of Buyers
    • 7.4.5 Intensity of Competitive Rivalry
  • 7.5 Strategic Benchmarking
    • 7.5.1 New Product Development & Launch
    • 7.5.2 Investment & Fund Raise

8 Aerogel Market, By Type

  • 8.1 Introduction
    • 8.1.1 Silica
    • 8.1.2 Polymer
    • 8.1.3 Carbon
    • 8.1.4 Others
  • 8.2 Market Size & Projection
    • 8.2.1 Polymer Aerogel: A New Material to Revolutionise Major End-Use Applications

9 Aerogel Market, By form

  • 9.1 Introduction
    • 9.1.1 Blanket
    • 9.1.2 Particle
    • 9.1.3 Panel
    • 9.1.4 Monolith
  • 9.2 Market Size & Projection
    • 9.2.1 Particle Material to Witness Tremendous Growth Opportunities in the Next Five Years

10 Aerogel Market, By Processing

  • 10.1 Introduction
    • 10.1.1 Virgin Aerogel
      • 10.1.1.1 As Manufactured
    • 10.1.2 Fabricated Aerogel
      • 10.1.2.1 Composites
      • 10.1.2.2 Additives
  • 10.2 Market Size & Projection
    • 10.2.1 Promising Panel Segment is Contributing to the Growth of Composites Market

11 Aerogel Market, By End-Use Application

  • 11.1 Introduction
    • 11.1.1 Oil & Gas
    • 11.1.2 Construction
    • 11.1.3 Automotive, Marine, & Aerospace
    • 11.1.4 Performance Coating
    • 11.1.5 Day-Lighting & LVHS
    • 11.1.6 Others
  • 11.2 Market Size & Projection
    • 11.2.1 Oil & Gas Segment is Projected to Be the Largest Consumer of Aerogel Market

12 Aerogel Market, By Region

  • 12.1 Introduction
  • 12.2 North America
    • 12.2.1 U.S.
    • 12.2.2 Canada
    • 12.2.3 Mexico
    • 12.2.4 Energy Efficicency & Building Insulation Norms
  • 12.3 Asia-Pacific
    • 12.3.1 China
    • 12.3.2 Japan
    • 12.3.3 South Korea
    • 12.3.4 Rest of Asia-Pacific
  • 12.4 Europe
    • 12.4.1 Germany
    • 12.4.2 U.K.
    • 12.4.3 Sweden
    • 12.4.4 France
    • 12.4.5 Rest of Europe
    • 12.4.6 Energy Efficicency & Building Insulation Norms
  • 12.5 Rest of the World

13 Competitive Landscape

  • 13.1 Introduction
  • 13.2 Market Share Analysis
  • 13.3 Maximum Developments in 2013 & 2014
  • 13.4 Growth Strategies in the Global Aerogel Market
  • 13.5 Cabot Corp. & Aspen Aerogels Inc.: the Most Active Participants
  • 13.6 Competitive Situation & Trends
    • 13.6.1 New Product Development & Launch, 2010-2014
    • 13.6.2 Investments & Fund Raise, 2010-2014
    • 13.6.3 Awards & Recognitions, 2010-2014

14 Company Profiles

  • 14.1 Introduction
  • 14.2 Active Aerogels
    • 14.2.1 Business Overview
    • 14.2.2 Products
    • 14.2.3 Key Strategy
    • 14.2.4 Recent Developments
  • 14.3 Aerogel Technologies LLC
    • 14.3.1 Business Overview
    • 14.3.2 Products
    • 14.3.3 Key Strategy
    • 14.3.4 SWOT Analysis
    • 14.3.5 MNM View
  • 14.4 Aspen Aerogels Inc.
    • 14.4.1 Business Overview
    • 14.4.2 Products
    • 14.4.3 Key Strategy
    • 14.4.4 Recent Developments
    • 14.4.5 SWOT Analysis
    • 14.4.6 MNM View
  • 14.5 BASF SE
    • 14.5.1 Business Overview
    • 14.5.2 Product
    • 14.5.3 Key Strategy
    • 14.5.4 Recent Developments
  • 14.6 Cabot Corporation
    • 14.6.1 Business Overview
    • 14.6.2 Products
    • 14.6.3 Key Strategy
    • 14.6.4 Recent Developments
    • 14.6.5 SWOT Analysis
    • 14.6.6 MNM View
  • 14.7 Enersens SAS
    • 14.7.1 Business Overview
    • 14.7.2 Products
    • 14.7.3 Key Strategy
    • 14.7.4 Recent Development
  • 14.8 Guangdong Alison Hi-Tech Co. Ltd.
    • 14.8.1 Business Overview
    • 14.8.2 Products
    • 14.8.3 Key Strategy
    • 14.8.4 Recent Development
    • 14.8.5 SWOT Analysis
    • 14.8.6 MNM View
  • 14.9 Nano High-Tech Co. Ltd.
    • 14.9.1 Business Overview
    • 14.9.2 Products
    • 14.9.3 Key Strategy
    • 14.9.4 SWOT Analysis
    • 14.9.5 MNM View
  • 14.10 Jios Aerogel Limited
    • 14.10.1 Business Overview
    • 14.10.2 Products
    • 14.10.3 Key Strategy
    • 14.10.4 Recent Developments

15 Appendix

  • 15.1 Discussion Guide
  • 15.2 Introducing RT: Real Time Market Intelligence
  • 15.3 Available Customizations
  • 15.4 Related Reports

List of Tables

  • Table 1 Aerogel: Physical Properties
  • Table 2 Thermal Conductivity of Different Insulation Materials
  • Table 3 Remarkable Thermal Performance is A Significant Market Driver
  • Table 4 High-End Technology Required in Aerogel Manufacturing Acts as A Major Market Restraint
  • Table 5 Day-Lighting: Systems & Benefits of Aerogel
  • Table 6 Aerogel is Paving New Growth Avenues in LVHS and Day-Lighting Segments
  • Table 7 Friability of Material is A Major Challenge for Aerogel Market
  • Table 8 Properties of Different Types of Aerogels
  • Table 9 Properties of Silica Aerogel
  • Table 10 Properties of Organic Polymer Aerogels
  • Table 11 Polyimide Aerogel: Benefits & Applications
  • Table 12 Properties of Carbon Aerogel
  • Table 13 Types of Aerogels in Others Category
  • Table 14 Colors of Metal Oxide Aerogels
  • Table 15 Properties of Metal Oxide Aerogel
  • Table 16 Properties of Metal Chalcogenide Aerogel
  • Table 17 Properties of Metal Aerogel
  • Table 18 Aerogel Market Size, By Type, 2012-2019 (MT)
  • Table 19 Aerogel Market Size, By Type, 2012-2019 ($Thousand)
  • Table 20 Aerogel: Key Market Players, By form
  • Table 21 Aerogel Blanket : Key Market Players, By Products
  • Table 22 Aspen Aerogels Inc. & Cabot Corp. : Blanket Product, By Application
  • Table 23 Advantages of Aerogel Blanket form
  • Table 24 Cabot Corp. : Particle Product, By Application
  • Table 25 Advantages of Aerogel Panel form
  • Table 26 Aerogel Technologies LLC : Monolith Product, By Application
  • Table 27 Aerogel Market Size, By form, 2012-2019 (MT)
  • Table 28 Aerogel Market Size, By form, 2012-2019 ($Thousand)
  • Table 29 Aerogel Market Size, By Processing, 2012-2019 (MT)
  • Table 30 Aerogel Market Size, By Processing, 2012-2019 ($Thousand)
  • Table 31 Aerogel Applications, By End-Use Industries
  • Table 32 Aerogel Advantages in Oil & Gas Applications
  • Table 33 Aerogel Advantages in Construction Applications
  • Table 34 Aerogel Applications, By End-Use Industries
  • Table 35 Aerogel Market Size, By End-Use Application, 2012-2019 (MT)
  • Table 36 Aerogel Market Size, By End-Use Application, 2012-2019 ($Thousand)
  • Table 37 Aerogel Market Size, By Region, 2012-2019 (MT)
  • Table 38 Aerogel Market Size, By Region, 2012-2019 ($Thousand)
  • Table 39 North America: Aerogel Market Size, By Country, 2012-2019 (MT)
  • Table 40 North America: Aerogel Market Size, By Country, 2012-2019 ($Thousand)
  • Table 41 North America: Aerogel Market Size, By Application, 2012-2019 (MT)
  • Table 42 North America: Aerogel Market Size, By Application, 2012-2019 ($Thousand)
  • Table 43 U.S.: Aerogel Market Size, By Application, 2012-2019 (MT)
  • Table 44 U.S.: Aerogel Market Size, By Application, 2012-2019 ($Thousand)
  • Table 45 Canada: Aerogel Market Size, By Application, 2012-2019 (MT)
  • Table 46 Canada: Aerogel Market Size, By Application, 2012-2019 ($Thousand)
  • Table 47 Mexico: Aerogel Market Size, By Application, 2012-2019 (MT)
  • Table 48 Mexico: Aerogel Market Size, By Application, 2012-2019 ($Thousand)
  • Table 49 North America Building Insulation Regulation
  • Table 50 Canada Ceiling Insulation Policies
  • Table 51 Canada Exterior Wall Insulation Policies
  • Table 52 Canada Basement Insulation Policies
  • Table 53 Asia-Pacific: Aerogel Market Size, By Country, 2012-2019 (MT)
  • Table 54 Asia-Pacific: Aerogel Market Size, By Country, 2012-2019 ($Thousand)
  • Table 55 Asia-Pacific: Aerogel Market Size, By Application, 2012-2019 (MT)
  • Table 56 Asia-Pacific: Aerogel Market Size, By Application, 2012-2019 ($Thousand)
  • Table 57 China: Aerogel Market Size, By Application, 2012-2019 (MT)
  • Table 58 China: Aerogel Market Size, By Application, 2012-2019 ($Thousand)
  • Table 59 Japan: Aerogel Market Size, By Application, 2012-2019 (MT)
  • Table 60 Japan: Aerogel Market Size, By Application, 2012-2019 ($Thousand)
  • Table 61 South Korea: Aerogel Market Size, By Application, 2012-2019 (MT)
  • Table 62 South Korea: Aerogel Market Size, By Application, 2012-2019 ($Thousand)
  • Table 63 Rest of Asia-Pacific: Aerogel Market Size, By Application, 2012-2019 (MT)
  • Table 64 Rest of Asia-Pacific: Aerogel Market Size, By Application, 2012-2019 ($Thousand)
  • Table 65 Europe: Aerogel Market Size, By Country, 2012-2019 (MT)
  • Table 66 Europe: Aerogel Market Size, By Country, 2012-2019 ($Thousand)
  • Table 67 Europe: Aerogel Market Size, By Application, 2012-2019 (MT)
  • Table 68 Europe: Aerogel Market Size, By Application, 2012-2019 ($Thousand)
  • Table 69 Germany: Aerogel Market Size, By Application, 2012-2019 (MT)
  • Table 70 Germany: Aerogel Market Size, By Application, 2012-2019 ($Thousand)
  • Table 71 U.K.: Aerogel Market Size, By Application, 2012-2019 (MT)
  • Table 72 U.K.: Aerogel Market Size, By Application, 2012-2019 ($Thousand)
  • Table 73 Sweden: Aerogel Market Size, By Application, 2012-2019 (MT)
  • Table 74 Sweden: Aerogel Market Size, By Application, 2012-2019 ($Thousand)
  • Table 75 France: Aerogel Market Size, By Application, 2012-2019 (MT)
  • Table 76 France: Aerogel Market Size, By Application, 2012-2019 ($Thousand)
  • Table 77 Rest of Europe: Aerogel Market Size, By Application, 2012-2019 (MT)
  • Table 78 Rest of Europe: Aerogel Market Size, By Application, 2012-2019 ($Thousand)
  • Table 79 European Building Insulation Regulations
  • Table 80 Rest of Europe: Aerogel Market Size, By Application, 2012-2019 (MT)
  • Table 81 Rest of Europe: Aerogel Market Size, By Application, 2012-2019 ($Thousand)
  • Table 82 New Product Development & Launch, 2010-2014
  • Table 83 Investment & Fund Raise, 2010-2014
  • Table 84 Awards & Recognitions, 2010-2014

List of Figures

  • Figure 1 Global Aerogel Market: Research Methodology
  • Figure 2 Market Size Estimation: Bottom-Up Approach
  • Figure 3 Market Size Estimation: top-Down Approach
  • Figure 4 Break Down of Primary Interviews, By Company Type, Designation & Region
  • Figure 5 Key Data Taken From Secondary Sources
  • Figure 6 Key Data Taken From Primary Sources
  • Figure 7 Aerogel Application Snapshot (2014 vs. 2019): Market for Automotive, Marine, & Aerospace Application to Grow at the Highest Rate
  • Figure 8 Aerogel Market, By Country, 2014 (Volume): European Countries to Be the Fastest Growing Market
  • Figure 9 Aerogel Market Share, By Region, 2014 (Volume): North America is Estimated to Be the Largest Market
  • Figure 10 Aerogel Market, By form, 2014 (Volume): Particle Segment is Estimated to Be the Highest Growing Market
  • Figure 11 Attractive Market Opportunity for Aerogel Manufacturers
  • Figure 12 U.S. and China: the top Two Countries for the Aerogel Market in 2014
  • Figure 13 Oil & Gas Segment Will Continue to Dominate the North American Market in the Next Five Years
  • Figure 14 Particle is Anticipate to Have Highest Growth Rate
  • Figure 15 Polymer Aerogel Has A Promising Future in Next Five Years
  • Figure 16 Composite Market Estimated to Grow at the Highest Rate
  • Figure 17 U.S. Captures the Lion's Share in the North American Aerogel Market
  • Figure 18 Sweden to Emerge as A Lucrative Market
  • Figure 19 The top Three Application Segments Will Account for More Than 90% of the Global Market Size in 2019
  • Figure 20 Europe Market is Expected to Experience an Exponential Growth Phase for Aerogel By 2019
  • Figure 21 North America Dominates the Global Aerogel Market in 2014
  • Figure 22 Aerogel: Property Characteristics
  • Figure 23 Aerogel: Structure Characteristics
  • Figure 24 Ultra-Silica Aerogel: Guinness Records
  • Figure 25 Aerogel: Development Timeline
  • Figure 26 Aerogel Market Segmentation, By Type
  • Figure 27 Aerogel Market Segmentation, By form
  • Figure 28 Aerogel Market Segmentation, By Processing
  • Figure 29 Aerogel Market Segmentation, By Application
  • Figure 30 Aerogel Market, By Region
  • Figure 31 Overview of the Factors Governing the Global Aerogel Market
  • Figure 32 Comparative Thermal Efficiency in Pipeline Application
  • Figure 33 Comparative Analysis of R-Value for Different insulation Materials
  • Figure 34 Value Chain Analysis for Aerogel
  • Figure 35 Silica Aerogel: Production Process
  • Figure 36 Organic Aerogel: Production Process
  • Figure 37 Carbon Aerogel: Production Process
  • Figure 38 Metal Oxide Aerogel: Production Process
  • Figure 39 Porter's Five forces Analysis: Aerogel Market, 2013
  • Figure 40 Strategic Benchmarking: Cabot & Basf Are Adopting New Product Development & Launch to Innovate
  • Figure 41 Strategic Benchmarking: Aspen & Jios Are Encouraging Capital Investments to Expand Their Product offerings
  • Figure 42 Silica Aerogel Dominates the Market
  • Figure 43 Silica Aerogel Drives the Global Market
  • Figure 44 Emerging LVHS Segment to Drive the Particle Material Market
  • Figure 45 Particle Material to Witness Tremendous Growth Opportunities in the Next Five Years
  • Figure 46 Composites to Grow at the Highest Rate Between 2014 and 2019
  • Figure 47 Promising Panel Segment is Contributing to the Growth of Composites Market
  • Figure 48 Growing Need of Advanced Insulation Materials to Drive the Demand for Oil & Gas Segment
  • Figure 49 Emerging Aerogel Manufacturing Companies Stimulating Growth of Construction Segment
  • Figure 50 Development of Aerogel Products is Giving Impetus to Automotive, Marine, & Aerospace Segment
  • Figure 51 Particle Aerogel Material to Propel the Growth of Performance Coating Segment
  • Figure 52 Day-Lighting & LVHS Segment Projected to Have Demand Upsurge
  • Figure 53 End-Use Applications Driving the Others Segment
  • Figure 54 Automotive, Marine, & Aerospace Segment to Grow at the Highest Rate
  • Figure 55 Oil & Gas Segment Dominates the Aerogel Market
  • Figure 56 Regional Snapshot of Aerogel Market: European Countries to Drive the Market
  • Figure 57 Germany, South Korea, & Sweden- Emerging Markets for Aerogel Applications
  • Figure 58 North America Aerogel Market Snapshot: Preference towards Advanced Materials
  • Figure 59 In Asia-Pacific Region China is the Most Lucrative Country
  • Figure 60 European Aerogel Market Snapshot: Germany is the Largest Market
  • Figure 61 ROW: Oil & Gas Segment is Estimated to Drive the Market
  • Figure 62 Companies Adopted New Product Development & Launch as the Key Growth Strategy
  • Figure 63 Global Aerogel Market Share, By Key Players, 2013
  • Figure 64 Developments in Global Aerogel Market
  • Figure 65 New Product Development & Launch: the Most Popular Growth Strategy
  • Figure 66 Aerogel Market Developments, By Key Players, 2010-2014
  • Figure 67 Active Aerogels: Business Overview
  • Figure 68 Aerogel Technologies LLC.: Business Overview
  • Figure 69 Aerogel Technologies LLC: SWOT Analysis
  • Figure 70 Aspen Aerogels Inc.: Business Overview
  • Figure 71 Aspen Aerogels Inc.: SWOT Analysis
  • Figure 72 BASF SE: Business Overview
  • Figure 73 Cabot Corp.: Business Overview
  • Figure 74 Cabot Corp.: SWOT Analysis
  • Figure 75 Enersens SAS: Business Overview
  • Figure 76 Guangdong Alison Hi-Tech Co. Ltd.: Business Overview
  • Figure 77 Guangdong Alison Hi-Tech Co. Ltd.: SWOT Analysis
  • Figure 78 Nano High-Tech Co. Ltd.: Business Overview
  • Figure 79 Nano High-Tech Co. Ltd.: SWOT Analysis
  • Figure 80 Jios Aerogel Ltd.: Business Overview
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