DUBLIN, Dec. 03, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Aerogel Market (Raw material, Form, Application and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 - 2020" report to their offering.
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.
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, aluminum 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
Key Topics Covered:
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
- Acoustiblok UK Ltd.
- Active Space Technologies
- Airglass AB
- American Aerogel Corporation
- Aspen Aerogels Inc.
- BASF SE
- Cabot Corporation
- Dow Corning Corp.
- JIOS Aerogel
- Svenska Aerogel AB
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SOURCE Research and Markets