Aerogel Market | Industry Growth, Trends and Forecast Upto 2022
The
global aerogel market is expected to reach USD 1.92
billion by 2022, according to a new report by Grand View Research, Inc. Growing
demand for high thermal resistance products is expected to drive demand for
aerogel over the next few years. In addition, lightweight and compressed size
of the material makes it a favorable option for thermal insulation.
Building
& construction is anticipated to witness highest growth at a CAGR of 38.6%
over the forecast period. Increasing number of infrastructure projects,
particularly in Asia Pacific, is expected to drive demand for lightweight
materials. Rising awareness regarding the benefits of the product is expected
to augment its use in these end-uses over the forecast period.
Full
Research Report On Global Aerogel Market Analysis:
http://www.grandviewresearch.com/industry-analysis/aerogel-market
http://www.grandviewresearch.com/industry-analysis/aerogel-market
Further
key findings from the report suggest:
- Market for silica-based
aerogel was estimated at USD 307.5 million in 2014. It provides several
advantages such as resistance for high temperatures -140°Cto 20°C. Mars
exploration projects, ‘Spirit’ and ‘Opportunity’ by NASA made use of
silica aerogels, which were successful at extreme temperature on Mars.
- Hydrophobic silica
aerogels exhibit excellent water absorption properties. In addition, these
materials also absorb other substances that repel water such as oil. Owing
to this, specially-functionalized silica aerogel powder and blankets are
being used in oil-spill cleanups, which will also be commercially in few
days.
- Growing demand for aerogel
silica owing to its light diffusion, superior thermal insulation and high
surface area, in architectural applications, is expected to propel growth
of the overall industry. Moreover, increasing focus on infrastructure
development is expected to bolster growth.
- North America accounted
for 57.2% of the global market in 2014 and is expected to witness moderate
growth over the forecast period owing to limited growth of the end-use
industries. Development of cheaper materials such as polymers are expected
to drive the demand for polymer based aerogel in building &
construction industry, especially in Asia Pacific.
- Europe is expected to
witness a substantial growth at a CAGR of 32.9% from 2015 to 2022.The
European Union has set a target to achieve 20% reduction in energy by
2020. This target is a part of policy set under Energy Efficiency Directive
(EED).Aerogel, particularly silica-based, exhibit properties similar to
naturally available silicates, thus, they are eco-friendly in nature.
- Key industry players
include Aspen Aerogels Inc., Cabot Corporation, Aerogel Technologies LLC,
BASF SE, and Dow Corning Corporation. These companies are focusing on
R&D activities to develop new products and enhance their aerogel
portfolio.
View more
reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/advanced-materials
http://www.grandviewresearch.com/industry/advanced-materials
Grand View Research has segmented the global aerogel market on the basis
of form, product, end-use and region:
Global
Aerogel Form Outlook (Revenue, USD Million; 2012 - 2022)
- Blanket
- Particle
- Panel
- Monolith
Global
Aerogel Product Outlook (Revenue, USD Million;2012 - 2022)
- Silica
- Carbon
- Polymers
- Others
Global
Aerogel End-use Outlook (Revenue, USD Million; 2012 - 2022)
- Oil
&gas
- Building
&construction
- Automotive,
aerospace & marine
- Performance
coatings
- Others
Global Aerogel Regional
Outlook (Revenue, USD Million; 2012 - 2022)
- North
America
- U.S.
- Europe
- Germany
- U.K.
- Asia
Pacific
- China
- Japan
- Latin
America
- Brazil
- MEA
View press
release of this research report by Grand View Research:
http://www.grandviewresearch.com/press-release/global-aerogel-market
http://www.grandviewresearch.com/press-release/global-aerogel-market
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more
information: www.grandviewresearch.com
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