Global Aerogel Market, By Type (Silica Aerogel, Polymer Aerogel, Carbon Aerogel, Other), Form (Blanket, Particle, Panel, Monolith), End Use (Coatings, Pesticides, Chemicals, Gasoline, Printing, and Rubber and Leather), Processing (Manufactured, Composites, Additives), Application (Oil and Gas, Construction, Performance Coating and Day-Lighting, Transportation, Others), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Aerogel Market
Data Bridge Market Research analyses that the aerogel market will witness a CAGR of 12.13% for the forecast period of 2022-2029
Aerogels are a diverse class of ultralow synthetic material derived from a gel, in which the liquid component of the gel is replaced with gas by supercritical drying. It is composed of an interconnected nanostructure network with a minimum of 50% porosity. Though solid, it is extremely lightweight and possesses low thermal conductivity, which makes it an ideal insulation material.
Robust expansion of the building and construction industry is the major factor accelerating the growth of the aerogel market in the forecast period of 2022-2029. Because of low density and low thermal conductivity, aerogel is considered as an ideal material for thermal protection and this factor is propelling the market in the forecast period of 2022-2029. Furthermore, growing demand from various end-use industries such as oil and gas, building and construction, automotive, aerospace and marine, and performance coatings is also expected to drive the growth of the aerogel market in the forecast period of 2022-2029. However, high cost and lack of customer awareness restrains the aerogel market, whereas, complex heating and supercritical drying will challenge market growth in the forecast period of 2022-2029.
In addition, adoption of aerogel is less as compared to the other insulating materials will create ample opportunities for the aerogel market in the above mentioned forecast period.
This aerogel market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on aerogel market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Aerogel Market Scope and Market Size
The aerogel market is segmented on the basis of type, end use, form, processing and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the aerogel market is segmented into silica aerogel, polymer aerogel, carbon aerogel and other. Other is segmented into metal oxide aerogel, metal chalcogenides aerogels and metal aerogel.
- On the basis of end use, the aerogel market is segmented into coatings, pesticides, chemicals, gasoline, printing, and rubber and leather.
- On the basis of form, the aerogel market is segmented into blanket, particle, panel and monolith.
- On the basis of processing, the aerogel market is segmented into manufactured, composites and additives.
- On the basis of application, the aerogel market is segmented into oil and gas, construction, performance coating and day-lighting. Transportation is further segmented into aerospace, automotive, marine and others.
Aerogel Market Country Level Analysis
The aerogel market is analysed and market size, volume information is provided by country, type, end use, form, processing and application as referenced above.
The countries covered in the aerogel market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the aerogel market and will continue to flourish its dominance during the forecast period owing to excellent production of units for oil and gas industries and building and construction activities in the region in the forecast period of 2022-2029. However, Asia-Pacific will continue to project the highest growth rate for this period owing to rise in consumer awareness toward global warming, which, in turn, boosts the adoption of insulation solutions such as aerogel in industrial and domestic applications.
The country section of the aerogel market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Aerogel Market Share Analysis
The aerogel market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to aerogel market.
Some of the major players operating in the aerogel market are Active Aerogels, Aerogel Technologies, LLC, Aspen Aerogels, Inc., BASF SE, Cabot Corporation, Green Earth Aerogel Technologies, DuPont, HUATAO GROUP LTD., ENERSENS, Svenska Aerogel AB, Dow, JIOS Aerogel Corporation, PBM Insulations Pvt. Ltd., Acoustiblok UK, Armacell, Thermablok Aerogels Limited, Arkema, Solvay and American Aerogel Corporation among others.