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Aerogel Market worth $547.9 Million by 2019
The report, “Aerogel Market by Type (Silica, Polymer, and carbon), by Form (Blanket, Panel, Particle, & Monolith), by Processing (Virgin & Fabricated), by Application (Oil & Gas, Construction, Automotive, Marine & Aerospace, Performance Coatings, Day Lighting, & LVHS) - Global Trends & Forecasts to 2019”, defines and segments the aerogel market with an analysis and forecast for types, forms, processing, and applications by volume as well as value.
Browse 96 market data tables and 76 figures spread through 182 pages and in-depth TOC on “Aerogel Market by Type (Silica, Polymer, and carbon), by Form (Blanket, Panel, Particle, & Monolith), by Processing (Virgin & Fabricated), by Application (Oil & Gas, Construction, Automotive, Marine & Aerospace, Performance Coatings, Day Lighting, & LVHS) - Global Trends & Forecasts to 2019”
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“Europe is the key market for Aerogel”
North America dominated the aerogel market in 2013 and accounted for over 60% of the market. Country-wise, the U.S. is the top consumer of aerogel materials globally. China is the second-largest aerogel consumer in the world. The demand for the aerogels is driven by the diverse end-use markets ranging from oil & gas, construction, automotive, marine, & aerospace among others. Future growth in the international market hinges heavily onto recovering economies in Europe. U.K. and Sweden stand out as noteworthy growing markets in Europe. The ensuing increase in investments and rise in the number of new manufacturing establishments is anticipated to witness Europe emerge into a prime driver of growth for the aerogel market.
“Automotive, marine, & aerospace application to drive the growth in the global aerogel market”
Oil & gas segment dominated the aerogel market with around 74% market share in 2013. The increasing demand for advanced insulation materials for its critical applications is expected to sustain the growth for oil & gas segment of aerogel market in the coming years. The fastest growth rate till 2019 in the aerogel market is projected to come from applications such as construction and automotive, marine & aerospace. Aerogel is used in construction segment for thermal insulation, day-lighting, and architectural applications as it saves space due to its reduced thickness. Aerogel is also used in the automotive, marine, & aerospace segment as it provides several unparalleled benefits such as enhanced acoustic performance, thermal signature reduction for hot engine components and aircraft skins, lightweight thermal insulation for exhaust, impact damping, and fire protection. The increasing aerogel demand for such applications is expected to drive the growth for the global aerogel market.
“Polymer aerogel to have the highest growth”
Silica aerogel had the largest market share in 2013 and is projected to dominate the global market by 2019. Factors such as its high insulating properties, cheap and abundant raw material availability, and versatile process of manufacturing will continue to drive the growth for this segment. Polymer aerogel segment on the other hand is projected to have higher growth on account of its superior properties over traditional aerogel and its increasing use in several industrial applications. The increasing R&D activities to focus on polymer aerogel production by the market players are also expected to be the driving factor for polymer aerogel market.
“Blanket to be the largest aerogel market by form”
The blanket is the leading segment of aerogel market by form globally. It accounted for a share of 85% of the total market in 2013. Blanket materials were the first form of aerogel to be commercialized and hence it has a wide-spread application is several end-use industries. The oil & gas segment is anticipated to continue its supremacy in blanket market. The particle is anticipated to be the fastest growing aerogel form registering a between 2014 and 2019 in terms of volume. Demand from end-use applications such as day-lighting, performance coating, and cosmetics & personal care segment is anticipated to drive the particle aerogel market.
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