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.
Browse full research report on 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.
Browse more reports of this category by Grand View
Research: 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
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.
No comments:
Post a Comment