Aerogel Market size is forecast to reach US$1.2 billion by 2026, after growing at a CAGR of 9.2% during 2021-2026. 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. The demand for silica aerogel as thermal insulation materials from the oil & gas, construction, transportation, performance coating, and other industries is driving the market. The Aerogel Market report by IndustryARC covers complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.
Competitive Landscape:
The top 5 players in the Aerogel Industry are –
1. Aspen Aerogels
2. Cabot Corporation
3. Aerogel Technologies
4. Nanotech Co. Ltd.
5. Armacell
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Segmental Analysis :
1. Blanket material has a clear value proposition. Blanket materials are used in a variety of industries, including oil and gas, construction, automotive, marine, and aerospace because their flexible physical structure allows them to be cut and modified to meet specific requirements.
2. Silica was the first commercially available type of aerogel. Because of their ultra-low weight and transparency, silica aerogel materials are particularly appealing. Many applications are compatible with a visibly transparent super-insulating material.
3. These aerogels can be used in industrial applications without any additional processing or modifications, and they are used in the same form as those produced by aerogel manufacturers.
4. The thermal insulation segment held a significant share in the aerogel market in 2020. Aerogel’s solid component is made up of tiny, three-dimensional clusters that are intertwined. They makeup only 3% of the total volume and are poor conductors.
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Report Coverage |
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Report Attributes |
Details |
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By Form |
Blanket, Particle, Block, Tiles, Panels |
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By Type |
Silica Aerogels, Carbon Aerogels, Metal Oxides Aerogels, Organic Aerogels, Metal Aerogels, Cellulose Aerogels |
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By Application |
Electronic Components, Thermal Insulation, Foundry Technology, Superlight Composites, Desalination System, Drug Delivery, Paints, Solar Devices, Skylight & Windows, Aircraft Structural Components, Armor, Membranes, Thin-film Coatings, Nuclear Weapons, Catalysts |
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By End-Use Industry |
Apparel & Sportswear (Tennis Rackets, Security Shoes, Sports Shoes, and Others), Energy Generation, Electrical & Electronics (Capacitors, Sensors, Batteries, Fuel Cells, IR Detectors, and Others), Personal Care & Cosmetics, Building and Construction (Residential, Commercial, and Industrial), Automotive (Passenger Vehicles (PV), Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV)), Packaging, Medical & Healthcare, Oil & Gas |
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By Geography |
North America, Europe, Asia-Pacific, South America and Rest of World |
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Market Drivers and Challenges :
1. According to NASA, aerogels are one of the lightest solid materials ever discovered. A blade of grass can balance on graphene aerogel, which is seven times lighter than air.
2. Aerogels are expected to be an ideal replacement for traditional insulation materials in new buildings to meet energy standards set by various regulatory bodies and to avoid structural compromises. Aerogel materials can save a significant amount of energy that would otherwise be used for heating and cooling because of their low thermal conductivity and thinness.
3. Aerogel is flexible blanket insulation that can help reduce energy loss while also saving space in residential and commercial buildings. Aerogel is a fantastic way to save energy by preventing heat loss or gain through the building envelope.
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Similar Reports :
A. Blanket Aerogel Market
https://www.industryarc.com/Research/Blanket-Aerogel-Market-Research-501439
B. Insulation Materials Market
https://www.industryarc.com/Research/Insulation-Materials-Market-Research-501610
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