Aerogel Insulation Market Report 2022: Growth Forecast & Competitive Analysis
Global aerogel insulation market is anticipated to depict a CAGR of 20% through 2025, having recorded a valuation of USD 600 million in 2018. By 2025, the market is expected to hit a remuneration of USD 2.5 billion.
Aerogel insulation market share has witnessed unprecedented demand over the years due to the need to control increase in carbon emission levels and conserve energy. There has been a considerable shift towards the adoption of sustainable practices by various industries to help reduce GHG emissions that lead to environmental degradation.
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There has been a rise in green building projects in both developed and emerging economies. This type of infrastructure adopts energy-efficient practices that aim at reducing the consumption of electricity and adopting other sustainable practices. Moreover, strict policies established regarding the working conditions in various industries is a major factor supporting the product growth.
Aerogel is considered as one of the most proficient nanomaterials that can be extensively used in highly efficient structures and in window applications. Many daylighting systems that are being used in buildings now incorporate translucent granular aerogels within interspaces like structural panels for the structure’s front side. These materials allow for high-quality diffused light, excellent thermal efficiency and sound reduction, endorsing the significant of aerogel insulation industry in colder regions of Europe and North America, where a large number of buildings have window or glass fronts.
A need for more efficient residential and commercial construction has paved the way for innovative insulating materials like aerogels, which are among the lightest solid materials in the world, being composed of 99% air. Due to significantly low thermal conductivity and density, aerogels are widely used in buildings and windows to prevent thermal radiation of the ambient temperature, making it an ideal insulator and energy-saving material. Heating and cooling solutions represent a major part of energy expenditure, demonstrating the potential of deploying aerogel products in construction.
The building and construction sector has experienced a massive rise with the increased economic conditions across developing nations. Rise in construction activities lead to the consumption of traditional materials, but also create opportunities for using novel products for crucial structural components. Developments related to aerogel-based products have allowed many new design possibilities for buildings and in electrical applications, augmenting demand for aerogel insulation market.
Research companies are seemingly indulged in pioneering aerogel technologies that benefit all corners of society, offering products which are affordable and require less time and energy to produce. For instance, in late 2018 Aspen Aerogels had received European Technical Assessment (ETA) for SLENTEX, its high performance, non-combustible aerogel insulation to be commercialized in partnership with BASF. SLENTEX is aimed at providing substantial benefits to engineers, builders, and architects who could be impacted by expected regulatory changes regarding the use of non-combustible products in high-rise building.
Svenska Aerogel, American Aerogel Corporation, Green Earth Aerogel Technologies, Enersens, and Cabot Corporation are some of the major manufacturers leading aerogel insulation market. They are widely focused on innovations to augment their global reach and ensure a profit-driven growth in the upcoming years. Citing an example, Svenska Aerogel had recently been granted three new patents for the use of a material that improves thermal insulation across various applications. Similar accomplishments among other competitors will fuel the development of overall aerogel insulation industry.
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Some Point from Table of Contents:
Chapter 5. Aerogel Insulation Market, By Form
5.1. Global aerogel insulation market share by form, 2018 & 2025
5.2. Blankets
5.2.1. Market estimates and forecast, 2013 - 2025
5.2.2. Market estimates and forecast, by region, 2013–2025
5.3. Panel
5.3.1. Market estimates and forecast, 2013 - 2025
5.3.2. Market estimates and forecast, by region, 2013–2025
5.4. Particle
5.4.1. Market estimates and forecast, 2013 - 2025
5.4.2. Market estimates and forecast, by region, 2013–2025
5.5. Block
5.5.1. Market estimates and forecast, 2013 - 2025
5.5.2. Market estimates and forecast, by region, 2013–2025
Chapter 6. Aerogel Insulation Market, By End Use
6.1. Global aerogel insulation market share by end use, 2018 & 2025
6.2. Oil & gas
6.2.1. Market estimates and forecast, 2013 - 2025
6.2.2. Market estimates and forecast, by region, 2013–2025
6.3. Building & construction
6.3.1. Market estimates and forecast, 2013 - 2025
6.3.2. Market estimates and forecast, by region, 2013–2025
6.4. Automotive, aerospace & marine
6.4.1. Market estimates and forecast, 2013 - 2025
6.4.2. Market estimates and forecast, by region, 2013–2025
6.5. Performance coatings
6.5.1. Market estimates and forecast, 2013 - 2025
6.5.2. Market estimates and forecast, by region, 2013–2025
6.6. Others (electronics)
6.6.1. Market estimates and forecast, 2013 - 2025
6.6.2. Market estimates and forecast, by region, 2013–2025
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