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Global Aerogel Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Aerogel Market was worth US$ 716.5 Mn and is expected to grow at a CAGR of 10.2% over the forecast period. While the historical CAGR is 8.9%, the market is expected to hit US$ 1,892.5 Mn by 2032 end.
Aerogels are a subclass of synthetic porous lightweight materials created from gels in which the gel’s liquid component has been replaced by gas without the gel’s structure significantly collapsing. The end product is solid with an incredibly low density and thermal conductivity. Numerous chemical substances can be used to create aerogels. Some polymer-based aerogels feel like stiff foams, whereas silica aerogels feel like brittle expanded polystyrene. By supercritical drying or freeze-drying, the liquid portion of a gel is removed to create aerogels.
Market Dynamic
There are certain drawbacks to conventional insulation materials, such as polyurethane foam, mineral wool, rock wool, and stone wool. To attain the correct R-value, for instance, thick layers of these materials are needed, which results in the loss of valuable floor space in new construction. It is considerably more difficult to add high insulation levels to older structures because the extra layers alter the aesthetic appeal of the building. Therefore, aerogels are anticipated to be a perfect replacement for conventional insulating materials in new construction to meet energy standards set by various regulatory authorities and prevent structural compromises.
Aerogel materials can conserve a large amount of energy that would otherwise be required for heating and cooling due to their poor thermal conductivity and reduced thickness. Due to its characteristics, including low weight and poor thermal conductivity, aerogels are utilized for clothing in cold climates. They are frequently employed for industrial insulation as well.
One of the main factors limiting the expansion of the aerogel industry is the high cost of producing aerogel. The high price of raw materials (for alkoxide-based precursor materials), labor-intensive process technologies (solvent exchange steps, lengthy reaction times constrained by diffusion), and the installation of relatively small production capacities for businesses are the main causes of the high cost of silica aerogels.
It is expensive because substantial R&D is needed to manufacture aerogel materials. The synthetic processes utilized to make aerogel materials are not as flexible. Due to the highly specialized production processes used in aerogel manufacture, a sophisticated facility is needed. Supercritical drying is the step in the aerogel manufacturing process that costs the most money.
Market Segments Covered in Report
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Segment-Wise Analysis
Why is the Silica-based aerogel estimated to be the largest utilized type?
The process for making silica aerogel is very flexible and has a low cost. The greatest combination of low thermal conductivity and good optical transparency makes silica aerogels popular. They are transparent, but the Rayleigh scattering effect gives them the appearance of being blue, leading to their common names of frozen smoke and blue smoke.
The silica-based aerogel market is driven by its excellent insulating qualities, low price, wide availability of raw materials, and adaptable manufacturing technique. The first kind of aerogel to be sold commercially is Silica. Fabrics made of silica aerogel are particularly fascinating because they are light and transparent. Many applications can use a visibly transparent super-insulating material.
Why is it anticipated that the Construction category revenue would grow?
Due to an increase in the usage of aerogels as high-performance insulating plaster in buildings, revenue in the construction category is anticipated to grow at a considerably quick CAGR over the projected period. Insulating application made of aerogel is nonflammable and guards against small fires inside buildings. Aerogels can be used to save energy while renovating
Region-Wise Analysis
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.
Competition Analysis
Climate change-related concerns about sustainability are forcing businesses and industries to abide by tight environmental regulations and adapt current materials and technology to satisfy set requirements and specifications. To increase their market presence, major firms are using a variety of tactics, including media advertising and the planning of trade shows. Additionally, several businesses are working with associations to create applications for particular industries. Further, companies are getting the exclusive right to sell goods from well-known brands.
The key developments in the Global AerogelMarket are:
A list of some of the key suppliers present in the market are:
Global Aerogel Market 2022-2032: Report Coverage and Highlights
| Research Scope | Details |
| Forecast period | 2022-2032 |
| Historical data available for | 2017-2021 |
| Market analysis | USD Million for Value and Tons for Volume, and CAGR from 2022 to 2030 |
| Key regions covered | North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa |
| Key countries covered | US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt |
| Key segments covered | By Product Type, Application, Form, Processing, and Region |
| Customization scope | Available upon Request |
| Pricing and purchase options | Available upon Request |
Market Size Data
Market Background
Pricing Analysis
Value Chain Analysis
Competition Analysis
Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
Why Choose CVC Market Research?;
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 10.2%.
Aerogels are anticipated to be a perfect replacement for conventional insulating materials in new construction to meet energy standards set by various regulatory authorities and prevent structural compromises.
Key Global Aerogel Market players are Aspen Aerogels, Cabot Corporation, Aerogel Technologies, Nanotech Co. Ltd., Armacell, Guangdong Alison Hi-Tech, Active Aerogels, Enersens, and JIOS Aerogel.
The high cost of raw materials (for alkoxide-based precursor materials), labor-intensive process technologies (solvent exchange steps, lengthy reaction times constrained by diffusion), and the installation of relatively small production capacities for businesses are the main causes of the high cost of silica aerogels.
North America is expected to account for the largest market revenue share in the Global Aerogel Market.
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