Aerogel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
The global aerogel market exhibited strong growth during 2015-2020. Also known as frozen smoke, aerogel is a translucent, synthetic solid-state substance that has an extremely low density and excellent thermal insulating properties. It is mainly produced by replacing the liquid element of the gel with gas in a high-temperature environment. It is light in weight and has a high surface area, owing to which it is widely utilized in various industrial and commercial applications across the globe.
The market is currently experiencing strong growth on account of the expanding applications of aerogel in numerous end use industries. For instance, it is employed in the aerospace industry in the manufacturing of wetsuits and spacesuits. It is also used in the construction sector as a superlight concrete and wall insulator. Besides this, aerogel serves as a crucial component in the manufacturing of fire suits, spacecraft and vehicles due to its superior thermal insulation property. Additionally, owing to its several other advantageous properties, it is gaining popularity in the electronics, and oil and gas industries worldwide. Furthermore, some of the leading vendors operating in the industry are focusing on increasing their budget for research and development (R&D) activities to introduce polymer-based aerogels that have enhanced strength and flexibility. Such steps are expected to be instrumental in expanding their existing consumer base and market share, thus contributing to the market growth. These factors collectively are projected to fuel the market growth in the upcoming years. Looking forward, IMARC Group expects the global aerogel market to grow at a CAGR of around 11% during 2021-2026.
Breakup by Processing:
Breakup by Type:
Silica aerogel exhibits a clear dominance in the market.
Breakup by Form:
At present, blanket accounts for the majority of the total market share.
Breakup by Application:
Oil and Gas
Aerogel finds vast applications in the oil and gas industry.
Middle East and Africa
On the geographical front, North America enjoys the leading position in the market.
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are:
Aspen Aerogels, Inc.
The Dow Chemical Company
JIOS Aerogel Corporation
Svenska Aerogel Holding AB
Nano Tech Co., Ltd.
Guangdong Alison Hi-Tech Co., Ltd.
Surnano Aerogel Co. Ltd.
Protective Polymers Ltd.
Green Earth Aerogel Technologies Limited
Key Questions Answered in This Report:
How has the global aerogel market performed so far and how will it perform in the coming years?
What are the key regions in the industry?
What has been the impact of COVID-19 on the global aerogel market?
Which are the popular types in the industry?
What are the leading forms in the industry?
What are the major processing segments in the industry?
What are the dominant applications in the industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global aerogel market and who are the key players?
What is the degree of competition in the global aerogel market?
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