Aerogel Market Size Worth US$ 886.1 Million by 2024 | CAGR 9%

Global Aerogel Market Research Report and Forecast 2024

Report Edition: 2019 © 2019 IMARC All Rights Reserved

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Report Description Global Aerogel Market Overview:

As per the latest report by IMARC Group, titled “Aerogel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024�, the global aerogel market size reached US$ 528.4 Million in 2018. Aerogel, also known as frozen smoke, is a translucent, synthetic solid-state substance, which has an extremely low density and a texture identical to foamed polystyrene. It is derived by substituting the liquid element of the gel with a gas in a high-temperature environment. Aerogel is light in weight, highly porous, offers excellent thermal insulating properties, and exhibits a high surface area and excellent energy damping (thermal, acoustic, and impact) properties. Owing to these advantages, aerogel is found in various industrial and commercial applications around the world.

Global Aerogel Market Trends At present, aerogel is widely utilized in the field of aerospace for space traveling. Owing to its various properties, aerogel is currently gaining traction in several industries, such as oil and gas, electronics, and construction. Besides this, it is extensively employed in wetsuits, spacesuits, fire suits, spacecraft and vehicles, owing to its superior thermal insulation property. It is also used as a superlight concrete and wall insulator in the construction sector.

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157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Million US$

in Million US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

For instance, the Sweden-based aerogel-based materials manufacturer, Svenska Aerogel, recently introduced a continuous aerogel production process to significantly minimize the overall manufacturing cost. Looking forward, the market value is projected to reach US$ 886.1 Million by 2024, expanding at a CAGR of around 9% during the forecast period (2019-2024).

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Apart from this, as it has a brittle nature and high manufacturing cost, manufacturers are focusing on developing polymer-based aerogels with increased strength and flexibility to expand their consumer base.

Key Market Segmentation: Market Segmentation by Type • • • •

Silica Polymer Carbon Others

Based on the type, the market has been segregated into silica, polymer, carbon and others.

Market Segmentation by Form • •

Blanket Particle

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Report Description • •

Panel Monolith

On the basis of the form, the market has been classified into blanket, particle, panel and monolith.

For more information, click here: https://www.imarcgroup.com/aerogel-market Market Segmentation by Processing • • •

Virgin Composites Additives

The market has been analyzed on the basis of the processing into virgin, composites and additives.

Market Segmentation by Application •

Oil & Gas

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Construction Transportation Electronics Others

Based on the application, the market has been divided into oil and gas, construction, transportation, electronics, and others.

Market Segmentation by Region • • • • •

North America Europe Asia Pacific Middle East and Africa Latin America

Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa.

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Report Description Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players.

• • • • • • • • • • • • • •

Aspen Aerogels BASF Cabot Corporation Dow Corning JIOS Aerogel Svenska Aerogel AB Enersens SAS Active Aerogels Nano High-Tech Guangdong Alison Hi-Tech Intelligent Insulation Surnano Aerogel Taasi Corporation Protective Polymers Ltd

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Report Description •

Green Earth Aerogel Technologies

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