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Global Silica Aerogel Market Expected to Witness a Sustainable Growth over 2023
Aerogel is a synthetic porous ultralight material derived from a gel, in which the liquid component of the gel has been replaced with a gas. The result is a solid with extremely low density and low thermal conductivity.
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Global Silica Aerogel Market: Forecast by Type / Application / Region
Silica aerogel is the most common type of aerogel, and the most extensively studied and used. It is silica-based, derived from silica gel. The lowest-density silica nanofoam weighs 1,000 g/m3, which is the evacuated version of the record-aerogel of 1,900 g/m3. Silica aerogels also have a high optical transmission of ~99% and a low refractive index of ~1.05.
Global silica aerogel market size was estimated at USD 230.82 million in 2016 and is likely to witness significant growth over the next seven years owing to its rising demand from various end-use industries including building insulation, oil & gas consumables, transportation, aerospace & defence materials, etc. Silica aerogel panels and blankets formed through adhesion to a variety of fibrous material in the gelation or post-synthesis will not be the only product to shape this industry over the next decade. There will be notable rises for both silica aerogel powder and granule particles as well as polymer aerogel products. The silica particles can be incorporated in a range of solid and liquid products post-synthesis, translating many of the properties from the pure form into traditional products.
The global silica aerogel industry is competitive with major companies involved in continuous product innovation and R&D activities. Key players include Aspen Aerogels Inc., Cabot Corporation, Aerogel Technologies and several Chinese companies like Nano High-Tech and Guangdong Alison Hi-Tech. Aspen Aerogels is the global leader in this industry, with revenue of over 115.34 Million USD in 2016, namely 49.97% of the total market.
Over the next five years, LPI(LP Information) projects that Silica Aerogel will register a 17.0% CAGR in terms of revenue, reach US$ 630 million by 2023, from US$ 250 million in 2017.
Global Silica Aerogel Market: Key Players
Aspen Aerogels
Cabot Corporation
Aerogel Technologies
Nano High-Tech
Guangdong Alison Hi-Tech
Active Aerogels
Enersens
Jios Aerogel Corporation
Insulgel High-Tech
Guizhou Aerospace
Green Earth Aerogel Technologies (GEAT)
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Related Information:
United States Silica Aerogel Market Research Report 2018
Europe Silica Aerogel Market Research Report 2018
North America Silica Aerogel Market Research Report 2018
Asia-Pacific Silica Aerogel Market Research Report 2018
China Silica Aerogel Market Research Report 2018
EMEA Silica Aerogel Market Research Report 2018
Global Silica Aerogel Market Research Report 2018
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