Aerogels Market Business Growth Analysis 2018 - 2026: Top vendors Aspen Aerogels Inc. (U.S.), Cabot Corporation (U.S.), Aerogel Technologies LLC (U.S.), Nano High-Tech Co. Ltd. (China), Guangdong Alison Hi-Tech Co. Ltd. (China), Active Aerogels (Portugal)

Aerogel is a microporous, dense foam in which the liquid component is replaced by gas, making it the lightest solid. It exhibits high temperature resistance, low density, low optical index of refraction, low dielectric constant, high degree of porosity, high specific surface area, and thermal, acoustic, and impact damping properties. It can hold up to 4000 times its own weight. Aerogel sponge, can be recycled after use, thus indicating its ecological nature. Aerogel has important applications in the oil and gas, aerospace, healthcare, and electronic industries. High production cost and poor mechanical strength are major disadvantages of the aerogels market.

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This is a major advancement in the global aerogel market, as the widespread use combined with the biological nature of aerogel is projected to boost the aerogels market globally. The top companies of the market include Aspen Aerogels Inc. (U.S.), Cabot Corporation (U.S.), Aerogel Technologies LLC (U.S.), Nano High-Tech Co. Ltd. (China), Guangdong Alison Hi-Tech Co. Ltd. (China), Active Aerogels (Portugal), Enersens SAS (France), JIOS Aerogel Corporation (South Korea), and BASF SE (Germany).

The multi-disciplinary use of aerogels across various sectors is a major driver for growth of the aerogel market. This has led to various technological advancements in the market. However, aerogels are found to irritate the eyes, skin, respiratory tract, and digestive system. Small silica particles can lead to silicosis when inhaled. This results in dehydration of the skin and eyes. Hence protective gear including respiratory protection, gloves, and eye goggles need to be worn while handling aerogels.

Aerogels Market Outlook

In North America, the US is a major shale producer, enabling the use of aerogels in shale gas pipelines. This has resulted in North America being a major player in the shale market. NASA has successfully used aerogel as a hypervelocity particle capture and thermal insulator in its space missions. The U.S. is the top consumer of aerogel materials globally.

As the Middle East is a major oil exporter, the use of aerogels in its pipelines has increased. The Middle East has connections to various nations. The use of aerogels in its pipelines improves the ease of transport.

In Europe, the growth of the aerogel market depends mainly on the improving economies of countries such as the U.K. and Sweden. The subsequent increase in investment and technologies coupled with a rise in the number of new industrial establishments can lead to the development of Europe as a prominent market for aerogels.

In Asia, the development of the construction and automobile sector is an important factor for the growth of the aerogel market. Developing countries such as India and China have increased the use of aerogel for safer and efficient constructions of buildings, as thermal insulators.

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