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In Aerogel Market building insulation application is the fastest growing application segment at a CAGR of 35% by 2021.

03-14-2019 03:23 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

In Aerogel Market building insulation application is

Aerogel Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $1,926.6 million by 2021. Silica aerogel is expected to generate around three-fourths of the overall market revenue by 2021. The European aerogel market is projected to grow at the highest CAGR of 34.2% during the forecast period.

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Aerogel is a porous, dry solid material that exhibits a wide array of properties, such as low density, low thermal conductivity, and lightweight. The primary attributes of aerogel, such as reusability, recyclability, high durability, and thermal resistance, have fostered its adoption across numerous end-user industries such as oil & gas, automotive, aerospace, electronics, and others.

However, mass adoption of aerogel is strictly limited to these industries, owing to its relatively high pricing. However, application areas of aerogel are likely to be diversified with the advent of various cost-efficient manufacturing techniques. Supporting government policies related to green infrastructure in the European and Middle Eastern countries would promote the adoption of aerogel in the building insulation application segment.

In 2014, blanket aerogel was the most widely used aerogel in the market, accounting for about 71% share of the market. The other aerogels available in the market are particle, panel, and block aerogel. In 2014, oil & gas was the major revenue-generating segment in terms of application, garnering about a three-fourths share of the overall market revenue. Building insulation is one of the fastest growing application segment, owing to the increasing implementation of green infrastructure policies, globally, especially in Europe, North America, and the Middle East.

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Key Findings of Aerogel Market

- Electronics application segment is projected to grow at a CAGR of 36.9% from 2015 to 2021.
- Oil & gas segment is expected to maintain its dominance in the application segment during the forecast period.
- Aerospace, automotive, healthcare, and chemical industries jointly accounted for around one-fifth share of the overall market revenue in 2014.
- Particle/powdered aerogel is likely to exhibit the highest growth during the analysis period.
- In 2014, Asia-Pacific and LAMEA collectively accounted for around 40% share of the market.
- In 2014, North America accounted for more than 40% share of the global market, owing to the increasing demand for aerogels in oil & gas industries based in the United States and Canada.
- However, Europe is expected to be the fastest growing region in the global aerogel market owing to stringent government regulations of the European Union which have further facilitated the implementation of green infrastructure.

The prominent players profiled in this report include Aspen Aerogels, Inc., American Aerogel Corporation, Cabot Corporation, Dow Corning Corp., Svenska Aerogel AB, BASF SE, Airglass AB, JIOS Aerogel, Active Space Technologies, and Acoustiblok UK Ltd., and others.

3 MARKET OVERVIEW

3.1 Difference between virgin and fabricated aerogel
3.1.1 Virgin Aerogel
3.1.2 Fabricated aerogel

3.2 Market Definition and Scope

3.3 Key Findings
3.3.1 Top Impacting factors
3.3.2 Top Investment Pockets
3.3.3 Top Winning Strategies

3.4 Porters Five Forces Analysis
3.4.1 High bargaining power of suppliers
3.4.2 Low bargaining power of customers
3.4.3 Moderate competitive rivalry
3.4.4 Low threat of substitutes
3.4.5 Low threat of new entrants

3.5 Value chain analysis

3.6 Market Share analysis

3.7 Market dynamics

3.7.1 Drivers
3.7.1.1 Efficient thermal resistance
3.7.1.2 Reusability and recyclability of aerogel driving the adoption
3.7.1.3 Lighter and thinner alternative to conventional insulations
3.7.1.4 High durability and protection from fire
3.7.2 Restraints
3.7.2.1 High cost of production
3.7.2.2 Dependence on general economic conditions

3.7.3 Opportunities

3.7.3.1 Future growth in application domains
3.7.3.2 Effective Substitution of fiberglass, foam, and cellulose
3.7.3.3 Safety & protective equipment
3.7.3.4 Apparel for cold regions
3.7.3.5 To clean oil spills
3.7.3.6 Advanced carbon aerogel for energy applications
3.7.3.7 Polymer aerogel for space suit insulation

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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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