Global Silica Aerogel Market Size, Share, Development, Growth and Demand Forecast to 2022 | Cabot Corporation, BASF, Ocellus, Inc., JIOS Aerogel, Svenska Aerogel AB, Aspen Aerogels, DuPont

Due to silica aerogel’s various beneficial properties such as superior thermal insulation, lightness, and environment-friendly nature, its application is increasing, thereby leading to the growth of the silica aerogel market. In 2015, the market generated revenue of $273.0 million, and it is predicted to progress at a CAGR of 31.1% during the forecast period (2016–2022). Silica aerogel is a lightweight solid material produced by means of sol-gel chemistry. It is obtained from a gel, in which the liquid substance is replaced by gas.

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Based on form, the silica aerogel market is broadly categorized into blanket, panel, and monolith. Out of these, during the historical period (2012–2015), the blanket category dominated the market in terms of sales volume and revenue, and it is predicted to maintain its dominance during the forecast period. Silica aerogel blanket products, sold in multiple thicknesses, can be consumed as thermal insulation in industrial, apparel, and building applications. These are widely adopted for applications where thin product is required, as these that can be easily cut, rolled, and shaped at construction areas.

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Thus, due to their various advantageous properties, blankets are being heavily used, which, in turn, is boosting the growth of the market. On the basis of application, the silica aerogel market is mainly classified into oil & gas, industrial insulation, transportation, aerospace & defense, and building insulation. Among these, during 2012–2015, the oil & gas classification led the market in terms of value and sales volume, and it is expected to continue leading it during 2016–2022, owing to the rising focus on efficient insulation systems to adhere to environmental regulations.

Europe to be the fastest-growing market for silica aerogel, globally

North America was the largest market for silica aerogel in 2015. This can be attributed to the continuous research and development (R&D) on silica aerogel in the region. Apart from key market players, the National Aerospace and Space Administration (NASA) has explored the applications of different types of aerogel. Besides, with financial assistance from NASA's Fundamental Aeronautics Program (Hypersonic and Subsonic Fixed Wing Projects) as well as the Exploration Systems Mission Directorate, the Glenn Research Center of NASA has come up with methodologies that can transform the aerogel technology.

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Among all regions, Europe is expected to be the fastest-growing silica aerogel market during the forecast period. The energy-efficiency policies implemented by the European Union that mandate every building in the region to cut its greenhouse gas emissions by up to 20% by 2020 (under the colloquially named “20-20-20” plan) as well as the expanding building insulation industry are resulting in the rapid growth of the market in Europe.

LIST OF TABLES

TABLE 1: SPECIFIC PRIMARY AND SECONDARY SOURCES USED FOR THIS PUBLICATION

TABLE 2: GLOBAL SILICA AEROGEL MARKET SNAPSHOT

TABLE 3: DRIVERS FOR THE MARKET: IMPACT ANALYSIS

TABLE 4: RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS

TABLE 5: GLOBAL SILICA AEROGEL MARKET, BY FORM, TON (2012 – 2015)

TABLE 6: GLOBAL SILICA AEROGEL MARKET, BY FORM, TON (2016 – 2022)

TABLE 7: GLOBAL SILICA AEROGEL MARKET, BY FORM, $M (2012 – 2015)

TABLE 8: GLOBAL SILICA AEROGEL MARKET, BY FORM, $M (2016 – 2022)

TABLE 9: GLOBAL SILICA AEROGEL MARKET, BY APPLICATION, TON (2012 – 2015)

TABLE 10: GLOBAL SILICA AEROGEL MARKET, BY APPLICATION, TON (2016 – 2022)

TABLE 11: GLOBAL SILICA AEROGEL MARKET, BY APPLICATION, $M (2012 – 2015)

TABLE 12: GLOBAL SILICA AEROGEL MARKET, BY APPLICATION, $M (2016 – 2022)

TABLE 13: GLOBAL SILICA AEROGEL MARKET, BY REGION, TON (2012 – 2015)

TABLE 14: GLOBAL SILICA AEROGEL MARKET, BY REGION, TON (2016 – 2022)

TABLE 15: GLOBAL SILICA AEROGEL MARKET, BY REGION, $M (2012 – 2015)

TABLE 16: GLOBAL SILICA AEROGEL MARKET, BY REGION, $M (2016 – 2022)

TABLE 17: NORTH AMERICA SILICA AEROGEL MARKET, BY FORM, TON (2012 – 2015)

TABLE 18: NORTH AMERICA SILICA AEROGEL MARKET, BY FORM, TON (2016 – 2022)

TABLE 19: NORTH AMERICA SILICA AEROGEL MARKET, BY FORM, $M (2012 – 2015)

TABLE 20: NORTH AMERICA SILICA AEROGEL MARKET, BY FORM, $M (2016 – 2022)

TABLE 21: NORTH AMERICA SILICA AEROGEL MARKET, BY APPLICATION, TON (2012 – 2015)

TABLE 22: NORTH AMERICA SILICA AEROGEL MARKET, BY APPLICATION, TON (2016 – 2022)

Continued......

LIST OF FIGURES

FIG 1: RESEARCH SCOPE FOR GLOBAL SILICA AEROGEL MARKET

FIG 2: RESEARCH METHODOLOGY FOR GLOBAL SILICA AEROGEL MARKET

FIG 3: GLOBAL SILICA AEROGEL MARKET SPLIT BASED ON VOLUME, BY REGION (2015)

FIG 4: GLOBAL SILICA AEROGEL MARKET SPLIT BASED ON VALUE, BY REGION (2015)

FIG 5: GLOBAL SILICA AEROGEL MARKET, TON (2012 – 2022)

FIG 6: GLOBAL SILICA AEROGEL MARKET, $M (2012 – 2022)

FIG 7: GLOBAL SILICA AEROGEL MARKET SPLIT, BASED ON VOLUME, BY FORM (2015)

FIG 8: GLOBAL SILICA AEROGEL MARKET, BY FORM, TON (2012 – 2022)

FIG 9: GLOBAL SILICA AEROGEL MARKET SPLIT, BASED ON VALUE, BY FORM (2015)

FIG 10: GLOBAL SILICA AEROGEL MARKET, BY FORM, $M (2012 – 2022)

FIG 11: GLOBAL BLANKET SILICA AEROGEL MARKET, TON (2012 – 2022)

FIG 12: GLOBAL BLANKET SILICA AEROGEL MARKET, $M (2012 – 2022)

FIG 13: GLOBAL PANEL SILICA AEROGEL MARKET, TON (2012 – 2022)

FIG 14: GLOBAL PANEL SILICA AEROGEL MARKET, $M (2012 – 2022)

FIG 15: GLOBAL MONOLITH SILICA AEROGEL MARKET, TON (2012 – 2022)
Continued.....

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