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Aerogel Insulation Market Trends 2020 by Top Players Johns Manville, Cabot Corporation, Armacell, BASF
Aerogel Insulation Market
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Building and construction is anticipated to hold over 29% share in the overall aerogel insulation market over the forecast time frame. Increasing new construction & architectural techniques catering the demand for high end insulation material will foster the segment growth. In addition, several initiatives such as energy efficient directive (EED) implemented by EU to boost energy performance of buildings will further enhance the business expansion.
Carbon will observe significant gains exceeding 15% CAGR in the overall aerogel insulation market over the projected time period. Increasing application of carbon material in the electronic industry owing to its electrically conductive nature will further augment the segment size. These material stands to benefit from existing regulation such as environmental or chemical standards like the REACH regulation. Long terms strategic partnerships with raw material suppliers to reduce operational cost are the among the key strategies that are adopted by the industry participants.
Global industry share is competitive in nature owing to the presence of several global and regional players. Major companies present in the business include
o BASF
o Aerogel technologies
o Aspen, Svenska
o Enersen SAS
o Cabot Corporation
o Nano High-Tech
o Guangdong Alison Hi-Tech
o Active Aerogels
o Jios
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Asia Pacific is anticipated to surpass USD 350 million in the overall aerogel insulation market by 2025. Rapid economic growth and low interest rates in the real estate sector will continue to drive the business size. An upsurge in urban development owing to the surging industrialization and massive push in the residential buildings sector will provide positive scope for the industry share. Increasing trend in the discretionary income and credit availability has boosted the demand for consumer durables. Favorable investment schemes to boost regional construction sector will further support the demand of overall aerogel insulation market.
Steady inflation in the oil & gas industry owing to the constant supply from oil rich economies across the globe will stimulate the demand for aerogel insulation market share. Key product applications in supercapacitors, padding for heat storage in automobiles, and electrodes for capacitive deionization supports the product portfolio. Besides, major properties of aerogel afford their suitability for many applications in high-tech commercial field such as waste management, super insulating jackets, and nuclear particle detection.
Aerogel Insulation Industry, By End-Use
o Oil & gas
o Building & construction
o Automotive, aerospace & marine
o Performance coatings
o Others (electronics)
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Global players are making substantial investments in several technological advancements and innovations for strengthening their foothold in the overall aerogel insulation market across the globe. For instance, BASF SE announced strategic partnership with Aspen on 3rd April 2019, which will help both companies to manufacture and distribute new non-combustible and superior-quality thermal insulation product SLENTEX for global market.
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