Aerogel Market Size, Share, Growth, Forecast, Analysis, Forecast | Valuates Reports

Aerogel Market Size

The global aerogel market was valued at USD 701.0 Million in 2019, and is projected to reach USD 1,395.5 Million by 2027, registering a CAGR of 9.3%.

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Aerogel Market Trends

The growth of the aerogel market is primarily driven by the development of the building and oil & gas industries. This is attributed to the fact that aerogel coatings are used in the oil & gas industry as insulators. Oil & gas or in particular petroleum industry carries volumes of unprocessed oil materials through pipes. Aerogel, due to its properties of chemical inertness and lower heat conductance, acts as an ideal choice for pipe insulation and protection.

Owing to its special molecular structure, it acts as a barrier for heat transfer, hence, aerogel does not show tendency of melting down. In the construction industry, aerogel-based blankets are increasingly being used to insulate roofs and walls of buildings. Aerogel is the much lighter than other conventional insulation products. Hence, with much thinner coating, it is able to provide more resistance than the conventional plastic foam and glasses, due to its lightweight. Thinner coating of aerogel can provide similar insulation effect as compared to plastic foam and glass. For example, thermal sensitivity value of aerogel is ~R 10 per inch, whereas that of plastic foam versions such as for XPS ~R 5 per inch, for EPS ~R 4 per inch, and for PU ~R 6 per inch.

Furthermore, by having low density and low thermal conductivity, aerogel is considered as an ideal material for thermal protection. Owing to such protective performance, it is embedded in fire fighter's protective clothing and is being incorporated in apparels such as shoes and jackets.

Moreover, the development of the aerospace and automotive industries significantly contribute toward the growth of the global market.

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Aerogel Market by Raw Materials (Silica, Carbon, Alumina, and Others), Form (Blanket, Particle, Block, Panels, and Others), and Application (Building Insulation, Oil & Gas, Aerospace, Automotive, Healthcare, Chemical, Electronics, Apparel, and Other): Global Opportunity Analysis and Industry Forecast, 2020-2027

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Similar Reports:

1. Blanker Aerogel Market: https://reports.valuates.com/market-reports/QYRE-Auto-39I7820/global-blanket-aerogel

2. Graphene Aerogel Market: https://reports.valuates.com/market-reports/QYRE-Auto-14I8482/global-graphene-aerogel

3. Inorganic Aerogel Market: https://reports.valuates.com/market-reports/QYRE-Auto-26P7189/global-inorganic-aerogel

4. Polymer Aerogel Market: https://reports.valuates.com/market-reports/QYRE-Auto-30Q6951/global-polymer-aerogel

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