Global Silica Aerogel Market is Expected to Expand at a CAGR of 30% Over the Forecast Period i.e. 2016-2024

Posted October 17, 2018 by Steveblade

Global silica aerogel market accounts for some USD 125 million with approximately 12,680 metric tons of silica aerogel produced in 2016
Global silica aerogel market accounts for some USD 125 million with approximately 12,680 metric tons of silica aerogel produced in 2016, and the oil and gas sector accounted for the highest revenue share of the market. The market is projected to grow, particularly given its growing use for the insulation purposes. Silica aerogel’s admiration has been generated through technology innovations in their production as lighter, strong and more environment friendly materials. This is specifically the case in the consumption of aerogels as a high performance insulating material. Some of the major benefits of this aerogel such as high thermal insulation, lightweight, flexibility and durability are the major factors why they are being preferred over conventional insulators. This has provided a major boost to the market for silica aerogel.

Focus on development of silica aerogel products and technology to widen the application portfolio of silica aerogel is one major trend driving the growth of silica aerogel market. Most of R&D activities are aim to advance the insulation performance and to reduce the aerogel manufacturing costs. The optical transparency property of silica aerogel allows its major use for insulating window facades and window panels, but this is only one of the possible applications in the building construction industry. Aerogel blankets/panels also have been industrialized to as insulation panels for building walls and grounds.

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“Global Silica Aerogel Market Outlook, 2016-2024” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, competitive analysis includes the in-depth analysis of the major players and leaders in silica aerogel industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler and others. Our primary research team conducted various interviews, surveys and group discussions of industry professionals, electric vehicle manufacturers, aftermarket vendors and component suppliers to analyze the future prospects of the overall silica aerogel industry.

Global Silica Aerogel Market Segmentation can be classified on the basis of:-

By Silica Aerogel Form

• Blanket
• Monolith
• Panel
• Others (Blocks, Particles, Tiles etc)

By Silica Aerogel End Use Industry

• Oil and Gas
• Building and Construction
• Aerospace
• Marine
• Others (defense materials, transportation, etc)

By Region

• North America (US, Canada) {Market Share (%), Market Size (USD Billion), Production (By Volume)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Production (By Volume)}
• Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Production (By Volume)}
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Production (By Volume)}
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Production (By Volume)}

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Market Trends, Drivers and Challenges

Growing demand for industrial usage, advantages over conventional insulating materials and research and development investments for improving the engineering process are the key factors driving the market for silica aerogel. These aerogel are finding aggregate applications in several industries like oil and gas, aerospace, building and construction, among others, owing to its excellent properties such as thermal insulation, strength and absorption qualities. However, despite their superior thermal properties, silica aerogels are still not used in the great amount in the construction industry due to its high production costs. The major reasons for the high manufacturing costs are expensive raw materials and complicated processing technology.

“Global Silica Aerogel Market Report” has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global silica aerogel market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

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Issued By Steve Blade
Country United States
Categories Consumer
Tags silica aerogel market , silica aerogel market report , silica aerogel market share
Last Updated October 17, 2018