Aerogel Market is Expected to Reach $1,896.6 Million, Globally, by 2020

105 Pages Report

Published Date: 18 March 2014Published Date : 07 April 2014

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Table of Content

1. Introduction

2. Executive Summary

3. Global 3D Technology Market Overview

4. Global 3D Technology Market by Products

5. Global 3D Technology Market by Applications

6. Global 3D Technology Market by Geography

7. Company Profiles

Introduction

Scope of the Report

Key BenefitsKey Audiences

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. GLOBAL AEROGEL MARKET BY RAW MATERIAL

5. GLOBAL AEROGEL MARKET BY FORMS

6. GLOBAL AEROGEL MARKET BY APPLICATIONS

7 . GLOBAL AEROGEL MARKET BY GEOGRAPHY

8. COMPANY PROFILES

Table of Contents

Description

Invention of Aerogel is a result of combined research and development in material science and technology. Aerogel is derived by replacement of the liquid component of the gel with a gas. It is mesoporous solid foam; composed of an interconnected nanostructure network that exhibits minimum 50% porosity. Though being solid, it is an extremely porous material and is lightweight. Its low thermal conductivity feature makes it a perfect material to be used as building insulator. Moreover, aerogel sponge can be recycled after being used in oil spills application, which signifies its eco-friendly and cost effectiveness.

These features create options for its usage in many verticals such as oil & gas, aerospace, healthcare, electronics, building insulation, and such others. The global aerogel market was valued at $221.8 million in 2013 and it is estimated to reach $1,896.6 million by 2020, growing at a CAGR of 36.4% during the forecast period (from 2014 – 2020). With ongoing advancements in innovation of the materials and discovery of new application areas, market is expected to build more strength with time.High production cost is the primary restraining factor for this market, as the burden eventually slides towards the consumers.

Moreover, the industries such as petroleum, construction, power generation, etc. are vulnerable to cross-boundary economic conditions and hence, the dependent markets such as aerogel face sales side pressure in adverse economic conditions. On the other hand, the global aerogel market has numerous opportunities in future. Due to its thermal protective performance, aerogel could be embedded in firefighter’s protective gears.

The report provides in-depth analysis of the current market scenario and offers expected future trends that would assist stakeholders in taking strategic and actionable decisionsQuantitative analysis of the current market and estimations through 2013-2020  Analysis of the market factors in various geographic regions helps understand business opportunitiesIdentification of key investment pockets for various applications, services and geographiesIdentification of key players and their business performance analysis based on strategies followed by them  Identification of key application segments based on future potential and growth prospectsTop factors that are expected to affect the growth of the market along with impact analysis of every such factor

KEY BENEFITS

Aerogel Market Analysis Types

Aerogel Raw Material Market Analysis

Based on raw materials, the market is segmented into silicon, carbon, aluminum and other aerogel. In 2013, silica aerogel was the largest revenue-generating segment and this segment would experience substantial market growth in the coming years. Silica aerogel has a wide range of application that contributes to its market growth and they are building insulation, acoustic insulation, oil & gas, automotive thermal insulation, chemical, cryogenics, health care, and so on. Other aerogel is the fastest growing segment with a CAGR of 52.0% during the forecast period, largely due to smaller base

Aerogel Form Market Analysis

Blankets, particles, blocks and panels are the major forms in which aerogel is currently being used. In 2013, blanket constituted the largest segment in the aerogel market and is expected to experience substantial growth in coming years. Panels segment is the fastest growing with a CAGR of 41.0% during the forecast period. Due to its lower thermal conductivity, aerogel panels are used in a wide range of applications such as skylights, sloped sunrooms, conservatories, greenhouses, curtain and interior walls, walkways and canopies. In addition to that, the recently launched polyurethane aerogel insulating panel is very thin and has an easy production process. This factor is triggering the growth of aerogel panels segment. 

Aerogel Market Analysis Types

Aerogel Application Market Analysis

Aerogel have a number of applications such as building insulation, oil & gas, aerospace, automotive thermal management, health care, chemical, electronics, thermal & acoustic insulation, and such others. In 2013, building insulation application generated the largest revenue and this market would experience substantial market growth in coming years. Acoustic insulation application is the fastest growing application segment at a CAGR of 46.3% during the forecast period. The high porosity of aerogel dampens the sound velocity within it, resulting in high sound absorption capacity. This characteristic of aerogel promotes its use as an acoustic solution.  Geography Market Analysis

Within geography markets, segmented into North America, Europe, Asia Pacific, and Latin America, Middle East and Africa (LAMEA), North America was the largest revenue-generating region market. European region is the fastest growing geographical segment with a CAGR of 38.4% during the forecast period. European governments’ green initiatives are pushing the market growth by catalyzing the need of building and industrial insulators. 

Aerogel Market Competitive Analysis & High Level Analysis

Competitive Analysis The strategies followed by key players in this market present a clear understanding about their intensity and concentration in specific business segment. Strategic analysis of the companies reveals that most of them are concentrating on product launch followed by collaboration and agreement for their business expansion, to diversify their products, and to explore new areas of applications. The agreements among the companies are focused to enhance their operations and services. Most of the agreements are related to market expansion and development of product for insulation application. Collaboration and joint venture were among other strategies adopted by market payers for the expansion of their business. These strategies resulted in the advancement of the technology and diversification of the products in the untapped areas. 

High-Level AnalysisThe Porter’s five-force analysis measures the competitive scenario of the aerogel market. The bargaining power of supplier is evaluated to be moderate to high as there are few suppliers present in the market. Though aerogel is turned out to be a better-insulation solution compared to conventional material, manufacturers have to increase the product price to meet their production cost, which is still at the higher side. Therefore, the high cost results high threat of substitutes. Top investment pocket analysis evaluated building insulation as the most promising sector for investments in future. This market possesses huge growth potential; however, cash flow in this sector at present is comparatively low.

Global Aerogel Market Overview

   Restraints GlobalAerogelMarket

OverviewDrivers

Market Definition and

Scope

Key Findings

Value chain analysis

Porter’s Five Forces

Analysis

Market Share Analysis

  Case studies

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Market Dynamics

Key Market Drivers

Market Restraints

  High cost of Production

Market Dynamics

High durability and protection

from fire.

Lighter & thinner

alternative to conventional insulations

Reusability & recyclability of aerogel driving

the adoption

Efficient thermal

resistance

Economic and scientific obstacles

Low price of competing

technologies

Silica Aerogel

Carbon Aerogel

Alumina AerogelOther types of Aerogel

Based on processing

GLOBAL AEROGEL MARKET BY RAW MATERIALS

GLOBAL AEROGEL MARKET BY FORM

Global Aerogel Market

by Form

GLOBAL AEROGEL MARKET BY APPLICATIONS

Market By

Applications

Oil & Gas

Building Insulation

Aerospace

Automotive Thermal Management

Chemicals

Healthcare

Other Applications

GLOBAL AEROGEL MARKET BY, GEOGRAPHY

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What would you like to know more about this Study ? Global Industry Analysis

Market Size

Market Share

Market Trends

Opportunities and Forecast

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