Aerogel Market By Form (Blanket, Particle, Panel, Monolith), By Type (Silica, Polymers, Carbon, Others), By End Use Industry (Building and Construction, Oil and Gas, Automotive, Aerospace, Performance Coatings, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global aerogel market was valued at $1.3 billion in 2022, and is projected to reach $7.5 billion by 2032, growing at a CAGR of 19.4% from 2023 to 2032.
Aerogel is a highly porous solid material with extremely low density, typically composed of silica, carbon, or metal oxide. It is sometimes called frozen smoke or blue smoke due to its translucent appearance. Aerogel is created by removing the liquid from a gel using supercritical drying, leaving behind a solid material with a very low density and high surface area.
Aerogel has a variety of uses due to its unique properties. It is an excellent insulator, as it has very low thermal conductivity and can withstand high temperatures. It is also used as a lightweight structural material, as it is very strong despite its low density. Other common uses of aerogel include in aerospace applications, as a catalyst support, and in electronics as a dielectric material. Additionally, aerogel has been used in clothing and personal protective equipment for its insulating properties.
Aerogel has several unique properties that make it useful for a wide range of applications. These include extremely low density (typically less than 0.2 g/cm3), high surface area (up to 1000 m2/g), low thermal conductivity (typically less than 0.03 W/mK), and high porosity (up to 99.8%). Aerogels can be made from a variety of materials, but silica aerogel is the most common type. Silica aerogel is typically made by combining a silica gel precursor with a solvent, and then removing the solvent under conditions of high pressure and temperature.
The aerogel market is segmented into form, type, end-use industry, and region. On the basis of type, the market is categorized into blanket, particle, panel, and monolith. On the basis of type, the market is categorized into silica, polymers, carbon, and others. On the basis of end-use industry, it is classified into building & construction, oil & gas, automotive, aerospace, performance coatings, and others. Region-wise the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Based on form, the blanket segment dominated the global aerogel market. Aerogel blankets are lightweight, highly insulating materials that can be used in a variety of applications where thermal insulation is required. They are often used in aerospace and industrial applications, as well as in building insulation and protective clothing. Aerogel blankets can be used as insulation in homes and buildings to improve energy efficiency and reduce heating and cooling costs.
Based on type silica segment dominated the market in terms of revenue in 2022. Silica aerogel is being researched as a potential material for energy storage, particularly in batteries and supercapacitors. Silica aerogel has been used to clean up oil spills and other environmental contaminants. It can absorb up to 900 times its weight in oil and is also effective at removing heavy metals and other pollutants.
By end-use industry, the oil and gas segment dominated the global aerogel market in 2022. Aerogel materials can be used to insulate subsea pipelines, manifolds, and other equipment used in the production and transportation of oil and gas. This can help to maintain the temperature of the fluids being transported and improve the efficiency of subsea equipment. Aerogel particles can be added to drilling fluids to improve their thermal insulation properties in the oil and gas industry. This can help to maintain the temperature of the drilling fluid and improve the efficiency of the drilling process.
In addition, the report covers profiles of key industry participants such as Active Aerogels, Aerogel Technologies, LLC., Armacell, Aspen Aerogels, Inc., BASF SE, Cabot Corporation, Dow, Guangdong Alison Hi-Tech Co., Ltd., Svenska Aerogel AB and Thermablok Aerogels Limited. In September 2022, Armacell launched ArmaGel HTL, a special, non-combustible aerogel blanket for industrial applications where non-combustibility, thermal performance, and corrosion under insulation mitigation are crucial. Furthermore, ArmaGel HTL is one of the easiest, fastest, and most affordable ways to increase energy efficiency. An efficient worldwide reaction to climate change is made possible by this aerogel blanket's outstanding thermal performance.
Russia Ukraine War Impact on Aerogel Market
The Russia-Ukraine conflict has the potential to disrupt the global aerogel market in several ways. First, Russia is one of the major producers of raw materials used in the production of aerogel. If the conflict results in disruptions in the supply chain of these raw materials, it could lead to a shortage of aerogel in the market and potentially drive up the prices.
The conflict could also affect the demand for aerogel in Ukraine and other countries in the region. If the conflict results in a slowdown in the economy or a decline in the construction and manufacturing sectors, it could lead to a reduction in the demand for aerogel.
The impact of the Russia-Ukraine conflict on the aerogel market is difficult to predict with certainty, as it will depend on various factors such as the duration and intensity of the conflict, the extent of supply chain disruptions, and the overall economic conditions in the region.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the aerogel market analysis from 2022 to 2032 to identify the prevailing aerogel market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the aerogel market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global aerogel market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy FormBlanket
Particle
Panel
Monolith
By TypeSilica
Polymers
Carbon
Others
By End Use IndustryBuilding and Construction
Oil and Gas
Automotive
Aerospace
Performance Coatings
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
Rest of LAMEA
Key Market Players
Active Aerogels
Aerogel Technologies, LLC.
Armacell
Aspen Aerogels, Inc.
BASF SE
Cabot Corporation
Dow
Guangdong Alison Hi-Tech Co., Ltd.
Svenska Aerogel AB
Thermablok Aerogels Limited
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