Japan 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): Opportunity Analysis and Industry Forecast, 2023-2032
The Japan aerogel market is expected to witness significant growth due to rise in demand for insulation materials from the construction and automotive industries. Aerogel is an ultra-lightweight, rigid, and porous material supplied in soft mats, particulates, or panels consisting of low-density solid networks. The high permeability of air with low thermal conductivity provides three specific advantages of aerogel, including soundproofing, insulation, and light transmission. Aerogels built from silica, polymers, carbon, and other organic & inorganic materials have gained popularity in several end-use sectors, including building & construction, automotive, aerospace, oil & gas, and performance coatings.
Rise in demand for building automation, increase in investment for improving energy efficiency, and the drive to meet stringent environmental regulations are some of the key factors that are expected to drive the growth of the Japan aerogel market. Moreover, development of advanced construction materials to reduce energy consumption is expected to drive the market growth. However, high cost associated with the procurement & manufacturing of aerogels and lack of awareness about its applications are some of the major restraints for the growth of the Japan aerogel market. As a result of this, governments in various countries, including Japan are trying to support R&D activities for aerogels to reduce its costs and make it affordable for end users.
On the contrary, rise in focus of manufacturers toward the development of advanced technologies, such as nanotechnology and hydrocarbon-based materials, present promising opportunities for the Japan aerogel market growth. Moreover, rise in trend of using aerogel insulation blankets for exterior walls & attics of residential & commercial buildings is projected to generate immense opportunities during the forecast period.
In terms of form, the Japan aerogel market is segmented into blanket, particle, panel, and monolith. Among these segments, the blanket segment is predicted to show significant growth in the coming years. This is attributed to rise in applicability of aerogels in the building & construction sector for insulation purpose. By type, the Japan aerogel market is segmented into silica, polymers, carbon, and others. Carbon is the most prominent segment in this category and is expected to witness robust growth in the coming years. This is primarily due to increase in application of aerogels in the oil & gas industry for exploration & extraction activities.
In terms of end-use industry, the Japan aerogel market is segmented into oil & gas, automotive, aerospace, building & construction, and performance coating sectors. Among these segments, the building & construction segment holds the dominant share of the Japan aerogel market, due to increase in use of aerogel insulation materials in residential & commercial buildings. Furthermore, the upcoming trends that are expected to drive the market growth include increase in focus on nanomaterials and strong demand for energy-efficient technologies. In addition, surge in demand for lightweight aerogel materials in different industrial applications is driving the Japan aerogel market growth.
Furthermore, key growth opportunities for the Japan aerogel market can be attributed to increase in popularity of smart technologies used in buildings such as the Internet of Things (IoT) and 5G. With introduction of such technologies, demand for aerogel insulation materials is likely to grow, as they are very lightweight and easy to install. Moreover, increase in investments for R&D activities related to aerogel manufacturing is projected to generate numerous opportunities in the forthcoming years. Various initiatives taken by the government to encourage the use of such materials in construction activities are anticipated to positively influence the market growth.
Various regulations have been implemented to reduce energy consumption and carbon gas emissions by the end-use industries such as automotive, building & construction, oil & gas, and aerospace. To comply with these regulations, key players in the market are focusing on adopting energy efficient measures, such as advanced aero glazing. The Japan Ministry of Economy, Trade and Industry is focused on boosting the construction of ‘green’ buildings by introducing various types of subsidies. Such regulations have motivated several architects and builders to use energy-efficient aerogel insulation materials in construction activities.
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Key Market SegmentsBy FormMonolith
Blanket
Particle
Panel
By TypeSilica
Polymers
Carbon
Others
By End Use IndustryBuilding and Construction
Oil and Gas
Automotive
Aerospace
Performance Coatings
Others
Key Market PlayersAsahi Kasei Corporation
Cabot Corporation
SELEE Corporation
Showa Denko K.K.
Mitsubishi Chemical
Toyota Industries Co., Ltd.
Sumitomo Chemical Company
JXTG Holdings
Unitika Ltd
Nitto Denko Corporation
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