Aerogel Market Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2022-2027

Author: Elena Anderson, Marketing Manager |

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Global Aerogel Market Research Report:

The latest report by IMARC, titled “ Aerogel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” " the global aerogel market reached a value of US$ 788.8 Million in 2021. Aerogel is a synthetic and translucent solid with extremely low density. It is manufactured by combining a polymer with a solvent that forms a gel. The liquid element of the gel is further replaced with air in a high-temperature environment to create a solid with high porosity. Also known as frozen smoke, solid smoke, solid air and blue smoke, aerogel is light in weight, has a high surface area and energy dampening properties, and is characterized by very low thermal conductivity and optical index of refraction. It is considered to be one of the finest insulation materials available in the market and finds a vast array of applications across industrial and commercial sectors.

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Global Aerogel Market Trends :

The global market is primarily driven by a significant increase in the demand for aerogels from numerous end use industries. They are extensively used in the oil and gas sector for insulation purposes. Since insulation is crucial for temperature control in the industry, and aids in reducing thermal loss while improving efficiency at the same, it is being increasingly adopted in the oil and gas sector for various operations. Aerogels are also widely used in the building and construction industry, owing to their excellent insulation properties. These solids are increasingly replacing traditional insulation materials, such as perlite, mineral wool and polyurethane foam, on account of their higher thermal efficiency. Aerogels are also thinner as compared to the other materials, which makes them a preferred choice for construction purposes as thinner insulation materials offer superior loading capacity with additional floor area. Apart from this, they are also utilized for the manufacturing of wetsuits and spacesuits in the aerospace industry. Manufacturers are also focusing on the development of polymer-based variants with improved strength and flexibility, which is anticipated to create a positive outlook for the market. The advent of organogels is further providing a stimulus to the market growth. These monolithic aerogels are made up of self-assembled small organic molecules and are derived from a single amino-acid based supramolecular gel. They have extremely low densities and are considered to be much lighter than traditional variants. On account of the aforementioned factors, the market is projected to reach a value of US$ 1,391.6 Million by 2027, expanding at a CAGR of 10.09% during the forecast period (2022-2027).

Looking forward, the market value is projected to reach a strong growth during the forecast period (2022-2027).

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Market Summary:

Breakup by Processing:

• Virgin

• Composites

• Additives

Breakup by Type:

• Silica

• Polymer

• Carbon

• Others

Breakup by Form:

• Blanket

• Particle

• Panel

• Monolith

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Breakup by Application:

• Oil and Gas

• Construction

• Transportation

• Electronics

• Others

Regional Insights:

• North America

• Europe

• Asia Pacific

• Middle East and Africa

• Latin America

Note: We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report.

Competitive Landscape with Key Players:

BASF SE

Cabot Corporation

The Dow Chemical Company

JIOS Aerogel Corporation

Svenska Aerogel

Holding AB

Enersens SAS

Active Aerogels

Nano Tech Co. Ltd.

Guangdong Alison Hi-Tech Co. Ltd.

Intelligent Insulation Ltd.

Surnano Aerogel Co. Ltd.

TAASI Corporation

Protective Polymers Ltd.

• Green Earth Aerogel Technology SL

View Full Report with TOC & List of Figure: https://www.imarcgroup.com/aerogel-market

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