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Thinner and Lighter Alternative of Traditional insulation materials

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Thinner and Lighter Alternative of Traditional insulation materials

December 01
16:08 2021
Thinner and Lighter Alternative of Traditional insulation materials
Browse 179 market data Tables and 66 Figures spread through 205 Pages and in-depth TOC on “Aerogel Market”
Aerogel Market by Type (Silica, Polymer, and Carbon), Form (Blanket, Panel, Particle, and Monolith), Processing (Virgin, Composites, and Additives), Application (Oil & Gas, Construction, Transportation, and Performance Coating)

Traditional insulation materials, such as polyurethane foam, mineral wool, rock wool, and stone wool have certain drawbacks. For example, thick layers of these materials are required to achieve the desired R-value, which result in loss of valuable floor space in case of new construction. For old buildings, it is even tougher to introduce high insulation level, as extra layers lead to changes in the esthetic appearance of a house. Hence, to fulfill energy standards set by various regulatory bodies and to avoid structural compromises in new constructions, aerogels are projected to be an ideal replacement for traditional insulation materials. Owing to their low thermal conductivity and less thickness, aerogel materials can save a substantial amount of energy, which otherwise would have been used for heating and cooling purposes. Aerogels are used for apparels in cold region, due to their properties, such as low weight and low thermal conductivity. They are also widely used for industrial insulation.

The aerogel market size is estimated to be USD 638 million in 2020 and is projected reach USD 1,045 million by 2025, at a CAGR of 10.4% between 2020 and 2025. The market is mainly driven by the rising demand for aerogel from the applications oil & gas, construction, transportation, performance coating, day-lightning & LVHS, and others. Factors such as super thermal resistance, thinner and lighter alternative will drive the aerogel market. North America is the key market for aerogel, globally, followed by Europe and Asia Pacific, in terms of volume and value.

To know about the assumptions considered for the study download the pdf brochure

Aerogels have significantly lower thermal conductivity (0.0004 W/m. K), which is 10 times lower than conventional insulation materials. The conduction through aerogels is made minimal by the solid structure and air molecules it possesses. Thus, the same insulation level (R-value) can be reached with a lesser volume of aerogel material than a conventional product, which results in valuable space savings. Usually, pores within the conventional insulation materials are found to be over 1mm in width and transfer energy via convection, but aerogel on the other side has pores as small as 20-40 nm.

The transportation segment is estimated to be the fastest growing application of the aerogel market

Unique properties, such as excellent thermal resistance, enhanced acoustic insulation, lightweight, reduced thickness, and fire and water resistance, are pushing the demand for aerogel materials in this segment. The aerogel market for transportation applications is expected to witness slow demand in 2020, owing to decreased demand in the automotive industry across the globe. The decrease in the production of automotive is expected to impact the demand for aerogel for this application. However, the industries are gradually getting back on track, and demand is expected to boost during the forecast period.

APAC projected to be fastest growing region for the aerogel market

Growing industrialization and infrastructure development in the region offer enormous opportunities for the use of aerogel in Asia Pacific. Very few companies based in China and South Korea are involved in the production of aerogels, mainly due to the requirement of huge capital and advanced technology. The technology for producing aerogels at the commercial level is patented by leading players, such as Aspen Aerogels and Cabot Corporation. The R&D required for aerogels adds costs to the already expensive manufacturing process. These factors have been hurdles for the large-scale establishment of aerogels in Asia Pacific

The key market players profiled in the report include Aspen Aerogels (US), Cabot Corporation (US), Aerogel Technologies (US), Nano tech Co. Ltd. (China), Armacell (Germany), Guangdong Alison Hi-Tech (China), Active Aerogels (Portugal), Enersens (France), JIOS Aerogel (South Korea), and BASF (Germany)

Consult with Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=714

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