26 February, 2019: Silica
Aerogel Market Research Report Provides In-Depth Analysis by Scope, Growth Rate, Driving Factors,
Competitive Situation, Top Manufacturers and Upcoming Trends. Silica Aerogel
Market report split global into several key Regions which mainly includes
Market Overview, Table of Content, List of Figures and Applications.
Silica aerogels are the most common type of aerogel
varieties. It is a nanostructured material with high specific surface area, low
density, low dielectric constant, high porosity, and excellent heat insulation
properties. The different type of aerogels used are carbon, silicon, and
polymers, etc. Silica aerogels are most widely used, which are derived by a
revised stober process. Silica aerogel hold multiple properties like
cost-effective, enhanced thermal insulation and recyclable, due to which it is
used in several end-user industries. Owing to these properties, market is
projected to rise considerably with a CAGR
of 22.06% in the coming years.
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Geographically, the market is
segmented as North America, Latin America, Europe, Asia Pacific, and Middle
East & Africa. North America is expected to hold larger share of the market
owing to the growing research & development activities. The key
participants of silica aerogel market are Aspen Aerogel Inc., Airglass AB,
Cabot Corporation, Acoustiblok UK Ltd., American Aerogel Corporation, BASF SE,
Dow Corning Corporation, JIOS Aerogel, Active Aerogels, and Svenska Aerogel AB.
Global Silica Aerogel Market is anticipated to grow
considerably in the forecast period owing to the growing demand from several
end-use industries like building & construction, oil & gas, automotive,
aerospace, performance coating and marine. Aerogel is the synthetic ultra-light
material derived from gel, where the liquid element of the gel is replaced with
gas.
The increase in demand from the end-user industries is
one of the major driving forces of silica aerogel market. The rising
industrialization and urbanization in the emerging nations worldwide is another
driving factor for the market. Furthermore, the increasing energy demand has
propelled oil & gas sector, which again is expected to affect the growth of
the market in the years to come. The emerging economies and changing lifestyle
has majorly impelled the growth of construction segment, thereby driving silica
aerogel market.
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The market is categorized on the basis of raw material,
form, application, and geography. Based on raw material, market is divided into
silica, carbon, alumina, and others. On the basis of form, the market is
divided into blanket, particle/powder, block, and panel. In terms of
application, silica aerogel market is classified into building insulation, oil
& gas, aerospace, automotive, healthcare, chemical, electronics, apparel,
and other. Building insulation segment is projected to hold larger share of
silica aerogel market owing to speedy growth of urbanization in emerging
countries.
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