Global Aerogel Insulation Market Trends Analysis and Forecast 2019-2028
Market Introduction
The global aerogel insulation market is estimated to witness a strong growth rate of more than 11% during the forecast period 2022-2028. Aerogel is generally regarded as one of the best insulation solid materials and is utilized to improve the thermal performance of energy-saving materials and sustainable products for buildings, on- and off-shore industrial infrastructure, and consumer products, as well as acting as a high-performance additive to coatings and personal care offerings. Shifting consumer preference toward green building materials, high-cost effectiveness, and technological advancements are some of the key drivers expected to lift the demand for the aerogel insulation market across the globe. However, the complex heating and supercritical drying process lead to the high cost of production and this is one of the major challenges faced by the global aerogel insulation market.
Market Segmentation
The global aerogel insulation market has been segmented on the basis of product type, form, processing, application, and region. Based on product type, the market is segmented into Silica, Organic and Carbon, Polymer, Metal Oxide, and Others (Nanotubes and Metal Aerogels). On the basis of form, the market is categorized into Blanket, Particle, Panel, Monolith, and Others (Block). The Blanket segment is expected to grow at a significant rate during the forecast period. On the basis of processing, the market is segmented into Virgin, Composites, and Additives. Based on application the market is segmented into Building & Construction, Performance Coating, Oil & Gas, Automotive, Aerospace & Defense, Healthcare, Pharmaceutical & Medical Devices, Beauty and Cosmetics, and Others (Electronics, Marine etc.). Building and construction segment is anticipated to dominate the global aerogel insulation market. On the basis of region, the market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, and MEA. North America is dominating the global aerogel insulation market.
Market Structure and Competitive Landscape
Some of the prominent players that contribute significantly to the global aerogel insulation market growth include, Aerogel Technologies LLC, Aspen Aerogels Inc., BASF SE, Cabot Corporation Ltd., Dow Inc., JIOS Aerogel Pte Ltd., Svenska Aerogel Holding AB, Thermablok Aerogels Ltd., TAASI, Green Earth Aerogel Technologies Ltd., Enersens SAS, Armacell International SA, and Active Aerogels among others. These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global aerogel insulation market include,
? In August 2020, Armacell launched a dual temperature and cryogenic aerogel insulation blanket which does not shrink in cryogenic temperature, and its hydrophobicity and flexibility can provide protection against corrosion.
? In April 2019, BASF and Aspen Aerogels entered into a partnership by signing an addendum to their exclusive supply agreement. The new product SLENTEX was developed for unique applications in the building and construction sector.
Global Aerogel Insulation Market Analysis and Forecast 2019-2028
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Global Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, industry players? expenditures, economic conditions, among others
6.3. Supply Chain & Value Chain Analysis
6.3.1. Aerogel Insulation Manufacturers
6.3.2. Aerogel Insulation Suppliers
6.3.3. Key End Users
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter?s Five Forces Analysis
7. Government Laws and Industry Regulations
8. Global and Regional Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities
9. Parent Market Overview
9.1. Global Chemical Market
9.2. Global Insulation Material Market
10. Segmental Analysis
10.1. Global Aerogel Insulation Market by Product Type
10.1.1. Segment Overview
10.1.1.1. Silica
10.1.1.2. Organic and Carbon
10.1.1.3. Polymer
10.1.1.4. Metal Oxide
10.1.1.5. Others (Nanotubes and Metal Aerogels)
10.2. Global Aerogel Insulation Market by Form
10.2.1. Segment Overview
10.2.1.1. Blanket
10.2.1.2. Particle
10.2.1.3. Panel
10.2.1.4. Monolith
10.2.1.5. Others (Block)
10.3. Global Aerogel Insulation Market by Processing
10.3.1. Segment Overview
10.3.1.1. Virgin
10.3.1.2. Composites
10.3.1.3. Additives
10.4. Global Aerogel Insulation Market by Application
10.4.1. Segment Overview
10.4.1.1. Building & Construction
10.4.1.2. Performance Coating
10.4.1.3. Oil & Gas
10.4.1.4. Automotive
10.4.1.5. Aerospace & Defense
10.4.1.6. Healthcare, Pharmaceutical & Medical Devices
10.4.1.7. Beauty and Cosmetics
10.4.1.8. Others (Electronics, Marine etc.)
10.5. Global Aerogel Insulation Market by Region
10.5.1. North America
10.5.2. Latin America
10.5.3. Western Europe
10.5.4. Eastern Europe
10.5.5. Asia Pacific
10.5.6. Middle East & Africa
11. Regional Analysis
11.1. North America Aerogel Insulation Market Analysis and Forecast 2019-2028
11.1.1. Regional Market Overview and Key Takeaways
11.1.2. North America Aerogel Insulation Market by Product Type
11.1.3. North America Aerogel Insulation Market by Form
11.1.4. North America Aerogel Insulation Market by Processing
11.1.5. North America Aerogel Insulation Market by Application
11.1.6. North America Aerogel Insulation Market by Country
11.1.6.1. US
11.1.6.2. Canada
11.2. Latin America Aerogel Insulation Market Analysis and Forecast 2019-2028
11.2.1. Regional Market Overview and Key Takeaways
11.2.2. Latin America Aerogel Insulation Market by Product Type
11.2.3. Latin America Aerogel Insulation Market by Form
11.2.4. Latin America Aerogel Insulation Market by Processing
11.2.5. Latin America Aerogel Insulation Market by Application
11.2.6. Latin America Aerogel Insulation Market by Country
11.2.6.1. Brazil
11.2.6.2. Mexico
11.2.6.3. Rest of Latin America
11.3. Western Europe Aerogel Insulation Market Analysis and Forecast 2019-2028
11.3.1. Regional Market Overview and Key Takeaways
11.3.2. Western Europe Aerogel Insulation Market by Product Type
11.3.3. Western Europe Aerogel Insulation Market by Form
11.3.4. Western Europe Aerogel Insulation Market by Processing
11.3.5. Western Europe Aerogel Insulation Market by Application
11.3.6. Western Europe Aerogel Insulation Market by Country
11.3.6.1. Germany
11.3.6.2. UK
11.3.6.3. France
11.3.6.4. Spain
11.3.6.5. Italy
11.3.6.6. Benelux
11.3.6.7. Nordic
11.3.6.8. Rest of Western Europe
11.4. Eastern Europe Aerogel Insulation Market Analysis and Forecast 2019-2028
11.4.1. Regional Market Overview and Key Takeaways
11.4.2. Eastern Europe Aerogel Insulation Market by Product Type
11.4.3. Eastern Europe Aerogel Insulation Market by Form
11.4.4. Eastern Europe Aerogel Insulation Market by Processing
11.4.5. Eastern Europe Aerogel Insulation Market by Application
11.4.6. Eastern Europe Aerogel Insulation Market by Country
11.4.6.1. Russia
11.4.6.2. Poland
11.4.6.3. Rest of Eastern Europe
11.5. Asia Pacific Aerogel Insulation Market Analysis and Forecast 2019-2028
11.5.1. Regional Market Overview and Key Takeaways
11.5.2. Asia Pacific Aerogel Insulation Market by Product Type
11.5.3. Asia Pacific Aerogel Insulation Market by Form
11.5.4. Asia Pacific Aerogel Insulation Market by Processing
11.5.5. Asia Pacific Aerogel Insulation Market by Application
11.5.6. Asia Pacific Aerogel Insulation Market by Country
11.5.6.1. China
11.5.6.2. Japan
11.5.6.3. India
11.5.6.4. South Korea
11.5.6.5. Australia
11.5.6.6. ASEAN
11.5.6.7. Rest of Asia-Pacific
11.6. Middle East & Africa Aerogel Insulation Market Analysis and Forecast 2019-2028
11.6.1. Regional Market Overview and Key Takeaways
11.6.2. Middle East & Africa Aerogel Insulation Market by Product Type
11.6.3. Middle East & Africa Aerogel Insulation Market by Form
11.6.4. Middle East & Africa Aerogel Insulation Market by Processing
11.6.5. Middle East & Africa Aerogel Insulation Market by Application
11.6.6. Middle East & Africa Aerogel Insulation Market by Country
11.6.6.1. GCC
11.6.6.2. South Africa
11.6.6.3. Turkey
11.6.6.4. Rest of the Middle East & Africa
12. Competitive Landscape
12.1. Competition Dashboard
12.1.1. Global and Regional Market Share Analysis
12.1.2. Market Structure
12.2. Competitive Benchmarking
12.3. Key Strategy Analysis
12.4. Company Profiles
12.4.1. Aerogel Technologies LLC
12.4.1.1. Company Overview
12.4.1.2. Product/Service Offerings
12.4.1.3. Key Financials
12.4.1.4. Recent Developments
12.4.2. Aspen Aerogels Inc.
12.4.2.1. Company Overview
12.4.2.2. Product/Service Offerings
12.4.2.3. Financials
12.4.2.4. Recent Developments
12.4.3. BASF SE
12.4.3.1. Company Overview
12.4.3.2. Product/Service Offerings
12.4.3.3. Financials
12.4.3.4. Recent Developments
12.4.4. Cabot Corporation Ltd.
12.4.4.1. Company Overview
12.4.4.2. Product/Service Offerings
12.4.4.3. Financials
12.4.4.4. Recent Developments
12.4.5. Dow Inc.
12.4.5.1. Company Overview
12.4.5.2. Product/Service Offerings
12.4.5.3. Financials
12.4.5.4. Recent Developments
12.4.6. JIOS Aerogel Pte Ltd.
12.4.6.1. Company Overview
12.4.6.2. Product/Service Offerings
12.4.6.3. Financials
12.4.6.4. Recent Developments
12.4.7. Svenska Aerogel Holding AB
12.4.7.1. Company Overview
12.4.7.2. Product/Service Offerings
12.4.7.3. Financials
12.4.7.4. Recent Developments
12.4.8. Thermablok Aerogels Ltd.
12.4.8.1. Company Overview
12.4.8.2. Product/Service Offerings
12.4.8.3. Financials
12.4.8.4. Recent Developments
12.4.9. TAASI
12.4.9.1. Company Overview
12.4.9.2. Product/Service Offerings
12.4.9.3. Financials
12.4.9.4. Recent Developments
12.4.10. Green Earth Aerogel Technologies Ltd
12.4.10.1. Company Overview
12.4.10.2. Product/Service Offerings
12.4.10.3. Financials
12.4.10.4. Recent Developments
12.4.11. Enersens SAS
12.4.11.1. Company Overview
12.4.11.2. Product/Service Offerings
12.4.11.3. Financials
12.4.11.4. Recent Developments
12.4.12. Armacell International SA
12.4.12.1. Company Overview
12.4.12.2. Product/Service Offerings
12.4.12.3. Financials
12.4.12.4. Recent Developments
12.4.13. Active Aerogels
12.4.13.1. Company Overview
12.4.13.2. Product/Service Offerings
12.4.13.3. Financials
12.4.13.4. Recent Developments
13. Disclaimer
Global Aerogel Insulation Market
List of Figures
Figure 01: Global Aerogel Insulation Market Volume (?000 tones), 2019-2021
Figure 02: Global Aerogel Insulation Market Volume (?000 tones) & Y-o-Y Growth (%) Analysis, 2022?2028
Figure 03: Aerogel Insulation, Pricing Analysis per unit (US$), in 2022
Figure 04: Aerogel Insulation, Pricing Forecast per unit (US$), in 2028
Figure 05: Global Aerogel Insulation Market Value Analysis (US$ Mn), 2019-2021
Figure 06: Global Aerogel Insulation Market Size (US$ Mn) & Y-o-Y Growth (%) Analysis, 2022?2028
Figure 07: Global Aerogel Insulation Market Size and Market Share Analysis (%) by Product Type, 2022 & 2028
Figure 08: Global Aerogel Insulation Market Y-o-Y Analysis (%) by Product Type, 2022-2028
Figure 09: Global Aerogel Insulation Market Size and Market Share Analysis (%) by Form, 2022 & 2028
Figure 10: Global Aerogel Insulation Market Y-o-Y Analysis (%) by Form, 2022-2028
Figure 11: Global Aerogel Insulation Market Size and Market Share Analysis (%) by Processing, 2022 & 2028
Figure 12: Global Aerogel Insulation Market Y-o-Y Analysis (%) by Processing, 2022-2028
Figure 13: Global Aerogel Insulation Market Size and Market Share Analysis (%) by Application, 2022 & 2028
Figure 14: Global Aerogel Insulation Market Y-o-Y Analysis (%) by Application, 2022-2028
Figure 15: Global Aerogel Insulation Market Size and Market Share Analysis (%) by Region, 2022 & 2028
Figure 16: Global Aerogel Insulation Market Y-o-Y Growth (%) by Region, 2022?2028
Figure 17: North America Aerogel Insulation Market Size and Market Share Analysis (%) by Product Type, 2022 & 2028
Figure 18: North America Aerogel Insulation Market Size and Market Share Analysis (%) by Form, 2022 & 2028
Figure 19: North America Aerogel Insulation Market Size and Market Share Analysis (%) by Processing, 2022 & 2028
Figure 20: North America Aerogel Insulation Market Size and Market Share Analysis (%) by Application, 2022 & 2028
Figure 21: North America Aerogel Insulation Market Size and Market Share Analysis (%) by Country, 2022 & 2028
Figure 22: Latin America Aerogel Insulation Market Size and Market Share Analysis (%) by Product Type, 2022 & 2028
Figure 23: Latin America Aerogel Insulation Market Size and Market Share Analysis (%) by Form, 2022 & 2028
Figure 24: Latin America Aerogel Insulation Market Size and Market Share Analysis (%) by Processing, 2022 & 2028
Figure 25: Latin America Aerogel Insulation Market Size and Market Share Analysis (%) by Application, 2022 & 2028
Figure 26: Latin America Aerogel Insulation Market Size and Market Share Analysis (%) by Country, 2022 & 2028
Figure 27: Western Europe Aerogel Insulation Market Size and Market Share Analysis (%) by Product Type, 2022 & 2028
Figure 28: Western Europe Aerogel Insulation Market Size and Market Share Analysis (%) by Form, 2022 & 2028
Figure 29: Western Europe Aerogel Insulation Market Size and Market Share Analysis (%) by Processing, 2022 & 2028
Figure 30: Western Europe Aerogel Insulation Market Size and Market Share Analysis (%) by Application, 2022 & 2028
Figure 31: Western Europe Aerogel Insulation Market Size and Market Share Analysis (%) by Country, 2022 & 2028
Figure 32: Eastern Europe Aerogel Insulation Market Size and Market Share Analysis (%) by Product Type, 2022 & 2028
Figure 33: Eastern Europe Aerogel Insulation Market Size and Market Share Analysis (%) by Form, 2022 & 2028
Figure 34: Eastern Europe Aerogel Insulation Market Size and Market Share Analysis (%) by Processing, 2022 & 2028
Figure 35: Eastern Europe Aerogel Insulation Market Size and Market Share Analysis (%) by Application, 2022 & 2028
Figure 36: Eastern Europe Aerogel Insulation Market Size and Market Share Analysis (%) by Country, 2022 & 2028
Figure 37: Asia Pacific Aerogel Insulation Market Size and Market Share Analysis (%) by Product Type, 2022 & 2028
Figure 38: Asia Pacific Aerogel Insulation Market Size and Market Share Analysis (%) by Form, 2022 & 2028
Figure 39: Asia Pacific Aerogel Insulation Market Size and Market Share Analysis (%) by Processing, 2022 & 2028
Figure 40: Asia Pacific Aerogel Insulation Market Size and Market Share Analysis (%) by Application, 2022 & 2028
Figure 41: Asia Pacific Aerogel Insulation Market Size and Market Share Analysis (%) by Country, 2022 & 2028
Figure 42: Middle East & Africa Aerogel Insulation Market Size and Market Share Analysis (%) by Product Type, 2022 & 2028
Figure 43: Middle East & Africa Aerogel Insulation Market Size and Market Share Analysis (%) by Form, 2022 & 2028
Figure 44: Middle East & Africa Aerogel Insulation Market Size and Market Share Analysis (%) by Processing, 2022 & 2028
Figure 45: Middle East & Africa Aerogel Insulation Market Size and Market Share Analysis (%) by Application, 2022 & 2028
Figure 46: Middle East & Africa Aerogel Insulation Market Size and Market Share Analysis (%) by Country, 2022 & 2028
List of Tables
Table 1: Global Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Product Type
Table 2: Global Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Product Type
Table 3: Global Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Form
Table 4: Global Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Form
Table 5: Global Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Processing
Table 6: Global Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Processing
Table 7: Global Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Application
Table 8: Global Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Application
Table 9: Global Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Region
Table 10: Global Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Region
Table 11: North America Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Product Type
Table 12: North America Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Product Type
Table 13: North America Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Form
Table 14: North America Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Form
Table 15: North America Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Processing
Table 16: North America Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Processing
Table 17: North America Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Application
Table 18: North America Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Application
Table 19: North America Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country
Table 20: North America Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Country
Table 21: Latin America Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Product Type
Table 22: Latin America Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Product Type
Table 23: Latin America Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Form
Table 24: Latin America Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Form
Table 25: Latin America Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Processing
Table 26: Latin America Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Processing
Table 27: Latin America Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Application
Table 28: Latin America Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Application
Table 29: Latin America Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country
Table 30: Latin America Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Country
Table 31: Western Europe Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Product Type
Table 32: Western Europe Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Product Type
Table 33: Western Europe Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Form
Table 34: Western Europe Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Form
Table 35: Western Europe Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Processing
Table 36: Western Europe Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Processing
Table 37: Western Europe Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Application
Table 38: Western Europe Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Application
Table 39: Western Europe Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country
Table 40: Western Europe Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Country
Table 41: Eastern Europe Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Product Type
Table 42: Eastern Europe Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Product Type
Table 43: Eastern Europe Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Form
Table 44: Eastern Europe Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Form
Table 45: Eastern Europe Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Processing
Table 46: Eastern Europe Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Processing
Table 47: Eastern Europe Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Application
Table 48: Eastern Europe Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Application
Table 49: Eastern Europe Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country
Table 50: Eastern Europe Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Country
Table 51: Asia Pacific Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Product Type
Table 52: Asia Pacific Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Product Type
Table 53: Asia Pacific Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Form
Table 54: Asia Pacific Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Form
Table 55: Asia Pacific Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Processing
Table 56: Asia Pacific Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Processing
Table 57: Asia Pacific Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Application
Table 58: Asia Pacific Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Application
Table 59: Asia Pacific Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country
Table 60: Asia Pacific Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Country
Table 61: Middle East & Africa Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Product Type
Table 62: Middle East & Africa Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Product Type
Table 63: Middle East & Africa Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Form
Table 64: Middle East & Africa Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Form
Table 65: Middle East & Africa Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Processing
Table 66: Middle East & Africa Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Processing
Table 67: Middle East & Africa Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Application
Table 68: Middle East & Africa Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Application
Table 69: Middle East & Africa Aerogel Insulation Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country
Table 70: Middle East & Africa Aerogel Insulation Market Volume (?000 tones) Analysis and Forecast 2019-2028, by Country
Global Aerogel Insulation Market Trends Analysis and Forecast 2019-2028
Market Introduction
The global aerogel insulation market is estimated to witness a strong growth rate of more than 11% during the forecast period 2022-2028. Aerogel is generally regarded as one of the best insulation solid materials and is utilized to improve the thermal performance of energy-saving materials and sustainable products for buildings, on- and off-shore industrial infrastructure, and consumer products, as well as acting as a high-performance additive to coatings and personal care offerings. Shifting consumer preference toward green building materials, high-cost effectiveness, and technological advancements are some of the key drivers expected to lift the demand for the aerogel insulation market across the globe. However, the complex heating and supercritical drying process lead to the high cost of production and this is one of the major challenges faced by the global aerogel insulation market.
Market Segmentation
The global aerogel insulation market has been segmented on the basis of product type, form, processing, application, and region. Based on product type, the market is segmented into Silica, Organic and Carbon, Polymer, Metal Oxide, and Others (Nanotubes and Metal Aerogels). On the basis of form, the market is categorized into Blanket, Particle, Panel, Monolith, and Others (Block). The Blanket segment is expected to grow at a significant rate during the forecast period. On the basis of processing, the market is segmented into Virgin, Composites, and Additives. Based on application the market is segmented into Building & Construction, Performance Coating, Oil & Gas, Automotive, Aerospace & Defense, Healthcare, Pharmaceutical & Medical Devices, Beauty and Cosmetics, and Others (Electronics, Marine etc.). Building and construction segment is anticipated to dominate the global aerogel insulation market. On the basis of region, the market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, and MEA. North America is dominating the global aerogel insulation market.
Market Structure and Competitive Landscape
Some of the prominent players that contribute significantly to the global aerogel insulation market growth include, Aerogel Technologies LLC, Aspen Aerogels Inc., BASF SE, Cabot Corporation Ltd., Dow Inc., JIOS Aerogel Pte Ltd., Svenska Aerogel Holding AB, Thermablok Aerogels Ltd., TAASI, Green Earth Aerogel Technologies Ltd., Enersens SAS, Armacell International SA, and Active Aerogels among others. These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global aerogel insulation market include,
? In August 2020, Armacell launched a dual temperature and cryogenic aerogel insulation blanket which does not shrink in cryogenic temperature, and its hydrophobicity and flexibility can provide protection against corrosion.
? In April 2019, BASF and Aspen Aerogels entered into a partnership by signing an addendum to their exclusive supply agreement. The new product SLENTEX was developed for unique applications in the building and construction sector.
