Aerogel Insulation Market Size to surpass 11%+ CAGR up to 2028

By Ashwin Naphade  | Date: November 01, 2022

Aerogel Insulation Market Size to surpass 11%+ CAGR up to 2028

Market Study Report adds new research on Aerogel Insulation market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Aerogel Insulation market also includes an in-depth study of the industrys competitive scenario.    

Global Aerogel Insulation Market Trends Analysis and Forecast 2019-2028 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.

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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.

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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.

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About Author

Ashwin Naphade     ibmag.com

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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