Global Aerogels Market, 2017-2022
Market Overview
According to the latest data, the market size of the global aerogels sector is expected to rise by USD 274.3 million with a CAGR of 17.2% by the end of 2022. Aerogels are a class of materials that exhibit remarkable properties due to their ultra-low density and nanostructured porosity. They have been studied extensively for more than a decade, and have found numerous applications in various fields. Initially, aerogels were synthesized as monolithic silica structures, but with the advancement of aerogel technology, they can now be fabricated from different materials and in different forms and dimensions, depending on the specific needs of each application.
The report presents statistical information, including market size, market share within various market segments, growth rate, and forecasts specifically tailored to the aerogels industry. This data-driven analysis equips industry professionals with essential information to assess the current market landscape, make informed decisions, and identify growth opportunities within the sector.
Research Coverage
This report presents an in-depth analysis and segmentation of the aerogels market, with market size forecasts extending until 2022. The market has been categorized based on product, material, application, and region. Furthermore, a comprehensive evaluation of key industry players has been conducted to provide valuable insights into their business profiles, product offerings, strategic approaches, partnerships, expansions, and acquisitions pertaining to the aerogels market.
The report provides a detailed analysis of the following segments within the aerogels market:
Product: beads/granules, blankets and sheets, powders, and others
Material: carbon, composites, inorganic compounds, and others
Application: life sciences, thermal and acoustic insulation, and others
Region: Asia-Pacific, Europe, North America, and Rest of the World (RoW)
Based on product, the global aerogels market is categorized into beads/granules, blankets and sheets, powders, and others. Among these, blankets and sheets are expected to maintain their dominant position in 2016, generating revenues of $175.4 million, which account for 90.8% of the total market value. This category is also anticipated to exhibit the highest compound annual growth rate (CAGR) of 18.2% from 2015 to 2020. The main factor driving this growth is the increasing demand for aerogel blankets as a thermal insulation material for various applications, such as building and construction, oil and gas, aerospace, and automotive.
On the basis of material, the global aerogels market has been segmented into carbon, composites, inorganic compounds, and others. Globally, the composites segment made up the largest share of the aerogels market. This segment encompasses applications such as lightweight panels, insulation boards, and structural components. The composites segment offers advantages such as enhanced strength, reduced weight, and improved thermal and acoustic insulation properties.
By application, the global aerogels market has been segmented into life sciences, thermal and acoustic insulation, and others. The thermal and acoustic insulation segment was the largest contributor to the global aerogels market in 2016. Aerogels are known for their exceptional thermal insulation properties, making them highly suitable for applications where heat transfer needs to be minimized. Additionally, aerogels also exhibit excellent acoustic insulation capabilities, allowing them to effectively reduce sound transmission.
The thermal and acoustic insulation segment encompasses a wide range of applications, including building insulation, HVAC systems, industrial insulation, and soundproofing. The use of aerogels in these applications offers several advantages, such as improved energy efficiency, enhanced comfort, and reduced noise pollution.
Geographically, the global aerogels market is segmented into Asia-Pacific, Europe, North America, and Rest of the World (RoW). North America is projected to experience significant revenue growth, with a CAGR of 17.4% through 2022. This growth corresponds to a substantial market share of 44.6% for North America.
The strong position of North America in the aerogels market can be attributed to several factors. The region has a robust research and development infrastructure, fostering innovation and advancements in aerogel technologies. Additionally, North America has a well-established manufacturing base and a high demand for aerogels across various industries, including construction, oil and gas, automotive, and aerospace.
Competitive Landscape
The global aerogels market is highly competitive. The report also includes the profiles of leading companies such as AeroClay LLC, Aerogel Technologies LLC, Airglass AB, American Aerogel Corporation, Aspen Aerogels Inc., Cabot Corporation, CF Technologies Inc., Dow Corning Ltd., Green Earth Aerogel Technologies Sociedad Limitada (GEAT SL), Maero Tech Sdn Bhd, Nano Tech Co. Ltd., NanoPore Incorporated, Ocellus Inc., Reticle Inc., Svenska Aerogel AB, The Attia Applied Sciences Incorporated, Thermablok Inc. These companies play a significant role in driving market growth through their active contributions in innovation and product development within the aerogels industry.
Key Questions Answered
What is the projected global market size of aerogels by 2022
Which product segment possesses the largest market share
Which material segment demonstrates the most significant dominance
In terms of market dominance, which application segment prevails in the aerogels market
Which region segment generates the highest revenue
Who are the key players with the largest market share in the aerogels market
What is the estimated global market size for the aerogels market in 2017
What are the main factors driving the growth of the aerogels market
What is the expected incremental growth of the aerogels market during the forecast period
1. Scope and Methodology
1.1 Introduction
1.2 Report Scope
1.3 Research Methodology
2. Executive Summary
3. Market Overview
4. Global Aerogels Market - Product Analysis
4.1 Beads/granules
4.2 Blankets and sheets
4.3 Powders
4.4 Others
5. Global Aerogels Market - Material Analysis
5.1 Carbon
5.2 Composites
5.3 Inorganic compounds
5.4 Others
6. Global Aerogels Market - Application Analysis
6.1 Life sciences
6.2 Thermal and acoustic insulation
6.3 Others
7. Global Aerogels Market - Region Analysis
7.1 Asia-Pacific
7.2 Europe
7.3 North America
7.4 Rest of the World (RoW)
8. Patents Analysis
9. Competitive Landscape
9.1 Competitive Scenario
9.2 Market Positioning/Share Analysis
9.3 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
10. Company Profiles
10.1 AeroClay LLC
10.2 Aerogel Technologies, LLC
10.3 Airglass AB
10.4 American Aerogel Corporation
10.5 Aspen Aerogels Inc.
10.6 Cabot Corporation
10.7 CF Technologies, Inc.
10.8 Dow Corning Ltd.
10.9 Green Earth Aerogel Technologies Sociedad Limitada (GEAT SL)
10.10 Maero Tech Sdn Bhd
10.11 Nano Tech Co., Ltd.
10.12 NanoPore Incorporated
10.13 Ocellus, Inc.
10.14 Reticle Inc.
10.15 Svenska Aerogel AB
10.16 The Attia Applied Sciences Incorporated
10.17 Thermablok Inc.
APPENDIX
DISCLAIMER
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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