Global Market Insights has added a research study on Aerogel Insulation Market which offers a concise summary regarding market valuation, market share, regional spectrum, revenue estimation and SWOT analysis of this business vertical. The report further brings up key insights pertaining to growth opportunities and challenges to be experienced by key industry players, while emphasizing on their present competitive setting and growth plans for the aerogel insulation industry.
NASA has long been using the material in its space exploration programs, with the most prominent example being its incorporation in the Mars Exploration Rover that was designed to withstand temperature fluctuations ranging from -96°C to 83°C. Driven by the insulating properties of the material and its increasing commercialization, the aerogel insulation market has gained immense traction across a plethora of industrial domains.
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Owing to considerable rise in sustainable construction trend, the aerogel insulation market is slated to witness remarkable growth in the forthcoming years. Aerogels have apparently been in existence for more than 80 years now, however, it was only through recent advancements in production techniques that the material has been able to attain commercialization on a substantially higher scale. While changes in manufacturing processes have made the material easier to produce, a key factor endorsing the product is its unique structure, which is made up of approximately 99.9% air by volume. This characteristic allows aerogels to provide thermal insulation against the three heat-transfer methods- conduction, radiation and convection.
Aerogel Insulation Market, By Type:
- Others (fiberglass)
Aerogel Insulation Industry, By End-Use:
- Oil & gas
- Building & construction
- Automotive, aerospace & marine
- Performance coatings
- Others (electronics)
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Prompted by the efficiency of aerogel products in reducing power consumption and their ability to boost sustainability across a rapidly expanding business vertical, the aerogel insulation market is projected to accrue over $950 million from the building and construction segment.
Major manufacturers in aerogel insulation market:
- Aspen Aerogels
- Cabot Corporation
- Svenska Aerogel
- Green Earth Aerogel Technologies
- American Aerogel Corporation
Traditionally, fiberglass batting filled in a plastic pillowcase had been used for insulation in aircrafts. However, since aerogel’s insulation capabilities are so robust, as proven by their use in the Mars Exploration Rover, besides the material being light weight, aerogel insulation solutions hold a significant advantage over conventional solutions. Undeniably, the aerogel insulation market is projected to witness substantial gains from its application in the aerospace sector over the forecast timeframe.
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