Global Aerogel Market – Trends, Drivers, and Challenges | Technavio

LONDON–(BUSINESS WIRE)–#Plastics–The global
aerogel market is expected to grow at a CAGR of close to 19%
during the period 2018-2022, according to a new market research study by Technavio.

The report presents a comprehensive research of the global aerogel
market by application (oil and gas; construction; automotive, marine,
and aerospace; daylighting and LVHS; performance coatings) and by type
(silica aerogel, polymer aerogel, and carbon aerogel). The report also
determines the geographic breakdown of the market in terms of detailed
analysis and impact, which includes key geographies such as North
America, Europe, APAC, and ROW.

This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing

Save more with Technavio. Buy 2 reports and get the
third for FREE: View
all Technavio’s current offers

Market driver: growing demand as light-weight and thinner substitute

Countries such as the US, South Korea, and Germany are working toward
minimizing their energy consumption. In Europe, there are stringent
regulations on building insulation standards. The demand for insulation
materials is expected to increase due to the adoption of various energy
consumption and insulation standards globally.

Traditional insulation materials such as PU foam, mineral wool, rock
wool, and stone wool have certain drawbacks. For example, when subjected
to new construction, the thick layers of these materials are required to
meet the desired R-value, which results in the loss of valuable floor
space. In old buildings, installing insulation as extra layers is even
tougher and leads to changes in the aesthetic appearance of the building
complex.

According to a senior analyst at Technavio for plastics,
polymers, and elastomers research, “Aerogels are used
as ideal replacements for traditional insulation materials to fulfill
energy standards set by various regulatory bodies and to avoid
structural compromises in new constructions due to their low thermal
conductivity and less space occupying composition.”

Looking for more information on this market? Request
a free sample report

Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

Market trend: growing use in apparels for colder provinces

In the colder regions, aerogel
is gradually gaining prominence in the apparel market due to its
exceptional physical properties. For example, a 3 mm layer of aerogel
can protect human body at a severe temperature of – 50°C. This would
enable much lighter clothing in cold regions than those available at
present. Aerogel will also benefit mountaineers who usually carry heavy
luggage to protect themselves from adverse conditions. Properties such
as fire and water resistance, thermal resistance, and flexibility make
aerogel ideal for the winter clothing application. Apart from apparels,
it is also used in footwear, jackets, tents, and other outdoor gears
used in extreme climate insulation from cold.

Market challenge: formation of dust during the manufacturing process

Silica aerogel blankets are manufactured by casting a silica aerogel
coating onto fibrous inorganic (such as fiberglass) battings. During the
process, the aerogel is rolled up, cut, and then placed into critical
dryers. The rolling up of aerogel that is a solid structure creates
micro-fragments held by fiber in the gel. These micro-fragments are
released from fibers forming nano aerogel
particles, after the supercritical drying process. These nanoparticles
are termed as dust. The dust can cause difficulty in handling the
product for applications.

Is your business on track for a successful future? Learn
how Technavio can help

Technavio helps businesses anticipate changes in their marketplace,
make proactive adjustments, and develop effective strategies to optimize
their market positions.

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team
at [email protected].

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 844 364 1100
UK: +44 203 893 3200
www.technavio.com