Aerogels Market - Industry Overview and Key Factors
Transparency Market Research Report Added "Aerogels Market" to its database.
Albany, NY -- (SBWire) -- 06/18/2015 --An aerogel is a synthetic porous material derived from gel whose liquid component is replaced with gas and which results into a very low density thermal conductor. It is used for thermal insulation purposes and also acts as a trap for space and star dust. Silica aerogel is highly toxic and can be an irritant to the eyes, skin, and to the repository and digestive system.
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The aerogel market is very small, having a negligible share in microporous and nanoporous market and has a limited number of players, which makes the impact of changes in the market very critical for manufacturers. The market is segmented as per its applications into building insulation, oil and gas, aerospace, automotive, industrial and cryogenic. The usage of aerosols in the market varies infinitely and so does its scope.
The revenue growth for the aerogel market is mainly being driven by its thermal and acoustic insulation applications. Its energy efficiency awareness and environment friendly life cycle also act as the primary driving forces of the market. But its complicated manufacturing process, which consequently results in the high cost of production, is seen as a restraint for the market.
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Aerogels are primarily used in absorbents and adsorbents, catalysts and photo-catalysts, filters, aerospace and space exploration, and as solar thermal insulators. With the growing trend of the space industry in many countries, the market for aerogels is expected to grow exponentially and will thus seek its application in nearly all the insulating domains of this industry.
Some of the major companies operating in the aerogel market are Aspen Aerogel (U.S.), Cabot Corp. (U.S. and Europe), and Dow Chemicals (U.S.). However, there are various small scale companies spread across the other parts of the globe.
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