The Global Silica Aerogel Insulation Materials Market size is estimated to be USD 8.8 billion in 2019 and projected to reach USD XX.X billion by 2028, growing at a CAGR of 4.4% from 2020-2028. The report covers the present scenario and growth prospects of the global Silica Aerogel Insulation Materials industry for 2021-2028
Silica aerogel insulation materials are a type of porous insulating material that exhibits low thermal conductivity and high resistance to heat flow. It is used as an effective, efficient, and greener alternative for conventional building insulation such as fiberglass or foam glass. Its features are: - High thermal resistivity – Low density – High specific area – Non-flammable - Non-corrosive - Non-conductive - High thermal shock resistance - Non-toxic - Renewable raw material - Recyclable - Low thermal expansion - Liquid water repellent - Lowest density material available in the market.
On the basis of Type, the global silica aerogel insulation materials market is segmented into Blanket, Particle, and Other.
Blanket silica aerogel insulation materials are lightweight, flexible, and have good thermal stability. They can be used in various applications including aerospace & defense applications because of their lightweight. It also has excellent fire resistance characteristics which make them suitable for use in high-temperature conditions. The features of the Blanket type of silica aerogel insulation materials include low thermal conductivity, high compressive strength, and good sound absorption. Benefits of the Blanket type of silica aerogel insulation materials include: - High thermal insulating properties. - Low thermal conductivity.
Particle type of silica aerogel insulation materials is a material made up of small particles that are held together by a binder. The particle type of silica aerogel insulation materials is beneficial in terms of low thermal conductivity. It has the ability to retain heat and reduce energy consumption, thus saving electricity bills for consumers. The market penetration rate for this type is expected to be high during the forecast period due to its widespread applications in the residential sector which requires reduced heating costs while maintaining comfort levels. However, large-scale commercial buildings are also increasingly opting for these types as they help them cut down on their annual running cost by saving more than 30% of their total power usage.
On the basis of Application, the global silica aerogel insulation materials market is segmented into Building Insulation, Oil & Gas Consumables, Transportation Aerospace & Defence Materials, and other applications.
On the basis of Region, the global silica aerogel insulation materials market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to dominate the global silica aerogel insulation materials market during the forecast period. The high presence of polymer material manufacturers in this region will drive the demand for these insulation materials due to their excellent thermal performance properties. Silica aerogel insulation materials are one of the most popular insulating materials in Latin America. In fact, silica aerogels have been used to conserve energy and provide a greener alternative for building insulation across many countries in Latin America; especially Brazil. There is also an increasing demand for high-performance products that can effectively improve the thermal efficiency within buildings, which has led to higher adoption rates of silica aerogel insulation materials among construction companies operating throughout the region. The Asia Pacific holds a significant share in the global silica aerogel insulation materials market. The increasing demand from manufacturing industries is projected to drive this region’s growth over the forecast period. China and Japan are among the key countries that contribute significantly towards regional revenue generation.
There are various factors that are driving the growth of The global silica aerogel insulation materials market. Silica Aerogels are unique in nature with very high thermal performance, lightweight, and low density at the same time. These properties make them an ideal choice for use as insulators across different applications such as building insulation, oil & gas consumables, transportation, aerospace & defense materials, etc., which in turn is driving the demand for this market across different regions.
In addition, factors such as increasing focus towards low carbon emission activities and rise in construction spending are further stimulating the use of silica aerogel insulation materials across various applications which will help grow The global silica aerogel insulation materials market. In addition to that, growing research & development initiatives by key players to come up with advanced products only adds to overall growth opportunities for this market going forward from 2017-2028.
Up Market Research published a new report titled “Silica Aerogel Insulation Materials Market research report which is segmented by Types (Blanket, Particle, Other), By Applications (Building Insulation, Oil & Gas Consumables, Transportation, Aerospace & Defence Materials, Other), By Players/Companies Aspen Aerogels, Cabot Corporation, Aerogel Technologies, Nano High-Tech, Guangdong Alison Hi-Tech, Active Aerogels, Enersens, Jios Aerogel Corporation, Insulgel High-Tech, Guizhou Aerospace, Green Earth Aerogel Technologies (GEAT)”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Silica Aerogel Insulation Materials Market Research Report |
By Type | Blanket, Particle, Other |
By Application | Building Insulation, Oil & Gas Consumables, Transportation, Aerospace & Defence Materials, Other |
By Companies | Aspen Aerogels, Cabot Corporation, Aerogel Technologies, Nano High-Tech, Guangdong Alison Hi-Tech, Active Aerogels, Enersens, Jios Aerogel Corporation, Insulgel High-Tech, Guizhou Aerospace, Green Earth Aerogel Technologies (GEAT) |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 227 |
Number of Tables & Figures | 159 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Blanket, Particle, Other and By Application Building Insulation, Oil & Gas Consumables, Transportation, Aerospace & Defence Materials, Other.
Some of the companies that are profiled in this report are:
Silica Aerogel Insulation Materials Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Silica Aerogel Insulation Materials Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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