The Global Aerogel Market Report
is an exclusive platform for business houses to understand the changing market
scenarios. The report can be availed in
areas such as North America, Asia-Pacific, Europe, Latin America & Africa,
and Middle East. Click here to see the preview
Aerogel displays superior thermal
characteristics as compared to its counterparts. Hence, it is also an enhanced
insulator. Its superior qualities would make it a $1,896.6 million market by
the end of 2020. Europe and North America are expected to generate maximum
revenue by 2020, as per the report “Global
Aerogel Market (Raw Material Type, Forms, Applications, Geography) - Industry
Analysis, Trends, Share, Opportunities and Forecast, 2013- 2020."
Oil & Gas application would
grab many eyeballs across the globe. This is due to the exceptional insulation
property of aerogel that enables it to be used in pipes.
“Aerogel is the material whichcontains 99 % air is the lightest material of the universe. The material
possesses some unique physiochemical characteristics, which opens its usage in
a wide range of industrial applications.
Being a highly porous material, aerogel exhibits some exceptional
thermal resistivity, as a result of which it is extensively used as an
insulation solution in building, construction and oil & gas industries. The
material is successfully providing sophisticated pipe insulation solution to
the oil and gas industry, “states analyst Guru Mallick.
LAMEA region within the segment would
reach a whopping mark of $182.5 million by 2020. This can be credited to the
wide presence of oil & gas industries in Middle East and Latin America.
Asia Pacific would also showcase exceptional growth capabilities during the
forecast period and would reach $123.2million by 2020.
“The manufacturers have developed
various forms of aerogel, such as blanket, panels, blocks etc according to the
application need. The blanket form of aerogel is flexible enough to be wrapped
around oil, LNG or crude oil carrying pipes. Moreover, the material would be
gather substantial market share in the building insulation solution in future,
due to its superior property than the conventional insulation material, such as
fiber glass, foam and cellulose. The high production cost is the major factor
restraining its market growth; however, the manufacturers are expected to
overcome from this by the rapid research and development,” said Mr.
Mallick.
Due to its superior properties,
aerogel has wide application in the Oil & Gas industry. In fact, Aspen
aerogel, the dominant aerogel market segment has its maximum revenues piped
through the Oil & Gas industries.
