About Silica Aerogel
Aerogels are the Very Low-Density Solids That Show a High Degree of Porosity, High Specific Surface Area, & Superlative Energy Damping (Thermal, Acoustic, & Impact) Properties. Silica Aerogels Have High Surface Areas, are Highly Porous & Lightweight. They Can Also be Chemically Modified to Suit Specific Applications. Silica Aerogels Can be Reinforced With Other Materials Such as Glass, Mineral, Or Carbon Fibers in Order to Strengthen its Tensile Strength. They Are Regarded as a Potential Candidate for Future Superinsulation Systems in Aeronautics Where Weight & Space Savings are Fundamental Requirements. Frequent Changes in the Environmental Landscape & Strict Regulations Have Caused an Increase in the Focus & Rising Demand for Silica Aerogels for Insulated Systems in Industrial Applications
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The Market for the Silica Aerogel is Fragmented with the Presence of Many Players. Leading Players Can Adopt Strategies Like a Merger, Acquisition, Expansion, New Product Launch, in Order to Gain Share Within the Market. Owing to the Growing Applications of Silica Aerogel, there are Growing Prospects for the New Players to Enter the Market Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Silica Aerogel market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Aspen Aerogels (United States), Cabot Corporation (United States), Aerogel Technologies (United States), Jios Aerogel (South Korea), Enersens (France), BASF (Germany), Cabot Corporation (United States), American Elements (United States), Green Earth Aerogel Technologies (Spain) and Guizhou Aerospace Industry Co Ltd (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Silica Aerogel market by Type (Blanket, Panel, Powder, Granules and Others), Application (Building & Construction, Oil & Gas, Automotive, Aerospace & Marine, Performance Coatings and Others) and Region.
On the basis of geography, the market of Silica Aerogel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology , the sub-segment i.e. Supercritical Drying will boost the Silica Aerogel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Processing, the sub-segment i.e. Virgin will boost the Silica Aerogel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Investment in Research & Development Activities Linked With Silica Aerogel
Market Growth Drivers:
Growth in the Construction Sector Utilizing Silica Aerogel as a Lighter & Thinner Alternatives to Conventional Insulations and Rise in the Need for Insulation in the Oil & Gas Industry Owing to Superior Thermal Resistance of Silica Aerogel
Challenges:
The Sophisticated Procedures With the Installation & Maintenances of Production Facility May Pose a Challenge and Unawareness About the Advantages of Silica Aerogel Over Other Materials
Restraints:
High Capital Associated With the Manufacturing of Silica Aerogel
Opportunities:
There is an Increased Opportunity for the Usage of Silica Aerogel in the Defence Industry, Due to its Environmental Friendly Nature and There are Prospects for Market Growth with the Adoption & Usage of Silica Aerogel in Automotive & Semi-Conductor Industry for its Light Weight Characteristic
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.