The purpose of the report is to illustrate the state of the market of Aerogels, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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Aerogels market is projected to witness high growth with growing application of aerogels in various end use industries. Industries such as oil & gas, construction, automotive, marine, aerospace, performance coating, day lighting & LVHS and others are expected to increasing consumption of aerogels due to its increasing application. Oil & gas industry to remain the key consumer of aerogels owing to increasing demand for insulating materials for critical applications is expected to drive the demand for aerogels over the forecast period. Aerogels also finds application in construction industry for the purpose of thermal insulation. Growing infrastructure investment in construction of various residential and commercial infrastructure especially in emerging economies such as India, China, Brazil, South Korea and others is expected to propel the demand for aerogels in construction industry. Moreover, increasing use of aerogels in thermal insulation in automobiles, ships and airplanes also projected to impel the demand for aerogels over the forecast period. However, the high manufacturing cost and properties such as poor mechanical strength of aerogels is projected to restrain the growth of global aerogels market during the forecast period (2017-2025).
Global aerogels market is segmented on the basis of material, form, application and geography. Based on material, silica segment accounted for the largest share in global aerogels market. Low cost, easy availability and high insulting properties increasing the adaptability of silica aerogels which in turn is projected to drive the growth of the segment. Based on form, blanket segment was the most dominant segment in global aerogels market in 2016. High demand for blanket aerogels from oil & gas industry is projected to drive the growth of the segment during the forecast period. By application, oil & gas application segment accounted for major share in 2016 in global aerogels market owing to increasing demand for insulting material in various applications in oil & gas industry. On the basis of geography, North America was estimated to be the largest market for aerogels in 2016 and projected to maintain its dominance during the forecast period. Growing demand from end use industries such oil & gas, construction, automotive, marine, aerospace, performance coating, day lighting & LVHS and others is projected to drive the growth for aerogels in the region. Major players in the aerogels market includes Aspen Aerogels Inc., Aerogel Technologies LLC., Active Aerogels, BASF SE, Cabot Corporation, Enersens SAS, Guangdong Alison Hi-Tech Co. Ltd. Jios Aerogel Corporation and Nano High-Tech Co. Ltd. Thus, key player are investing in research and development, merger and acquisition with focus on improve their product portfolio and market penetration. Largely, global aerogels market is anticipated to register robust growth over the forecast period (2017-2025).
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.5. Approach Adopted
2. Executive Summary
2.1. Global Aerogel Market Snapshot
2.1.1. Global Aerogel Market, by Material, 2016
2.1.2. Global Aerogel Market, by Form, 2016
2.1.3. Global Aerogel Market, by Application, 2016
2.1.4. Global Aerogel Market, by Geography, 2016
2.1.5. Key Players
2.1.6. Drivers, Restrains & Future Prospects
3. Global Aerogel Market Dynamics
3.1. Market Overview
3.1.1. Market Definition
3.1.2. Global Market Size & Forecast, 2015-2025
3.4. Future Prospects
3.5. Impact Analysis of Drivers and Challenges
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power Of Suppliers
3.6.2. Bargaining Power Of Buyers
3.6.3. Threat Of Substitutes
3.6.4. Threat Of New Entrants
3.6.5. Industry Rivalry
4. Global Aerogel Market Size & Forecast (Tons) (US$ ‘000), By Material, 2015 – 2025
4.1.1. Market Share Analysis by Material, 2016 vs. 2025
4.1.2. Attractive Investment Proposition by Material
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Aerogels buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Aerogels contains:
Analysis and forecast of Aerogels market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Aerogels market;
Assessment and forecast of Aerogels market development;
Financial and business profiles of the leading companies in the Aerogels industry.
– Up to date working Aerogels data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Aerogels for the period 2018 to 2026
– Planned Aerogels additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Aerogels projects by region, key countries, and companies
– Details of major planned Aerogels projects in the world up to 2026
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