Research and Markets - Global Aerogel Market Growth at CAGR of 19.01% ,2016-2020: Key Vendors are American Aerogel, Aspen Aerogels, Aerogel Technologies, BASF & Cabot

DUBLIN, Dec 5, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Aerogel Market 2016-2020" report to their offering.

The global aerogel market to grow at a CAGR of 19.01% during the period 2016-2020.

The report covers the present scenario and the growth prospects of the global aerogel market for 2016-2020. To calculate the market size, the report considers the revenue generated through the sales of aerogel products in the oil and gas; construction; automotive, marine, and aerospace; performance coating; day-lighting and LVHS; and other industries has been considered. The report also includes a discussion of the key vendors operating in this market.

The demand from the LVHS segment will gain traction in this market. The LVHS segment involves advanced materials for high-end technology applications such as energy conversion batteries, fuel cells, detectors, sensors, biotechnology drug delivery systems, renewable energy technology, chromatography, microelectronics, and space research. Even though this segment consumes only a small volume of aerogel, the demand is expected to grow rapidly between 2015 and 2020. The demand for custom-made aerogel (monolith) is more in the LVHS segment, as the requirements may vary depending on specific applications.

According to the report, the use of ecofriendly material will drive the global aerogel market. Aerogel is a reusable material that can be used consecutively for a chain of applications and can be disposed of safely. For example, aerogel blankets used for insulation of buildings can be reused by processing them as composites or additives for other applications such as coatings and plasters. Most of the traditional insulating materials are non-recyclable and non-biodegradable. In contrast, aerogels can be reused as composites and additives in applications such as soil conditioners, fertilizers, and performance coatings.

Further, the report states that the high production cost of aerogels is one of the major restraints that can negatively affect the growth of the global aerogel market over the next five years. The production cost of silica aerogels is primarily linked to three main factors. These include high cost of raw materials (for alkoxide-based precursor materials), cumbersome production technologies (solvent exchange steps and long reaction times limited by diffusion), and perhaps most importantly, the relatively small production capacities of companies.

Key vendors

• American Aerogel
• Aspen Aerogels
• Aerogel Technologies
• BASF
• Cabot

Other prominent vendors

• Nano High-Tech
• Guangdong Alison Hi-Tech
• Active Aerogels
• Enersens SAS
• JIOS Aerogel
  

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by type

Part 07: Market segmentation by form

Part 08: Market segmentation by application

Part 09: Market segmentation by geography

Part 10: Market drivers

Part 11: Impact of drivers

Part 12: Market challenges

Part 13: Impact of drivers and challenges

Part 14: Market trends

Part 15: Vendor landscape

Part 16: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/wpqtr5/global_aerogel

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