Invention of Aerogel is a result of combined research and development in material science and technology. Aerogel is derived by replacement of the liquid component of the gel with a gas. The market is estimated at $647.3 million in 2013.

1. Aerogel Market is
Expected to Reach
$1,896.6 Million,
Globally, by 2020

2. Int roduct ion
Scope of the Report Key Benefits Key Audiences

3. Table of Content s
1. INTRODUCTION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GLOBAL AEROGEL MARKET BY RAW MATERIAL
5. GLOBAL AEROGEL MARKET BY FORMS
6. GLOBAL AEROGEL MARKET BY APPLICATIONS
7 . GLOBAL AEROGEL MARKET BY GEOGRAPHY
8. COMPANY PROFILES

4. Descr ipt ion
Invention of Aerogel is a result of combined research and development in material
science and technology. Aerogel is derived by replacement of the liquid component of
the gel with a gas. It is mesoporous solid foam; composed of an interconnected
nanostructure network that exhibits minimum 50% porosity. Though being solid, it is an
extremely porous material and is lightweight. Its low thermal conductivity feature makes it
a perfect material to be used as building insulator. Moreover, aerogel sponge can be
recycled after being used in oil spills application, which signifies its eco-friendly and cost
effectiveness.
These features create options for its usage in many verticals such as oil & gas, aerospace,
healthcare, electronics, building insulation, and such others. The global aerogel market
was valued at $221.8 million in 2013 and it is estimated to reach $1,896.6 million by 2020,
growing at a CAGR of 36.4% during the forecast period (from 2014 – 2020). With ongoing
advancements in innovation of the materials and discovery of new application areas,
market is expected to build more strength with time.High production cost is the primary
restraining factor for this market, as the burden eventually slides towards the consumers.
Moreover, the industries such as petroleum, construction, power generation, etc. are
vulnerable to cross-boundary economic conditions and hence, the dependent markets
such as aerogel face sales side pressure in adverse economic conditions. On the other
hand, the global aerogel market has numerous opportunities in future. Due to its thermal
protective performance, aerogel could be embedded in firefighter’s protective gears.

5. KEY BENE F I T S
The report provides in-depth analysis of the current market scenario and offers
expected future trends that would assist stakeholders in taking strategic and
actionable decisions
Quantitative analysis of the current market and estimations through 2013-2020
Analysis of the market factors in various geographic regions helps understand
business opportunities
Identification of key investment pockets for various applications, services and
geographies
Identification of key players and their business performance analysis based on
strategies followed by them
Identification of key application segments based on future potential and
growth prospects

6. Aerogel Mar ket Anal ys i s Types
Aerogel Raw Material Market Analysis
Based on raw materials, the market is segmented into silicon, carbon, aluminum and other
aerogel. In 2013, silica aerogel was the largest revenue-generating segment and this
segment would experience substantial market growth in the coming years. Silica aerogel
has a wide range of application that contributes to its market growth and they are building
insulation, acoustic insulation, oil & gas, automotive thermal insulation, chemical,
cryogenics, health care, and so on. Other aerogel is the fastest growing segment with a
CAGR of 52.0% during the forecast period, largely due to smaller base
Aerogel Form Market Analysis
Blankets, particles, blocks and panels are the major forms in which aerogel is currently
being used. In 2013, blanket constituted the largest segment in the aerogel market and is
expected to experience substantial growth in coming years. Panels segment is the fastest
growing with a CAGR of 41.0% during the forecast period. Due to its lower thermal
conductivity, aerogel panels are used in a wide range of applications such as skylights,
sloped sunrooms, conservatories, greenhouses, curtain and interior walls, walkways and
canopies. In addition to that, the recently launched polyurethane aerogel insulating panel
is very thin and has an easy production process. This factor is triggering the growth of
aerogel panels segment.

7. Aerogel Mar ket Anal ys i s Types
Aerogel Application Market Analysis
Aerogel have a number of applications such as building insulation, oil & gas,
aerospace, automotive thermal management, health care, chemical,
electronics, thermal & acoustic insulation, and such others. In 2013, building
insulation application generated the largest revenue and this market would
experience substantial market growth in coming years. Acoustic insulation
application is the fastest growing application segment at a CAGR of 46.3%
during the forecast period. The high porosity of aerogel dampens the sound
velocity within it, resulting in high sound absorption capacity. This characteristic
of aerogel promotes its use as an acoustic solution.
Geography Market Analysis
Within geography markets, segmented into North America, Europe, Asia
Pacific, and Latin America, Middle East and Africa (LAMEA), North America
was the largest revenue-generating region market. European region is the
fastest growing geographical segment with a CAGR of 38.4% during the
forecast period. European governments’ green initiatives are pushing the
market growth by catalyzing the need of building and industrial insulators.

8. Aerogel Mar ket Compet i t i ve
Anal ys i s & High Level Anal ys i s
Competitive Analysis
The strategies followed by key players in this market present a clear understanding
about their intensity and concentration in specific business segment. Strategic analysis
of the companies reveals that most of them are concentrating on product launch
followed by collaboration and agreement for their business expansion, to diversify their
products, and to explore new areas of applications. The agreements among the
companies are focused to enhance their operations and services. Most of the
agreements are related to market expansion and development of product for
insulation application. Collaboration and joint venture were among other strategies
adopted by market payers for the expansion of their business. These strategies resulted
in the advancement of the technology and diversification of the products in the
untapped areas.
High-Level Analysis
The Porter’s five-force analysis measures the competitive scenario of the aerogel
market. The bargaining power of supplier is evaluated to be moderate to high as there
are few suppliers present in the market. Though aerogel is turned out to be a better-insulation
solution compared to conventional material, manufacturers have to increase
the product price to meet their production cost, which is still at the higher side.
Therefore, the high cost results high threat of substitutes. Top investment pocket analysis
evaluated building insulation as the most promising sector for investments in future. This
market possesses huge growth potential; however, cash flow in this sector at present is
comparatively low.

9. Global Aerogel Mar ket Overv iew
Restraints Global
Aerogel
Market
Overview
Drivers
Market
Definition and
Scope
Key
Findings
Porter’s Five
Forces
Analysis
Value chain
analysis
Market Share
Analysis
Case studies

10. Market Dynamics
Mar ket Dynamics
Key Market
Drivers
Market
Restraints
High cost of
Production
High durability
and protection
from fire.
Lighter &
thinner
alternative to
conventional
insulations
Reusability &
recyclability of
aerogel driving
the adoption
Efficient
thermal
resistance
Economic and
scientific
obstacles

11. GLOBAL AEROGE L MARKE T BY
RAW MATERIAL S
Silica
Aerogel
Carbon
Aerogel
Alumina
Aerogel
Based on
processing
Other types
of Aerogel

12. GLOBAL AEROGE L MARKE T BY FORM
Blankets
Global
Aerogel
Market
by Form
Powder
Blocks
Panels

13. GLOBAL AE ROGE L MARK E T B Y
AP P L ICAT IONS
Market
By
Applications
Building Insulation
Oil & Gas
Aerospace
Automotive Thermal
Management
Chemicals
Healthcare
Other Applications

14. GLOBAL AE ROGE L MARK E T
B Y , GEOGRAPHY

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