The aerogel segment that is the fastest-growing segment in the segmentation of aerogels based on raw materials, and it is growing at a CAGR of 47% during the given forecast period. The silica aerogel segment accounted for the largest revenue generated in 2014. By end user industry, the oil & gas segment dominated the global aerogel market with 72.0% of market share in 2014. By form, the blanket segment is the leading segment of the aerogel market and accounted for a share of 82.0% in 2014.
The global aerogel market is segmented on the basis of raw materials into silica, carbon, alumina, and others; also on the basis of form into blankets, particles, blocks, and panels. The market has been segmented on the basis of application into building insulation, acoustic application, day-lighting, fire protection, automotive thermal management, industrial & cryogenics, and others. And it has also been segmented on the basis of end user industry into oil & gas, construction, automotive, marine, aerospace, and others. On the basis of geography, the market has been segmented into Asia-Pacific (China, India, Japan, South Korea, rest of APAC), North America (United States, Canada, Mexico, rest of North America), Europe (Germany, United Kingdom, Italy, France, rest of Europe), South America (Brazil, Argentina, rest of South America), and Middle-East & Africa (Saudi Arabia, South Africa).
Among all the countries in the world, North America is the largest consumer and producer of aerogel due to its strong technological setup. China is the second largest consumer of aerogel in the world. Aerogel has been used in space suits by the National Aeronautics and Space Administration (NASA) in the United States. Brazil, Japan, Germany, and the United Kingdom are among the few other countries, which have been using aerogels in large amounts, thereby, driving the growth of this market.
Growth is largely fuelled by the increasing demand from developing countries in Asia-Pacific and Europe due to their increasing research in innovation of materials and new application areas. Aerogel is very easy to install as an insulator and is lighter, thinner, and more durable than conventional insulators, which adds to the growth of this market. Furthermore, aerogel is reusable and recyclable, which adds to the benefits of using aerogel.
However, the higher costs of production serve as a major restraint for the growth of the global aerogel market, since it becomes very difficult to buy the end product for the customers, who ultimately have to take the whole burden. Adverse economic conditions in a particular industry also affect the market, as this factor decreases the overall sales of aerogel in the market. Volatility in the raw materials also hinders the growth of the studied market.
The key players in global aerogel market are:
Analysis for the global aerogel market, with region specific assessments and competition analysis on global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global aerogel market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
1.2 Research Methodology
2. Executive Summary
3. Global Aerogel market
3.2 Industry Value Chain Analysis
3.3 Industry Attractiveness Porters 5 Force Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Consumers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Degree of competition
4. Market Dynamics
4.1.1 Increased demand from developing countries
4.1.2 Ease of installation
4.1.3 Reusability and Recylability
4.1.4 Lighter, thinner and more durable than conventional insulations
4.2.1 Volatility in raw material prices
4.2.2 High cost of production
4.2.3 Sales side pressures in adverse economic conditions
4.3.1 Increasing awareness of cost savings in Oil and gas industry
4.3.2 Ecofriendly means of thermal management
4.3.3 Effective substitution of fiber glass, foam and cellulose
5. Market Segmentation and Analysis
5.1 By Raw materials
5.2 By form
5.3 By application
5.3.1 Building insulation
5.3.2 Acoustic application
5.3.4 Fire protection
5.3.5 Automotive thermal management
5.3.6 Industrial & cryogenics
5.3.7 Other applications
5.4 By end user industry
5.4.1 Oil and gas
6. Regional Market Analysis (Market size, growth and forecast)
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.5 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle-East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
7. Competitive Landscape
7.1 Mergers & Acquisitions
7.2 Joint Ventures, Collaborations and Agreements
7.3 Market Share Analysis
7.4 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Products & Services, Financials, Recent Developments)
8.1 American Aerogel Corporation
8.2 Acoustiblok UK Ltd
8.3 Active Space Technologies
8.5 Aerogels Composite
8.6 Airglass AB
8.7 Aspen Aerogel Inc
8.8 BASF SE
8.9 C F Technologies
8.10 CABOT CORPORATION
8.11 CDT Systems
8.13 Dow Chemical Corporation
8.14 Green Earth Aerogel Technologies
8.15 Honeywell International
8.16 JIOS Aerogel
8.17 Maero Tech Sdn Bhd
8.19 Nano High-Tech
8.22 Royal Dutch Shell
8.23 SVENSKA AEROGEL AB
8.24 TAASI (The Attia Applied Sciences)
8.25 Wacker Chemie