Aerogels Market - Global Industry Analysis, Forecast 2015 – 2023

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Aerogels Market - Global Industry Analysis, Size,

Share, Growth, Trends and Forecast 2015 - 2023

Published Date

02-Feb-2016

184 Page Report

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Aerogels Market to Reach US$1,093.2 mn by 2023, Driven by

Oil and Gas and Construction Industries : TMR

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Aerogels Market

REPORT DESCRIPTION

Aerogels Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Aerogels are one of the most advanced lightweight composite materials that contain more than 95% air and

silica or any other material particles suspended in intricate three dimensional porous structure. Aerogels are

gels, wherein the liquid phase is replaced by air by keeping the solid phase undamaged. Aerogels were first

synthesized in 1931 by Samuel Kistler. However, high cost associated with the production of aerogels resulted

in slow commercialization of aerogels. Thus, usage of aerogels was restricted to high-end applications.

Aerogels exhibit low density, porous structure, and low thermal conductivity. This makes them suitable for

usage in various applications that require light weight and low thermal conductivity such as insulation in

petrochemical, construction, and aerospace industries. Expansion in the insulation industry has propelled the

usage of aerogels in various end-user industries. The large array of properties make aerogels most suitable in

applications that require light weight and low thermal conductivity. Rising demand for aerogels in oil & gas and

construction industries is likely to drive the aerogels market in the next few years. However, availability of

various low-cost substitutes and high cost associated with the production of aerogels are projected to hamper

market growth during the forecast period. High demand in the...