Silica aerogel is widely used as an insulator for refrigerators, containers and refrigerated vehicles. It is also widely
used in textile industry to manufacture aerogel blankets. Silica aerogel is also used as an absorbent in numerous
chemical manufacturing industries. The developments in the end-use industries increases the demand for silica
aerogel too. Several businesses are focusing on extensive research & developments to develop new applications
of silica aerogel, which again increases its use in various industries.
Conversely, cost of silica increases the cost of its derivation and preparation cost of aerogel are few factors
constraining the growth of silica aerogel market. In addition, the complexities prevalent in preparation of silica
aerogel are obstructing the rise of the market worldwide. The top market players are applying various
competitive strategies like new product development, expansion, partnership to sustain in the growing silica
aerogel market.
The market is categorized on the basis of raw material, form, application, and geography. Based on raw material,
market is divided into silica, carbon, alumina, and others. On the basis of form, the market is divided into
blanket, particle/powder, block, and panel. In terms of application, silica aerogel market is classified into
building insulation, oil & gas, aerospace, automotive, healthcare, chemical, electronics, apparel, and other.
Building insulation segment is projected to hold larger share of silica aerogel market owing to speedy growth of
urbanization in emerging countries.
Geographically, the market is segmented as North America, Latin America, Europe, Asia Pacific, and Middle East
& Africa. North America is expected to hold larger share of the market owing to the growing research &
development activities. The key participants of silica aerogel market are Aspen Aerogel Inc., Airglass AB, Cabot
Corporation, Acoustiblok UK Ltd., American Aerogel Corporation, BASF SE, Dow Corning Corporation, JIOS
Aerogel, Active Aerogels, and Svenska Aerogel AB.
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