Global Market Analysis Report of Chemicals and Materials Industry: Global Silica Aerogel Market Share

Friday 18 October 2019

Silica Aerogel Market Projected to Register 31.1% CAGR in Near Future

Due to silica aerogel’s insulating properties, it can be a potential substitute for conventional insulation materials, which include fiberglass (needs careful handling), cellulose (hard to apply), mineral wool (not fire-resistant), and polyurethane (not eco-friendly). In contrast, silica aerogel is recyclable, easy to apply, eco-friendly, and fire-resistant. All these characteristics make it a much better option than all the materials mentioned above. The main aim of enhanced thermal insulation is to reduce the primary energy consumption. Since silica aerogel has low thermal conductivity, of 0.015 watts per meter kelvin, it is a viable option for construction, which is one of its many applications. In addition, this material can also be used to make windows and skylights due to its visible transparency, providing architects with the possibility of reinventing architectural solutions.

As per the research conducted by P&S Intelligence, the global silica aerogel market attained a value of $273.0 million in 2015 and is expected to grow with a CAGR of 31.1% in the coming years. Silica aerogel is a lightweight solid material manufactured by the means of the sol-gel chemistry. It is derived from a gel; however, the liquid component of the gel is replaced by a gas. Aerogels contain 95.0% to 99.0% air by volume, which makes them one of the world’s lightest solid materials. Excellent heat insulation properties, low density, high porosity, and low dielectric constant are some characteristics which make this material versatile enough to be used in several applications, such as oil & gas, aerospace & defense, industrial insulation, transportation, and building insulation.

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The transportation industry uses silica aerogel to insulate commercial and personal vehicles, such as railroad passenger cars, mass transit cars, and trucks, as the insulation assists in reducing the noise and heat in these vehicles. Other features which make aerogel insulation suitable for the automotive industry include its resistance to moisture and superior resistance flame spread and smoke emission. Silica aerogel is also suitable for applications in the aerospace industry as it is the lightest insulation material available with high thermal conductivity. It was used to insulate the NASA MARS rover, where it successfully prevented the escape of the heat to outside the rover body walls. The rover spacecraft consisted of a silica aerogel-insulated warm electronics box, a battery thermal switch heat rejection system, and radioisotope heating units (RHU). Other than this, the Stardust spacecraft also made use of silica aerogel to encapsulate the cosmic particles from the comet tail. “Cosmic bullets” were trapped through the use of this material as the spacecraft flew through a comet’s tail in January 2004.

The eco-friendliness of silica aerogel is another major aspect which is resulting in its increased demand. Silica aerogel materials are quite similar to naturally occurring minerals, as environment-friendly raw materials are used for their manufacturing, and they don’t emit or possess any harmful chemicals. Furthermore, it is a reusable solid and can be disposed of safely. For instance, silica aerogels blankets that are used to insulate buildings can later be recycled and processed as composites and additives for other applications such as coatings and plasters. Due to these advantages of silica aerogel over other conventional insulating materials, its requirement is growing.

Manish Baghel 0

Friday 23 August 2019

Silica Aerogel Market size 16:35

Silica Aerogel Market to Display Massive Growth During Forecast Period

Due to silica aerogel’s various beneficial properties such as superior thermal insulation, lightness, and environment-friendly nature, its application is increasing, thereby leading to the growth of the silica aerogel market. In 2015, the market generated revenue of $273.0 million, and it is predicted to progress at a CAGR of 31.1% during the forecast period (2016–2022). Silica aerogel is a lightweight solid material produced by means of sol-gel chemistry. It is obtained from a gel, in which the liquid substance is replaced by gas.

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Based on form, the silica aerogel market is broadly categorized into blanket, panel, and monolith. Out of these, during the historical period (2012–2015), the blanket category dominated the market in terms of sales volume and revenue, and it is predicted to maintain its dominance during the forecast period. Silica aerogel blanket products, sold in multiple thicknesses, can be consumed as thermal insulation in industrial, apparel, and building applications. These are widely adopted for applications where thin product is required, as these that can be easily cut, rolled, and shaped at construction areas.

Thus, due to their various advantageous properties, blankets are being heavily used, which, in turn, is boosting the growth of the market. On the basis of application, the silica aerogel market is mainly classified into oil & gas, industrial insulation, transportation, aerospace & defense, and building insulation. Among these, during 2012–2015, the oil & gas classification led the market in terms of value and sales volume, and it is expected to continue leading it during 2016–2022, owing to the rising focus on efficient insulation systems to adhere to environmental regulations.

The challenges faced by oil & gas companies in the form of cold Arctic environment, oil sands, and ultra-deep waters are continuously rising. Silica aerogel supplies are available in a wide range of forms to meet the increasing needs of the oil and gas industry. Furthermore, the construction, aerospace & defense, and transportation sectors are also widely adopting silica aerogel, thereby fueling the growth of the silica aerogel market. For instance, in the transport sector, insulation assists in lowering the noise and heat in personal and commercial vehicles, such as buses, trucks, and mass transit cars.

Silica aerogel is the lightest insulation material with significant thermal conductivity, which makes it viable for use in the aerospace and defense sector. Silica aerogel is a solid that can be used again for a chain of applications and can be safely disposed. For instance, the silica aerogel blankets consumed in building for insulation can be easily recycled by processing as additive or composites for other applications, including coatings and plasters. Thus, due to these features, the adoption of silica aerogel is swelling, leading to the growth of the silica aerogel market.

Aerogels are the lightest solid materials across the world, consisting of 95.0% to 99.0% air by volume. When the liquid, initially present, is changed, a puffed-up sand with up to 99.0% porosity remains, which results in an extremely low-density solid. Silica aerogel is adopted to improve the thermal performance of energy-saving substances and sustainable products for buildings, consumer products, and on and off-shore industrial infrastructure and act as a high-performance additive for personal care products and coatings.

Thus, the beneficial properties of silica aerogel are resulting in its widespread adoption in various sectors.

Manish Baghel 0