The new report from Expert Market Research titled, “Global Airgel Market Share, Size, Report and Forecast 2023-2028”, provides an in-depth analysis of the global airgel market, assessing the market based on its segments such as types, process types, distribution channels, applications and key regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, along with market analysis based on SWOT and Porter’s Five Forces models.
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Highlights of the report include:
Market Overview (2018-2028)
• Historical market size (2020): 645 million USD
• Forecast CAGR (2023-2028): 10%
Airgel is a brittle and lightweight material that has a low thermal conductivity, making it an excellent insulating material. A useful attribute of this product is its ability to repel water, which helps expand its demand in specific end-use markets. Airgel insulating panels are used in residential and industrial structures for daylighting and cavity filling.
North America is the largest region in terms of airgel material development and application. It is the world leader in airgel industry in product growth, pricing and application development.
Airgel Industry Definition and Key Segments
Airgel is a rigid mesoporous foam made by removing the liquid part of a gel and replacing it with gas. It consists of an integrated nanostructure network with a minimum porosity of 50%.
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The market can be divided into the following segments by type:
The market can be divided according to form:
The market is segmented by application:
• Insulation of buildings
• Acoustic insulation
• Fire protection
• Thermal management of automobiles
• Industrial and Cryogenic
The end use of the industry can be categorized as:
• Oil and gas
• Building and construction
• Automotive, Aerospace and Marine
• Performance clothing
The main regional markets for Airgel are:
• North America
• Latin America
• Middle East and Africa
• Asia Pacific
Airgel Market Trends
Traditional insulating textiles, such as polyurethane foam, mineral wool, stone wool and stone wool, present several risks. Installing high levels of insulation in historic homes is much more complex, as additional layers contribute to improving the visual appearance of the home. As a result, aerogels are predicted to be suitable for traditional insulation materials to meet the energy criteria of various regulatory bodies and to avoid structural compromises in new projects. However, the production of airgel materials requires a significant amount of R&D, making the whole process expensive. In addition, Airgel structures are created using synthetic procedures that are less flexible. One of the main obstacles to the development of the airgel business is the high cost of production.
Major market players
Key players in the market are Airgel Technologies, LLC, Aspen Aerogels, Inc., Svenska Airgel Holding AB, Cabot Corporation, and Green Earth Airgel Technologies, among others. The report covers market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other recent developments of these market players.
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