Silica Aerogel Market: Key Insights
Silica aerogel is a lightweight, low-density material with high thermal insulation properties. It is made by removing the liquid from a gel through supercritical drying. The market is expected to accentuate in the forecast period due to the surging demand for energy-efficient insulation materials in various end-use industries such as construction, oil and gas, and transportation.
Silica aerogel is widely used as an insulation material in the construction industry due to its high thermal insulation properties. In the oil and gas industry, silica aerogel is used as an insulation material for pipelines and LNG tanks to reduce heat loss and improve energy efficiency. In the transportation industry, silica aerogel is used as a vehicle insulation material to reduce fuel consumption and emissions. The growing demand for energy-efficient insulation materials in these industries is expected to drive the growth of the global silica aerogel market.
Rising Demand from the Semiconductor Industry to Drive Silica Aerogel Market
The rising demand from the semiconductor industry is a significant factor driving the global silica aerogel market growth. Semiconductors are widely used in electronic devices such as computers, smartphones, and other electronic equipment. The increasing demand for electronic devices is driving the semiconductor industry's growth, which in turn is driving the demand for silica aerogel.
Silica aerogel is an insulation material in the semiconductor industry to keep electronic devices cool and prevents overheating. It has low thermal conductivity and high thermal insulation properties, making it an ideal insulation material for electronic devices. The increasing adoption of silica aerogel in the semiconductor industry is expected to drive the growth of the global silica aerogel market in the forecast period. Additionally, the advancements in semiconductor technologies such as 5G and IoT are expected to increase the demand for silica aerogel in the market.
Silica Aerogel Market: Segmental Overview
The global silica aerogel market is segmented based on form and application. Based on form, the silica aerogel market is segmented into blanket, panel, monolith, and others. The silica aerogel market based on the application is classified into oil & gas, automotive, building installation, chemicals, aerospace, and others.
Based on form, the blanket segment held the substantial share of the global silica aerogel market. Blankets are flexible and easy to install, which makes them a popular choice for insulation in various applications. The blanket segment has many applications, including construction, oil, gas, transportation, etc.
In the construction industry, silica aerogel blankets are used as insulation material for walls, roofs, and floors to improve energy efficiency and reduce heat loss. In the oil and gas industry, silica aerogel blankets are used as insulation material for pipelines and LNG tanks to reduce heat loss and improve energy efficiency. In the transportation industry, silica aerogel blankets are used as insulation material for vehicles to reduce fuel consumption and emissions. The growing demand for energy-efficient insulation materials in these industries is expected to drive the growth of the silica aerogel blanket segment. Additionally, the ease of installation and flexibility of silica aerogel blankets are factors contributing to this segment's growing popularity in the market.
Silica Aerogel Market: Competitive Landscape and Key Developments
Aerogel Technologies, LLC., ASPEN AEROGELS, INC., Cabot Corporation, Guangdong Alison Hi-Tech Co.,Ltd, JIOS Aerogel Corporation, NanoPore, Incorporated, Ocellus, Inc., Svenska Aerogel AB, The Dow Chemical Company, and Thermablok, Inc. are among the key players operating in the silica aerogel market. These companies have a widespread presence worldwide, which provides lucrative opportunities to serve many customers and expand the market.
Contact Us
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com