Aerogels Market – Global Industry Analysis, Market Growth, Trends and Forecast 2015 – 2023

Transparency Market
Research
Aerogels Market – Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2015 – 2023

Published Date
02-Feb-2016

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Press Release

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.