Acoustic insulation application is the fastest
growing application segment in the global aerogel market. The high porosity of
aerogel reduces the sound velocity inside it, resulting in high sound
absorption capacity. This is an important characteristic of aerogel that
promotes its use as an acoustic solution. Efficient thermal resistance,
reusability and recyclability of aerogel, lighter and thinner alternatives to
conventional insulations, high durability and protection from fire are the key
factors driving the adoption of the aerogel market.
Aerogel is a porous, synthetic and extremely light
material derived from a gel, in which the liquid element of the gel has been
replaced with a gas. Aerogels have low thermal conductivity and extremely low
density. Aerogels can be made from a variety of chemical compounds. In aerogel
production, the liquid part of a gel is extracted by supercritical drying.
Production of aerogel involves conventional
evaporation in which the liquid is dried off slowly without affecting the
concrete matrix in the gel to disintegrate from capillary action. Initially,
aerogels were produced from silica gels. Aerogel is a material that is 98.2%
air, and due to the lack of solid material aerogel is almost weightless.
Aerogel has a porous solid network that contains air pockets, with the air
pockets, taking up majority of space within the material. Aerogels are good
thermal insulators because they nullify two of the three methods of heat
transfer (radiation, convection and conduction). They are good conductive
insulators, as they are composed entirely from gas, and gases are poor
conductors of heat.
For the better understanding, the global aerogel
market can be categorised on the basis of raw material, applications and
aerogel type. Based on the raw materials, aerogel market is divided into
silica, carbon, alumina and others. On the basis of applications, the aerogel
market is divided into building insulation, oil and gas industry, aerospace,
automotive thermal management, chemicals, electronics, acoustic insulation,
healthcare. Based on forms, the global aerogel market is divided into powder,
blankets, blocks and panels. In 2013, blanket constituted the largest segment
in the aerogel market by form and is expected to experience substantial growth
in coming years.
The global aerogel market has many opportunities in
future. Aerogel can be inserted in firefighter's protective gears, due to its
thermal protective performance. Due to its high heat resistance along with
extreme lightweightedness; it can be used as apparels in the cold regions.
Besides, by having a high surface area, carbon aerogel can also be used for electrical
energy storage and hydrogen. In addition, the extremely thin and easily
produced polyurethane aerogel insulating panel is a further new invention in
the aerogel market. This factor is influencing the growth of the aerogel panels
segment.
High production cost is the most important
restraining factor for the global aerogel market, as the rising cost burden
affects the consumers directly. High cost of production and dependence on
general economic conditions are some other factors obstructing the global
aerogel market. Moreover, industries such as construction, power generation and
petroleum are vulnerable to cross-boundary economic conditions and hence, the
aerogel market which are dependent, face sales side pressure in adverse
economic conditions.
Some of the major competitors operating in the
global aerogel market are Aspen Aerogels, Inc., Cabot Corporation, and The Dow
Chemical Company. However, there are various small scale companies spread
across the other parts of the globe trying to increase aerogel production.
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