The global aerogel insulation market is foretold to expand at a CAGR of 20% between 2019 to 2025 and was estimated at USD 0.6bn in 2018.
Over the last few years, there have been tremendous changes in the aerogel insulation market. Going green in the adoption of materials in building insulation is bringing a positive change in the global aerogel insulation market.
Researchmoz reports on the global aerogel insulation market citing the market size, growth opportunities, drivers, restraints, and competitive edge.
Building Insulation Drives the Aerogel Insulation Market
Rapid urbanization and industrialization are leading to the construction of better infrastructures and buildings. The rise in construction is paving the way for high-performance insulation to cater to energy-efficient buildings. Currently, aerogels are regarded as not only the best insulation with high-performance ability but also green building material that could lower the carbon footprint in the environment.
Polymer Aerogel Boost Sales
Polymer reinforced aerogels have many advantages over the traditional silica aerogel, while silica is the most common gel used for its chemical and physical properties, Polymer aerogels surpass it.
Polymer aerogels are considered two times stronger than silica aerogel and provide the same insulation properties and are also less fragile, which makes them best for various applications. These factors will enhance the growth opportunities for the aerogel insulation market in the following years.
However, the high cost of aerogels might dampen the growth of global aerogel insulation in the coming years.
Nevertheless, growing awareness and adoption of green building materials will push the market to swell over the forecast period.
Some of the key players in the aerogel insulation market include-
- American Aerogel Corporation
- Active Aerogels
- Green Earth Aerogel Technologies
- Enersens SAS
- Aspen Aerogels
- Cabot Corporation, S
- venska Aerogel BASF
- Aerogel Technologies
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Researchmoz elucidates the market dynamics of the global aerogel insulation market in detail in its report. Here are a few takeaways from the comprehensive report available with Researchmoz.
The global aerogel insulation market is expected to witness phenomenal growth at a CAGR of 20% between 2019 to 2025.
Rapid urbanization and industrialization are thriving in the construction sector and in turn, being a catalyst to the aerogel insulation market.
Polymer aerogels are stronger than silica gel, and thus have better growth opportunities in the global aerogel insulation market.