Due to growing environmental consciousness, a rise in demand for biodegradable items has been seen. Due to its low thermal circulation, which lowers energy loss and expenses, aerogel proves to be an effective substitute for conventional insulators. Because they are so simple to handle, blankets are the most popular type of aerogel. Silica aerogels and flexible fibres are combined to create blankets. Aerogels are reported to have greater thermal insulating characteristics since oil well lines, LNG tankers, and transfer lines need to be heated, super-cooled, and shielded to preserve product temperature. The biggest market for aerogels is oil and gas. The growth of the oil and gas sector is boosted by the increasing demand for sophisticated insulation supplies in its critical processes. The global aerogels market is anticipated to expand as a result of the rising demand for aerogel applications in sectors including construction, oil & gas, and vehicles.
The market for Aerogels was valued at $701.0 million in 2019 and is anticipated to grow at a CAGR of 9.3% to reach $1,395.5 million by 2027.
Leading Companies in the Aerogels Industry:
1. Aspen Aerogels Inc. (U.S.): The energy infrastructure, building materials, and electric car markets all use high-performance aerogel insulation, which is designed, developed, and produced by Aspen Aerogels Inc. The business also carries out research and development on aerogel technology with financial assistance from several US government organisations as well as money from other organisations in the form of R&D contracts. Created in 2001. United States headquarters. Koch Strategic Platforms and Aspen Aerogels, Inc. announce a $75 million private placement.
2. Cabot Corporation (U.S.): A wide range of chemicals, materials, and chemical-based goods are produced and sold by Cabot Corp. Built in 1881. American headquarters in Boston. -In accordance with certain debt-like and other closing adjustments, Cabot Corporation stated in 2021 that it had signed into an agreement to sell its Purification Solutions business to One Equity Partners, a middle market private equity group, in a deal worth $111 million.
3. Aerogel Technologies LLC (U.S.): Manufacturer of monolithic aerogel components used to create products with silica, carbon, and polymer bases. Created in 2004. American headquarters in Boston.
4. Nano High-Tech Co. Ltd. (China): Manufacturer of measurement automation systems intended to simplify and streamline the measuring process. Users can overcome technical challenges and have access to cutting-edge measuring equipment thanks to the company's systems, which are specialised in essential pieces of precision measuring equipment. Founded in 1990. Headquarters in South Korean city of Daejeon.
5. Guangdong Alison Hi-Tech Co. Ltd. (China): Aerogel and related composites manufacturer aims to support clean energy. Based on its thermal insulation feature, the company focuses on studying and creating aerogels and associated products, enabling a variety of sectors to improve the thermal insulation performance of energy-efficient materials. Founded 2007. Guangdong, China, is the headquarters.
6. Active Aerogels (Portugal): Manufacturer of aerogels that are intended to act as thermal insulation during the adsorption of contaminants. Founded 2012. Headquarters in Portugal's Coimbra.
Definition: A solid material of extremely low density, produced by removing the liquid component from a conventional gel.
