LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global aerogel market report. This research report also lists five other prominent vendors that are expected to impact the market during the forecast period.
The automotive segment is a key application area for aerogels and accounted for a 4.9% share of the global aerogel market in 2015. The segment is anticipated to grow at a CAGR of 28.06% during the forecast period. The demand for aerogels is growing from the automotive segment owing to their unique properties like excellent thermal resistance, enhanced acoustic insulation, light weight, reduced thickness, and fire and water resistance.
Competitive vendor landscape
The global aerogel market is consolidated with the presence of few large global vendors and the competition is high. These players have vast geographical presence with production facilities located globally. Apart from these large vendors, there are few small regional vendors with significant shares in the market.
“Although aerogel is priced at a premium, the material has a wide range of applications. Commercialization of a new aerogel production technology, which uses rice husk as raw material, is expected to change the market dynamics by lowering prices. Vendors are investing heavily to find new production methods and aerogel variants for diverse applications,” says Swapnil Tejveer Sharma, a lead plastics, polymers, and elastomers analyst from Technavio.
Many patents are filed by vendors in this market for applications such as thermal insulation, adsorption of oil spills, new devices for drug delivery, and composite fibers. The number of patents related to aerogels has increased by more than 500% over the past 20 years. This drastic increase provides evidence of the extent of research and investments being made in the industry.
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Top five aerogel market vendors
Aspen Aerogels
The company offers high-performance aerogel insulation products that are primarily used in large-scale energy infrastructure facilities. The company has two wholly-owned subsidiaries, which are also called Aspen Aerogels, in the US and Germany, respectively.
The company provides high-quality aerogels for refining, petrochemical, LNG, power, subsea, district energy, and building and construction sectors. Other applications of its aerogel products include industrial, OEM, outdoor gear, and apparel. Its product portfolio includes Pyrogel, Spaceloft, and Cryogel.
Aerogel Technologies
Aerogel Technologies is one of the leading producers of monolithic aerogel materials. The company has shape control, compositional tailoring, and monolith manufacturing capabilities. It manufactures carbon, silica, polymer, and metal aerogels for various scientific and engineering applications.
The company offers three major products: Classic Silica aerogels, Hydrophobic Silica Aerogels, and Carbon Aerogel Precursors-RF Aerogels.
American Aerogel
American Aerogel produces aerogels and related materials for temperature-sensitive shipping requirements. The company’s products are used in various thermal insulation applications to transport biomedical, pharmaceutical, and other temperature-sensitive products.
The company is one of the largest providers of aerogels in North America. It offers aerogel products under four major temperature ranges: frozen (dry ice), refrigerated (RF), controlled room temperature (CRT), and multi-temperature (FlexSystem).
BASF
BASF offers chemicals, performance and crop protection products, plastics, and oil and gas. The company serves diversified industries including paper, furniture, automotive, and others, and has customers in 200 countries. In FY2015, the company had 112,435 employees, generated a revenue of USD 78.36 billion, and invested USD 2.17 billion in R&D.
BASF provides high-performance polyurethane-based aerogel insulation panels under the SLENTITE brand name. This aerogel requires only half the space to perform any operations unlike conventional materials.
Cabot
Cabot provides specialty chemicals and performance materials. Its product portfolio includes inkjet colorants, aerogels, rubber and specialty grade carbon blacks, elastomer composites, fumed metal oxides, and cesium formate drilling fluids. Its products are used in the transportation, infrastructure, environment, and consumer goods industries.
The company provides high-quality silica aerogels for the building and industrial infrastructure sector, personal care products, and others. Its aerogel products include LUMIRA 1000 and LUMIRA 2000.
The other prominent vendors are:
- Nano High-Tech
- Guangdong Alison Hi-Tech
- Active Aerogels
- Enersens SAS
- JIOS Aerogel
Browse Related Reports:
- Global Insulated Packaging Market 2016-2020
- Global Cold Insulation Market 2015-2019
- Global Specialty and High-Performance Films Market 2016-2020
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