Aerogel is porous, synthetic and ultra-light substance that is extracted from gel in which liquid component is replaced by gas. It is composed of the interconnected nanostructure. It is extremely lightweight and porous. Polymer aerogel are the strongest aerogel in comparison to other types of aerogel. Additionally, it contains low thermal conductivity and can be used as insulation material. The aerogel can be easily recycled which increases its cost effectiveness and make it eco-friendly. The aerogel contains air pockets and it takes maximum space within the material. The aerogel contains a hydroxyl group which can easily react with water. Polymer aerogel is one of the common type of aerogel. The various manufacturing process related to polymer aerogel are sol-gel process, drying methods and carbonization. The structure of polymer aerogel can be altered from nanoparticles to microfibrillar networks.
Market Size and Forecast
The global polymer aerogel market is anticipated to expand at a significant CAGR during 2017-2027. It is projected to reach significant market size by 2027. The thermal insulation property coupled with light weight of aerogel is anticipated to increase the market growth of the polymer aerogel during the predicted period.
The global polymer aerogel market can be segmented on the basis of form, processing and application. On the basis of application, it is sub-segmented into oil & gas, construction, performance coating, day-lighting & LVHS and transportation. Transportation sub-segment is further segment into automotive, marine and aerospace. Oil and gas sub-segment is anticipated to be the fastest growing sub-segment on the account of increasing demand for insulation of petroleum products. On the basis of processing, it is sub-segmented into additives and composites. On the basis of form it is further sub-segmented into blanket, panel, particle and monolith. The blanket sub-segment is anticipated to register significant growth during the forecast period on the account of its extensive application in pharmaceuticals, oil & gas and other industries.
By region, global polymer aerogel market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America is anticipated to be the leading region of the global polymer aerogel market on the account of increasing application of aerosol in various end-use industries such as automotive, marine and aerospace. Additionally, the increasing consumer awareness and presence of key market players is anticipated to boost the market growth in region. However, Asia-Pacific is anticipated to exhibit significant growth on the account of increasing R&D investment by various companies for developing varied range of polymers.
Our in-depth analysis segmented the global polymer aerogel market in the following segments:
Global polymer aerogel market is further classified on the basis of region as follows:
Growth Drivers and Challenges
The enhanced thermal resistance property of the polymer aerogel is anticipated to fuel the market growth during the predicted period. The continuous environmental changes across the globe coupled with strict government norms are anticipated to increase the demand for polymer aerogel. The various end user industries such as construction, fabrication require better insulation material .Thus companies operating in the polymer aerogel market are continuously investing in order to develop low-cost alternatives. The various traditional insulation materials have much less efficiency in comparison to polymer aerogel. This indirectly drives the market growth of the polymer aerogel worldwide.
However, high production cost associated with the manufacturing of aerogel is a major factor anticipated to hinder the polymer aerogel market.
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