Global Market For Aerogels Worth $646.3 Million In 2013
April 03, 2009
Wellesley, Mass—According to a new technical market research report, AEROGELS (AVM052B) from BCC Research (www.bccresearch.com), the global market for aerogels was worth $82.9 million in 2008. This should increase to $646.3 million in 2013, for a compound annual growth rate (CAGR) of 50.8%.
The aerogels market accounted for 1,011.0 metric tons of materials in 2008. This is expected to increase to 9,646 metric tons in 2013, for a CAGR of 57.0%.
Aerogels are ultra-light, low density, nanoporous materials that can be made from inorganic, organic or hybrid materials. Aerogels are characterized by ultra-fine cell size and open-cell structure. They are formed by interconnected polymeric-type chains that create continuous porosity. Pore sizes are generally below 100 nanometers, and aerogel particle sizes are typically below 20 nanometers.
GLOBAL MARKET FOR AEROGELS, 2006-2013
Source: BCC Research
The market for aerogels is still quite small, with a very limited number of players; consequently, any change in a firm’s activities and/or location has a major impact on both manufacturing and sales distribution.
There are nine industrial segments where aerogels have current or potential applications. These include thermal and acoustic insulation, electronics, chemical/environmental, medical/biological/pharmaceutical/personal care, sensors and instrumentation, energy, aerospace and space exploration, consumer and defense applications.
Aerogels( AVM052B )
Publish Date: March 2009
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