According to the TechSci Research report, “United States Aerogel Market –Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, the Global Aerogel Market is valued at USD 218.88 million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 10.5% through 2028. This can be ascribed to collaborations and partnerships among leading companies with a diverse approach to merge the expertise of individual companies and to strengthen their position in the market.
The construction industry is experiencing a remarkable transformation driven by the pursuit of energy efficiency, sustainability, and innovative technologies. One material leading this revolution is aerogel. With its exceptional insulating properties and versatile applications, aerogel is emerging as a game-changer in the construction sector of the United States, reshaping the industry's landscape and driving the growth of the aerogel market. Aerogel insulation, when incorporated into building materials, creates a thermal barrier that significantly reduces heat transfer.
This results in buildings remaining cooler in the summer and warmer in the winter without relying heavily on energy-consuming heating and cooling systems. Consequently, there is a drastic reduction in energy consumption, lower utility bills, and a diminished carbon footprint. One of the most prominent applications is in insulation materials.
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Traditional insulation materials can be bulky and less efficient, whereas aerogel-based insulation offers a thin, lightweight alternative without compromising performance. Transparent aerogels have also found their way into the construction sector. These materials, often referred to as "frozen smoke windows," possess remarkable light transmission capabilities while maintaining insulation properties.
Such windows could revolutionize building design, allowing for more natural light while minimizing heat loss. Moreover, aerogel-enhanced concrete and plaster are being explored to create structures with improved thermal efficiency. As aerogel technology continues to advance, its potential applications in construction are only beginning to be realized.
The growing emphasis on energy efficiency, sustainability, and green building practices is propelling the demand for aerogel in the construction industry. Governments are enacting stricter regulations and incentives to promote energy-efficient buildings, leading architects, and builders to actively seek materials that meet these standards. Aerogel's ability to contribute to LEED certification and other green building requirements further solidifies its importance.
The United States government has taken proactive measures to foster research and development initiatives focused on aerogel technology. Funding and grants are allocated to universities, research institutions, and private companies engaged in aerogel research. These initiatives not only drive technological advancements but also promote collaboration among scientists, engineers, and industry experts.
The United States Aerogel Market segmentation is based on Type, Form, Processing, Application, By Company, and Region.
An example of such support is the Department of Energy's (DOE) backing of research in aerogel-based insulation materials. The Advanced Research Projects Agency-Energy (ARPA-E), a division of the DOE, invests in high-potential, high-impact energy technologies, including aerogel-enhanced insulation. These initiatives expedite the translation of cutting-edge research into practical applications.
Furthermore, both federal and state governments have introduced incentives and regulations to encourage energy efficiency and sustainable practices. These initiatives create a favorable environment for the adoption of aerogels in various industries. The United States aerogel market has recognized the immense value of collaboration and is leveraging it to drive innovation and market growth. The development of aerogel technologies can be resource-intensive, making collaborative efforts a strategic approach to optimize resource allocation, cost reduction, and accelerated research and development processes.
One notable collaboration in the aerogel field involves Aerogel-it and Fibenol, combining their expertise to develop a bioaerogel based on Fibenol's new generation of lignin. This partnership aims to create sustainable super-insulation solutions utilizing bio-based materials. Additionally, Lignopure GmbH and Aerogel-it GmbH are collaborating on the development of aerogel-based materials for cosmetics and biomedicine, further exemplifying the power of collaboration in driving advancements.
However, high production costs and challenges associated with the scalability of aerogel are expected to slow down the growth of the market in the coming years.
Some of the major companies operating in the United States Aerogel Market include:
- Aspen Aerogels, Inc.
- Cabot Corporation
- Aerogel Technologies, LLC
- BASF SE
- JIOS Aerogel Corporation
- Dow Inc.
- Thermablok Corporation
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“Certain regions, particularly the Midwest, are projected to exert significant demand for Aerogel in the United States. The growth in the competitive landscape and the presence of well-established companies in the market, committed to enhancing their aerogel productivity each year, are expected to contribute to a remarkable growth of the United States Aerogel Market in the forecast period," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.
United States Aerogel Market Segmented By Type (Silica, Carbon, Polymer and Others), By Form (Blanket, Particle, Panel, and Monolith), By Processing (Virgin, Composites and Additives), By Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-lighting & LVHS and Others), By Region, Competition has evaluated the future growth potential of United States Aerogel Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide innovative market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the United States Aerogel Market.
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Table of Content-United States Aerogel Market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
- Voice of Customer
- United States Aerogel Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type (Silica, Carbon, Polymer and Others)
5.2.2. By Form (Blanket, Particle, Panel and Monolith)
5.2.3. By Processing (Virgin, Composites and Additives)
5.2.4. By Application (Oil & Gas, Construction, Transportation, Performance Coating, Day-lighting & LVHS and Others)
5.2.5. By Company (2022)
5.2.6. By Region
5.3. Market Map
- North-East United States Aerogel Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type
6.2.2. By Form
6.2.3. By Processing
6.2.4. By Application
6.2.5. By Country
- Mid-West United States Aerogel Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Form
7.2.3. By Processing
7.2.4. By Application
7.2.5. By Country