APAC Aerogel Insulation Market Is Projected To Hit USD 350 Mn By 2025

By 2025, Asia Pacific aerogel insulation market size is expected to cross USD 350 million. Asia Pacific is expected to emerge as a key revenue pocket due to rapid economic development and a low rate of interest in the real estate sector. There has been a rise in urban development due to the increasing industrialization and accelerated advancements in the residential buildings sector. Easy credit availability in the region along with a rise in disposable income will boost the demand for consumer durables.

Aerogel insulation industry share has witnessed unprecedented demand over the years due to the need to control increase in carbon emission levels and conserve energy. There has been a considerable shift towards the adoption of sustainable practices by various industries to help reduce GHG emissions that lead to environmental degradation.

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There has been a rise in green building projects in both developed and emerging economies. This type of infrastructure adopts energy-efficient practices that aim at reducing the consumption of electricity and adopting other sustainable practices. Moreover, strict policies established regarding the working conditions in various industries is a major factor supporting the product growth.

A need for more efficient residential and commercial construction has paved the way for innovative insulating materials like aerogels, which are among the lightest solid materials in the world, being composed of 99% air. Due to significantly low thermal conductivity and density, aerogels are widely used in buildings and windows to prevent thermal radiation of the ambient temperature, making it an ideal insulator and energy-saving material. Heating and cooling solutions represent a major part of energy expenditure, demonstrating the potential of deploying aerogel products in construction.

The building and construction sector has experienced a massive rise with the increased economic conditions across developing nations. Rise in construction activities lead to the consumption of traditional materials, but also create opportunities for using novel products for crucial structural components. Developments related to aerogel-based products have allowed many new design possibilities for buildings and in electrical applications, augmenting demand for aerogel insulation market.

Improving economic stability and initiatives undertaken by the government and certain private institutions has driven development in the building and construction industry. Reportedly, building and construction applications are expected to account for more than 29% of the total aerogel insulation market share up to 2025.

Technological advancements in construction and architectural techniques due to the demand for high-end insulation solutions will intensify growth in the segment. Initiatives like Energy Efficient Directive (EED) established by the EU with an aim to boost the energy performance of buildings will foster the adoption of key building materials.

Prominent aerogel insulation companies are constantly introducing new products to increase their customer reach and achieve a competitive advantage. Major industry players include BASF, Aspen, Aerogel Technologies, Enersen SAS and Svenska, among various others.

The aerogel insulation companies are making considerable investments in various technological advancements and innovations to strengthen their presence in the industry. On 3 April 2019, BASF SE joined hands with Aspen in order to expand the production and distribution of new combustible and advanced quality thermal products- SLENTEX to the global market.

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Some Point from Table of Contents:

Chapter 4. Aerogel Insulation Market, By Type

4.1. Global aerogel insulation market share by type, 2018 & 2025

4.2. Silica

4.2.1. Market estimates and forecast, 2013 - 2025

4.2.2. Market estimates and forecast, by region, 2013–2025

4.3. Polymer

4.3.1. Market estimates and forecast, 2013 - 2025

4.3.2. Market estimates and forecast, by region, 2013–2025

4.4. Carbon

4.4.1.1. Market estimates and forecast, 2013 - 2025

4.4.1.2. Market estimates and forecast, by region, 2013–2025

4.5. Others (fiberglass)

4.5.1. Market estimates and forecast, 2013 - 2025

4.5.2. Market estimates and forecast, by region, 2013–2025

Chapter 5. Aerogel Insulation Market, By Form

5.1. Global aerogel insulation market share by form, 2018 & 2025

5.2. Blankets

5.2.1. Market estimates and forecast, 2013 - 2025

5.2.2. Market estimates and forecast, by region, 2013–2025

5.3. Panel

5.3.1. Market estimates and forecast, 2013 - 2025

5.3.2. Market estimates and forecast, by region, 2013–2025

5.4. Particle

5.4.1. Market estimates and forecast, 2013 - 2025

5.4.2. Market estimates and forecast, by region, 2013–2025

5.5. Block

5.5.1. Market estimates and forecast, 2013 - 2025

5.5.2. Market estimates and forecast, by region, 2013–2025

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