Silicon Dioxide Aerogel Market Size, Share & Industry Analysis, By Type (Micro Silicon Dioxide Aerogel, Ultrafine Silicon Dioxide Aerogel, Others), By Application (Construction, Oil & Gas, Marine, Aerospace, Automotive, Others) and regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Silicon dioxide, commonly known as silica is a versatile chemical is a white coloured, solid oxide of silicon. Silica is found in nature and can also be synthesized in laboratory. It is mainly found as fused quartz, fumed silica, silica gel and aerogel. Aerogels are synthetic, ultra-light and permeable material derived from a gel. This is carried out by replacing the liquid component in the gel by gas. Silica aerogels feels like delicate expanded polystyrene on touching.
Increasing demand from end-use sectors like aerospace, oil & gas, chemical and automotive for low-density material with insulating properties shall drive the market. It was preferably used by NASA in Stardust Spacecraft to collect the extra-terrestrial particles and trap the dust particles present aboard. Additionally, increasing use of silica aerogel in imaging devices, light guides, and optical devices shall boost the market growth.
However, the exposure to silica particles and dust can cause silicosis, lung damage and other respiratory diseases which can at times turn out to be fatal. The health risks occurring on exposure to silica shall limit the market growth.
Key Market Driver -
Increasing demand from end-use sector.
Key Market Restraint -
Irreversible health hazards.
Market Segmentation:
Based on type, the market is segmented into micro silicon dioxide aerogel, ultrafine silicon dioxide aerogel and others. Based on application, the market is segmented into construction, oil & gas, marine, automotive, aerospace, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
The global silicon dioxide aerogel market consists of global & regional players operating. Some of the key players in the market include BASF, Acoustiblok, Aspen Aerogel, ConocoPhillips, JIOS Aerogel, Royal Dutch Shell Dow Chemical, Active Space Technologies, Cabot Corporation, Honeywell International, Wacker Chemie, and others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the Silicon Dioxide Aerogel Market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is anticipated to hold the largest share in the market attributed to the increasing demand from various end-use industries like oil & gas, automotive, and construction. Additionally, the growing population in countries like China and India has boosted the demand for oil & gas which substantially has increased the demand for silica aerogel. North America is expected to hold the second-largest share attributed to the high demand from large number of oil & gas manufacturing companies and aerospace sector. Europe is expected to show considerable growth attributed to the demand from automotive sector. Middle East and Africa is expected to show considerable growth attributed to the increasing gas and oil activities. Latin America is anticipated to show sluggish growth by the end of forecast period.
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Segmentation
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Silicon Dioxide Aerogel Industry Developments
- In April 2019, BASF and Aspen Aerogel expanded their strategic partnership for the new high performance, non-combustible thermal insulation product named Slentex.
- In May 2018, BASF and Aspen Aerogels jointly exhibited the new product Slentex and Slentite, made from an inorganic aerogel at the Insulation Expo Europe in Cologne.
- Ongoing
- 2023
- 2019-2022
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