How is Rising Focus on Energy Efficiency Driving Silica Aerogel Market?

The primary aim of different industries across the globe these days is to reduce energy consumption, which is why the utilization of energy-efficient systems and products is on a rise. Since thermal insulation systems can help in reducing power consumption, they are being constantly enhanced. Conventionally, mineral wool, cellulose, fiberglass, polyurethane foam, and polystyrene foam are utilized for insulation purposes; however, silica aerogels are quickly gaining traction as efficient insulation materials due to their advantageous properties. Silica aerogels are highly porous and lightweight materials, which have a 3D network of silica particles. These compounds are procured by the extraction of liquid phase of silica gels, which is done under superficial conditions.

Owing to the characteristics of silica aerogels, including extremely low thermal conductivity, high porosity, low density, and high specific surface area, their demand is increasing rapidly for several applications. This, in turn, is projected to result in the growth of the global silica aerogel market in the coming years. Different application areas of silica aerogels are transportation, oil & gas, aerospace &defense, and building insulation. Out of these, the oil & gas industry made the most use of silica aerogels in the past.

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Oil & gas companies have to deal with a number of challenges, such as arctic environment, oil sands, and deep/ultra-deep waters, owing to which the shift towards efficient insulation systems is increasing in the industry. Various forms of silica aerogel are available for utilization in the oil & gas industry. The installation process of these products is further swift and easy, thereby leading to price reduction. Other than this, the demand for silica aerogels is also projected to rise from the construction industry as well in the near future. This is attributed to the fact that silica aerogels aid commercial and residential real estate companies in meeting the surging need for energy-efficient buildings.

Companies operating in the domain are further focusing on the development of technologically advanced products for decreasing the manufacturing cost and making silica aerogel commercially viable for utilization in healthcare and textile industries. Geographically, North America emerged as the largest silica aerogel market in the past. Within the region, the U.S. has been the major consumer of the compound, which is owing to the research & development on silica aerogel that is being carried out by the National Aeronautics & Space Administration (NASA).

Because of silica aerogel’s exceptional thermal insulation property and lightness, it was used by NASA for the Mars Exploration Rover Mission. Other than this, the demand for silica aerogel is also expected to increase in the European region in the coming years. The European Union’s energy-efficiency policies have made it mandatory for every building in the region to cut the greenhouse gas emissions by 20% by 2020. This, along with the growing building insulation industry, is driving the demand for silica aerogel in the region.

In conclusion, the growing need for energy-efficient thermal insulation systems are driving the demand for silica aerogel. 

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Created on Jun 16th 2020 08:26. Viewed 299 times.

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