The automotive segment is a key application area for aerogels and accounted for a 4.9% share of the global aerogel market in 2015. The segment is anticipated to grow at a CAGR of 28.06% during the forecast period. The demand for aerogels is growing from the automotive segment owing to their unique properties like excellent thermal resistance, enhanced acoustic insulation, light weight, reduced thickness, and fire and water resistance.In terms of form, the blanket form is the largest segment of the market. It was the first form of aerogels that was commercialized for end-use applications.In terms of application, the oil and gas segment dominated the market in 2015 with a share of 68.5%. Reduced thickness and superior insulation properties of aerogels are of prime importance for the oil and gas industry. The demand for aerogels is high for oil and gas applications as this industry is more temperature-sensitive, and employs the transportation of unprocessed hydrocarbons over long distances.North America is the largest region in terms of consumption of aerogel materials, and had a 51.2% share of the market in 2015. Globally, the region is leading the global aerogel market with respect to product innovation, and in terms of quality and application development. The North American aerogel market is largely driven by the oil and gas segment, where the demand for advanced solutions that combine reduced thickness and superior insulating properties with low thermal conductivity is high.

PART 01: Executive summary ............................................ 6

Highlights 6

PART 02: Scope of the report ............................................. 7

Market overview 7

PART 03: Market research methodology ......................... 12

Research methodology 12

Economic indicators 12

PART 04: Introduction ....................................................... 13

Key market highlights 13

PART 05: Market landscape .............................................. 16

Market size and forecast 16

Five forces analysis 18

Critical aspects of global aerogel market 19

Value chain analysis 20

PART 06: Market segmentation by type ........................... 21

Global aerogel market by type 21

PART 07: Market segmentation by form .......................... 24

Global aerogel market by form 24

PART 08: Market segmentation by application ............... 26

Global aerogel market by application 26

Global aerogel market by oil and gas applications 27

Global aerogel market by construction applications 29

Global aerogel market by automotive, marine, and

aerospace applications 30

Global aerogel market by performance coating

applications 32

Global aerogel market by day-lighting and LVHS

applications 33

Global aerogel market by other applications 35

PART 09: Market segmentation by geography ................ 36

Global aerogel market by geography 36

Aerogel market in North America 37

Aerogel market in Europe 39

Aerogel market in APAC 40

Aerogel market in ROW 42

PART 10: Market drivers ................................................... 43

Superior thermal resistance 43

Thinner and lightweight alternative 45

Eco-friendly material 46

PART 11: Impact of drivers ............................................... 47

PART 12: Market challenges ............................................. 48

Dustiness of the material 48

Perception regarding health and safety 48

High manufacturing cost 49

PART 13: Impact of drivers and challenges .................... 50

PART 14: Market trends .................................................... 51

Potential substitute for conventional insulation

materials 51

Newer applications in the apparel industry 51

Applications in day-lighting segment 51

Growing demand from the LVHS segment 52

PART 15: Vendor landscape ............................................. 53

Competitive scenario 53

Major market vendors 55

Other prominent vendors 55

Aspen Aerogels 57

Aerogel Technologies 59

American Aerogel 61

BASF 63

Cabot 64

PART 16: Appendix ........................................................... 66

List of abbreviations 66

PART 17: Explore Technavio ............................................ 67